November 11, 2020 9:04 am
NZD/USD rose more than 1% on Wednesday to highs not seen since late March 2019, as market players trimmed bets that the Reserve Bank of New Zealand would introduce negative interest rates. Additionally, the US Dollar paused its rally against peers as initial optimism in regard to COVID-19 vaccine progress was offset by uncertainty about […]
Read moreNovember 10, 2020 10:33 am
AUD/USD remained mostly steady in mid-European session on Tuesday, as markets mulled recent news over progress in a COVID-19 vaccine development. Yesterday the pair surged to highs unseen in almost eight weeks, after reports emerged that Pfizer Inc’s experimental vaccine had proven to be more than 90% effective against the COVID-19 disease, based on initial […]
Read moreNovember 10, 2020 8:43 am
Three more logistics centers have been opened by Amazon in Brazil, the company said on Monday, as it seeks to take advantage of e-commerce boost in the country, resulting from the coronavirus pandemic. Amazon shares closed lower for a second consecutive trading session on NASDAQ on Monday. It has also been the steepest single-session loss […]
Read moreNovember 9, 2020 10:31 am
GBP/USD climbed to a fresh two-month high in Asia on Monday, as market players cheered Joe Biden’s election victory, supporting risk-sensitive currencies and pushing the US Dollar Index (DXY) down to a 10-week low due to expectations of diminishing trade frictions between the US and China and accommodative monetary policy in support of economy. The […]
Read moreNovember 9, 2020 8:58 am
Total vehicle sales at Ford Motor Co’s (F) ventures in China rose in October compared to a year ago, supported by strong demand for Sport-utility Vehicles (SUVs) and vans. Ford shares closed lower for the seventh time in the past ten trading sessions in New York on Friday. The stock went down 2.50% ($0.20) to […]
Read moreNovember 6, 2020 10:44 am
After surging more than 2% on Thursday amid post-election volatility and weaker US Dollar, Gold was mostly steady on Friday and was set to register its best weekly performance since late July due to prospects of more central bank support, as a divided US Congress under a Biden administration dimmed outlook for immediate fiscal stimulus. […]
Read moreNovember 6, 2020 9:14 am
Electronic Arts Inc (EA) and UFC announced on Thursday the extension of their partnership to continue to deliver authentic and innovative mixed martial arts (MMA) games to 2030. Electronic Arts shares closed higher for a third consecutive trading session on NASDAQ on Thursday. The stock went up 2.41% ($3.02) to $128.33, after touching an intraday […]
Read moreNovember 5, 2020 10:54 am
Ford Motor Co (F) announced on Wednesday the recall of nearly 375,000 Explorer SUVs in North America, because of a part that could detach and cause a crash. Ford shares closed lower for the seventh time in the past ten trading sessions in New York on Wednesday. It has also been the steepest single-session loss […]
Read moreNovember 5, 2020 9:26 am
AUD/USD edged higher on Thursday, while trading not far from yesterday’s three-week high of 0.7222, as reports stated Democrat Joe Biden had moved a step closer to the White House in a knife-edge presidential election. Still, however, investors were braced for uncertainty over the election outcome, after Republican incumbent President Donald Trump launched a multi-pronged […]
Read moreNovember 4, 2020 10:57 am
Walmart Inc (WMT) said earlier this week that it no longer planned to use roving robots to scan shelves and track inventory at its stores. “This was one idea we tried in roughly 500 stores just as we are trying other ideas in additional stores,” the US retailer said in a statement, cited by Reuters. […]
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