October 28, 2020 8:51 am
AUD/USD remained mostly steady in early European session on Wednesday, while being not far from last Friday’s one-week high of 0.7158, after an official report showed Australian consumer price inflation had come in slightly better than expectations. Consumer prices went up 0.7% year-on-year during the third quarter, while matching a consensus of estimates, following a […]
Read moreOctober 27, 2020 10:52 am
Facebook Inc (FB) announced on Monday the launch of a free-to-play cloud gaming feature on its social media platform, which will enable users to play games such as “WWE SuperCard” and “Asphalt 9: Legends” without the need to download them. Facebook shares closed lower for the sixth time in the past ten trading sessions on […]
Read moreOctober 27, 2020 8:40 am
NZD/USD rose on Tuesday and was on track to retest last Friday’s one-month high of 0.6705, as upbeat Asian macro data offset concerns over a second wave of the COVID-19 disease across the United States and Europe. Profits in China’s industrial sector surged for a fifth consecutive month in September, while South Korea returned to […]
Read moreOctober 26, 2020 10:38 am
American Express Co’s (AXP) third-quarter earnings, reported on Friday, fell short of analyst estimates, since its clients trimmed spending during the coronavirus-induced economic downturn. Shares of American Express Company closed lower for the sixth time in the past ten trading sessions in New York on Friday. It has also been the steepest single-session loss since […]
Read moreOctober 26, 2020 8:40 am
Having touched a one-week high last Friday, AUD/USD eased on Monday, as a combination of factors, including a potentially disputed US presidential election, faint prospects of a coronavirus aid bill prior to the vote and accelerating virus spread across the globe, fueled investor risk aversion, supporting the US Dollar. Markets remained in a risk-off mode, […]
Read moreOctober 23, 2020 10:01 am
GBP/USD was trading slightly higher in mid-European session on Friday and was set to register its best weekly performance since the business week ended October 2nd, as negotiators from Britain and the European Union began intense talks aimed to achieve a last-minute Brexit trade agreement. On Wednesday GBP/USD surged by more than 1.5%, while marking […]
Read moreOctober 23, 2020 7:39 am
Southwest Airlines Company (NYSE: LUV) reported on Thursday its largest quarterly loss on record during the third quarter as a result of the COVID-19 pandemic. Still however, the company said its cash burn would be lower during the current quarter, since leisure bookings show signs of recovery. Shares of Southwest Airlines closed higher for the […]
Read moreOctober 22, 2020 9:50 am
Amazon.com Inc (AMZN) disclosed on Thursday a $100 million investment in the establishment of new warehouses in Mexico, as it seeks to ensure more rapid deliveries. The new sites actually include 2 fulfillment centers near the cities of Monterrey and Guadalajara and 1 support building in the State of Mexico. Amazon shares closed lower for […]
Read moreOctober 22, 2020 7:35 am
NZD/USD was holding gains achieved a day ago on Thursday, as US fiscal stimulus negotiations continued to occupy market focus, while investors were looking for more clarity over progress made on the potential size of the coronavirus relief package. Yesterday investor risk sentiment received a boost, while the US Dollar retreated to lows unseen since […]
Read moreOctober 21, 2020 9:34 am
Futures on US West Texas Intermediate Crude Oil eased from yesterday’s seven-week peak ($41.90 per barrel) on Wednesday after an unexpected increase in US crude oil inventories last week stoked concerns over a supply glut. The American Petroleum Institute (API) reported on Tuesday that US crude oil stocks had risen by 0.584 million barrels during […]
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