October 14, 2020 7:10 am
NZD/USD was edging up in early European session on Wednesday following remarks by a senior official from the Reserve Bank of New Zealand, but uncertainty surrounding a coronavirus vaccine and a new US fiscal stimulus package kept the safe haven US Dollar supported, while limiting kiwi gains. In a speech via video link during a […]
Read moreOctober 13, 2020 9:34 am
Benchmark was reported to have raised its rating on Ford Motor Company (F) from “Hold” to “Buy”, citing momentum from new products into the next year. The firm has also assigned a 12-month price target of $10 on the stock. Ford shares closed higher for the seventh time in the past ten trading sessions in […]
Read moreOctober 13, 2020 7:11 am
AUD/USD extended losses from the previous trading day on Tuesday, despite a rally in other risk-sensitive assets, as concerns emerged over worsening trade relations between Australia and China, its largest trading partner. A report by S&P Global Platts, citing sources with knowledge of the situation, said that state-owned utilities and steel mills in China had […]
Read moreOctober 12, 2020 9:43 am
Stifel raised its rating on Teradyne Inc (TER) to “Buy” from “Hold” and also revised up its 12-month price target on the stock from $85 to $115, as the firm sees better growth prospects in the semi test and industrial robotics. Shares of Teradyne Inc closed higher for a third consecutive trading session on NASDAQ […]
Read moreOctober 12, 2020 8:15 am
NZD/USD eased from last Friday’s 2 1/2-week high in Asian trade on Monday, as the offshore Chinese yuan depreciated following an announcement by the People’s Bank of China that the reserve requirement ratio for financial institutions for foreign exchange forwards trading would be reduced. Analysts suggest that such a move aims to achieve a lower […]
Read moreOctober 9, 2020 9:42 am
GBP/USD was holding gains from the previous two trading days on Friday, drawing support from better prospects of a Brexit deal, while investor bets that Joe Biden would win the US presidential election and his administration would offer fiscal aid afterwards rose, weighing on safe haven US Dollar. Some major banks on Wall Street project […]
Read moreOctober 9, 2020 7:15 am
AMC Entertainment Holdings Inc (AMC) said on Thursday that 14 movie theatres in the state of Washington would reopen on October 16th. This round of reopenings coupled with recently announced reopenings in California, Michigan and North Carolina, would bring the total number of AMC locations returning to business during the first three weeks of October […]
Read moreOctober 8, 2020 9:41 am
Lowe’s Companies Inc (LOW) said on Wednesday that its hourly staff would receive an extra $100 million in discretionary bonuses, as the retailer makes preparations for the active holiday season. This way Lowe’s total bonuses since the start of the pandemic would reach over $775 million, the company said. Lowe’s shares closed higher for the […]
Read moreOctober 8, 2020 7:11 am
AUD/USD extended gains from the previous trading day on Thursday as renewed hopes over some US fiscal spending supported investor risk sentiment. Reports emerged stating that US President Trump and House Speaker Nancy Pelosi were open to reaching an agreement on fiscal aid for the airline industry, regardless of that Trump had already called off […]
Read moreOctober 7, 2020 9:34 am
After recording its biggest daily loss since September 23rd on Tuesday on the back of a firmer US Dollar, Spot Gold managed to recoup part of that loss on Wednesday, rebounding from one-week lows, as economic recovery concerns re-emerged. Uncertainty surrounding the US presidential election after President Trump was diagnosed with COVID-19 is also seen […]
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