September 22, 2020 8:00 am
AUD/USD extended losses from the prior trading day and touched a fresh one-month low on Tuesday, as the US Dollar remained firm near a six-week high, while Reserve Bank of Australia Deputy Governor Guy Debelle listed several policy options, including currency market intervention and negative interest rates, which the RBA was considering to achieve its […]
Read moreSeptember 21, 2020 10:17 am
GBP/USD extended last Friday’s losses on Monday, while touching a one-week low, as a spike in new confirmed coronavirus cases in Britain urged authorities to consider another round of lockdown restrictions. New infections in the country have risen at a daily rate of at least 6,000, while hospital admissions have doubled every eight days. “Increasingly […]
Read moreSeptember 21, 2020 8:24 am
Spot Gold was trading within a narrow range in Europe on Monday, as the US Dollar steadied after touching a 1 1/2-week low, while market players’ focus now sets on a plethora of speeches by Federal Reserve officials this week for further clues on the bank’s policy framework shift. Federal Reserve Chair Jerome Powell is […]
Read moreSeptember 18, 2020 11:36 am
Ford Motor Co (F) announced on Thursday that it had initiated production of a new generation of its F-150 pickup truck at its factory in Dearborn, Michigan. The vehicle is expected to come to market in November. Ford shares closed higher for the fifth time in the past ten trading sessions in New York on […]
Read moreSeptember 18, 2020 9:15 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior three trading days and hit a two-week high on Friday after a report by Goldman Sachs stated the oil market was in deficit. Additionally supporting prices, a new tropical depression began to develop in the western part of the Gulf of Mexico, […]
Read moreSeptember 18, 2020 7:06 am
NZD/USD extended gains from the previous five trading days and hit a fresh 17 1/2-month high on Friday as a less steep than expected contraction in New Zealand’s Gross Domestic Product in Q2 added to expectations that the Reserve Bank of New Zealand might adopt a wait-and-see approach at its upcoming policy meeting on September […]
Read moreSeptember 17, 2020 9:25 am
Gold retreated from Wednesday’s two-week high and was losing almost 1% on Thursday, after Federal Reserve Chair Jerome Powell’s remarks on economic outlook bolstered US bond yields and lifted the US Dollar to a one-week high against major peers. US economy is now expected to contract 3.7% in 2020, compared to a 6.5% contraction forecast […]
Read moreSeptember 17, 2020 7:14 am
AUD/USD fell from a two-week high on Thursday, while snapping a four-day streak of gains, after Federal Reserve Chair Jerome Powell’s remarks on economic outlook bolstered US bond yields and unleashed a wave of US Dollar buying. The Fed kept the target range for the federal funds rate intact at 0%-0.25% at its policy meeting […]
Read moreSeptember 16, 2020 11:20 am
According to a report by Reuters, citing a J.P. Morgan Chase memo, the Wall Street bank intends to add six new members to its operating committee. This would bring the total number of committee members to 18, including 10 men and 8 women. J.P. Morgan Chase shares closed lower for the fifth time in the […]
Read moreSeptember 16, 2020 9:07 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Wednesday, as part of US offshore oil and gas production was shut down due to Hurricane Sally, while an industry report revealed an unexpected drop in US crude stockpiles. Drillers and refiners shut at least 25% of US offshore […]
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