September 16, 2020 7:02 am
NZD/USD extended gains from the previous trading day and remained close to two-week highs during early European session on Wednesday, as market players awaited the outcome from the Federal Reserve’s first policy meeting since it adopted a more accommodative approach to inflation, while New Zealand registered the largest current account surplus on record. Last month […]
Read moreSeptember 15, 2020 12:11 pm
In a Monday blog post, Alphabet Inc’s YouTube announced the launch of Shorts, a new short-form video service that will compete with TikTok and Facebook Inc’s Reels. The new product is to allow users to record short mobile-friendly vertical videos and to add special effects and soundtracks from a music library. Alphabet shares closed lower […]
Read moreSeptember 15, 2020 9:12 am
Spot Gold extended gains from the previous trading day and touched a fresh two-week high on Tuesday, mostly because the US Dollar softened ahead of the Federal Reserve’s two-day policy meeting, starting later today, which may offer further clues over the bank’s new policy framework. A softer dollar makes safe haven Gold less expensive for […]
Read moreSeptember 15, 2020 7:04 am
AUD/USD extended gains from the prior trading day and touched highs not seen in almost two weeks on Tuesday, after the Minutes from Reserve Bank of Australia’s policy meeting in September provided no indication of further cuts in record low interest rates. RBA policy makers reaffirmed that the yield target for Australia’s 3-year government bonds […]
Read moreSeptember 14, 2020 11:33 am
Kroger Company’s (KR) full-year forecasts on comparable sales and earnings, issued last Friday, outstripped Wall Street estimates, since the coronavirus pandemic has prompted consumers to order more from their homes. Kroger Co’s online sales soared 127% year-on-year during the fiscal second quarter ended August 15th, as shoppers have been ordering a variety of items online […]
Read moreSeptember 14, 2020 9:04 am
Futures on US West Texas Intermediate Crude Oil edged lower on Monday as concerns over rising global supply and weakening fuel demand overshadowed reports of oil drillers evacuating facilities and shutting down production in the Gulf of Mexico as another tropical storm was heading towards the area. News of oil production being shut down usually […]
Read moreSeptember 14, 2020 7:05 am
After recording the biggest weekly loss since early August last week, NZD/USD started the new week on a stronger footing, as it tracked gains across stock exchanges in Asia. Japan’s Nikkei 225 added 0.68% at the close, Hang Seng was gaining 0.65%, Australia’s ASX – 0.52%, while Shanghai Composite was up 0.05%. The US Dollar […]
Read moreSeptember 11, 2020 11:51 am
Tesla Inc managers demonstrated a new charge system in the EUREF campus in Berlin, Germany, on Thursday and announced that the company was exploring more target cities where the new equipment may be introduced. A spokesperson for Tesla said that the US electric car maker was planning to open at least one more inner-city fast […]
Read moreSeptember 11, 2020 9:48 am
Spot Gold eased from Thursday’s one-week high of $1,966.57 and traded within a tight range on Friday, as the US Dollar remained not far from its one-month peak supported by a tech stock rout this week. “A rebound in the U.S. dollar index sent gold prices lower following the European Central Bank’s neutral tone last […]
Read moreSeptember 11, 2020 6:53 am
AUD/USD edged higher on Friday, but looked set for a flat weekly performance, as investor risk sentiment took a hit, sending equities lower and supporting the US Dollar. Volatility returned to equity markets and some notable wobbles were observed in tech stocks, as market players reassessed their high valuations amid an environment marked by sluggish […]
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