September 10, 2020 11:39 am
Following a whipsaw move on Wednesday, GBP/USD remained relatively stable near the 1.3000 mark during late European session on Thursday, as market players were assessing if a newly proposed bill by Britain to undercut the Brexit divorce treaty would prompt the EU to suspend negotiations. On Wednesday the major pair slid to 1.2885, its weakest […]
Read moreSeptember 10, 2020 10:03 am
After surging more than 3% on Wednesday, futures on US West Texas Intermediate Crude Oil resumed their slide on Thursday after an unexpected rise in US crude oil stockpiles during the past week. An industry report by the American Petroleum Institute showed yesterday that US crude oil stocks had increased by 2.9 million barrels during […]
Read moreSeptember 10, 2020 8:20 am
According to a report by the Financial Times, citing a source with knowledge of the matter, several J.P. Morgan Chase employees were fired on allegations they had violated the bank’s code of conduct by misusing funds that were meant to aid businesses to overcome the negative effects of the coronavirus pandemic. Those persons fraudulently got […]
Read moreSeptember 9, 2020 11:22 am
Tesla Inc (TSLA) lost almost $80 billion of its market capitalization on Tuesday, after it was surprisingly excluded from the S&P 500 index. The amount lost exceeded the combined market value of General Motors Co and Ford Motor Co. Market players and Wall Street analysts largely anticipated Tesla to be included in the S&P 500 […]
Read moreSeptember 9, 2020 8:55 am
Spot Gold was stuck within a tight trading range in Europe on Wednesday, as the US Dollar remained firm near a fresh one-month high against a basket of major peers, while market players awaited policy decisions by Bank of Canada and the European Central Bank later in the week. “Traders in Asia will adopt a […]
Read moreSeptember 9, 2020 7:11 am
NZD/USD extended a pullback from 2020 high of 0.6789 and touched lows not seen in two weeks on Wednesday as the Reserve Bank of New Zealand is “actively preparing a package of additional monetary policy tools to support the economy if required.” The most recent statement by RBNZ Governor Adrian Orr hinted that the central […]
Read moreSeptember 8, 2020 11:23 am
The Hongguang MINI EV, a compact electric vehicle produced by General Motors Co’s joint venture in China, has become the most sold EV model in the country. According to industry data, 15,000 Hongguang MINI EVs were sold in August compared with 11,800 Tesla Model 3 sedans. The China Passenger Car Association, which has a different […]
Read moreSeptember 8, 2020 9:20 am
Futures on US West Texas Intermediate Crude Oil retreated to a fresh ten-week low on Tuesday, as fuel demand concerns mounted with US summer driving season coming to an end. Additionally, a spike in confirmed COVID-19 cases in 22 out of 50 US states during the US Labor Day weekend added to demand fears. The […]
Read moreSeptember 8, 2020 7:30 am
AUD/USD regained ground on Tuesday and tested the 0.7300 mark in early European session, as risk appetite seemed to have returned to Asian stock markets, while the US Dollar held steady against a basket of major peers ahead of the highly anticipated European Central Bank’s policy decision, scheduled on Thursday. The central bank is expected […]
Read moreSeptember 7, 2020 8:14 am
Amazon.com Inc (AMZN) said on Friday that it intended to add 10,000 additional jobs in Bellevue, Washington during the upcoming few years. Amazon shares closed lower for a second consecutive trading session on NASDAQ on Friday. The stock went down 2.18% ($73.38) to $3,294.62, after touching an intraday low at $3,111.13, or a price level […]
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