September 4, 2020 9:23 am
Spot Gold edged higher on Friday, following two straight days of losses, as the precious metal benefited from lower US bond yields and a sell-off in equities prior to the release of key US jobs data later in the day. The yield on US 10-year government bonds was set to record the steepest weekly slump […]
Read moreSeptember 4, 2020 7:03 am
NZD/USD continued pulling back from recent 13 1/2-month highs on Friday, after Reserve Bank of New Zealand warned of a “severe and long-lasting” economic impact from the coronavirus pandemic, while markets are now expecting the key US Non-Farm Payrolls report later in the day for clues over strength of US economic recovery. RBNZ Governor Adrian […]
Read moreSeptember 3, 2020 11:25 am
Ford Motor Co (F) announced on Wednesday that it intends to cut 1,400 salaried jobs in the United States by the end of 2020 as part of $11 billion restructuring initiative. The US company said it would offer voluntary buyouts to workers who are eligible for retirement. Ford shares closed higher for a second consecutive […]
Read moreSeptember 3, 2020 9:10 am
Futures on US West Texas Intermediate Crude Oil extended losses from the previous trading day and hit lows unseen in a month on Thursday due to concerns over weakening gasoline demand in the United States, even as crude oil stocks registered a sharp drop. A report by the US Energy Information Administration (EIA) showed on […]
Read moreSeptember 3, 2020 7:09 am
AUD/USD extended losses from the prior trading day and registered a one-week low on Thursday, as downbeat Australian services activity and trade data added to pressure, while the US Dollar continued its rebound against major peers. The latest report by Markit/Commonwealth Bank showed activity in Australia’s sector of services had contracted in August following two […]
Read moreSeptember 2, 2020 9:28 am
Following three straight trading days of gains, Gold retreated on Wednesday as the US Dollar regained ground after upbeat US manufacturing data added to investor optimism over economic recovery. The US Dollar rebounded from lows unseen since April 30th 2018 against six major peers, after the latest report by the Institute for Supply Management showed […]
Read moreSeptember 2, 2020 7:01 am
NZD/USD extended gains from the prior trading day and touched a fresh 13 1/2-month high on Wednesday, after Reserve Bank of New Zealand Governor Adrian Orr said the central bank’s actions had been effective in broadly reducing interest rates. “We have been effective in lowering interest rates across the board, and ensuring there is plentiful […]
Read moreSeptember 1, 2020 11:20 am
According to a report by Reuters, citing a corporate memo, Citigroup Inc (C) has appointed Robin Rousseau as its new Vice Chairman of Investment Banking for Europe, the Middle East and Africa (EMEA). He is expected to report to Philip Drury, the head of Citigroup’s banking, capital markets and advisory business across EMEA. Citigroup shares […]
Read moreSeptember 1, 2020 9:25 am
Futures on US West Texas Intermediate Crude Oil rebounded on Tuesday, as market players were buying riskier assets and selling the US Dollar, a traditional safe haven, following a shift in policy framework introduced by the Federal Reserve Bank last week. The central bank’s policy shift to target average inflation and higher employment suggested that […]
Read moreSeptember 1, 2020 7:18 am
AUD/USD advanced for a sixth consecutive trading day and touched a fresh two-year high in early Asian session on Tuesday, as market players increased bets that the Federal Reserve’s policy framework shift would keep US interest rates at lower levels compared to rates in other countries. The Fed’s shift last week to target average inflation […]
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