September 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 […]
Read moreAugust 31, 2020 11:20 am
GBP/USD surged to highs not seen in eight and a half months during early Asian trade on Monday, as the US Dollar was on track for its fourth consecutive month of decline against peers following the Federal Reserve Bank’s policy framework shift introduced last week. In a speech at the Jackson Hole virtual symposium last […]
Read moreAugust 31, 2020 9:10 am
Spot Gold traded not far from two-week highs in Europe on Monday, after a shift in the Federal Reserve’s policy framework indicated borrowing costs in the country would stay low for a longer period of time. In his speech at the Jackson Hole virtual symposium last week Federal Reserve Chair Jerome Powell said the central […]
Read moreAugust 31, 2020 7:03 am
Boeing Co (BA) said last Friday that eight 787 Dreamliners had been removed from service at several airlines, after the US company had found manufacturing issues in the fuselage section of the jets. Boeing shares closed higher for a second consecutive trading session in New York on Friday. The stock went up 0.92% ($1.60) to […]
Read moreAugust 28, 2020 11:20 am
Walmart Inc (WMT) said on Thursday that it intended to tie up with Microsoft Corp in the software giant’s bid for TikTok, owned by China’s ByteDance. The Chinese company has been discussing the potential sale of TikTok’s operations in Australia, New Zealand and North America to companies such as Microsoft and Oracle. According to Reuters, […]
Read moreAugust 28, 2020 9:24 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior trading day on Friday, as Hurricane Laura made a landfall in Louisiana and Texas, but did not cause severe damage to oil refineries in the area. On Thursday Louisiana was hit by Hurricane Laura, as its 240-kilometer-per-hour winds knocked down trees, caused […]
Read moreAugust 28, 2020 7:08 am
NZD/USD kept trading in proximity to Thursday’s three-week high in early European session on Friday, after Fed Chair Jerome Powell announced a new approach aimed at job creation and based on average inflation targeting. In his speech at the Jackson Hole virtual symposium yesterday the Federal Reserve Chairman said the central bank would aim to […]
Read moreAugust 27, 2020 11:28 am
Having reopened successfully over 100 of its theatres across the United States, AMC plans a second wave of reopenings. The company said that 170 more of its US locations would open on August 27th ahead of the release of “The New Mutants.” Once the second wave of reopenings is complete, AMC will have almost 300 […]
Read moreAugust 27, 2020 9:25 am
Spot Gold edged lower on Thursday, after recording its biggest single-day gain since August 17th on Wednesday, due to some profit-taking ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell at the annual economic policy symposium later in the day. “It was a pretty significant rally overnight on pretty limited news. The […]
Read moreAugust 27, 2020 7:07 am
AUD/USD held steady in proximity to 2020 high of 0.7276 in early European session on Thursday as Australian business investment reportedly shrank at a lesser-than-anticipated rate in the second quarter, while market players were turning their attention to Fed Chairman Jerome Powell’s speech during the annual central bankers’ virtual conference for hints over a possible […]
Read more
