October 23, 2020 10:01 am
GBP/USD was trading slightly higher in mid-European session on Friday and was set to register its best weekly performance since the business week ended October 2nd, as negotiators from Britain and the European Union began intense talks aimed to achieve a last-minute Brexit trade agreement. On Wednesday GBP/USD surged by more than 1.5%, while marking […]
Read moreOctober 23, 2020 7:39 am
Southwest Airlines Company (NYSE: LUV) reported on Thursday its largest quarterly loss on record during the third quarter as a result of the COVID-19 pandemic. Still however, the company said its cash burn would be lower during the current quarter, since leisure bookings show signs of recovery. Shares of Southwest Airlines closed higher for the […]
Read moreOctober 22, 2020 9:50 am
Amazon.com Inc (AMZN) disclosed on Thursday a $100 million investment in the establishment of new warehouses in Mexico, as it seeks to ensure more rapid deliveries. The new sites actually include 2 fulfillment centers near the cities of Monterrey and Guadalajara and 1 support building in the State of Mexico. Amazon shares closed lower for […]
Read moreOctober 22, 2020 7:35 am
NZD/USD was holding gains achieved a day ago on Thursday, as US fiscal stimulus negotiations continued to occupy market focus, while investors were looking for more clarity over progress made on the potential size of the coronavirus relief package. Yesterday investor risk sentiment received a boost, while the US Dollar retreated to lows unseen since […]
Read moreOctober 21, 2020 9:34 am
Futures on US West Texas Intermediate Crude Oil eased from yesterday’s seven-week peak ($41.90 per barrel) on Wednesday after an unexpected increase in US crude oil inventories last week stoked concerns over a supply glut. The American Petroleum Institute (API) reported on Tuesday that US crude oil stocks had risen by 0.584 million barrels during […]
Read moreOctober 21, 2020 7:39 am
Having slipped to a three-week low on Tuesday after the release of the RBA Minutes, AUD/USD was attempting a rebound on Wednesday as investor risk sentiment received a boost due to pre-election US coronavirus aid deal optimism. Reports emerged stating that the White House and Democrats have taken a step closer to an agreement on […]
Read moreOctober 20, 2020 9:39 am
Tesla Inc (TSLA) said on Monday that it would begin to export Model 3 sedans produced in China to at least ten European countries, among which Germany, France, Switzerland and Italy, later in October. Tesla shares closed lower for a third consecutive trading session on NASDAQ on Monday. The stock went down 2.01% ($8.84) to […]
Read moreOctober 20, 2020 7:35 am
New Zealand Dollar retreated along with its Australian counterpart on Tuesday, while hitting a two-week low against the greenback, as investor risk sentiment cooled ahead of a Tuesday deadline for a deal on a US coronavirus relief package. At the same time, the minutes from the Reserve Bank of Australia’s latest policy meeting showed board […]
Read moreOctober 19, 2020 9:44 am
American Airlines Group Inc (AAL) said over the weekend that Boeing 737 MAX would probably return to commercial service by the end of this year. It would depend on when the jet is certified by the US Federal Aviation Administration, the company said. American Airlines shares closed higher for the sixth time in the past […]
Read moreOctober 19, 2020 7:47 am
After retreating more than 2% last week, AUD/USD began the new week on a stronger footing, supported by macro data showing China’s rebound from the coronavirus pandemic remained on track during the third quarter. China’s economy grew at an annualized rate of 4.9% in Q3, which fell short of market expectations of a 5.2% growth, […]
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