August 21, 2020 11:31 am
American Airlines Group Inc (AAL) announced on Thursday that it intended to cancel flights to 15 airports across the United States in October amid weak demand for air travel. Starting on October 7th, the air carrier will suspend flights to: – Williamsport, Pennsylvania – Stillwater, Oklahoma – Springfield, Illinois – Sioux City, Iowa – Roswell, […]
Read moreAugust 21, 2020 9:33 am
Spot Gold erased part of Thursday’s gains, but remained supported above the $1,920 mark in Europe on Friday. Still, the commodity was poised for a second straight week of decline, as the US Dollar pared earlier losses. Yesterday the precious metal rose almost 1%, as the dollar and US bond yields dropped after an unexpected […]
Read moreAugust 21, 2020 6:58 am
AUD/USD extended gains from the prior trading day and remained not far from 18 1/2-month highs on Friday, as the US Dollar softened against a basket of six major peers after an unexpected rise in US jobless claims and a drop in US bond yields. The number of American citizens filing for unemployment assistance unexpectedly […]
Read moreAugust 20, 2020 11:22 am
General Electric Company (GE) said on Wednesday that two new power deals had been signed with Iraq’s Ministry of Electricity. GE Gas Power has inked a $500 million agreement aimed to “undertake critical upgrade, maintenance and service of several power plants that will improve efficiency and help maintain over 6,000 MW of electricity.” Meanwhile, GE […]
Read moreAugust 20, 2020 9:17 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday on demand recovery risks stemming from a prolonged COVID-19 crisis and a lower-than-anticipated drop in US crude oil inventories. A report by the US Energy Information Administration showed on Wednesday that crude oil stocks had decreased by 1.632 million barrels during the week ended […]
Read moreAugust 20, 2020 6:45 am
New Zealand Dollar registered its biggest single-day drop against its US counterpart since August 7th on Wednesday after the Minutes from the Federal Reserve’s July meeting provided little clues over whether a more dovish policy shift can be observed in September. NZD/USD remained mostly flat in early European session on Thursday. Many have speculated that […]
Read moreAugust 19, 2020 11:23 am
Home Depot Inc’s (HD) comparable sales, reported on Tuesday, rose at the sharpest rate in at least two decades during the second quarter, supported by strong demand for home improvement supplies as consumers remained at home because of the coronavirus pandemic. Home Depot shares closed lower for the third time in the past ten trading […]
Read moreAugust 19, 2020 9:23 am
Having touched a fresh one-week high on Tuesday, Spot Gold eased back below the $2,000 mark on Wednesday as the US Dollar steadied near lows last seen in early May 2018 ahead of the release of the latest FOMC Minutes. “Gold is down as the U.S. dollar strengthened slightly this morning. In the short term, […]
Read moreAugust 19, 2020 7:07 am
AUD/USD extended gains from the prior three trading days and remained close to yesterday’s 18 1/2-month highs on Wednesday amid continuing political wrangling over the next US coronavirus aid bill, as market players awaited the Minutes from the Federal Reserve’s most recent meeting for further clues over policy. Speculation has emerged that an average inflation […]
Read moreAugust 18, 2020 11:18 am
According to an announcement by Boeing Co (BA) on Monday, company employees will be offered a voluntary layoff package with pay and benefits for the second time in 2020 amid reduced global demand for air travel due to the coronavirus pandemic. The package is to be offered to persons employed in Boeing’s commercial airplanes and […]
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