August 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 […]
Read moreAugust 18, 2020 9:10 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Tuesday after the Organization of the Petroleum Exporting Countries and allies, collectively known as OPEC+, said members were almost entirely complying with production cuts in support of oil market as fuel demand remains subdued due to the pandemic. OPEC+ […]
Read moreAugust 18, 2020 7:23 am
NZD/USD resumed slide on Tuesday, as the kiwi dollar remained under pressure amid continuing lockdown restrictions in Auckland and expectations of further monetary easing by Reserve Bank of New Zealand in the future. The New Zealand Dollar retreated despite broad weakness of its US counterpart. The US Dollar weakened against a basket of six major […]
Read moreAugust 17, 2020 11:17 am
GBP/USD extended gains from the prior two trading days and was holding above the 1.3100 mark during late European session on Monday, after weekly CFTC futures data showed investors’ net short speculative position on the Sterling had shrunk for a second straight week. The CFTC reported that speculators’ net short position on the British currency […]
Read moreAugust 17, 2020 9:26 am
Spot Gold started the new week on a stronger footing in Europe as the latest macro data from Japan and the United States added to prospects of a sluggish economic recovery. Still, a slight improvement in investor risk appetite due to signs of easing US-China tensions could limit upside for the yellow metal. An official […]
Read moreAugust 17, 2020 7:07 am
AUD/USD extended gains from the prior trading day and hit a fresh one-week high during early Asian session on Monday on investor relief following a delay in the review of the “Phase One” trade deal between the United States and China, which left the agreement intact. “That’s good news in the sense that it’s something […]
Read moreAugust 14, 2020 9:30 am
Futures on US West Texas Intermediate Crude Oil fell on Friday, but were still headed for a second weekly gain after the latest government data showed US crude oil stocks had dropped more than anticipated last week. On the other hand, two prominent forecasters cut their 2020 oil demand projections, which pared weekly gains for […]
Read moreAugust 14, 2020 7:15 am
NZD/USD extended losses from the prior trading day on Friday and was set to register its third straight week of decline, as a combination of dovish RBNZ policy stance and COVID-19 resurgence in New Zealand mounted pressure on the kiwi dollar. Reserve Bank of New Zealand expanded its Large Scale Asset Purchase (LSAP) programme from […]
Read moreAugust 13, 2020 11:21 am
Chevron Corp (CVX) said on Wednesday that it intended to invest in Zap Energy Inc, a nuclear fusion start-up company. However, the oil giant did not disclose the size of its investment. This way Chevron followed the example of Italy’s ENI and Norway’s Equinor, which have also supported nuclear fusion start-ups in an attempt to […]
Read moreAugust 13, 2020 9:15 am
Spot Gold rebounded on Thursday and maintained ground above the $1,900 mark, as US 10-Year Bond yields eased from one-month highs, thus, lowering the opportunity cost of holding the yellow metal, while the US Dollar weakened against major peers due to continuing political stalemate in the United States over coronavirus aid. The impasse is obstructing […]
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