October 12, 2020 8:15 am
NZD/USD eased from last Friday’s 2 1/2-week high in Asian trade on Monday, as the offshore Chinese yuan depreciated following an announcement by the People’s Bank of China that the reserve requirement ratio for financial institutions for foreign exchange forwards trading would be reduced. Analysts suggest that such a move aims to achieve a lower […]
Read moreOctober 9, 2020 9:42 am
GBP/USD was holding gains from the previous two trading days on Friday, drawing support from better prospects of a Brexit deal, while investor bets that Joe Biden would win the US presidential election and his administration would offer fiscal aid afterwards rose, weighing on safe haven US Dollar. Some major banks on Wall Street project […]
Read moreOctober 9, 2020 7:15 am
AMC Entertainment Holdings Inc (AMC) said on Thursday that 14 movie theatres in the state of Washington would reopen on October 16th. This round of reopenings coupled with recently announced reopenings in California, Michigan and North Carolina, would bring the total number of AMC locations returning to business during the first three weeks of October […]
Read moreOctober 8, 2020 9:41 am
Lowe’s Companies Inc (LOW) said on Wednesday that its hourly staff would receive an extra $100 million in discretionary bonuses, as the retailer makes preparations for the active holiday season. This way Lowe’s total bonuses since the start of the pandemic would reach over $775 million, the company said. Lowe’s shares closed higher for the […]
Read moreOctober 8, 2020 7:11 am
AUD/USD extended gains from the previous trading day on Thursday as renewed hopes over some US fiscal spending supported investor risk sentiment. Reports emerged stating that US President Trump and House Speaker Nancy Pelosi were open to reaching an agreement on fiscal aid for the airline industry, regardless of that Trump had already called off […]
Read moreOctober 7, 2020 9:34 am
After recording its biggest daily loss since September 23rd on Tuesday on the back of a firmer US Dollar, Spot Gold managed to recoup part of that loss on Wednesday, rebounding from one-week lows, as economic recovery concerns re-emerged. Uncertainty surrounding the US presidential election after President Trump was diagnosed with COVID-19 is also seen […]
Read moreOctober 7, 2020 7:11 am
NZD/USD was trading in proximity to one-week lows on Wednesday, following its steepest single-day drop since September 23rd on Tuesday, as market sentiment took a hit after US President Trump’s decision to call off talks on fiscal stimulus with Democrat lawmakers. Trump, who is still under treatment for COVID-19, surprised markets on Tuesday by calling […]
Read moreOctober 6, 2020 11:33 am
Exxon Mobil Corp (XOM) revealed on Monday plans to cut its workforce in Europe by up to 1,600 across its affiliates by the end of next year as part of a global restructuring. Exxon Mobil shares closed higher for the fourth time in the past ten trading sessions in New York on Monday. The stock […]
Read moreOctober 6, 2020 9:10 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Tuesday as another tropical storm was forming in the Gulf of Mexico and posed a threat to oil facilities there, while markets were also relieved by news of US President Trump’s discharge from hospital. Yesterday WTI Crude Futures registered […]
Read moreOctober 6, 2020 7:08 am
AUD/USD erased earlier gains on Tuesday, as in spite of a softer US Dollar, the prospects of further monetary stimulus by the Reserve Bank of Australia weighed on the Aussie. The pair briefly advanced above the 0.7200 mark, after the RBA left the cash rate without change at a record low level of 0.25% at […]
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