August 7, 2020 11:48 am
According to an announcement by a Facebook representative on Thursday, company employees will be allowed to work from their homes until July 2021 because of the COVID-19 pandemic. With this decision the social media giant followed an example by other large tech companies such as Google, which has allowed its staff to work remotely until […]
Read moreAugust 7, 2020 9:23 am
Spot Gold registered a new all-time high on Friday, as the US Dollar remained near lows unseen in over 2 years, while investor concerns over the global economic impact from the spreading coronavirus continued to support demand for the safe haven metal. The latest data by the Center for Systems Science and Engineering at Johns […]
Read moreAugust 7, 2020 7:02 am
After a three-day streak of gains, NZD/USD took a breather on Friday, as the US Dollar bounced off a more than two-year low against a basket of six major peers after US President Donald Trump moved to prohibit transactions with two China-based corporate entities that own popular mobile applications TikTok and WeChat. Market players are […]
Read moreAugust 6, 2020 11:01 am
GBP/USD extended gains from the prior trading day and hit a fresh five-month high during mid-European session on Thursday, after Bank of England revealed a less pessimistic outlook about UK’s pandemic-ravaged economy. After an unanimous vote, BoE’s Monetary Policy Committee left the key bank rate at a record low level of 0.10% at its meeting […]
Read moreAugust 6, 2020 9:26 am
After a four-day streak of gains, futures on US West Texas Intermediate Crude Oil eased from Wednesday’s five-month high on Thursday, as fuel demand-related concerns offset a larger-than-expected drop in US crude oil inventories. A report by the US Energy Information Administration showed on Wednesday that crude oil stocks had decreased by 7.373 million barrels […]
Read moreAugust 6, 2020 7:11 am
AUD/USD was gaining ground for a third straight trading day on Thursday, while being not far from Wednesday’s 18-month high, as investor concerns that economic recovery in the US may lag other countries due to rising new COVID-19 infections continued to pressure the greenback. Markets now await the official US job figures from the Labor […]
Read moreAugust 5, 2020 9:23 am
Spot Gold continued to rally and registered a fresh record high during early European trade on Wednesday, supported by US Dollar’s weakness and prospects of additional stimulus measures to stimulate economic recovery. The US Dollar lost ground against major peers as the stalemate over US fiscal policy brought forth a speculation that the Federal Reserve […]
Read moreAugust 5, 2020 7:02 am
GBP/USD edged up during early European session on Wednesday, while trading just below the 1.3100 mark ahead of UK and US macro data sets later today and Bank of England’s policy decision tomorrow. The US Dollar weakened against a basket of six major peers as the stalemate over US fiscal policy brought forth a speculation […]
Read moreAugust 4, 2020 9:27 am
Futures on US West Texas Intermediate Crude Oil retreated on Tuesday following their rally a day earlier, as a new wave of COVID-19 infections and potentially tighter lockdowns in some parts of the globe added to market concerns that a pickup in fuel demand could stall. Yesterday WTI Crude Futures soared over 2% and Brent […]
Read moreAugust 4, 2020 7:18 am
Having dropped to one-week lows on Monday, AUD/USD was edging higher on Tuesday after the Reserve Bank of Australia (RBA) left policy unchanged. Market players are also looking for clarity over the US coronavirus relief plan as political negotiations continue. “We’re still in a situation where the market wants to believe the recovery is on […]
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