July 29, 2020 9:14 am
Futures on US West Texas Intermediate Crude Oil rebounded on Wednesday after a report showed US crude oil inventories surprisingly dropped last week, providing some relief to oil markets amid accelerating COVID-19 pandemic across the United States and other parts of the globe. A report by the American Petroleum Institute revealed on Tuesday that US […]
Read moreJuly 29, 2020 7:07 am
GBP/USD kept steady near yesterday’s 20-week high in early European trade on Wednesday, as the US Dollar remained close to two-year lows against major peers ahead of the outcome of the Federal Reserve’s policy meeting later today. The central bank is expected to stick to a dovish policy stance amid alarming spikes in new COVID-19 […]
Read moreJuly 28, 2020 11:24 am
Tesla Inc (TSLA) is looking to hire China-based designers and nearly 1,000 factory workers in Shanghai, as the US company ramps up vehicle production in the country. The job openings were posted on Tesla human resources department’s official WeChat account. The auto maker also intends to hire 600 workers for its stamping, bodywork, painting and […]
Read moreJuly 28, 2020 9:19 am
Having advanced to a fresh record high level of $1,981.36 per troy ounce earlier on Tuesday, Spot Gold pulled back as some market players took profits, while the US Dollar rebounded from lows not seen since June 2018. “A slight reversal in the dollar could have triggered nervous longs to bail out, but there’s been […]
Read moreJuly 28, 2020 7:03 am
NZD/USD came off fresh seven-month highs on Tuesday, as the US Dollar rebounded from a two-year trough against major peers due to eased selling pressure ahead of the Federal Reserve’s two-day policy meeting and a political decision on the next US fiscal rescue plan. Despite that the Fed is expected to keep rates intact, a […]
Read moreJuly 27, 2020 11:21 am
GBP/USD extended gains from the past several trading days and touched highs not seen since mid-March on Monday, as the Sterling benefited mostly from a broadly weaker dollar amid lack of other major drivers. “It should be more of the same for GBP this week. It is a very quiet week on the UK data […]
Read moreJuly 27, 2020 9:01 am
Futures on US West Texas Intermediate Crude Oil retreated on Monday as market players trimmed positions in riskier assets amid accelerating coronavirus pandemic and deteriorating diplomatic relations between the United States and China after the closures of consulates in Houston and Chengdu. US Secretary of State Mike Pompeo once again aimed at China, as he […]
Read moreJuly 27, 2020 6:57 am
AUD/USD extended gains from the prior trading day on Monday and kept trading not far from last Wednesday’s 27-month high of 0.7182, as the US Dollar continued to retreat against major peers on bets the Federal Reserve could signal another accommodative shift in its outlook at its policy meeting on July 28th-29th. The central bank […]
Read moreJuly 24, 2020 11:30 am
AMC Entertainment Holdings Inc (AMC) said on Thursday that it would reopen its US movie theaters in August. AMC had intended to reopen movie theaters in July, weeks prior to the release of Walt Disney’s “Mulan” and Warner Bros. Entertainment Inc’s “Tenet.” However, with “Tenet” now postponed for a third time, the largest US exhibitor […]
Read moreJuly 24, 2020 9:22 am
Gold continued its advance for a sixth straight trading day on Friday, while remaining in proximity to highs last seen in September 2011 amid economic uncertainty stemming from accelerating COVID-19 pandemic and escalating tensions between China and the United States. The latest data by the Center for Systems Science and Engineering at Johns Hopkins University […]
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