September 24, 2020 7:01 am
AUD/USD retreated for a fifth straight trading day on Thursday, as it hit a fresh two-month low in late Asian session, pressured by prospects of further monetary policy easing in Australia, while investor risk appetite waned due to slowing business activity in the US in September and surging new COVID-19 infections in Europe. “Risk is […]
Read moreSeptember 23, 2020 11:27 am
Unifor union National President Jerry Dias said on Tuesday that Ford Motor Co (F) planned to invest CAD 1.95 billion ($1.46 billion) in its Canadian facilities in Oakville and Windsor as part of an agreement with Canadian autoworkers. According to Dias, the agreement covers a reorganization of the Oakville facility in order to manufacture 5 […]
Read moreSeptember 23, 2020 9:01 am
Futures on US West Texas Intermediate Crude Oil resumed slide on Wednesday after an industry report revealed an unexpected surge in US crude stockpiles last week. Additionally, a second wave of COVID-19 infections across Europe and the probability of another round of lockdown restrictions in Britain have added to fuel demand concerns. “A resurgence in […]
Read moreSeptember 23, 2020 7:01 am
NZD/USD continued to edge lower on Wednesday, while touching a fresh one-month low, as the US Dollar strengthened to a two-month high against major peers, while the Reserve Bank of New Zealand kept monetary policy unchanged, but indicated that interest rates might be taken below zero next year. The RBNZ kept the official cash rate […]
Read moreSeptember 22, 2020 11:50 am
Microsoft Corp (MSFT) announced on Monday plans to acquire ZeniMax Media in a cash deal valued at $7.5 billion. This is going to be the most formidable gaming acquisition Microsoft has ever made, as the software giant aims to bolster its video game catalogue in its fierce competition with Sony. ZeniMax, which is the parent […]
Read moreSeptember 22, 2020 8:00 am
AUD/USD extended losses from the prior trading day and touched a fresh one-month low on Tuesday, as the US Dollar remained firm near a six-week high, while Reserve Bank of Australia Deputy Governor Guy Debelle listed several policy options, including currency market intervention and negative interest rates, which the RBA was considering to achieve its […]
Read moreSeptember 21, 2020 10:17 am
GBP/USD extended last Friday’s losses on Monday, while touching a one-week low, as a spike in new confirmed coronavirus cases in Britain urged authorities to consider another round of lockdown restrictions. New infections in the country have risen at a daily rate of at least 6,000, while hospital admissions have doubled every eight days. “Increasingly […]
Read moreSeptember 21, 2020 8:24 am
Spot Gold was trading within a narrow range in Europe on Monday, as the US Dollar steadied after touching a 1 1/2-week low, while market players’ focus now sets on a plethora of speeches by Federal Reserve officials this week for further clues on the bank’s policy framework shift. Federal Reserve Chair Jerome Powell is […]
Read moreSeptember 18, 2020 11:36 am
Ford Motor Co (F) announced on Thursday that it had initiated production of a new generation of its F-150 pickup truck at its factory in Dearborn, Michigan. The vehicle is expected to come to market in November. Ford shares closed higher for the fifth time in the past ten trading sessions in New York on […]
Read moreSeptember 18, 2020 9:15 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior three trading days and hit a two-week high on Friday after a report by Goldman Sachs stated the oil market was in deficit. Additionally supporting prices, a new tropical depression began to develop in the western part of the Gulf of Mexico, […]
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