September 14, 2020 9:04 am
Futures on US West Texas Intermediate Crude Oil edged lower on Monday as concerns over rising global supply and weakening fuel demand overshadowed reports of oil drillers evacuating facilities and shutting down production in the Gulf of Mexico as another tropical storm was heading towards the area. News of oil production being shut down usually […]
Read moreSeptember 14, 2020 7:05 am
After recording the biggest weekly loss since early August last week, NZD/USD started the new week on a stronger footing, as it tracked gains across stock exchanges in Asia. Japan’s Nikkei 225 added 0.68% at the close, Hang Seng was gaining 0.65%, Australia’s ASX – 0.52%, while Shanghai Composite was up 0.05%. The US Dollar […]
Read moreSeptember 11, 2020 11:51 am
Tesla Inc managers demonstrated a new charge system in the EUREF campus in Berlin, Germany, on Thursday and announced that the company was exploring more target cities where the new equipment may be introduced. A spokesperson for Tesla said that the US electric car maker was planning to open at least one more inner-city fast […]
Read moreSeptember 11, 2020 9:48 am
Spot Gold eased from Thursday’s one-week high of $1,966.57 and traded within a tight range on Friday, as the US Dollar remained not far from its one-month peak supported by a tech stock rout this week. “A rebound in the U.S. dollar index sent gold prices lower following the European Central Bank’s neutral tone last […]
Read moreSeptember 11, 2020 6:53 am
AUD/USD edged higher on Friday, but looked set for a flat weekly performance, as investor risk sentiment took a hit, sending equities lower and supporting the US Dollar. Volatility returned to equity markets and some notable wobbles were observed in tech stocks, as market players reassessed their high valuations amid an environment marked by sluggish […]
Read moreSeptember 10, 2020 11:39 am
Following a whipsaw move on Wednesday, GBP/USD remained relatively stable near the 1.3000 mark during late European session on Thursday, as market players were assessing if a newly proposed bill by Britain to undercut the Brexit divorce treaty would prompt the EU to suspend negotiations. On Wednesday the major pair slid to 1.2885, its weakest […]
Read moreSeptember 10, 2020 10:03 am
After surging more than 3% on Wednesday, futures on US West Texas Intermediate Crude Oil resumed their slide on Thursday after an unexpected rise in US crude oil stockpiles during the past week. An industry report by the American Petroleum Institute showed yesterday that US crude oil stocks had increased by 2.9 million barrels during […]
Read moreSeptember 10, 2020 8:20 am
According to a report by the Financial Times, citing a source with knowledge of the matter, several J.P. Morgan Chase employees were fired on allegations they had violated the bank’s code of conduct by misusing funds that were meant to aid businesses to overcome the negative effects of the coronavirus pandemic. Those persons fraudulently got […]
Read moreSeptember 9, 2020 11:22 am
Tesla Inc (TSLA) lost almost $80 billion of its market capitalization on Tuesday, after it was surprisingly excluded from the S&P 500 index. The amount lost exceeded the combined market value of General Motors Co and Ford Motor Co. Market players and Wall Street analysts largely anticipated Tesla to be included in the S&P 500 […]
Read moreSeptember 9, 2020 8:55 am
Spot Gold was stuck within a tight trading range in Europe on Wednesday, as the US Dollar remained firm near a fresh one-month high against a basket of major peers, while market players awaited policy decisions by Bank of Canada and the European Central Bank later in the week. “Traders in Asia will adopt a […]
Read more
