September 9, 2020 7:11 am
NZD/USD extended a pullback from 2020 high of 0.6789 and touched lows not seen in two weeks on Wednesday as the Reserve Bank of New Zealand is “actively preparing a package of additional monetary policy tools to support the economy if required.” The most recent statement by RBNZ Governor Adrian Orr hinted that the central […]
Read moreSeptember 8, 2020 11:23 am
The Hongguang MINI EV, a compact electric vehicle produced by General Motors Co’s joint venture in China, has become the most sold EV model in the country. According to industry data, 15,000 Hongguang MINI EVs were sold in August compared with 11,800 Tesla Model 3 sedans. The China Passenger Car Association, which has a different […]
Read moreSeptember 8, 2020 9:20 am
Futures on US West Texas Intermediate Crude Oil retreated to a fresh ten-week low on Tuesday, as fuel demand concerns mounted with US summer driving season coming to an end. Additionally, a spike in confirmed COVID-19 cases in 22 out of 50 US states during the US Labor Day weekend added to demand fears. The […]
Read moreSeptember 8, 2020 7:30 am
AUD/USD regained ground on Tuesday and tested the 0.7300 mark in early European session, as risk appetite seemed to have returned to Asian stock markets, while the US Dollar held steady against a basket of major peers ahead of the highly anticipated European Central Bank’s policy decision, scheduled on Thursday. The central bank is expected […]
Read moreSeptember 7, 2020 8:14 am
Amazon.com Inc (AMZN) said on Friday that it intended to add 10,000 additional jobs in Bellevue, Washington during the upcoming few years. Amazon shares closed lower for a second consecutive trading session on NASDAQ on Friday. The stock went down 2.18% ($73.38) to $3,294.62, after touching an intraday low at $3,111.13, or a price level […]
Read moreSeptember 4, 2020 9:23 am
Spot Gold edged higher on Friday, following two straight days of losses, as the precious metal benefited from lower US bond yields and a sell-off in equities prior to the release of key US jobs data later in the day. The yield on US 10-year government bonds was set to record the steepest weekly slump […]
Read moreSeptember 4, 2020 7:03 am
NZD/USD continued pulling back from recent 13 1/2-month highs on Friday, after Reserve Bank of New Zealand warned of a “severe and long-lasting” economic impact from the coronavirus pandemic, while markets are now expecting the key US Non-Farm Payrolls report later in the day for clues over strength of US economic recovery. RBNZ Governor Adrian […]
Read moreSeptember 3, 2020 11:25 am
Ford Motor Co (F) announced on Wednesday that it intends to cut 1,400 salaried jobs in the United States by the end of 2020 as part of $11 billion restructuring initiative. The US company said it would offer voluntary buyouts to workers who are eligible for retirement. Ford shares closed higher for a second consecutive […]
Read moreSeptember 3, 2020 9:10 am
Futures on US West Texas Intermediate Crude Oil extended losses from the previous trading day and hit lows unseen in a month on Thursday due to concerns over weakening gasoline demand in the United States, even as crude oil stocks registered a sharp drop. A report by the US Energy Information Administration (EIA) showed on […]
Read moreSeptember 3, 2020 7:09 am
AUD/USD extended losses from the prior trading day and registered a one-week low on Thursday, as downbeat Australian services activity and trade data added to pressure, while the US Dollar continued its rebound against major peers. The latest report by Markit/Commonwealth Bank showed activity in Australia’s sector of services had contracted in August following two […]
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