September 2, 2020 9:28 am
Following three straight trading days of gains, Gold retreated on Wednesday as the US Dollar regained ground after upbeat US manufacturing data added to investor optimism over economic recovery. The US Dollar rebounded from lows unseen since April 30th 2018 against six major peers, after the latest report by the Institute for Supply Management showed […]
Read moreSeptember 2, 2020 7:01 am
NZD/USD extended gains from the prior trading day and touched a fresh 13 1/2-month high on Wednesday, after Reserve Bank of New Zealand Governor Adrian Orr said the central bank’s actions had been effective in broadly reducing interest rates. “We have been effective in lowering interest rates across the board, and ensuring there is plentiful […]
Read moreSeptember 1, 2020 11:20 am
According to a report by Reuters, citing a corporate memo, Citigroup Inc (C) has appointed Robin Rousseau as its new Vice Chairman of Investment Banking for Europe, the Middle East and Africa (EMEA). He is expected to report to Philip Drury, the head of Citigroup’s banking, capital markets and advisory business across EMEA. Citigroup shares […]
Read moreSeptember 1, 2020 9:25 am
Futures on US West Texas Intermediate Crude Oil rebounded on Tuesday, as market players were buying riskier assets and selling the US Dollar, a traditional safe haven, following a shift in policy framework introduced by the Federal Reserve Bank last week. The central bank’s policy shift to target average inflation and higher employment suggested that […]
Read moreSeptember 1, 2020 7:18 am
AUD/USD advanced for a sixth consecutive trading day and touched a fresh two-year high in early Asian session on Tuesday, as market players increased bets that the Federal Reserve’s policy framework shift would keep US interest rates at lower levels compared to rates in other countries. The Fed’s shift last week to target average inflation […]
Read moreAugust 31, 2020 11:20 am
GBP/USD surged to highs not seen in eight and a half months during early Asian trade on Monday, as the US Dollar was on track for its fourth consecutive month of decline against peers following the Federal Reserve Bank’s policy framework shift introduced last week. In a speech at the Jackson Hole virtual symposium last […]
Read moreAugust 31, 2020 9:10 am
Spot Gold traded not far from two-week highs in Europe on Monday, after a shift in the Federal Reserve’s policy framework indicated borrowing costs in the country would stay low for a longer period of time. In his speech at the Jackson Hole virtual symposium last week Federal Reserve Chair Jerome Powell said the central […]
Read moreAugust 31, 2020 7:03 am
Boeing Co (BA) said last Friday that eight 787 Dreamliners had been removed from service at several airlines, after the US company had found manufacturing issues in the fuselage section of the jets. Boeing shares closed higher for a second consecutive trading session in New York on Friday. The stock went up 0.92% ($1.60) to […]
Read moreAugust 28, 2020 11:20 am
Walmart Inc (WMT) said on Thursday that it intended to tie up with Microsoft Corp in the software giant’s bid for TikTok, owned by China’s ByteDance. The Chinese company has been discussing the potential sale of TikTok’s operations in Australia, New Zealand and North America to companies such as Microsoft and Oracle. According to Reuters, […]
Read moreAugust 28, 2020 9:24 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior trading day on Friday, as Hurricane Laura made a landfall in Louisiana and Texas, but did not cause severe damage to oil refineries in the area. On Thursday Louisiana was hit by Hurricane Laura, as its 240-kilometer-per-hour winds knocked down trees, caused […]
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