August 28, 2020 7:08 am
NZD/USD kept trading in proximity to Thursday’s three-week high in early European session on Friday, after Fed Chair Jerome Powell announced a new approach aimed at job creation and based on average inflation targeting. In his speech at the Jackson Hole virtual symposium yesterday the Federal Reserve Chairman said the central bank would aim to […]
Read moreAugust 27, 2020 11:28 am
Having reopened successfully over 100 of its theatres across the United States, AMC plans a second wave of reopenings. The company said that 170 more of its US locations would open on August 27th ahead of the release of “The New Mutants.” Once the second wave of reopenings is complete, AMC will have almost 300 […]
Read moreAugust 27, 2020 9:25 am
Spot Gold edged lower on Thursday, after recording its biggest single-day gain since August 17th on Wednesday, due to some profit-taking ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell at the annual economic policy symposium later in the day. “It was a pretty significant rally overnight on pretty limited news. The […]
Read moreAugust 27, 2020 7:07 am
AUD/USD held steady in proximity to 2020 high of 0.7276 in early European session on Thursday as Australian business investment reportedly shrank at a lesser-than-anticipated rate in the second quarter, while market players were turning their attention to Fed Chairman Jerome Powell’s speech during the annual central bankers’ virtual conference for hints over a possible […]
Read moreAugust 26, 2020 11:31 am
Having launched its news service in the United States in 2019, Facebook Inc (FB) revealed plans to introduce the feature in Germany, France, the United Kingdom, Brazil and India during the upcoming months. Facebook shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. It has also been the sharpest single-session gain […]
Read moreAugust 26, 2020 9:20 am
Having settled at a five-month high on Tuesday, futures on US West Texas Intermediate Crude Oil eased on Wednesday as disappointing US consumer confidence data added to demand concerns, limiting price gains. Both WTI Crude and Brent Oil futures rose more than 2% on Tuesday, as US producers were making preparations before Hurricane Laura hits […]
Read moreAugust 26, 2020 7:21 am
NZD/USD remained in consolidation mode during early European session on Wednesday, after the kiwi benefited from US-China trade deal commitment while the US Dollar took a hit on the back of weaker-than-expected consumer confidence data in the prior trading day. Markets were now expecting the latest report on US durable goods orders later on Wednesday […]
Read moreAugust 25, 2020 11:27 am
Blackstone Group LP (BX) announced on Monday plans to sell 40% of its stake in Cheniere Energy Inc’s limited partnership to Brookfield Infrastructure. A SEC filing by Blackstone did not state what the value of the agreement was. On the other hand, a report by Bloomberg, citing sources with knowledge of the matter, said the […]
Read moreAugust 25, 2020 9:18 am
Spot Gold extended losses from the previous trading day in Europe on Tuesday as the US Dollar held steady in proximity to recent over one-week highs, while market focus now turns to Fed Chair Jerome Powell’s speech at the Jackson Hole virtual symposium, scheduled on August 27th-28th, for further clues over US monetary policy outlook. […]
Read moreAugust 25, 2020 7:08 am
AUD/USD resumed its bullish move on Tuesday, supported by news of a successful phone call between top trade negotiators from the United States and China despite frictions between the two economic superpowers on other fronts. The US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with China’s Vice Premier Liu He, with talks […]
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