May 20, 2020 9:31 am
Gold continued its recovery from recent lows on Wednesday, as market sentiment once again went into a risk-off mode. Tuesday’s investor optimism cooled off after medical website Stat News reported that early data on Moderna Inc’s experimental COVID-19 vaccine was not sufficient to determine if the vaccine itself was effective. Moderna announced earlier this week […]
Read moreMay 20, 2020 7:03 am
EUR/GBP was on its way up for a retest of the seven-week high from May 18th during early European trade on Wednesday, after UK’s Office for National Statistics said annual consumer price inflation in the country had decelerated to its lowest level since August 2016. The general Consumer Price Index increased 0.8% in April from […]
Read moreMay 19, 2020 11:10 am
After advancing to a fresh multi-day high in early European trade on Tuesday on the back of improved risk appetite, GBP/USD gave back certain portion of gains later in the session, as downside risks such as the possibility of negative interest rates continued to pressure the Sterling. In a London School of Economics webinar late […]
Read moreMay 19, 2020 8:45 am
Having touched a 91-month high on Monday, Gold prices on Tuesday remained under some pressure, stemming from improved investor risk appetite following news of promising COVID-19 experimental vaccine results in Moderna Inc’s (MRNA) early-stage trial. However, the downside may be limited because of renewed trade frictions between Beijing and Washington and a wave of stimulus […]
Read moreMay 19, 2020 7:07 am
EUR/GBP came off recent seven-week highs during early European trade on Tuesday, following the latest string of employment data released from the United Kingdom. The Office for National Statistics said that the number of people who filed for unemployment benefits rose by 856,500 to 2.097 million in April due to the coronavirus pandemic, or the […]
Read moreMay 18, 2020 9:39 am
Gold prices registered a fresh 91-month peak on Monday, as market sentiment was still affected by bleak US macro data from last week, which highlighted to what extent the world’s largest economy had been impacted by the COVID-19 pandemic. Friday’s data showed US retail sales had plummeted 16.4% in April from a month ago, or […]
Read moreMay 18, 2020 7:07 am
EUR/GBP remained in proximity to Friday’s seven-week high of 0.8959 during early European trade on Monday, as the prospect of negative interest rates still weighed on the Sterling. Such a move was not ruled out by Bank of England’s chief economist Andy Haldane. As of 7:06 GMT on Monday EUR/GBP was gaining 0.05% to trade […]
Read moreMay 14, 2020 9:44 am
While presently testing four different coronavirus vaccine variations, Pfizer Inc (PFE) intends to expand human trials of its experimental COVID-19 vaccine to thousands of test patients by September. Last week the drug maker injected doses of its potential BNT162 vaccine into the first human participants in the United States. Pfizer said it expected to test […]
Read moreMay 14, 2020 6:56 am
Amazon.com Inc (AMZN) said earlier this week that its 6 warehouses in France would remain closed until May 18th. The warehouses have been closed since April 16th after Amazon was ordered to restrain deliveries during the COVID-19 pandemic. Amazon shares closed higher for the eighth time in the past ten trading sessions on NASDAQ on […]
Read moreMay 13, 2020 8:24 am
Hyatt Hotels Corp (H) said earlier this week that it would lay off 1 300 of its employees across the globe in an attempt to handle the COVID-19 crisis, which has crippled international travel. Shares of Hyatt Hotels Corp closed lower for a second consecutive trading session in New York on Tuesday. It has also […]
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