Having failed to cross the short-term key hurdle around $2,000, gold (XAU/USD) prints mild losses near $1,990 heading into Tuesday’s Asian session. That said, the bright metal rose to the highest levels since last seen during late 2020 the previous day before retreating from $2,002. While the supply-crunch fearsRead More →
AUD/USD advances in the session, despite rising US T- bond yields. The US dollar weakens, weighed on by a slower rise in Q3 GDP. US Initial Jobless Claims rose to 281K, less than the 290K expected, improving for the third consecutive week. The AUD/USD edges higher during the NewRead More →
© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar was firmly pinned at a one-week low on Tuesday as an overnight slide in U.S. Treasury yields raised doubts on the outlook for the greenbackRead More →
© Reuters. FILE PHOTO: A U.S. Dollar banknote By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar held firm at a four-week high against its rivals on Monday as an undercurrent of risk aversion swept through currency markets in the backdrop of weak U.S. economic data, knocking the AustralianRead More →
© Reuters. By Yasin Ebrahim Investing.com – The dollar was flat Tuesday as Federal Reserve chairman Jerome Powell reiterated the central bank was in no hurry to stop supporting the economy and warned a slower recovery would keep rates lower for longer. The , which measures the greenback’s strength against aRead More →
EUR/USD traded directionless above the 1.18 handle on Tuesday. Next up will be EMU’s flash Q2 GDP data and employment changes. After the holiday on Monday, the US markets will resume normal activity. The single currency trades cautiously and holds. EUR/USD. It was above the 1.18 level at theRead More →
EUR/USD bears waiting to pounce with bearish H&S in the making. USD volatility seeking a convincing break to the upside as US yields firm and FX intrinsic values are finally measured. EUR/USD is currently trading at 1.1817 and between a 1.1777 and 1.1864 range while recently pulling back fromRead More →
© Reuters. By Yasin Ebrahim Investing.com – The Dow swung between gains and losses on Thursday, as hopes the labor market had turned corner were thrown into doubt following mixed economic data. But that did little to cool reopening optimism as cyclical stocks held firm. The fell 0.26%, or 67Read More →
German stocks had a slippery hold on record territory Wednesday, as equities across Europe struggled to make gains amid lingering concerns over the spread of China’s coronavirus. The German DAX 30 index DAX, -0.01% pushed into record territory earlier in the day, rising to a high of 13,640.06, before turningRead More →
© Reuters. Investing.com – Stocks pulled back slightly Monday after concerns emerged that the U.S.-China trade deal announced Friday might not be as solid as first thought. President Donald Trump announced a “very substantial phase one” agreement, but nothing was in writing yet. Bloomberg News reported Monday there are stillRead More →
© Reuters. An anti-government protester throws a rock to the entrance of a metro station, in Hong Kong HONG KONG (Reuters) – Hong Kong struggled to recover on Monday, with the metro only partially functioning and infrastructure extensively damaged, after scores of protesters were arrested in violent clashes overnight thatRead More →
When corners of the financial markets that are typically considered mundane draw outsize attention on Wall Street, it is always cause for investor concern. That was the case last week when surging overnight borrowing costs laid bare cracks in a key Wall Street funding mechanism, which left many scrambling forRead More →
© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York By Stephen Culp NEW YORK (Reuters) – Wall Street seesawed from red to black and back on Thursday as recessionary fears and simmering U.S.-China trade tensions offset upbeat retail sales data. All threeRead More →
© Reuters. Mylan stock boost follows long share struggles for company, generics industry By Lewis Krauskopf NEW YORK (Reuters) – Shares of Mylan NV (O:) surged on Monday after the generic drugmaker agreed to combine with Pfizer Inc’s (N:) off-patent branded drugs business. But in the bigger picture, the surgeRead More →
© Reuters. Children who have been incarcerated by Homeland Security are housed in tents in Homestead By Susan Cornwell and Imani Moise WASHINGTON/NEW YORK (Reuters) – Congress and the White House were attempting to broker a deal over how to spend emergency aid to address the migrant surge as lawmakers,Read More →
Dow flirting with its closing record as shares of Boeing and Goldman rise Trump plans new sanctions on Iran Casino operator Caesars Entertainment agrees to $8.6 billion buyout by Eldorado Stock benchmarks on Monday attempted to gain altitude, extending last week’s sharp gains, as investors look ahead to a meetingRead More →
