An employee moves a pizza to an oven at a Domino’s Pizza Inc. restaurant in Chantilly, Virginia. Andrew Harrer | Bloomberg | Getty Images Domino’s Pizza on Thursday reported that its quarterly U.S. same-store sales soared 16.1% as more consumers ordered pizza delivery and takeout during the coronavirus pandemic. Shares were down 1.5% in morning
Month: July 2020
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Cloudflare, a major company responsible for running an array of functions for websites across the internet, suffered downtime on July 17, affecting a large number of websites’ functionality. The downtime ultimately caused a drop in Bitcoin (BTC) transactions. “The Cloudflare DNS [Domain Name System] outage can be seen reflected in the rate of Bitcoin transactions
XAU/USD extended its rally and closed sixth straight week higher. Strong support for gold seems to have formed near $1,800. Pair could stage a technical correction before pushing higher. The troy ounce of the precious metal gained $11 last week and registered its highest weekly close since September 2011 at $1,810. Moreover, the XAU/USD pair
CFTC Commitments of Traders: EUR shorts increased. Coming Up! Title text for next article LON +1 SDNY+10 NY -4 TYO +9 GMT Technical Analysis Weekly FX speculative positioning data from the CFTC EUR long 111K vs 104K long last week. Longs increased by 7K GBP short 14K vs 16K short last week. Shorts trimmed by
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
BENGALURU/MUMBAI: Physical bullion remained out of favour this week among consumers in top hubs China and India in the grip of the coronavirus, while investors in Singapore and Japan bought gold and silver to safely park their wealth. Discounts in top buyer China deepened to $30-$25 an ounce versus global benchmark prices, from $20-$25 last
ECB at the July meeting maintained all the monetary policy measures unchanged. President Christine Lagarde acknowledged the encouraging economic recovery in May and June. She also suggested that the rebound will continue into 3Q20, as supported by monetary and fiscal stimulus. Yet, Lagarde also warned of the high uncertainty ahead. On the monetary policy, ECB
U.S. retail sales increased more than expected in June, but the budding economic recovery is being threatened by a resurgence in new Covid-19 infections and high unemployment. The Commerce Department said on Thursday retail sales rose 7.5% last month. That was on top of the 18.2% jump in May, which was the biggest gain since
Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters Johnson & Johnson’s second-quarter profit slid 35% from the same time last year as the coronavirus pandemic forced hospitals to postpone elective surgeries, hitting the company’s medical device business hard. This is a developing story. Please check back for
Bitcoin’s (BTC) consistent failure to break the $9,400 level over the past three weeks has led to some analysts becoming skeptical about the chance of a positive breakout. Although the $9,000 support has been holding strong for the past 50 days, any slightly negative indicator tends to get more attention from media and pundits. Recently,
Equities finish the week strong and push higher on Friday. The VIX also dipped and dropped 8.29% on the session. S&P 500 weekly chart It has been a positive week for stocks as vaccine stories dominate the headlines over the week. The bullishness comes despite the US coronavirus cases hitting record levels. Interestingly the tech
Dow industrial average down for the 2nd consecutive day The major US stock indices are ending the session with mixed results. The gains were led by the S&P index. The Dow industrial average fell for the 2nd consecutive day. The S&P index close week just below the year end closing level of 3230.78. It is still
Forex news for NY trading on July 17, 2020 In other markets: Spot gold is closing the week above the $1800 in what was an up and down week for the precious metal. The high for the week was on Wednesday at $1814.90. The low for the week was on Tueday at $1790.79. The price
NEW YORK: Oil prices were broadly stable on Friday in early U.S. trading, as expectations of more economic stimulus programmes balanced concerns about the recovery in fuel demand as coronavirus cases surge and major crude-producing nations ready increases in output. Brent crude futures fell 15 cents to $43.22 a barrel by 12:10 EDT (1610 GMT).
Euro and Swiss Franc rise broadly today but upside is so far limited. Traders are still cautiously awaiting EU leaders’s decision on the EUR 750B recovery fund. On the other hand, Sterling suffers notable selling for today, thanks to selling in cross against Euro. Canadian Dollar is following as the second weakest and then Dollar.
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