Month: August 2020

Run above the 1.1908 level fails. The EURUSD in the early European session ran above the previous highs at 1.19043 and 1.1908. The price reached 1.1916 but quickly reversed.  Buyers quickly turned to sellers. The price over the last 6 hourly bars has been shopping between a low of 1.18308 and a high of 1.18697. We currently trade between those levels
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Weekly jobless claims data Lowest since the pandemic started Prior was 1434K (revised to 1435K) Continuous claims 16107K vs 16900K PUA claims 655K vs 909K prior (lowest since the week the program was introduced) Better numbers on initial jobless claims but it’s still daunting how they’ve remained so high. For bank trade ideas, check out
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Sterling remain remains the strongest one for today, as it’s maintaining post BoE gains. Nevertheless, there is no apparent follow through buying after the initial surge. On the other hand, Dollar appears to be stabilizing mildly, and it’s receiving some support from better than expected jobless claims. Though, the key for the greenback is still
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Travelers order food in automated self-ordering kiosk at fast-food Burger King restaurant chain. Bundrul Chukrut | LightRocket | Getty Images Restaurant Brands International on Thursday reported that its quarterly revenue plunged 25% as the coronavirus pandemic weighed on same-store sales at Burger King and Tim Hortons. But Popeyes, powered by its popular chicken sandwich, reported same-store
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A recent 51% attack that impacted Ethereum Classic (ETC) is believed to have resulted in approximately $5.6 million worth of the cryptocurrency being double-spent. A report published by Aleksey Studnev of blockchain forensics firm Bitquery on August 5 has revealed the extent of the incident, with Bitquery estimating that the attacker made off with 807,260
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Pompeo has warned widely on China, and continues to do so: urges U.S. citizens to exercise increased caution with respect to travel in or to China Announced a ‘clean network’ to use tech not from China More on the clean network: Clean Carrier:  To ensure untrusted People’s Republic of China (PRC) carriers are not connected
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