You’ll recall last week that clinical trials of the COVID-19 vaccine candidate from Oxford / AstraZeneca were paused: News now that AstraZeneca said it received notification from the UK’s Medicines Health Regulatory Authority that it was safe to resume clinical trials. While trials can now resume in the UK, elsewhere remains unclear; says AstraZeneca in a
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NEW DELHI: Chana prices have fallen by 2.3 per cent in the past 10 days after rising 23 per cent since July as the government auctioned over 3 lakh tonnes of the pulse from its stock in the open market, but analysts were divided about the outlook in the futures market.. The September contract for
Sterling’s selloff was the most decisive move last week. UK-EU negotiations seemed heading to a dead-end as UK published the so-called internal market bill, which violates part of the Brexit Withdrawal Agreement. WTO style of trade relationship after Brexit looks more likely than ever. Technical developments in Sterling pairs suggest that weakness would persist for
A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs economists said they see third quarter GDP growth tracking at 35%, driven in large part by the surprising strength of consumer spending. Goldman said its tracking
Blockchain company AnChain.AI and decentralized finance and technology provider Bluehelix plan to launch solutions addressing compliance within blockchain networks. According to reports, the two companies will roll out its Blockchain Ecosystem Intelligence, or BEI, risk engine solution. BEI is based on an API and will offer comprehensive real-time, preventive blockchain intelligence. AnChain.AI said BEI looks
Cable is lingering at session lows just below 1.2800 currently GBP/USD is down to a session low of 1.2785 as the pound is struggling to for respite amid the ongoing Brexit uncertainty seen throughout the week. The pair is sitting lower despite the fact that the dollar is seen weaker for the most part against
Gold is in the middle of a downtrend as far as the RSI is concerned. XAU/USD has the potential breakout to highs above 2,000. The world’s precious metal has been trading a lower high and a lower low pattern for the past two days. A descending trendline continues to limit the upside. This week’s barrier
Forex news for North American trading on September 11, 2020: Markets: S&P 500 up 2 points to 3340 US 10-yaer yields down 1 bps to 0.67% Gold down $4 to $1941 WTI crude oil up 2 cents to $37.31 AUD leads, GBP lags The CPI report was largely driven by a jump in used car
MUMBAI/BENGALURU: Physical gold dealers in India were forced to offer discounts for a fourth straight week as bullion remained unattractive for most retail consumers. In India, the second-biggest buyer after China, demand took a further hit due to the strt of ‘Shradh‘, a two-week period considered inauspicious to buy gold and other assets. Local gold
ECB left all the monetary policy measures unchanged in September. The staff upgraded the near-term growth outlook, as well as core inflation forecasts for 2021 and 2022, suggesting the central bank’s optimism over the recovery. Policymakers continued to stress that risks to growth remain skewed to the downside and pledge to “adjust all of its
Former Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit. “My overall view is that the inflation outlook is unfortunately negative and that’s essentially the result of entitlements crowding out private investment and productivity growth,” Greenspan said in an interview Thursday on CNBC’s “Squawk on
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AUD/JPY didn’t make a significant move and USD/MXN keeps breaking down It was a whirlwind week but if you take a step back, there were really three themes: Tech stock weakness, a drop in sterling and oil softness. You can strip all those things out as idosyncratic factors and then you’re left looking at something
EUR/USD has pushed up 0.21% on Friday and is flat for the week. The price has now moved back to the middle of the weekly range. EUR/USD fundamentals EUR/USD has had an interesting week, to say the least. There have been Brexit woes to deal with but the pair managed to hold up after the
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Gold prices dipped on Friday after the European Central Bank stopped short of offering any concrete signals on further stimulus, but lingering economic uncertainties kept the metal on track for a weekly rise. Spot gold eased 0.3% at $1,948.80 per ounce by 10:56 a.m. EDT (1456 GMT), prices were up 0.8% so far this week.