GBP/USD extends pullback from 1.2536 after flashing a bearish candlestick formation the previous day. Failures to cross 200-day EMA, lower high from the recent top favors the sellers. Bulls will have a bumpy road before challenging the June month top. GBP/USD extends the latest recovery moves from 1.2536 to 1.2558 during the early Asian session
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S&P and NASDAQ break a today winning streak. Dow industrial average breaks its 4 day winning streak The major indices have broken their recent winning streaks. Admittedly the NASDAQ and the S&P index is at only reason for 2 straight days, but the Dow industrial average had a 4 day winning streak snapped in trading
The head of Shell spoke in an online interview, in a nutshell said that there will be no V-shaped recovery for the global economy after the coronavirus epidemic this will curtail oil and gas demand for years to come Ben van Beurden, Chief Executive of Royal Dutch Shell: “Energy demand, and certainty mobility demand, will
Kolkata: The online gold market in India accounts for just 1-2% of overall gold sales by value in the country, but its share is expected to grow following the Covid-19 outbreak as it is witnessing a massive push from both digital players who see it as an opportunity and large jewellers who see it as
The sharp reversal in Chinese stocks is somewhat weighing on global sentiments today. European indices are generally in red while US stocks also open mildly lower. Dollar firms up mildly but upside momentum is unclear for now. Euro is also resilient after ECB stands pat as widely expected and delivers nothing astonishing. On the other
An aerial view of a construction worker roofing an apartment home on May 27, 2020 in Uniondale, New York. Al Bello | Getty Images To find a V-shaped recovery from the economic wreckage of the coronavirus pandemic, look to the nation’s single-family homebuilders. Homebuilder sentiment jumped 14 points to 72 in July, according to the
James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galici | Getty Images Morgan Stanley is set to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.12 a
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Major South Korean conglomerate Hanwha Group is cementing its involvement in the cryptocurrency industry with a new investment. Hanwha Investment & Securities, a securities brokerage subsidiary of Hanwha Group, has participated in a 4 billion won ($3.3 million) funding round in crypto firm CrossAngle. Xangle is specialized in collecting corporate disclosures for crypto Announcing the
IDEX stock gains +6.56% during trading day. Low volume for IDEX stock despite share price rising. Bargain-hunting investors may have been behind the upswing. NASDAQ:IDEX investors have seen a brief glimmer of hope today as the share price has risen for the first time in nearly a week. The stock opened $0.03 higher from its
The greenback inches slightly higher across the board This comes as US futures are hitting the lows for the day, with S&P 500 futures now down by a little over 0.8%. As such, the dollar is firming with AUD/USD falling to a low of 0.6976:For bank trade ideas, check out eFX Plus The pair failed
Twitter down by nearly 6% in pre-market trading That and the drop in Tesla are part of the reasons weighing more heavily on Nasdaq futures, as tech is on the back foot to start the day. US futures are keeping lower in general with S&P 500 futures down 0.9% while Nasdaq futures are slumping by
India’s edible oil exports rose 54 per cent to 80,765 tonne in the financial year 2019-20, on a sharp increase in shipment of groundnut oil especially to China, trade body SEA said on Thursday. In value terms, the edible oil shipments increased 52.36 per cent to Rs 955.51 crore, against 52,490 tonnes valued at Rs
GDP expanded +3.2% y/y in 2Q20, beating consensus of +2.4%. From a quarter ago, the expanded jumped+11.5%. Concerning major macroeconomic indicators in June, industrial production (IP) rose +4.8% y/y in June, in line with expectations and accelerating from +4.4% in May. Urban fixed asset investment (FAI) declined -3.1% y/y in the first half of the
A shopper walks with bags of purchases in New York. John Lamparski | SOPA Images | Getty Images Retail sales in June are expected to have gained 5.2% as the economy reopened, but sales could have trailed off towards the end of the month as the virus outbreak worsened. According to Dow Jones, economists expect
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 27 cents a share, a 64% drop from a year earlier, according to Refinitiv. Revenue: $22 billion, a 5.3%