Trade idea from Mitsubishi UFJ MUFG recommends selling EUR/AUD with a target of 1.5900 and a stop at 1.6700. The pair closed the week at 1.6333. “We are recommending a short EUR/USD trade idea to reflect in part the recent divergence in the spread of COVID-19 which will have implications for relative economic performance going
Blockchain payments company Rocketfuel Blockchain is suing its co-founder for allegedly misrepresenting patent applications and defrauding the firm. In a complaint filed with the Central District Court of California, Rocketfuel claimed its co-founder and former treasurer Joseph Page hid the fact that patents he transferred to the company had expired. The company is seeking damages
LONDON: Oil prices fell on Friday, erasing an earlier rise but still leaving both benchmarks on track for their biggest weekly gains since early June on the back of supply cuts caused by a storm in the Gulf of Mexico and a strike of offshore workers in Norway. Brent was down 31 cents at $43.03
Yen and Dollar ended the week as overwhelmingly the worst performing ones. Despite all the jitters regarding US President Donald Trump’s coronavirus infections, stimulus talks stalemate, major stock indices ended the week strongly higher. Yen is additionally pressured by strong rally in treasury yields too. On the other hand, Canadian Dollar was doubled boosted by
One of the biggest changes brought on by the coronavirus pandemic has been the inundation of working from home — and it doesn’t come without challenges. As an economics professor at Stanford University, I’ve talked to dozens of CEOs, senior managers and policymakers about the future of work. This has been built on my own years
The People’s Bank of China (PBOC) will slash its reserve requirement ratio (RRR) to zero for some forex exchange forwards trading, effective from Monday, the central bank said on its website this Saturday. The PBOC said: “The People’s Bank of China (PBOC) will continue to maintain flexibility in the exchange rate, stabilize market expectations, and
CFTC commitments of traders data for the week ending October 5, 2020 EUR long 174K vs 188K long last week. Longs trimmed by 14K GBP short 11K vs 13k long last week. Shorts trimmed by 2K JPY long 21K vs 25K long last week. Longs trimmed by 4K CHF long 13K vs 13K long last week.
Forex news for North American trading on October 9, 2020. Oh Canada! The US employment data was released last Friday, so Canada had all the attention to itself today when they released their jobs report for the month of September. The numbers did not disappoint. The net change in employment rose by 378.2K vs. expectations of 150K. Most of the job gains were in full-time employment with
BENGALURU/MUMBAI: Physical gold was sold at a premium in India this week for the first time since mid-August as jewellers stocked up, hoping key festivals would bring customers back to stores. Indians will celebrate Dussehra in late October and Diwali and Dhanteras in November, when buying gold is considered auspicious. “Industry is banking on festivals
Commodity currencies are the main drivers in the markets today, as Australian Dollar leads others higher. European majors, on the other hand turn weaker as led by Euro. Dollar and Yen are mixed for the moments, awaiting the next move in risk markets. Global stock markets seem to have stay in a risk-on mode, with
Senate Minority Leader Chuck Schumer, a Democrat from New York, left, listens as U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks to members of the media following a meeting at the U.S. Capitol in Washington, D.C., on Friday, Aug. 7, 2020. Stefani Reynolds | Bloomberg | Getty Images A recovery that has lived
Gold (XAU/USD) settled the past week at two-week highs of $1930.60, having recorded the second straight weekly gain. The yellow metal tracked the rally in stocks amid a broad US dollar sell-off, induced by the increased expectations of the US policymakers agreeing on a comprehensive fiscal stimulus deal. Heading into a fresh week, gold traders
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Indices close near the highs for the day The US stock markets are closed for the day. All 3 major indices close higher on the day led by the NASDAQ index. Highlights for the day include Dow’s close positive for 2020 Major indices close at the highest level since September 2 Dow enjoys its best week in
2- weeks after Super Spreader event Pres. Trump is hosting an in-person “law and order” event Saturday at the White House. The meeting would be 2-weeks to the day from the so called “super spreader” event to introduce Amy Coney Barrett as the SC nominee. I would assume there would be a better social distance
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Historians typically date the birth of international policing as we know it today to the 1800s, a response to the explosion in nationalist movements and non-governmental political radicalism in Europe. Just as new linking