EUR/GBP dives to eight-week lows below 0.9000. A dovish ECB and COVID-19 have sent the euro 0.8% lower this week. The pair is testing an important support level at 0.9000. The euro has extended its decline from week-highs near 0.9100, reaching levels sub-0.9000 for the first time in almost two months. The increase of COVID-19 cases in
Dollar keeps steadier after its advance in trading yesterday Besides USD/JPY, all other dollar pairs are keeping within 0.1% changes as we get things going on the session, reflecting a more tepid mood despite the push lower in stocks. In the case of USD/JPY, the pair continues to be largely dragged between 104.00 to 104.50
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NEW DELHI: Gold and silver futures gained marginally in morning trade on Friday even as the yellow metal wallowed near one-month low in international markets amid firm US dollar. Meanwhile, President Donald Trump‘s chief economic adviser said on Thursday that any deal on coronavirus relief legislation would have to wait for now. Gold futures on
Forex markets are staying in relatively tight range on mixed market sentiments. Asian indices turn lower despite a weak recovery in US markets overnight. For the week, Yen and Dollar are still the strongest ones. Euro is the weakest one after ECB indicated some policy recalibration in December. Canadian Dollar is the second weakest on
Coming off the worst quarter in history, the U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together. Third-quarter gross domestic product, a measure of the total goods and services produced in the July-to-September period, expanded at a 33.1%
Apple CEO Tim Cook reveals the new iPhone 12. Source Apple is set to report its fiscal fourth quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: EPS: $0.70 Revenue: $63.7 billion iPhone revenue: $27.93 billion Services revenue: $14.08 billion Other products revenue: $7.40 billion Mac
AUD/USD met with some fresh supply and has now turned lower for the third straight day. A steep decline in the US equity futures drove flows away from the perceived riskier aussie. A subdued USD price action warrants some caution before placing aggressive bearish bets. The AUD/USD pair quickly retreated around 35-40 pips from the
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Rebound in crude, lead to some profit taking The USDCAD moved above its 100 day MA at 1.3331 earlier today (after testing and backing off on the first look). The move above was the first time since June 2020. The high price reached 1.3389, but as crude oil bottomed and started to move back higher,
Forex news from the European trading session – 29 October 2020 Headlines: Markets: JPY leads, EUR lags on the day European equities lower; E-minis up 0.1% US 10-year yields up 0.3 bps to 0.774% Gold down 0.1% to $1,876.00 WTI down 4.1% to $35.87 Bitcoin down 0.5% to $13,142 It was a largely quiet session
New Delhi: Gold prices fell Rs 121 to Rs 50,630 per 10 gram in the national capital on Thursday, according to HDFC Securities. The precious metal had closed at Rs 50,751 per 10 gram in the previous trade. Silver prices also declined Rs 1,277 to Rs 60,098 per kilogram from Rs 61,375 per kilogram in
The forex markets are rather steady in Asian session today, after the sharp moves overnight. Asian stocks are rather immune from the mini crash in the US. Still, for the week, Yen and Dollar are currently the strongest ones on risk aversion. Canadian Dollar is the worst performing, suffering from additional drag by oil prices.
A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images Third quarter GDP is expected to grow at a sharp double digit pace, but the economy is still behind where it was earlier in the year and may
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images Earnings hopes wilt as fresh Covid outbreak throws 2021 reopening in doubt. That’s the story of earnings season so far. It’s the one word investors didn’t want to hear: lockdown. Never mind