A legislative order to hold China accountable for its action Hong Kong  Trump says Hong Kong’s peoples’ freedom has been taken away    HK to be now treated like mainland China  Trump adds that he holds China fully responsible for concealing the virus and unleashing it on the world.  For bank trade ideas, check out
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Gold prices inched up on Tuesday, rising above the $1,800 level, underpinned by concerns over mounting coronavirus cases globally and as many regions reintroduced curbs to restrict the outbreak. Spot gold rose 0.2% to $1,805.83 per ounce by 10:42 am EDT (1442 GMT). U.S. gold futures fell 0.2% to $1,810.20. “We are still bullish on
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U.S. consumer prices increased by the most in nearly eight years in June as businesses reopened, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the ailing economy. The Labor Department said on Tuesday its consumer price index increased 0.6% last month, the biggest gain
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Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: $1.04 per share, a 63% decline from a year earlier, according to Refinitiv. Revenue: $30.3 billion, 2.5% higher
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A new report released on Tuesday by Crystal Blockchain attempts to categorize cross-border transactions of Bitcoin based on their “country of origin,” which may have important implications for the FATF Travel Rule. The analysts used direct exchange-to-exchange transactions and their country of incorporation to categorize Bitcoin (BTC) transfers by their provenance. Despite the fact that
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EUR/USD keeps the firm note in the 1.1365/70 band on Tuesday. A move north should see the 1.14 neighbourhood revisited. EUR/USD is prolonging the rebound from Friday’s lows near 1.1250, managing well to retake last week’s tops in the 1.1370/80 band. If the buying bias picks up pace, there is increasing chances of a move
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Earnings season may kick-off with an upside surprise. National Securities’ Art Hogan is optimistic the banks’ second quarter results will come in better than expected and help lift stocks. “I don’t think expectations for bank earnings have ever been as low as they are coming into this quarter,” the firm’s chief market strategist told CNBC’s
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AUD/USD attempts recovery from 0.6938 after a three-day losing streak. Risk-positive headlines, concerning virus and Sino-US relations, recall the early-Monday optimism. Aussie NAB Numbers, Chinese Trade Balance and the US Inflation data to join risk catalysts for fresh directives. AUD/USD retraces the heavy drop from 0.6995 to 0.6938 while bouncing off to 0.6943 amid the
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