Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Federal Reserve is expected to again promise to do whatever it takes to fix the economy at the same
General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks. GM General Motors is set to report its second-quarter earnings before the bell on Wednesday as the automaker attempts to recover from the coronavirus pandemic that’s shuttered factories
United States-based TradeStation, a subsidiary of Japanese firm Monex Group, is planning to launch a crypto lending service. The plan was announced in Monex’s earning report published on July 29. Called “Crypto Earn” the new lending service is “C2B2B” that lends institutions borrowed assets from clients. Last November, TradeStation launched a cryptocurrency brokerage platform via
A soft ending to the stock day The US stocks are ending the day just off the lows for the day. The NASDAQ index by the way with a -1.27% decline. The final numbers are showing: S&P index -20.97 points or -0.61% at 3218.44. NASDAQ index fell -134.17 points or -1.27% at 10402.09 Dow industrial average fell
GBPUSD eases from 1.252, the highest since early-March, towards 1.2900. Overbought RSI conditions, resistance line of a bullish chart pattern favor the Cable’s further weakness. 200-bar SMA adds to the support, 1.3000 becomes the key for the further upside. GBP/USD recedes to 1.2925 during Wednesday’s Asian session. The pair refreshed the highest since March 13
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Gold gained on Tuesday ahead of a US Federal Reserve policy meeting which is expected to provide more monetary stimulus to support the coronavirus-hit economy, though bullion pulled back from an all-time high reached earlier. As of 11:10 a.m EDT (1510 GMT), spot gold was up by 0.3% at $1,947.51 per ounce, while US gold
Yen rises generally today, together with Swiss Franc, in rather subdued consolidative markets. Stocks are trading mildly lower but there is hardly any following selloff for now. Much volatility is seen in Gold and Silver, while retreat notably after initial spike. But both are contained above near term support level so far. Back in the
The Federal Reserve said Tuesday it is extending its menu of lending programs to businesses, governments and individuals to the end of 2020. Originally set to expire Sept. 30, the myriad facilities, stretching from credit to small businesses up to the purchase of junk bonds now will stretch to Dec. 31. The Fed began rolling
Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD shares rose as much as 10% in extended trading on Tuesday after the company upgraded its revenue guidance for the current year as part of its second-quarter earnings results. Here’s how the company did: Earnings: 13 cents per share, adjusted, vs. 16 cents per share as
Bitcoin (BTC) price finally woke up and surged to a new 2020 high but as the markets surged past $10,000, some traders seem to have opened excessively leveraged long positions. This effect became more noticeable as the funding rate for perpetual contracts reached the second-highest level this year at 12.4% per month. Funding alone shouldn’t
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The USD is rebounding modestly today As North American traders enter for the day, the JPY is the strongest, the NZD is the weakest. The USD is rebounding modestly after trading to the lowest level since June 2018 yesterday. As mentioned the gain is still modest. Because the dollar is up, we are also seeing
USD/JPY drifts into the negative territory for the fourth consecutive session on Tuesday. A pullback in the US bond yields, dovish Fed expectations capped the attempted USD bounce. Investors now eye second-tier US economic data for some short-term trading opportunities. The USD/JPY pair dropped to its lowest level since March 13, with bears now awaiting
What’s coming up in North American trade It’s TradeOn Summit day and Justin is delivering a live presentation at the moment. There isn’t anything on the calendar to interrupt him at the bottom of the hour, but it picks up a bit later. At 1300 GMT, the Case-Shiller US 20-city house price index is due.
SINGAPORE/MELBOURNE: Oil prices were steady on Tuesday, erasing gains earlier in the session, as rising coronavirus cases dampened the outlook for demand and countered optimism over more U.S. stimulus. Efforts to stimulate the U.S. economy’s recovery from the coronavirus crisis had raised hopes for stronger oil demand. However, a proposal on Monday from Senate Republicans