Month: August 2020

European majors tumble broadly today as UK and EU reminded us that Brexit negotiation remained in deadlock. Additionally, some PMI data from Eurozone suggested that momentum of recovery was quickly fading, in particular in the services sector. Yen is rising broadly today as stock markets turn into risk-off mode. Dollar is following closely as the
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For more than 30 years, Parker McAllister’s parents have held onto the Brooklyn, New York, brownstone they purchased in 1985 for about $91,000.  After raising two kids in the home, McAllister’s parents now have three tenants living in their Bedford-Stuyvesant multi-family property so they can keep up with mortgage payments.  To relieve his parents of
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Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of graphics card maker Nvidia fell as much as 2% in extended trading on Wednesday after the company reported better-than-expected fiscal
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Major indices close higher The NASDAQ index close at a another record high. The previous high close came in at 11,210.84. The index close today at 11,264.95. The S&P index traded above its all-time high closing price but could not sustain the gains into the close. The final numbers are showing: S&P index up 10.69
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Markit will publish this Friday at 08:00 GMT the preliminary estimates of its August indexes. EU August activity is expected to remain in expansion territory in August but speculative interest can’t ignore the sharp increase in coronavirus outbreaks in Europe. EUR/USD weighed by a resurgent dollar, but the slump remains corrective, FXStreet’s Chief Analyst Valeria
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EURUSD option in play  It is a smaller option level of 700+ million, but price is right on the level now. The bias for the option is +90% to the call (buy) side. So, keep an eye around price reacting off this level as we come into the first round of PMI’s at 0815 UK
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Dollar is back under pressure as rebound attempt faltered quickly again. Nevertheless, New Zealand Dollar remains the worst one. Canadian Dollar is currently the strongest one in Asian session, lifted as crude oil rebounded quickly after a spike lower overnight. As for the week, Sterling and Yen are currently the strongest while Dollar and Kiwi
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The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new coronavirus stimulus package. The Labor Department said initial jobless claims for the week ending Aug. 15 came in at 1.106 million. Economists polled by Dow
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Exterior of Alibaba Group Beijing Headquarters on November 10, 2019 in Beijing, China. VCG | Visual China Group | Getty Images China’s Alibaba beat quarterly revenue estimates on Thursday as its core e-commerce business thrived due to people preferring to shop online for essentials, even as coronavirus-related restrictions eased. Revenue rose to 153.75 billion yuan
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