Federal Reserve Chairman Jerome Powell said Thursday he worries about women, children and business owners who face long-term consequences from the coronavirus pandemic. Asked to name his chief concerns as the world tries to recover from the Covid-19 crisis, Powell said it’s “the risk that there is some longer-run damage to the productive capacity of
Month: November 2020
CEO of Cisco Chuck Robbins speaks during the VivaTech (Viva Technology) trade fair in Paris on May 24, 2018. Gerard Julien | AFP | Getty Images Cisco shares moved as much as 9% higher in extended trading on Thursday after the company reported fiscal first-quarter earnings and an upbeat forecast that exceeded analysts’ expectations. Here’s
DXY remains under pressure below the 93.00 mark. US Producer Prices surprised to the upside in October. Flash November Consumer Sentiment next of note. The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rivals, trades on the defensive and still below the 93.00 yardstick. US Dollar Index still capped
The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life. Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of
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Forex Channel Trading Strategies | Definition, strategies, tools This Channel Trading Strategy can be a huge difference-maker in your trading arsenal. In this article, I am going to show you why going off on the “rabbit trail” is not such a bad thing after all! I will also show you a forex channel trading system,
This is re coronavirus developments in the Australian state of Victora (Australia’s second-most populous). The state has now gone 14 days of zero new cases And 14 days of deaths from COVID-19 . Breathless media reports now that with 14 days of zero cases the 14-day average has also fallen to zero. Um, yep. For
Comments via ANZ commodity research/analysis (in brief from a much longer report): A COVID-19 vaccine could draw a line in the sand for the oil market. However, there are major hurdles to overcome before it can assume the worst is over. Weak demand will see a 2mb/d surplus in H1-21. This should see OPEC delay
Pre-Diwali Dhanteras sales of gold and silver kicked off on Thursday but overall business is likely to be a muted affair in view of sharp rise in prices and subdued demand due to the COVID-19 induced economic hardship, according to jewellers and industry experts. Although the buying sentiment has improved after the COVID-19 curbs were
The financial markets are staying in consolidative mode. Asian stocks are mixed in tight range, following the mixed closes in US overnight. Gold is trading sideway ahead of key near term support. In the currency markets, Yen and Swiss France are mildly higher, paring some of this week’s losses. Meanwhile, commodity currencies turned softer. The
A Disney cast member welcomes guests to Magic Kingdom Park at Walt Disney World Resort on July 11, 2020. (Photo by Matt Stroshane/Walt Disney World Resort via Getty Images) Disney is set to report earnings for its fourth quarter of 2020 after the bell on Thursday. Here are the key numbers: Loss per share: 71 cents
AUD/USD pressured with S&P 500 futures as risk-off mood dominates. US dollar favored amid growing coronavirus fears and jittery markets. US covid updates and consumer sentiment data closely eyed. AUD/USD remains on the defensive in weekly lows above 0.7200, extending its losing streak into a fourth straight day on Friday. At the time of writing,
Up and down day in the USDJPY, but with a negative bias The USDJPY price action has seen downs, ups and downs today, but with a negative bias. The close from yesterday was at 105.414. The high price for the day in the Asian session reached 105.47 before rotating to the downside. The Asian session low
Democratic leaders from the House and Senate to speak Nancy Pelosi and Chuck Schumer - Democratic leaders in the House and Senate - will hold a press conference at 10:15 AM ET. The election, stimulus are obvious topics. Pres. Trump has not conceded the race despite lack of meaningful evidence of a fraudulent election. There are, nevertheless,
The International Energy Agency (IEA) on Thursday cut its 2020 global oil demand forecast, citing a resurgence of the Covid-19 pandemic, with vaccines unlikely to have much of an impact until well into next year. The IEA said that as a result of fresh restrictions imposed by governments in an effort to curb the disease,
Sterling suffers notable selling today after slightly weaker than expected Q3 GDP data. Though, pull back against Euro could be a bigger driver for the profit-taking. Elsewhere, better than expected US job data and worse than expected Eurozone production data were generally ignored. For now, Aussie is following the Pound as the second weakest, then
S&P 500 struggles to build on Wednesday’s gains. S&P 500 Energy Index is down nearly 2% on Thursday. Technology shares post modest gains in the early trade. Wall Street’s main indexes opened mixed on Thursday amid varying performances of major sectors. As of writing, the Dow Jones Industrial Average was down 0.5% on the day
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