NYSEAMERICAN:ZOM gained a further 2.91% on Tuesday despite the border market retreat. Zomedica reported its Q4 and year end 2020 earnings results on Friday after the closing bell. Investors continue to believe that the impending Truforma release will launch Zomedica to a huge windfall. NYSEAMERICAN:ZOM continued its stellar year ever since the calendar flipped to
Month: March 2021
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Non-fungible tokens (NFTs) have rapidly become the new hot topic in the cryptocurrency sector, as evidenced by Litecoin creator Charlie Lee comparing the current spike in NFT interest to the ICO mania of 2017. The recent pullback in the cryptocurrency market hit decentralized finance tokens (DeFi) pretty hard but as Bitcoin price recovered the $50,000,
Oil claws back earlier losses to unchanged levels around $60.65 Invest in yourself. See our forex education hub. WTI crude was down by 1% at the start of European trading just below $60 but has clawed its way back higher on the session as traders brush aside fears of OPEC+ increasing supply at the meeting
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Gold edged lower on Tuesday, having touched a more than eight-month trough earlier in the session, as a buoyant dollar threatened to overshadow support from a slight retreat in US Treasury yields and equity markets. Spot gold was down 0.1% at $1,720.96 per ounce by 1542 GMT, after falling to $1,706.70, its lowest since June
Euro is under some pressure today after a heavy ECB official indicated the readiness to response to surging yields. But Swiss Franc is not too far behind. The forex markets are mixed elsewhere. Dollar is currently the stronger one, together with Aussie and Sterling. Meanwhile, Kiwi is the weaker commodity currencies. Canadian Dollar is mixed,
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon to address some of the recent tumult in the
People exit Target store in Midtown Manhattan on August 19, 2020 in New York. Eduardo Munoz Alvarez | Corbis News | Getty Images Target will report its fourth-quarter earnings before the bell on Tuesday, as it tries to sustain gains while pandemic-related tailwinds ease. The retailer will host a virtual investor day on Tuesday to
Gold extends corrective pullback from 8.5-month low to refresh weekly high. US dollar weakness precedes the recently upbeat news from the US, the UK to favor bulls. Cautious sentiment ahead of the key data/events, lack of major catalysts keeps traders guessing. Gold prices extend the early-week recovery while picking up bids around $1,739 amid the
Gold is down 0.4%, falling to a low of $1,707 earlier in Asian trading Invest in yourself. See our forex education hub. A firmer dollar is also part of the story today but the gold outlook has been rather shaky for quite a while now. The break of the November low last week has not
This is still the key spot to watch in trading this week Treasuries are little changed in general, with European bonds also not really doing a whole lot so far as we get things underway on the session. 10-year Treasury yields are little changed at 1.413% while 10-year bund yields are flat at -0.34%. Despite
After the first red closing in the month of January since 2013, the market participants had a lot of expectations from the second month of 2021. However, the expectations were defied and prices retreated nearly 7%, carrying over a weak momentum into March. The metal has been hit by a stronger US dollar against a
As widely anticipated, the RBA left all monetary policy measures unchanged. As a summary, the cash rate target, the 3-year Australian Government Bond ‘Yield Curve Control’ (YCC) target and the Term Funding Facility (TFF) interest rate all stay at 0.1%. While acknowledging the upbeat economic developments, policymakers pledged to make further adjustments to its purchases
Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, reacts while ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019. Zoom reported net income of $7.6 million on revenue of $331 million for the year ended
EUR/USD has been under growing pressure as Fed’s reluctance to tackle yields boosts the dollar while ECB’s efforts to curb rises in long-term returns on Europe’s covid struggles weigh on the euro. The 1.1950 level is eyed, Yohay Elam, an Analyst at FXStreet, reports. See: EUR/USD to strengthen with vaccine rollout in the second quarter –