What you need to know on Monday, February 1: Investors attention was diverted away from the FX board, amid turmoil in equities. The American dollar benefited from a dismal market mood but traded within familiar levels against its European rivals. Commodity-linked currencies and the JPY were the most affected by risk-aversion. Gamestop shares soared amid
Month: January 2021
The price of Bitcoin (BTC) is showing overall weakness as it struggles to establish $34,000 as a support level. Overall, BTC appears to be stagnating without signs of a short-term relief rally, leading traders to be cautious. One concerning trend is that the volume of Bitcoin has been stagnating along with its price, apart from
That puts an end to Western Australia’s 10-month coronavirus-free streak This comes as the security guard working at the hotel – which serves as a quarantine facility for inbound travelers – tested positive for COVID-19 with fears it could be a UK or South African variant. Western Australia premier, Mark McGowan, said that: “Beginning at
By Kevin Crowley, Rachel Adams-Heard and Alix Steel American oil executives began a pushback against some of President Joe Biden’s climate policies by making the case that fossil fuels from U.S. shale have a lower carbon footprint than imports. Since taking office this month, the Biden administration has made swift moves to pause sales of
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A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Sharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages last week. Total mortgage application volume fell 4.1% from the previous
The Boeing 737 Max airplane prepares to land after a test flight in Seattle, Washington, Sept. 30, 2020. Mike Siegel | The Seattle Times | Bloomberg via Getty Images Boeing is set to report fourth-quarter and 2020 results before the bell Wednesday, detailing the damage of the extended grounding of its 737 Max and the
Dallas Fed Pres. Kaplan participating in a virtual event Fed’s Kaplan participating in a virtual event says: Downside risks include vaccine efficacy and virus variance Upside risks include bigger bouncing public confidence More fiscal aid will create positive upside to forecast Could see significant increase in economic activity before herd immunity Baseline growth forecast for
NEW DELHI: Gold and silver futures prices in the domestic market traded with gains in the morning trade on Thursday, as low level buying pushed precious metals higher. Investors are awaiting any development on the stimulus front. While there is a buzz that the government may reduce duty on gold to raise demand in the
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact us: contact@actionforex.com
A woman walks past a closed retail store for lease in the midtown area of Manhattan on January 25, 2021 in New York City. Angela Weiss | AFP | Getty Images The number of Americans who filed for unemployment benefits for the first time rose less than expected last week as the Biden administration took
Levi’s clothes are seen on a store shelf in Miami, Florida. Joe Raedle | Getty Images Levi Strauss & Co. reported Wednesday its total holiday-quarter sales dropped 12%, marking an improvement from a more than 20% decline in the prior period, as weak shopper traffic at its stores was partially offset by double-digit growth online.
GBP/USD has slipped back from session highs around 1.3750 and is back under 1.3700. Volumes are now dropping off, however, as the weekend approaches. Liquidity is dropping off and news flow slowing down as a very choppy week draws to a close. GBP/USD is ending the session towards the upper end of this week’s range
Global companies are implementing distributed ledger technologies in an attempt to gain efficiencies in areas such as global payments and supply chain transparency. Blockchain tech can replace slow, paper-based processes, as well as improve security. However, many of the platforms in use today suffer from poor design. Networks become clogged with traffic too easily, resulting
What you need to know The basic playbook for the COVID-19 recovery is that the vaccine will work. However, one aspect you may have in the back of your mind is how effective will the vaccine be against the COVID-19 variants? In this article I will outline the variants and some of the key issues
The credit profile of tea companies will improve as the EBIDTA (earnings before interest, tax, depreciation and amortisation) margin of 44 tea companies rated by CRISIL Ratings (accounting for 12% of the industry’s revenue) is expected to increase 300 basis points to 11% in FY21. This has happened as auction prices of tea have risen
January ended with an exceptionally volatility week. While GME occupied a lot of headlines, there were other important developments like vaccines, US stimulus, and central bank expectations. Sterling ended as the strongest one with traders paring bets on negative interest rate of BoE. The same went for New Zealand Dollar too, which ended as second
After a year in which a pandemic and politics posed challenges unlike the U.S. has seen in generations, the economy closed in fairly good shape. Gross domestic product, or the sum of all goods and services, increased at a 4.0% pace in the fourth quarter, slightly below the 4.3% expectation from economists surveyed by Dow
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