European stocks are likely turn in a mixed performance on Wednesday, with investors looking ahead to the Federal Reserve's monetary policy announcement, due later in the day.
Sluggish European futures and slightly higher U.S. futures too indicate a somewhat subdued start for most of the markets acro
CNBV designates commercial banking institutions of local systemic importance. BIS annual economic report. The origination of mortgage financing from banks fell 18.2% in real terms. Adverse economic effects of the COVID-19 outbreak in the US slows down the recovery of financial markets at the end of
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The Supervisory Board of Admiral Markets AS, the Estonian entity of the Admiral Markets Group, recently announced that it intends to appoint Victor Gherbovet as a new Management Board Member.
Gherbovet’s appointment will become effective from the 27th of July 2020. Followi
USD/CAD recedes from 1.3580 but stays above near-term key moving average.
Bullish MACD signals also favor the buyers expecting to confront 61.8% Fibonacci retracement level.
A resistance-turned-support line from July 14 increases hardships for the bears.
USD/CAD eases to 1.3575 during Friday’s Asia
Escalating US-China row to limit the losses in gold.
Market-driven sentiment and USD dynamic to remain in play.
Gold looks buy on dips from a technical perspective.
Despite the jittery market mood so far this Wednesday, Gold (XAU/USD) remains on the back foot, as the US dollar bulls are back on t
There is still room for the continuation of the consolidative theme around AUD/USD in the next weeks, suggested FX Strategists at UOB Group.
24-hour view: “We expected AUD to trade within a 0.6835/0.6895 range yesterday. AUD initially dropped to 0.6833 before making a rapid turnaround and
Investors await the OPEC+ decision on output cuts. It will define where the oil price will go.
The oil market was completely destroyed this year. The coronavirus outbreak forced all the people to stop travelling, driving their cars and factories to shut down. As a result, the oil de
Dollar turned weaker overnight as markets on talks that Fed could eventually go into negative interest rates. Safe haven flows also continued to recede in generally, with NASDAQ extending recent rebound, even though DOW’s rally was still capped. Australian Dollar continues to surge higher, shrugging
Gold's 4-hour chart shows a bear flag pattern.
A breakdown would imply a continuation of the pullback from $1,740.
Gold's bounce from the April 28 low of $1,690 has taken the shape of a bearish continuation pattern called bear flag, according to the 4-hour chart.
At press time, the lower end of t
WTI extends the recovery moves $10.00 after upbeat API data.
Concerns surrounding demand-supply imbalance creating huge supplies keep weighing the commodity.
OPEC’s April oil supply surges to the highest since December 2018.
EIA data, US economics and virus updates are likely the key catalysts.