Economy

Futures point to more gains, though a light economic calendar leaves the majors exposed to the news wires and geopolitical risk. The Majors It was a bullish start to the week for the European majors, with the bullish chatter across China’s state-controlled media driving risk…

Risk appetite continues to support the majors. With the markets not expecting any shift from the RBA, geopolitics and COVID-19 remain curveballs. Earlier in the Day: It was a busier start to the day on the economic calendar. The Kiwi Dollar and Japanese Yen were…

The Aussie Dollar has yet to take a hit, in spite of the latest COVID-19 spikes. Failure to contain the spread, however, will test the Aussie’s resilience. The RBA left monetary policy unchanged this morning, which had been widely anticipated by the broader market. The…

In order to get gold moving to the upside in dramatic fashion, the rise in COVID-19 cases is going to have to derail the economic recovery. Gold finished higher last week after the cash market hit an 8-year high. A new contract high was hit…

The futures markets are pointing northwards ahead of the European open. Geopolitics and COVID-19 could darken the mood, however… The Majors It was a bearish end to a bullish week for the European majors on Friday. With the U.S markets closed, market angst over COVID-19…

Uber Technologies Inc has announced that it will buy a food delivery company Postmates Inc in a $2.65 billion all-stock takeover, Bloomberg reported. Uber Technologies Inc, an American multinational ride-hailing company, has announced that it will buy a food delivery company Postmates Inc in a…

The US dollar rallied initially against the Japanese yen for the week but continues to find itself attracted to the ¥107.50 level yet again. The US dollar has rallied a bit during the week but found enough resistance above the ¥107.50 level to roll right…

S&P 500 is trying to get above the resistance at 3150 as optimism about economic recovery is tested by the worsening situation on the coronavirus front. U.S. Sets A New Coronavirus Record The markets are closed today in observance of the Independence Day holiday but…

Gains were capped and there was an air of caution ahead of the long holiday weekend as a resurgence in U.S. coronavirus infections fanned concerns. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed higher on Thursday at the end of the holiday…

With the U.S markets closed, Eurozone and member state service sector PMIs for June and COVID-19 are in focus today. The Majors It was a particularly bullish day for the European majors on Thursday. As the market angst over COVID-19 eased, the focus returned to…