Gold Price Drops Sharply Due To A Strong Dollar
Gold price dropped to a four-week low of $1180. This happened as the US dollar strengthened following the Fed’s monetary policy statement on Wednesday. In the statement, the committee said that a strong US economy continued to support further rate...
Euro-Zone’s Economic Sentiment Index Dropped To A 15-Month Low Level In September
For the 24 hours to 23:00 GMT, the EUR declined 0.98% against the USD and closed at 1.1635, amid renewed worries surrounding Italy’s budget proposal, following reports of delayed Italian budget meet. Data revealed that the Euro-zone’s final consumer confidence...
Dollar Rally Continues as Focus Turns to PCE Inflation
The case for bullishness in Dollar continued to build up with yesterday’s rally. The greenback is now the strongest one for the week followed by Sterling. In particular, USD/JPY’s firm break of 113.17 resistance confirmed larger up trend resumption. Now,...
Capital markets pipeline builds in Russia as sanctions threat looms
Another year, another Russia shutdown: after two years of brisk flows, capital markets activity came to an abrupt halt in April when the US imposed sanctions on Oleg Deripaska, Viktor Vekselberg and their associated companies. Eurobond issuance dried up, a...
Short seller Andrew Left surprised by market reaction to Musk charge: ‘They think a halo existed’
Citron Research’s Andrew Left, who has shorted Tesla shares, told CNBC on Thursday he is surprised that shareholders of the company reacted so strongly to the SEC’s fraud charge against CEO Elon Musk. Shares of the electric car company fell...
After-hours buzz: TSLA, PRGS & more
Check out the companies making headlines after the bell: Tesla shares fell nearly 12 percent in after-hours trading following news that the Securities and Exchange Commission has sued CEO Elon Musk for fraud. The suit is related to Musk’s August...
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