Payments fraudsters spy Covid-19 opportunity in strained supply chains
In March, Interpol revealed details of a criminal scheme involving compromised emails, advance-payment fraud and money laundering across Germany, Ireland and the Netherlands. The case involved two sales companies in Zurich and Hamburg, contracted by German health authorities to procure...
Loonie Left Behind in Risk Rally, Can Jobs Data Help?
The Canadian dollar has underperformed other G10 commodity currencies lately, eating the dust of the aussie and the kiwi since markets bottomed in March, despite a powerful rally in oil prices. This might reflect uncertainties emanating from the US, which...
USD Index: Dollar Sold Across the Board
USD Index: The dollar was sold across the board on rising stocks and signals that the US economy will not be shut again if situation with virus deteriorates The index price accelerated lower in early US trading on Wednesday, to...
Stocks making the biggest moves premarket: Nikola, Apple, Biogen, Intersect ENT & more
A view of the charging Bull with a woman in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images Check out the companies making headlines before the bell: Intersect ENT (XENT), Medtronic (MDT)...
GBPJPY Optimistic as Fresh Gains Unfold
GBPJPY in spite of the latest pullback has managed to keep its bullish tone. The surge from the 131.93 low has held a positive trend climbing above the simple moving averages (SMAs). Additionally, the rising Ichimoku lines and the cloud...
Cracks Appearing as Fed Ponders Easing
Markets Struggling For Direction European stocks are back in the red while US futures are slightly paring Tuesday’s losses, as we continue to see a struggle for any meaningful direction. We’re not short of volatility in these markets, that has...
Did Germany’s KfW support scheme fail?
Despite offering twice as much liquidity to corporates as everyone else, Germany has extended fewer state-backed coronavirus emergency loans than any other big economy in Europe. France, Spain, the UK and Italy are ahead of it in this regard. Indeed,...
Gold Surges Through 1800 While Currencies Range Bound
Major forex pairs and crosses are staying inside yesterday’s range as trading turned subdued. US futures are nearly flat despite mild weakness in European markets. Europe majors are currently the strongest ones for the week, as led by Sterling. The...
EUR/JPY Analysis: Could Decline Today
The common European currency declined by 45 points or 0.37% against the Japanese Yen on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday’s trading session. Most likely, the exchange rate will continue to decline within...
Commodity Currencies Weaken as Risk Rally Lost Momentum, Sterling Shrugs Brexit Deadlock
Australian Dollar weakens generally today and takes commodity currencies lower too. Risk-on markets have taken a halt this week, with some notably pullbacks in the US markets overnight. But Asian markets are just mixed. European majors are generally firmer for...
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