USD/CAD Continues to Range-Trade
USD/CAD is almost unchanged for a second straight day. In Tuesday’s North American session, the pair is trading at 1.3184, down 0.06% on the day. In the US, construction releases were positive in September. Housing Starts were up 1.9%, while...
Euro and Swiss Franc Rally as Markets Expect More Negative Rates Elsewhere
Markets continue to be dominated by strength of Euro and Swiss Franc today. That comes in spite of surging coronavirus infections in Europe. Meanwhile, the deadlock of Brexit negotiations remain. Traders are apparently adding to bet that more global central...
U.S Futures Green – Watch INTC, PG, PM, IBM, GS, MRNA, MSFT
The S&P 500 Futures are posting a rebound after they closed sharply lower yesterday. Despite House Speaker Nancy Pelosi calling on the government to reconcile remaining disputes on a fiscal stimulus package within 48 hours, no progress was made toward...
XAU/USD Analysis: Remains Below 1,915.00
On Monday, the XAU/USD exchange rate reversed south from the 1,915.00 level. Given that yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,905.00 area, it is likely that some downside potential could prevail in...
BTCUSD Could Hit $12,000
Bitcoin continues to gain upside traction, as the cryptocurrency benefits from technical buying after moving above the $11,700 resistance level. The BTCUSD pair could start to test towards the $12,000 resistance level if the $11,850 resistance area is broken. Overall,...
UBS reports its best third quarter for a decade, with a 99% hike in net profit
The logo of Swiss banking giant UBS engraved on the wall is seen on its headquarters on May 8, 2019 in Zurich. Fabrice Coffrini | AFP | Getty Images LONDON — The world’s largest wealth manager, UBS, reported a jump...
Aussie Bears in Control on RBA, Euro Strength Continues
Australia’s Dollar’s decline is resuming today as RBA minutes, as well ass comments from a top official solidify the case for imminent easing in November. Weaker risk sentiments also weigh on commodity currencies in general, after US stocks reversed initial...
RBA Minutes Reveal Strong Conviction to Further Easing in November
RBA’s minutes for the October meeting offered more supports that further easing will be rolled out soon. Potential measures include rate cuts and asset purchases. The bottom line is that the policy rate will not go negative. Assistant Governor Christopher...
Stocks making the biggest moves midday: American Airlines, Halliburton, RH, AMC & more
Check out the companies making headlines midday Monday: Halliburton — Shares of the oil field producer popped 2% after the company reported better-than-expected earnings for the previous quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate 8 cents...
Homebuilder sentiment sets another record high in October
Contractors install shingles on the roof of a home under construction in Park City, Utah, U.S., on Friday, Aug. 14, 2020. George Frey | Bloomberg | Getty Images The nation’s homebuilders are seeing no fall chill in demand from buyers,...
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