Americans spent a record online over 2020 holidays, and more e-commerce gains are expected
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019. Michael Nagle | Bloomberg | Getty Images U.S. online purchases over the 2020 holidays grew 32.2%...
GBP/USD Outlook: Sharp Recovery Signals End of Correction, But Caution Still Required
Cable jumped to 1.36 zone on Tuesday after pullback from new multi-month high at 1.3703 was rejected at 1.3451 on Monday and left hammer candle on daily chart, signaling possible end of corrective phase and reversal. Drop through ascending 20...
US: Small Business Confidence Weakens Further in December
TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...
EURCHF Ebbs Off Heavy Border; Progressive Picture Unbroken
EURCHF has abated to the mid-Bollinger band around 1.0819 after recent attempts to appreciate, including the false break out of 1.0891, were capped by the upper Bollinger band and the tough resistance ceiling of 1.0857-1.0877. The simple moving averages (SMAs)...
Sterling Rises on BoE Comments, Dollar Lost Momentum
Sterling surges broadly today after BoE Governor criticized that negative interest rates have a lot of issues. Commodity currencies are currently the next strongest, reversing some of this week’s pull back. On the other hand, Dollar is now the weakest...
Gold Trades Flat Following Last Week’s Declines
The precious metal is on track to close flat on Monday. Price briefly slipped to test the 1817.80 level before pulling back. Overall, gold prices are currently confined to trade within the 1850 and 1817.80 levels. Only a strong breakout...
Will The Fed Be In The Position To Slow Asset Purchases Before The End Of The Year?
Markets It was correction time yesterday on (parts) of global markets. Equities and (some) commodities fell prey to what we for now still consider a profit taking move on the recent protracted rally. Investors are pondering how much stimulus and...
Fintech firm Checkout.com crowned Europe’s top unicorn after tripling valuation to $15 billion
The logo for payments start-up Checkout.com. Checkout.com LONDON — Online payments firm Checkout.com is now Europe’s top tech unicorn. Checkout.com said Tuesday that it had raised $450 million in an investment led by Tiger Global Management — which is also...
Dollar Firm on Upbeat Fedspeaks, at a Near Term Juncture
Dollar remains firm after some Fed officials’ upbeat talks about the second half but buying appears to be slowing slightly in Asian session. Gold is also setting in range for now, reflecting some hesitation to push the greenback further higher....