Rockefeller heirs call on banks to stop lending to fossil fuel companies
Descendants of Standard Oil founder John D. Rockefeller are calling on the major banks to put an end to fossil fuel financing. Daniel Growald, Peter Gill Case and Valerie Rockefeller — fifth-generation members of the famed family — have launched...
Stocks making the biggest moves midday: Boeing, Caterpillar, Chewy, Navistar & more
United Airlines’ Boeing 747-400 aircraft performed its last passenger flight on November 7, 2017. NurPhoto Check out the companies making headlines in midday trading. Boeing — Shares popped more than 3% after Patrick Ky, the head of Europe’s aviation regulator,...
Week Ahead – Flash PMIs Could Underscore Worsening Virus Trend; US Election Polls in Focus
The virus reality has come back to bite markets just as investors were attempting once again to shrug off the gloom and doom. The daily frequency of tighter Covid restrictions being announced across Europe and dimming expectations of a pre-election...
Brexit Deal or No Deal?
The Pound has moved between narrow gains and losses hovering around the $1.29 mark as Boris Johnson tells the UK to prepare for a no trade deal Brexit. However, with more talks due to start in London on Monday, the...
Sterling Range Bound after Volatility, Brexit Talks Still Going to Continue
Sterling is a focus today in otherwise relatively quiet markets. Brexit jitters triggered much volatility in the Pound. But it’s staying in range as, after all, negations between UK and EU will still continue next week, probably with some intensifications....
XAU/USD Analysis: Tests Resistance Level
Since Thursday, the XAU/USD exchange rate has been testing the resistance level—the monthly PP at 1,909.29. It is likely that yellow metal could gain support from the 55-, 100– and 200-hour SMAs in the 1,901.30/1,908.00 area. Thus, some upside potential...
USD/JPY Analysis: Pressured By 55– And 100-Hour SMAs
On Thursday, the USD/JPY currency pair touched the 105.45 mark. It is likely that the exchange rate could be pushed down by the 55– and 100-hour moving averages in the 105.30 area. A possible downside target is the weekly S2...
GBP/USD Analysis: Trades Above 1.2900
Yesterday, the GBP/USD exchange rate dropped to the 1.2900 level. During today’s morning, the rate reversed north. Given that the currency pair is pressured by the 55-, 100– and 200-hour SMA in the 1.2955/1.2980 range, it is likely that some...
EUR/USD Analysis: Consolidates Near 1.1700
Since Thursday, the EUR/USD currency pair has been trying to decline below the 1.1700 level. It is likely that the exchange rate could trade downwards in the short term, as it is pressured by the 55-hour moving average near 1.1730....
GBPJPY’s Advances Capped By 50-Day SMA, Pair Adopts Neutral Tone
GBPJPY appears to have stalled around the mid-Bollinger band at 135.78, after efforts to push higher were curbed by the 50-day simple moving average (SMA). The pair is edging east as directional momentum has taken the back seat. Despite their...
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