It was a busy week for the markets. While the Greenback ended the week in positive territory, labor market data continued to lower the chances of a near-term move by the FED.
EUR/USD gained additional downside momentum and is trying to settle below the support at 1.1830.
Companies inaccurately using “Made in USA” labels will be subject to fines under a Federal Trade Commission rule that requires marketers prove their products are “all or virtually all” made in the country.
Meanwhile, WTI oil managed to get above the $75 level.
Economic data from member states and from the Eurozone and member states failed to deliver EUR support ahead of key stats from the U.S later today.
SUNDERLAND, England (Reuters) -Nissan Motor Co bet on Britain to supercharge its European electric future on Thursday, pledging $1.4 billion with its Chinese partner to build a giant battery plant that will power 100,000 vehicles a year including a new crossover model.
LONDON (Reuters) -Associated British Foods on Thursday raised the full-year profit outlook for its Primark fashion business after sales at stores which reopened after COVID-19 lockdowns in its latest quarter beat management expectations in all markets.
(Reuters) – Online electricals retailer AO World signalled a robust start to the new financial year on Thursday, after reporting an annual profit that nearly tripled on strong demand for home appliances and office products due to the COVID-19 pandemic.
STOCKHOLM (Reuters) – Swedens H&M reported on Thursday a bigger pretax profit than expected for the March-May period, its fiscal second quarter, on the back of the easing of restrictions to curb the COVID-19 pandemic.
(Reuters) -British software company Micro Focus International reported a smaller loss for the first half on Thursday as it slashed costs, and said it had set aside $70 million to resolve a patent infringement dispute with U.S. firm Wapp.
FRANKFURT (Reuters) – Like the U.S Federal Reserve and other major central banks around the world, the European Central Bank has thrown unprecedented volumes of emergency stimulus at the economy to support businesses and households through the pandemic.
DUBAI (Reuters) – Standard Chartered has begun offering banking services through its branch in Saudi Arabia with a team of 25 people, the bank said on Thursday, as it boosts its presence in the Arab worlds biggest economy.
BENGALURU (Reuters) – Indias factory activity contracted for the first time in almost a year in June as restrictions to contain the deadly second wave of the coronavirus triggered declines in demand and output that pushed firms to cut more jobs, a private survey showed on Thursday.
Federal Reserve Bank of Richmond President Thomas Barkin said the U.S. labor market isnt close to its pre-pandemic levels and he wants to see much more progress before slowing central bank asset purchases.
‘Later this week, though, CDD are forecast to fall to as low as 8.49, reducing weather-driven demand significantly.’ ~EBW Analysts
USD/CAD managed to get above the resistance at 1.2350 and is testing the next resistance level at 1.2385.
Silver declined below the support at $25.80 and is trying to settle below the next support level at $25.50.
Meanwhile, gold and silver are trading at multi-week lows as U.S. dollar moves higher.
(Reuters) – Londons FTSE 100 edged higher on Tuesday, led by gains in homebuilders, while rising cases of a new coronavirus variant in Europe and Asia raised fears of a slower economic recovery
LONDON (Reuters) – TP ICAP, the world‘s biggest interdealer broker, is launching a cryptocurrency trading platform with Fidelity Investments and Standard Chartered’s digital assets custody unit, the consortium said on Tuesday.
WikiFX | News 2021/7/26 8:45:39
WikiFX | News 2021/7/26 5:47:36
WikiFX | News 2021/7/26 9:01:27
WikiFX | News 2021/7/26 3:12:05
WikiFX | News 2021/7/26 3:30:55
WikiFX | News 2021/7/26 3:19:31
WikiFX | News 2021/7/26 8:40:37
WikiFX | News 2021/7/26 3:22:49
WikiFX | News 2021/7/27 7:26:39
WikiFX | News 2021/7/27 5:53:17
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.