Federal Reserve Chair Jerome Powell said the central bank hasnt made a decision to issue a digital currency, citing the need for further work and “extensive” public consultation with stakeholders before doing so.
A Nigerian venture plans to raise 480 billion naira ($1.2 billion) over the next three years to buy electricity meters and help power distributors plug a revenue gap in Africas most populous nation.
The US dollar showed its financial Strength last week, consequently ending a two-week losing streak. Adding 0.7 percent, buyers navigated from daily demand at 92.71/93.14 at the beginning of the week and eventually revisited a daily trendline formation (102.99), a level linked with a small area of daily supply at 94.08/93.84. Traders will also note the RSI oscillator is seen closing in on trendline resistance (prior support).
After quite some good bull run, we are likely also to see a short term sell-off in the coming days or weeks as we see buyers seemingly facing exhaustion at this point based on chart readings. Interestingly, general market sentiments for this pair are that market participants are holding net long positions. And, buyers are facing resistance at previous respected supply zone area. To have a look at this pair in longer term view, on the 6 day chart, we see there was a false breakout past the 200 moving average as price not only juggling between the band but last week trading session candle conclusively opened and closed below the now dynamic resistance band.
LISTEN TO ARTICLE 2:16 SHARE THIS ARTICLE ShareTweetPostEmail Christine Lagarde Photographer: Mart
LISTEN TO ARTICLE 2:03 SHARE THIS ARTICLE ShareTweetPostEmail Christine Lagarde Photographer: Mart
Nordic forestry companies are shuttering paper machines at an unprecedented pace as the Covid-19 pandemic accelerates a long-running decline in demand.
Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of one of China‘s largest hypermarts to try and fend off rivals like JD.com Inc. in e-commerce’s hottest growth arena.
The government and regions must align quickly, or a national lockdown is likely to follow — and be more severe.
Farmers in Vietnams largest coffee-growing province usually start picking new beans around the middle of October. But this year in Dak Lak, unceasing rains from La Nina plus tropical storms have put harvesting on hold, according to the Buon Ma Thuot Coffee Association.
The Bank of Japan will keep policy steady at its meeting next week and extend the duration of its Covid response measures by January at the latest, according to surveyed economists.
Farmers in Vietnams largest coffee-growing province usually start selective picking of new beans around the middle of October. But this year in Dak Lak, incessant rains from La Nina and tropical storms have put harvesting on hold, according to the Buon Ma Thuot Coffee Association.
A string of positive New Zealand data has got investors reassessing the odds of negative interest rates. Inflation figures due this week may help to clarify the picture.
Former U.S. Treasury Secretary Larry Summers said the dollar wont collapse despite rising federal debt and urged the government to ramp up economic stimulus to offset the impact of the coronavirus pandemic.
Financial markets remain volatile in the midst of Brexit negotiations, mounting coronavirus concerns, and US stimulus talks with the November election right around the corner. What's in store for t...
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SHARE THIS ARTICLE ShareTweetPostEmail Vladimir Putin attends a video conference. Photographer: Al
LISTEN TO ARTICLE 1:25 SHARE THIS ARTICLE ShareTweetPostEmail A campaign rally for Luis Arce in La
SHARE THIS ARTICLE ShareTweetPostEmail A campaign rally for Luis Arce in La Paz, Bolivia, on Oct. 1
After the EU’s chief negotiator Michel Barnier had a 12-hour tunnel talk with the UK last Friday, British Prime Minister Boris Johnson’s official spokesman stated that although some progresses had been made, it is a pity that both sides did not reach an agreement due to some divergences. The EU hoped that the UK can make more concessions to reach the trade agreement that has been discussed for a long time.
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