News

News

  • JP Markets to fight back in court 13 Jul 2020 08:09 Citizen JP Markets was in 2016 issued with a category 1 licence to ‘provide advice and render intermediary services in respect of derivative instruments and deposits as defined in the Banks Act’. JP Markets has responded to queries over papers filed by the …
  • AUD/USD Forecast: Continues to Face the Same Issues 12 Jul 2020 19:39 Tradingcharts.com Jul 12, 2020 (MENAFN via COMTEX) -- (MENAFN - Daily Forex) The Australian dollar has gone back and forth during the trading session on Friday, forming a bit of a neutral candlestick. The Aussie continues to face a lot of the same problems, as there has …
  • Silver Forecast: Continues to Look Healthy 12 Jul 2020 19:10 Tradingcharts.com Jul 12, 2020 (MENAFN via COMTEX) -- (MENAFN - Daily Forex) Silver markets went back and forth during the trading session on Friday, showing signs of exhaustion but have broken above the $19 level, which is an area that has been difficult to deal with for …
  • Investors Piled Into Consumer Discretionary, Tech This Week 12 Jul 2020 09:00 Investing.com “S&P 500 companies slashed or suspended over $40 billion in dividends in the second quarter, the deepest quarterly drop since 2009.” (Dow Jones) Market Indexes: The market rose again this week, although with much lower market breadth. Investors …
  • Trump may not back India against China: Ex US NSA 11 Jul 2020 09:50 Economic Times !1 New UpdateClick here for latest updates With security personnel comprising a substantial chunk of the COVID-19 cases in Sikkim, the state government has decided to allow only those jawans to enter the Himalayan state who test negative for coronavirus …
  • Biz China Weekly: CPI, PPI, forex reserve, new yuan loans 11 Jul 2020 08:22 China News BEIJING, July 11 (Xinhua) -- The following are the highlights of China's business news from the past week: -- CPI China's consumer inflation remained generally stable in June under the country's continued efforts toward economic recovery, …
  • JP Markets operated in ‘absolute conflict’ with its clients 11 Jul 2020 05:48 Citizen An investigation into JP Markets has revealed how the South African-based online forex broker has apparently been operating in “absolute conflict” with its clients – trading against them and meddling with the trading conditions in a bid to drive down high …
  • EUR/USD & AUD/USD in Focus Ahead of ECB, Jobs & Retail Sales 11 Jul 2020 04:10 Tradingcharts.com Jul 11, 2020 (MENAFN via COMTEX) -- (MENAFN - DailyFX) Euro, US Dollar, Australian dollar - Talking Points EUR/USD and AUD/USD might steal the limelight due to event risk next week Euro price action eyes ZEW economic sentiment and upcoming ECB …
  • Live: Amazon.com bans, then un-bans TikTok app 11 Jul 2020 03:32 Economic Times !1 New UpdateClick here for latest updates A border clash has plunged ties between India and China to their lowest point in decades. But one beneficiary looks clear -- the US-India relationship. Experts say India could finally end equivocation about openly …
  • How much should clubs get? 11 Jul 2020 00:55 Herald The Herald Eddie Chikamhi Senior Sports Reporter HOW much are the clubs and leagues really supposed to get from the US$1.8 million FIFA/CAF Covid-19 bailout package for football? It’s the big question now at the heart of the game, amid glaring …
  • Naira crumbles to a 3-year low at the black market 10 Jul 2020 21:41 Hallmark Adebayo Obajemu This is depressing news to the economy as the black market rate has plummeted for the naira, a reincarnation of the experience of the naira in March. The exchange rate at the parallel market dipped to a new 3 year low on Thursday closing at …
  • AUD/USD Forecast: Continues to Pull Back 10 Jul 2020 20:15 Tradingcharts.com Jul 10, 2020 (MENAFN via COMTEX) -- (MENAFN - Daily Forex) The Australian dollar initially tried to rally during the trading session on Thursday but as you can see the 0.70 level has caused a bit of trouble yet again as we pulled back towards the 0.6950 …
  • Workhorse Falls on Report of Short Sale, 50% Expected Downside 10 Jul 2020 18:35 Investing.com By Christiana Sciaudone Investing.com --  Workhorse Group Inc (NASDAQ:WKHS) dropped Friday after news that Hindenburg Research is short on the stock, and expecting downside of 50%. Shares fell 6% after rallying sixfold since June 1.  The company has an “ …
  • EU Close: Modest de-risking ahead of Earnings Season and on US virus concerns, Oil rises, Gold holds $1800 level 10 Jul 2020 15:46 OANDA Forex Second quarter results will be awful for many companies and Wall Street will now get a clearer picture of how bad the labor market got for corporate America.  The economic recovery is struggling and with the virus not under control in the US, large …
  • Dollar Recovers Ahead Of U.S. PPI 10 Jul 2020 14:12 RTTNews The U.S. producer prices for June are due at 8:30 am ET Friday. Ahead of the data, the greenback recovered from its early lows against its major counterparts. The greenback was worth 106.81 against the yen, 0.9421 against the franc, 1.1278 against the euro …
  • Rupee weakens by 17 paise against U.S. dollar in opening trade 10 Jul 2020 13:41 The Hindu The Indian rupee dropped 17 paise to trade at 75.16 against the American currency in opening deals on Friday on emergence of demand for U.S. dollar from importers and banks. The local unit had closed at 74.99 a dollar on Thursday. Forex traders attributed …
  • WTI Crude Oil Forecast: Offering Value 10 Jul 2020 10:34 Tradingcharts.com Jul 10, 2020 (MENAFN via COMTEX) -- (MENAFN - Daily Forex) The West Texas Intermediate Crude Oil market broke down a bit during the trading session on Thursday, which is good news considering how we had been struggling for the last several days at the 200 …
  • Safe Havens Rise on Coronavirus Surge 10 Jul 2020 10:19 Tradingcharts.com Jul 10, 2020 (MENAFN via COMTEX) -- (MENAFN - Daily Forex) In the US, a resurgence of new cases of Coronavirus undermined the Trump administration's hope for a swift return to economic normalcy. On Wednesday, some 60,000 new cases were reported across …
  • Govt to audit US$ service stations 10 Jul 2020 10:07 Newsday Government says it will conduct audits on fuel companies accessing the precious commodity through the Reserve Bank of Zimbabwe foreign currency facility to check if they were not double-dipping by selling in forex instead of local currency. BY VENERANDA …
  • New Zealand June Electronic Card Spending Jumps 16.3% 10 Jul 2020 01:21 RTTNews The total value of electronic retail credit card spending in New Zealand climbed a seasonally adjusted 16.3 percent on month in June, Statistics New Zealand said on Friday - coming in at NZ$5.7 billion. That follows the 78.9 percent surge in May. On a …
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