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The euro climbed to a three-month high on Friday after the European Central Bank boosted its stimulus programme, which also buoyed European stocks. The euro rose to $1.1380 against a weakening dollar, its highest level since 10 March, and was on course for a weekly jump of 2.5% and a ninth straight day of trading…
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US airlines cut domestic fares by an average 23% in May in a bid to tempt passengers back onto planes, global industry body IATA said on Wednesday. The international governing body sees post-coronavirus discounts as a further threat to profitability, hindering the recovery of the air travel industry. Domestic passenger traffic rose 30% globally in…
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Sterling moved closer to its one-month high of 1.26 against the US dollar this Tuesday amid protests in the United States and an apparent willingness from the UK to find a middle ground on Brexit talks. Both a stronger pound and a weaker dollar were responsible for the jump in the value of the GBP/USD…
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World shares hit three-month highs on Wednesday as coronavirus lockdowns eased and investors bet on governments preparing further stimulus packages despite civil unrest across the US. The MSCI world equity index, which tracks shares in 49 countries, rose to its highest since 6 March, having gained throughout the Asian session. The index is down more…
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The US stock market rally will continue, driven by low interest rates and investors looking for a home for their cash, says JP Morgan Chase. Most analysts and fund managers including the likes of Mark Cuban, David Tepper, and Jeffrey Gundlach have warned that US stock market valuations are getting expensive. The S&P 500’s forward…
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The successful launch of SpaceX’s Dragon spacecraft has lifted the shares of rival Virgin Galactic as investors dream of commercial flights into space. Stocks of the New Mexico-based Virgin Galactic (SPCE) surged by more than 7.9% during early morning trading on Monday, once again seeking to remain above their 50-day moving average line, a technical…
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Oil prices recovered strongly last month and posted their best month in history as supply cuts and moves to reopen economies kicked off an oil rally. Now, oil traders wonder what lies ahead in June. The price of the West Texas Intermediate (CL1), the US benchmark for oil prices, jumped by 88% during the month,…
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The yuan will fall to its lowest since 2008 over the next three months as an increasingly hostile US policy toward China puts pressure on the currency, according to Goldman Sachs. On Friday US President Donald Trump (pictured) launched a blistering attack on Beijing saying it has “raided our factories” and “gutted” American industry. Earlier…
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US firms have raised more than $1trn in capital through corporate bonds so far this year, as they race for lifelines to get them through the economic collapse that the triggered by the coronavirus pandemic. According to a report from Credit Flow Research, at least 70% of this amount was raised over the nine weeks…
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If you are looking for a regulated forex broker in the United States, there are two major regulatory agencies that you should know of. These are the National Futures Association and the Commodity Futures Trading Commission. The Commodity Futures Trading Commission, also known as CFTC, is an independent financial regulatory body in the United States…
