Increasing COVID-19 Cases And Elusive US Stimulus Weigh On Stocks
The global economy is facing many challenges that make it uncertain to determine what the future holds. In that context, an elusive US stimulus and rising cases of COVID-19 made ...
Tag: Europe
British Airways Owner IAG Records 1.3B Euro Loss, Suspends Schedule
IAG, the British Airways owner, has reported a 1.3 billion Euro (1.2 billion pounds) Q3 2020 loss on October 22. The news comes as COVID-19 restrictions depress travel further as ...
European Central Bank Intensifies Digital Euro Development
On October 2, the European Central Bank (ECB) published an extensive report on the probable issuance of a digital euro. The currency is currently under development and was approved by ...
EUR/USD Hovers Around 1.1850 Ahead Of US Retail Sales, The Fed
EUR/USD is trading around 1.1850 on Wednesday gradually consolidating its losses recorded earlier. For now, tension is mounting ahead of the last Fed decision before the elections and the United ...
Where Will Future Demand For Oil Come From?
It has been 60 years since the OPEC was formed. Over the years, oil prices have been rising and falling to suit various market conditions. However, 2020 has been a ...
Revolut Enters Japan, Its First Non-English Speaking Market
Japan has always been welcoming to crypto and now two big crypto companies have entered the Japanese market. A big European cryptocurrency-friendly trading application, Revolut, announced on September 8, 2020, ...
EUR/USD May Benefit From Fed Flexible Average Inflation Target, Danske Bank Says
The Federal Reserve’s policy together with Danske Bank’s expectations of global macro means that the EUR/USD pair is likely to trade within the 1.18-1.20 range. Risks may be tilted to ...
EUR/USD Falls Below 1.1850, Next Stop Might Be 1.1700
The EUR/USD pair trades under pressure on August 20 just below 1.1850. All this happens as the dollar strength remains in vogue although reports of negative US Treasury yields emerged. ...
Bond Yields Will Go Up, Oil Outlook Suggests
Oil and other fossil fuels have suffered greatly in the past 12 months. The COVID-induced fall in energy demand together with the long-term pressures on the industry have not helped ...
Revolut Reportedly Tripled Losses In 2019
Crypto-friendly British App, Revolut, reported that its losses surged by over 200% in 2019 due to investment in international expansion. The report was announced by Revolut founder and CEO, Nik ...
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