In other words, Pres. Trump can’t approve the vaccine The FT is reporting that the FDA chief Hahn is standbys vaccine approval criteria. Pres. Trump has threatened to overrule the process in an attempt to release a vaccine before the election. It is unlikely that a vaccine would have passed the FDA approval process before that time. Tonight, the president and
Month: September 2020
KOLKATA: Gold prices are likely to remain choppy during the upcoming festive season owing to the US presidential election, which is scheduled to be held on November 3. Analysts and bullion dealers said that though the broader outlook remains bullish for gold, international events in the run-up to the election may make the yellow metal
Dollar drops broadly today, partly due to month-end flows, and partly as position adjustment ahead of the first one-on-one Presidential debate between Donald Trump and Joe Biden. Nevertheless, Yen and Canadian Dollar are slightly weaker. On the other hand, Aussie and Kiwi are picking up some steam for a strong rebound. Trading in the stock
People wearing facemasks wait to buy vegetables at a market vegetable stall as essential retailers reopen from the coronavirus (Covid-19) shutdown. SOPA Images | LightRocket | Getty Images Smaller-sized businesses have been battered during the six months of the coronavirus pandemic but are feeling confident about their ability to withstand a second wave, according to
Earnings season kicks off in a couple weeks and here’s why it may be better than expected. The S&P 500 is down 4% for the month, the first down month since March, but investors are expecting big things from corporate earnings reports, which begin Oct. 13 when JPMorgan releases results. “September has been a rough
The USD/JPY pair is forecast to trade at 103 by the end of the fourth quarter and at 101 by the first quarter at CIBC. They point out that Japanese politics did not alter markets. Key Quotes: “Although the BoJ revised up their assessment of the domestic economy, there remains little expectation any immediate policy
Nasdaq leads the way The major indices closed higher across the board with the NASDAQ ending up leading the way. The S&P and NASDAQ have now posted 3 days of higher closes. All 11 sectors of the S&P closed higher. The energy and financials led the rally today. The Dow post the best day cents September 9 The final numbers are showing:
German states will be releasing their CPI prints for September today Inflation across the euro area remained more subdued in August and are expected to keep that way in September as well. The expectation is for German headline inflation to keep flat at 0.0% y/y – similar to last month. The key takeaway here is
NEW DELHI: Gold and silver prices edged higher in Tuesday’s session, in line with global trend, but gains were checked as investors grew more hopeful of the US stimulus bill. Meanwhile, they also awaited the first presidential debate between Donald Trump and Joe Biden. US House of Representatives Speaker Nancy Pelosi said on Monday that
Crude oil prices have declined for 3 out of the past 4 weeks. the most recent weakness has been driven by concerns over the demand outlook as a third wave of coronavirus outbreak has hit Europe. This is also a reason for the narrowing in WTI-Brent spread although the impacts of US hurricanes have been
EUR/USD consolidates the corrective bounce below 1.1700 President Lagarde indicated the ECB will deploy further stimulus if needed. Eurozone/ US Consumer Confidence data, Fedspeak in focus. EUR/USD is consolidating the recent corrective advance towards 1.1700, as the US dollar attempts a comeback across the board, despite the risk-on market mood. At the time of writing,
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After securing millions of dollars via an initial coin offering in 2017, decentralized data housing platform Filecoin now aims to launch its main net. Filecoin will move over to its own blockchain in stages, rather than all at once, according to a Sept. 27 blog post. “Launching a blockchain is an involved and lengthy process,”
100 hour moving average at 0.92467 The USDCHF reached a peak price of 0.9294 in trading today. That was just short of the swing highs from Friday up to 0.92954. The price action since the high has seen a dip followed by a corrective move back into positive territory. However the last hour has seen a
House Speaker Pelosi speaking on MSNBC spoke with Treasury Secretary Mnuchin on Sunday regarding Covid 19 aid Will talk again with the Treasury Secretary today Ready to talk but administration must come to the table with more money to fight Covid. The speaker is touting a 2.4 trillion aid package. It is thought that that
New Delhi: Gold in the national capital went down by Rs 194 to Rs 50,449 per 10 grams on Monday amid weak global prices of the precious metal, according to HDFC Securities. In the previous trade, gold had closed at Rs 50,643 per 10 gram. Silver also declined Rs 933 to Rs 59,274 per kilogram
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