Dollar on back foot as U.S. yields drop despite strengthening U.S. recovery

© Reuters. A man counts U.S. dollar banknotes at a currency exchange shop in Beirut By Kevin Buckland TOKYO (Reuters) – The dollar stabilised near an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with a retreat in Treasury yields from recent peaks despite signs of a robust U.S. […]

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Oil Declines With Broader Rout Overshadowing U.S. Stockpile Drop

© Reuters. Oil Declines With Broader Rout Overshadowing U.S. Stockpile Drop (Bloomberg) — Oil declined following a slide in broader financial markets, even after the biggest draw in U.S. crude in six months. in New York slid 0.7% as negative sentiment rippled through markets after the Federal Reserve indicated that the central bank was nowhere […]

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Oil rises as U.S. oil stockpiles drop, new Chinese COVID-19 cases decline

© Reuters. FILE PHOTO: A 3D printed oil pump jack is placed on dollar banknotes in this illustration picture By Roslan Khasawneh SINGAPORE (Reuters) – Oil prices climbed on Wednesday after industry data showed stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, reported its lowest daily rise in COVID-19 cases, bolstering […]

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Volkswagen brand 2020 sales drop but recovery seen in December

© Reuters. FILE PHOTO: VW shows electric SUV “ID 4” during a photo workshop BERLIN (Reuters) – German carmaker Volkswagen (DE:) said on Tuesday that sales of its core brand dropped by 15% to 5.3 million vehicles in 2020 as the outbreak of coronavirus and lockdowns imposed to restrict infections hit car dealerships around the […]

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USD/JPY extends drop under 103.00 as dollar eases further on the session

USD/JPY trades to its lowest levels since March last year The dollar isn’t getting much reprieve on the session as it continues to falter against the rest of the major currencies bloc in trading today. EUR/USD is testing 1.2300 again while USD/JPY has slipped by 0.5% to a low of 102.72. Looking at the chart, […]

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Macau’s gambling revenues drop 65.8% in December, 79.3% in 2020

© Reuters. A general view shows casinos and hotels following the coronavirus outbreak in Macau HONG KONG (Reuters) – Gambling revenue in Macau plunged 65.8% in December year-on-year, a less severe drop than in recent months as the world’s largest casino hub saw a pick-up in visitors from its key market – mainland China. December’s […]

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Oil Bucks Two-Day Drop on Supportive U.S. Inventory Data

© Reuters. By Barani Krishnan Investing.com – One swallow doesn’t make a summer. Likewise, one positive EIA dataset for the winter doesn’t ensure oil’s fundamentals will stay strong through a season when demand for travel is typically anemic, what more with a pandemic in force. Crude prices turned around from two straight sessions of weakness […]

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Bitcoin’s 12% drop leaves it in a technical vacuum but there’s reason for optimism

Let’s find out who has the upper hand Wild price moves are no stranger to crypto traders and it looks like the volatility is back. After a one-way move from $ 1200 to just shy of the 2017, crypto has tumbled today. The alts have been particularly hard hit but bitcoin is also down 12% […]

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Tesla third-quarter registrations in California drop 13%: data

© Reuters. FILE PHOTO: Tesla’s primary vehicle factory in Fremont, California, is shown in May 2020 (Reuters) – Tesla (NASDAQ:) Inc’s vehicle registrations in the U.S. state of California dropped 13% in the third quarter compared with last year, according to data from Cross-Sell https://www.cross-sell.com, a research firm that collates title and registration data. The […]

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