EUR/USD continues to face stiff resistance from the 200-day moving average

EUR/USD falls back towards the lows for the day at 1.1864 now Invest in yourself. See our forex education hub. The bounce at the start of the week continues to stall for EUR/USD as buyers are finding it tough to negotiate a breakthrough above the 200-day moving average (blue line). That level is seen @ […]

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Canada’s cash-rich oil sands firms face pressure to spend on transition

© Reuters. FILE PHOTO: Oil, steam and natural gas pipelines run through the forest at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake. By Rod Nickel, Nichola Saminather and Nia Williams (NYSE:) (Reuters) – Canada’s biggest oil sands producers are generating billions more in free cash flow in a faster-than-expected pandemic rebound, […]

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Oil prices face uphill struggle in 2021 despite vaccine progress: Reuters poll

© Reuters. FILE PHOTO: A 3d printed oil pump jack is seen in front of displayed stock graph and “COVID-19” words in this illustration picture By Brijesh Patel (Reuters) – Oil prices will struggle to gain upward traction next year as demand remains in the grip of the coronavirus pandemic despite growing optimism over vaccines […]

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EU proposes new post-Trump alliance with U.S. in face of China threat: Financial Times

© Reuters. U.S. and EU flags are pictured during the visit of Vice President Pence to the European Commission headquarters in Brussels (Reuters) – The European Union is seeking to forge a new alliance with the United States to bury the tensions of the Trump era and meet the challenges posed by China, the Financial […]

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Iran says U.S. move against it would face ‘crushing’ response

© Reuters. Iran holds military drill amid rising tensions with U.S. DUBAI/JERUSALEM (Reuters) – Any U.S. attack on Iran would face a “crushing” response, an Iranian government spokesman said on Tuesday, following reports U.S. President Donald Trump asked for options for a strike on Iran’s main nuclear site last week but decided against doing so. […]

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Comic: S&P 500, Nasdaq Face Big Test In Week Ahead As Mega-Cap Tech Earnings Loom

By Jesse Cohen Investing.com – Stocks on Wall Street on Friday, with the posting its first daily gain in four sessions to cap off another volatile week. The Dow closed 112 points higher, or about 0.4%, at 28,606. The ended little changed, settling at 3,483. The meanwhile ended the day down around 0.4% at 11,671. […]

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Exclusive: Chevron workers face demands to reapply for jobs under global restructuring – sources

8/8 © Reuters. FILE PHOTO: The Federal Reserve in Washington 2/8 By Jennifer Hiller and Devika Krishna Kumar HOUSTON/NEW YORK (Reuters) – Chevron Corp (N:) employees worldwide are being asked to reapply for positions as part of a cost-cutting program expected to eliminate up to 15% of its workforce, people familiar with the matter said. […]

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Small Argentine firms face ‘terrifying’ future even after debt deal

© Reuters. By Eliana Raszewski and Marina Lammertyn BUENOS AIRES (Reuters) – Francisco Lurueña’s textile firm on the outskirts of Buenos Aires has survived 39 years of myriad economic crises. Now it stands on the verge of closure, hit by COVID-19 on top of two years of recession, high inflation and a debt crisis. His […]

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EU prolongs duty-free import of face masks, medical gear

2/2 © Reuters. EU leaders summit in Brussels 2/2 BRUSSELS (Reuters) – The European Commission extended until the end of October a waiver of customs duties and sales taxes on imported face masks and other medical gear to help tackle shortages as the bloc fights the coronavirus epidemic. The measure was initially adopted in April […]

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America’s best-selling vehicle becomes a cybertruck with a familiar face

© Reuters. By Joseph White DETROIT (Reuters) – Ford Motor (NYSE:) Co on Thursday unveiled the next generation of its F-150 pickup in an online event, showing a truck with a familiar look but that incorporates the automaker’s new strategy for profiting from software and connectivity. The new F-150 and the soon-to-launch Mach-E electric SUV […]

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