BioNTech committed to deliver 1.8 billion doses of COVID-19 vaccine this year

© Reuters. FILE PHOTO: Empty vials of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine are seen at The Michener Institute, in Toronto, Canada January 4, 2021 in this file photo. REUTERS/Carlos Osorio/File Photo By Ludwig Burger FRANKFURT (Reuters) – BioNTech said on Monday that its order backlog together with partner Pfizer (NYSE:) for delivery of COVID-19 […]

Continue Reading

USDCHF ran lower this week and made bearish breaks. Can the sellers keep control.

4 hour chart shows the progression lower. The USDCHF this week trended lower and along the way, cracked below some downside technical levels.    Looking at the 4-hour chart above, the price started the technical breaks below an upward sloping trend line, fell below the 100 bar MA  (blue line) and then the 200 bar […]

Continue Reading

Italy’s economy seen growing 4.1% this year, business lobby says

© Reuters. Outbreak of the coronavirus disease (COVID-19) in Rome ROME (Reuters) – Italy’s virus-hit economy is expected to grow 4.1% this year and 4.2% in 2022 in an “uncertain ascent from the abyss”, the country’s business lobby Confindustria said on Saturday. The Italian economy shrank by a post-war record of 8.9% last year, and […]

Continue Reading

Forexlive Americas FX news wrap: The USD falls but is the strongest of the major currencies this week

Forex news for North American trading on March 26, 2021. A snapshot of markets near the close of the day/week shows: Spot gold is up $ 5.59 or 0.32% at $ 1732.52. For the week gold fell $ 12.73 or -0.73% Spot silver is down $ 0.02 or -0.09% at $ 25.04. For the week, silver fell […]

Continue Reading

African economies likely to rebound 3.4% this year, AfDB says

© Reuters. FILE PHOTO: The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast By Duncan Miriri NAIROBI (Reuters) – African economies are expected to grow by an average of 3.4% this year, the African Development Bank said, as the continent recovers from its worst contraction in half a century. The […]

Continue Reading

Biden says $1,400 payments can start to go out this month

© Reuters. U.S. President Joe Biden makes remarks from the White House after his coronavirus pandemic relief legislation passed in the Senate, in Washington WASHINGTON (Reuters) – U.S. President Joe Biden said on Saturday that Senate passage of his $ 1.9 trillion coronavirus aid bill means that $ 1,400 payments to most Americans will start […]

Continue Reading

Four down days in a row for the S&P index. Longest losing streak this year

NASDAQ index and Dow industrial average close marginally higher. Russell index surges The S&P index closed lower for the 4th consecutive day. That is the longest losing streak for the year S&P and NASDAQ post the 1st weekly loss in the 3 weeks NASDAQ and Dow industrial average have modest gains on the day Dow’s […]

Continue Reading

Sanofi’s mRNA COVID-19 vaccine candidate not ready this year, CEO says

2/2 © Reuters. FILE PHOTO: A researcher works in an industrial development laboratory at the vaccine unit of French drugmaker Sanofi’s Pasteur plant in Marcy-l’Etoile, near Lyon, France 2/2 PARIS (Reuters) – A COVID-19 vaccine candidate developed by Sanofi (NASDAQ:) and U.S. group Translate Bio (NASDAQ:) “will not be ready this year,” the French drugmaker’s […]

Continue Reading

Davos ski resort eerily quiet without economic talkfest this year

2/2 © Reuters. 2020 World Economic Forum in Davos 2/2 By Arnd Wiegmann DAVOS (Reuters) – Student protesters who urged world leaders at the 2020 World Economic Forum in Davos to “Stop (f)lying to us” must be pleased this year, at least as far as the flying is concerned. The streets of the little Alpine […]

Continue Reading

Cable takes another peek above 1.3700, can buyers break through this time?

GBP/USD touches its highest levels since May 2018 For bank trade ideas, check out eFX Plus The pound is the standout performer on the session as cable climbs to a high of 1.3718 on the day, its highest levels since May 2018. The move here comes as the pound strengthens amid a breakdown in key […]

Continue Reading