Monday, November 30

Day: October 21, 2020

Daily Gold News: Extend Short-Term Advance as US Dollar Declines
Commodities

Daily Gold News: Extend Short-Term Advance as US Dollar Declines

FXEmpire.com -The gold futures contract gained 0.19% on Tuesday, as it got closer to the recent local highs. Today yellow metal’s price is the highest since last week’s Tuesday following bouncing off $1,900 price level again. Recently gold was retracing a rally from around $1,800 to August 7 record high of $2,089.20 in reaction to U.S. dollar advance, among other factors. Then gold has bounced from the support level marked by mid-August local low of around $1,875, as we can see on the daily chart ( the chart includes today’s intraday data ):Gold is 0.7% higher this morning, as it is extending short-term uptrend following declining U.S. dollar. What about the other precious metals? Silver gained 1.14% on Tuesday and today it is 1.6% higher. Platinum gained 1.60% and today it is 0.7%...
Tesla reports fifth consecutive quarter of profits
Business news

Tesla reports fifth consecutive quarter of profits

Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019.Aly Song | ReutersElon Musk's electric car and renewable energy company, Tesla, reported third-quarter results after the bell on Wednesday. The stock rose about 3% after hours as the company beat expectations on EPS and revenue, and reported its fifth consecutive quarter of net profit.Here is how Tesla performed versus analyst expectations:Earnings per share (adjusted): 76 cents vs 57 cents, per Refinitiv Revenue: $8.77 billion vs $8.36 billion, per Refinitiv Net income (GAAP): $331 million vs $394 million, per RefinitivThe company already reported that it delivered 139,300 vehicles during the quarter, a new record for Tesla.Automotive rev...
Price analysis 10/21: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV
Crypto News

Price analysis 10/21: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV

The crypto markets are cheering PayPal’s decision to allow its customers to use cryptocurrencies to shop from its vast merchant network. PayPal also revealed that U.S. account holders will be able to buy, sell, and hold cryptocurrencies in the PayPal app. The company plans to extend this service to a few other countries in the first half of 2021. PayPal’s decision has significantly increased the reach of cryptocurrencies. Now many of the company’s 346 million active users will have the options to engage with cryptocurrencies and become investors if they choose.Daily cryptocurrency market performance. Source: Coin360However, a mass influx of investors into cryptocurrencies is likely to take more time. Ultimately, this move by PayPal proves that companies cannot ignore the rise ...
Canada: Retail sales are on track for a massive increase in Q3 – NFB
Forex

Canada: Retail sales are on track for a massive increase in Q3 – NFB

Data released on Wednesday showed retail sales rose 0.4% in August in Canada, below expectations. Kyle Dahms, analyst at the National Bank of Canada points out sales reached a new record high and are 1.8% above their February level. Key Quotes:“The August retail sales report came in a bit weaker than expected. The increase was propelled by a minority of categories, but the declines elsewhere were not significant enough to offset the headline number.”“Spending in August remained decent after having recovered to pre-pandemic levels in July. Indeed, headline sales are now 1.8% above their February level. The August report on retail spending helps affirm our belief that most of the pent-up demand has been absorbed. Despite the slight disappointment in August, retail sales are on t...
UltraTech Cement Q2 takeaways: Strong rural demand, cost cutting helps bottomline
Stock News

UltraTech Cement Q2 takeaways: Strong rural demand, cost cutting helps bottomline

NEW DELHI: Thanks to a higher revenue, lower expenses and proceedings from sale of assets, UltraTech Cement managed to double its net profits during the September quarter as demand returned. The company surprised the Street with its bottomline and also kept its operating margin at a robust level. The company also sees demand for cement to surge and believes it will be a big beneficiary of that.Here are key takeaways from the earnings:How much did the company earn? The cement maker reported a 113 per cent jump in its net profit at Rs 1,234 crore. Net sales rose 7.8 per cent to Rs 10,231 crore, from Rs 9,486 crore. It reported robust operating margins at 27 per cent, driven by both revenue growth and tight cost management.What was the exceptional gain item? UltraTech Nathdwara Cemen...
OKEx’s lips remain sealed on its sudden crypto withdrawal freeze
Crypto News

OKEx’s lips remain sealed on its sudden crypto withdrawal freeze

For nearly a week, uncertainty as to why OKEx suddenly suspended its cryptocurrency withdrawals on Oct. 16 has lingered on. The ongoing suspension has been puzzling to many, but the exchange’s representatives maintain that the move was solely because one of the company’s private key holders has been cooperating with a Chinese public security bureau. With one of OKEx’s three keyholders now in question, the exchange’s multisignature authorization process cannot be fulfilled, thus locking up its withdrawal function.Following reports of OKEx founder Mingxing Xu being under investigation by Chinese authorities, the price of Bitcoin subsequently dropped by around 3% within the span of less than half an hour. Not only that, but OKEx’s native crypto offering — the OKB token — has also been on ...
Mortgage demand from homebuyers falls for the fourth straight week
Business news

Mortgage demand from homebuyers falls for the fourth straight week

Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month.A drop in buyer demand caused total mortgage application volume to fall 0.6% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.Applications to purchase a home fell 2% for the week, the fourth straight week of declines. Purchase demand is down nearly 7% compared with four weeks ago. Volume, however, is still 26% higher than one year ago.The drop may be seasonal, although not much has conformed to normal patterns in the year of Covid-19. It may be more a factor of the incredibly low supply of homes for sale. Inventory continues to set record lows, especially at the entry level of the market.Strong de...
XM Forex Review 2020
Reviews

XM Forex Review 2020

XM Forex Broker HistoryXM Group is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and Trading Point of Financial Instruments UK Ltd was established in 2016 and it is regulated by the Financial Conduct Authority (FCA 705428). XM Group offers trading in Forex and CFDs on Stocks, Precious Metals, Equity Indicies, Commodities and Energies.XM Broker Review of AccountsXM Group offers its clients 3 types of account: MICRO, STANDARD, and ZERO with low spreads and a level of...
United States MBA Mortgage Applications climbed from previous -0.7% to -0.6% in October 16
Forex

United States MBA Mortgage Applications climbed from previous -0.7% to -0.6% in October 16

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if ...
BlockShow returns as partner to Singapore central bank’s fintech event
Crypto News

BlockShow returns as partner to Singapore central bank’s fintech event

BlockShow, one of the largest blockchain events in the blockchain and crypto industry, will curate discussions around blockchain and cryptocurrency for a five-day online event hosted by the Monetary Authority of Singapore. The event runs from Dec. 7–12 and the attendees will have 24-hour online access to the conferences.As a “Knowledge Partner” of the Singapore FinTech Festival (SFF) 2020, BlockShow will bring some of the best blockchain leaders to discuss blockchain technology and cryptocurrency. The discussions spanning blockchain and crypto are expected to expose the global fintech community to this new technological landscape. And it will potentially spark further innovation and adoption of the technology across the fintech industry.The 2019 Singapore FinTech Festival was a great...