The GBPUSD is continuing it’s run to the downside. That move lower started in the European session when the price fell below the 200 and 100 bar MAs on the 5 minute chart, shifting the bias back to the downside. The move lower has not really seen any meaningful correction. The largest correction in looking
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Markets: S&P 500 down 117 points, or 2.9%, to 3900 US 10-year yields up 11.3 bps to 3.155% WTI crude oil down 86-cents to $120.65′ Gold up $23 to $1871 USD leads, GBP lags Jitters were running high ahead of the May US CPI report but the reality was even worse than the fears. All
TOKYO: Oil prices fell on Friday but still hovered near three-month highs, with fears over new COVID-19 lockdown measures in Shanghai outweighing solid demand for fuels in the world’s top consumer United States. Brent crude futures for August was down $1.01, or 0.8%, at $122.06 a barrel as of 0141 GMT after a 0.4% decline
Dollar rises strongly in early US session after CPI data. Headline inflation reaccelerated with strong rise in energy and food prices From this perspective, there is little scope for Fed to pause tightening in September. It might instead continue its 50bps per meeting plan for longer. The greenback is now the strongest one for the
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the rest of the year
The GBP/USD tanks close to 180 pips after elevated US inflation data. Consumer sentiment in the US has collapsed to a 5-decade low. GBP/USD Price Forecast: In the near term will test the YTD low at 1.2155. The GBP/USD plummets following a hotter than expected US inflation report and extends its losses in the week,
The NZD (and AUD) is the strongest of the majors while the GBP (and CAD) is the weakest as North American session begins. The US CPI will be the highlight at 8:30 AM with the expectations are for the headline number to rise by 0.7%. The core measure is expected to rise by 0.5%. The
Prior report +15.3 K (that was lower than 55.0K estimate) Employment change 39.8K vs 30K estimate unemployment rate 5.1%% vs. 5.2% estimate. The unemployment rate is a new record full-time employment 135.4K vs. -31.6 K last month Part time employment -95.8K vs 47.1 K last month participation rate 65.3% vs 65.3% last month total hours
New Delhi: Gold prices declined by Rs 58 to Rs 50,793 per 10 grams in the national capital on Friday, according to HDFC securities. In the previous trade, the yellow metal settled at Rs 50,851 per 10 grams. Silver also tumbled by Rs 601 to Rs 60,914 per kg from Rs 61,515 per kg in
Euro’s post ECB rally was very short-lived, while market turned into risk-off mode later in US session. Negative sentiment continues in Asia today as US consumer inflation data is awaited. So far, Sterling is the strongest one for the week followed by Dollar, and then Canadian. Yen is the overwhelming loser, extending recent down trend
Treasury Secretary Janet Yellen emphasized that the White House has several strategies ready to go that will reduce an inflation burden she conceded is too high on Americans. In an interview Tuesday with CNBC’s Becky Quick, Yellen listed efforts aimed at prescription drug costs, the budget deficit and oil production that could bring down prices
In this article DOCU Dan Springer, chief executive officer at DocuSign. David Paul Morris | Bloomberg | Getty Images DocuSign shares fell as much as 24% in extended trading on Thursday after the electronic signature software vendor reported weaker-than-expected earnings in its fiscal first quarter. Here’s how the company did: Earnings: 38 cents per share,
AUD/USD turned lower for the third straight day in reaction to stronger US inflation figures. The latest US CPI report reaffirmed hawkish Fed expectations and boosted the greenback. The risk-off impulse further underpinned the buck and weighed on the risk-sensitive aussie. The AUD/USD pair witnessed aggressive selling during the early North American session and turned
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Earlier this week it was all about Treasuries. The whims of the bond market were seemingly steering sentiment elsewhere. Today though US 10-year yields are up just 1.6 basis points in a back-and-forth trade but risk aversion is high and worsening. The S&P 500 is down 67 points, breaking below the range of the past