Corporate executives are taking a dim view of their prospects, with a majority now expecting a recession ahead, according to a closely watched business survey released Wednesday. The Conference Board measure of CEO sentiment showed that 57% of respondents expect inflation to come down “over the next few years” but the economy to sustain a
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In this article CSCO Chuck Robbins, chief executive officer of Cisco Technologies Inc., gestures as he speaks during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 22, 2020. Jason Alden | Bloomberg | Getty Images Cisco shares plunged 15% in extended trading on Wednesday after the
What you need to take care of on Thursday, May 19: The greenback edged higher against its high-yielding rivals but eased against safe-haven currencies, reflecting the dismal market mood. Inflation was the primary catalyst of the latest bout of risk aversion. The EU Consumer Price Index was confirmed at 7.4% YoY in April, while the
Aave (AAVE) has announced a new project called the Lens Protocol that focuses on helping developers build social networking decentralized applications (DApps) on the Polygon blockchain. Apart from social media DApps, the liquidity market protocol creators aim to use nonfungible token (NFT) technology along with Lens’ open-source blockchain tech to allow developers to create marketplaces,
Do you know how to trade the NFP? Andrew Lockwood is here to explain how trading based on news and market expectations works. He has analyzed the last 4 NFP data and noticed something intriguing – let’s find out what. If you are learning how to trade forex, you have come to the right place.
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The NZDUSD is up for the 3rd consecutive day today after bottoming on Thursday last week. The low price reached 0.6216. That took the pair to the lowest level since early June 2020 and below the 61.8% of the move up from the 2020 low. The retracement comes in at 0.62298. The dips below the
While the early week moves were optimistic, they come off the back of a rather dour period for risk trades in general and a strong rally for the dollar. One can argue that the retracement yesterday is akin to the market letting off some steam after the more uniform trend in recent weeks. For today,
NEW DELHI: Gold prices dropped sharply on Wednesday following a rise in US treasury yields and cautiously positive comments from US Fed Chair Jerome Powell. However, the dollar index dropped to two-week lows, pushing up the appeal for the yellow metal. Investors trimmed bets on whether US interest rate hikes will drive further dollar gains.
The forex markets are engaging in sideway trading in very tight range in Asian session. Dollar and Yen remain the weaker ones for the week. But so far, there is not following selling to push them through near term support level yet. Overall risk sentiment is crucial in determining the next move. While US stocks
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell sharply in May, as mortgage rates shot higher and building material costs showed no
In this article WMT Walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin, as the nation’s largest retailer felt pressure from rising fuel costs and higher levels of inventory. Shares were down nearly 7% in premarket trading. The company raised its outlook for sales this year, saying it expects
The CAD is showing signs of life after the USD pushed above 1.30 last week to reach its highest point since Nov 2020. A hot Consumer Price Index (CPI) data from Canada could drag the USD/CAD pair down to the 1.27 zone, economists at Scotiabank report. CAD rebound may extend on High CPI “Canadian CPI
Unless they have been cut off from all networks for a week, any crypto-investor is aware of the disaster that has affected the Terra (LUNA) project and its stablecoin UST. Salvage proposals for Terra project have multiplied since the start of the LUNA collapse. Do Kwon, the boss of the Terra blockchain, came out of
The AUDUSD moved to the lowest level since June 21, 2020 last week, and in the process broke below swing lows from September 2020, October 2020, November 2020, November 2021, December 2021 and the January 2022 between 0.6966 and 0.7005 (see red numbered circles in the chart above). The breaking of that floor area (see
I think one of Powell’s final comments really captured the mood of his appearance: “There’s an overwhelming need to get inflation under control,” he said, ranking it above growth and employment. He laid out a path where the Fed will continue to raise rates until inflation comes under control or they have strong visibility to
Mumbai: The price for premature redemption of sovereign gold bond (SGB) due on Tuesday has been fixed at Rs 5,115 per unit, an RBI release said. Premature redemption of Gold Bond is permitted after the fifth year from the date of issue and the due date of SGB 2016-17, Series III issued on November 17,