Markets are back in risk-off mode as down dropped more than -1100 pts overnight. Dollar and Yen tried to rebound but there was no follow through buying. Indeed, both remain the worst performing ones for the week. Instead, safe-haven flow seems to be benefiting Swiss Franc more this time. Franc is also helped by buying
admin
A woman rides an electric bike past a gas station as current gasoline prices continues to climb close to record setting territory in Encinitas, California, May 9, 2022. Mike Blake | Reuters U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research.
In this article BBWI Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Bath & Body Works shares fell in after-hours trading Wednesday after the retailer cut its profit outlook for the year, in part due to
The last 12 months have seen the Royal Mail share price halve from the June 2021 peaks of 614p, with the losses accelerating after the company cut its operating profit forecast in January, due to a £70m restructuring charge, when it announced its Q3 numbers. Now trading near one year lows today’s full year numbers
The USD is making new session highs vs the EUR, GBP, CAD, AUD and NZD. The JPY and the CHF meanwhile are attracting the most forex flows. USD: The EURUSD is back below its 200 hour MA and is also ticking below the low price going back to April 28 at 1.04709. The 100 hour
WTI crude oil futures for June delivery settled at $109.59. That’s down $-2.81 or -2.5%. The high for the day reached $115.42. The low extended to $108.46. The June contract last day of trading is May 20 (Friday). Most of the trading is now in the July contract. It is trading at a discount of
Gold prices edged higher on Wednesday, as a weakening dollar countered pressure from stronger Treasury yields and an aggressive stance on inflation by the U.S. Federal Reserve chief. A weaker dollar makes gold more attractive for buyers holding other currencies. FUNDAMENTALS * Spot gold was up 0.1% at $1,816.56 per ounce, by 0106 GMT. U.S.
Dollar and Yen are recovering mildly today but overall major pairs and crosses are stuck in very tight range. European majors are the weaker ones, with Sterling having a lower handle. Commodity currencies are mixed. Trading is also quiet in other markets with Gold continuing to hover slightly above 1800 handle. WTI crude oil is
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
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.
? Get the EdgeFinder for 40% OFF! (Limited Time) ? Use code YTVIP for 40% OFF here: https://a1trading.com/a1-edgefinder-get-access-to-forex-data-now/ ? Chat with us here: https://t.me/drew_a1trading ? Join VIP for trade alerts, live chatroom access, and more. ? Use code YTVIP for 40% OFF here: https://a1trading.com/vip/ ? Chat with us here: https://t.me/drew_a1trading ? Need a better broker?
FOLLOW ME ON IG: http://instagram.com/therealsoloe ??Free Discord Daily markups + signals sign up: https://bit.ly/396JRUu ??All in one Trading Course: https://bit.ly/3EhYroA ??Crypto FX, Indices Trades & Analysis (VIP Channel) https://bit.ly/3c7Fv13 ??#1 Recommended Broker: Sign up now: https://www.ospreyfx.com/?cmp=1f1e1a2s&refid=8573 ??1on1 Mentorship Masterclass: https://bit.ly/3DdDwTp ————————————— MY SOCIAL MEDIA PLATFORMS ??Instagram — http://www.instagram.com/therealsoloe ?Facebook — http://www.facebook.com/therealsoloe ??Twitter — http://twitter.com/upmsoloe ?Solo
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.