The USDJPY is seeing up and down price action today. Nevertheless, the price is higher (although it’s trading nearer lows for the day). The price has also been able to stay above its 100 hour moving average today at 130.023. The high price reached the highest level since April 29 at 130.80. The low price
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Week ago today, the month of April ended with the NASDAQ index down over 13%. The market rallied on Monday, Tuesday, and Wednesday getting the month of May off to a good start. However yesterday’s sharp declines, and follow through selling today push the major indices lower on week. In other words the markets snatched
Oil prices edged higher on Thursday, extending gains from the previous session, as a European Union proposal for new sanctions against Russia, including an embargo on crude in six months, offset concerns over Chinese demand. Brent crude futures had climbed 35 cents, or 0.3%, to $110.49 a barrel by 0209 GMT, while U.S. West Texas
In this article W Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares tumbled in premarket trading Thursday after the online furniture retailer reported larger-than-expected losses in the first quarter as shoppers scaled back their spending on the home category. Wayfair also announced its chief financial officer, Michael Fleisher, is set to retire early
Risk-aversion lifted the low-yielder EUR, despite broad US dollar strength. The US labor market keeps strengthening, adding 428K jobs to the economy. EUR/USD Price Forecast: In the long-term downward biased, but the 1-hour chart depicts the pair as neutral-upwards. The EUR/USD trimmed some of Thursday’s losses, and it is set to finish the week on
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The USDCAD price has seen upside momentum in the North American session after the US/Canada job combination this morning. Canada unemployment rate reached its lowest level on record although job growth was a bit modest. US job statistics were marginally weaker as well but still advancing. Technically, the low price today stalled near the 100/200
The ongoing saga of the attempt to restart talks to revive Iran’s 2015 nuclear deal with world powers in … still ongoing. A couple of weekend updates. The Financial Times reported the EU’s foreign policy chief Josep Borrell told the news outlet that he was seeking a “middle way” to end the impasse Aljazeera have
It was a week that belonged to central banks and amid increased volatility in financial markets, the US dollar emerged as the clear winner. Continuing investor flow towards the US dollar pressurized not just gold but commodities at large. The US dollar index slumped immediately post the US Fed decision but witnessed a sharp rebound
In this article SG A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses for its first quarter, but sales jumped 67% as workers returned to their offices and resumed their old lunchtime routines. Shares of the company rose more than 5% in extended trading. Here’s what the
GBP/USD grinds lower but stays around 1.2350s after upbeat US NFP report The British pound appears to regain composture but remains losing in the day, down 0.06%, after the Bank of England hiked rates by 25-bps on Thursday. At the time of writing, the GBP/USD is trading at 1.2352. The GBP/USD is still downward biased, though
The USDCHF is working on its 2nd down day in 3 days. That comes after 9 straight days to the upside. The pair moved sharply lower on Wednesday on dollar selling after the FOMC rate decision and Powell’s comments that a 75 basis point hike was off the table.. Yesterday, all that was reversed and
Shanghai officials today said the covid outbreak was under ‘effective control’ on Friday and that cases have been on a ‘continuous downward trend’ since April 22. The city has been under lockdown since April 1 and there’s no visibility to when that will end. About 2.3m people are in sealed-off areas while 16.7m are in
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. This week, we saw crude oil prices jump by almost around 10% from Monday’s low in both international as well as
While RBA, Fed and BoE announced rate hikes last week, the impacts and reactions were rather delivered. RBA’s larger than expected hike was well received and helped Aussie secured the first place, even though it pared back much gains on risk-aversion. On the other hand, BoE’s announcement was considered dovish, with warning of recession, and
In this article LCID CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. Caitlin O’Hara | Reuters Electric luxury vehicle maker Lucid Group said Thursday it now has more than 30,000 reservations for its Air sedan — but any customers making reservations after June 1 will have