Russia invasion of Ukraine continued last week and risk aversion intensified sharply after Russia’s attempt to attack Zaporizhzhia nuclear power station. European stocks took a steep dive with benchmark yields. Oil prices surged to levels not seen in more than a decade. Gold was originally steady but staged a late rally, probably as people remembered
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The major US indices are ending the session lower with the NASDAQ leading the way. For the week, the Dow industrial average is down for the fourth week in a row while the NASDAQ and S&P are down for the third week in the last four. The S&P is closing 10% from it’s all time
New Delhi: Oil prices nearly touched $120 a barrel on Thursday as traders began avoiding Russian supplies, turning fears of a global supply disruption into reality. Oil prices rose to $119.84 per barrel–the highest since 2012–on Thursday before giving up a few dollars per barrel. US crude stockpile’s decline to multi-year lows also aided the
A person walks by a sign advertising employment at a fast-food restaurant on November 05, 2021 in New York City. Spencer Platt | Getty Images Initial claims for unemployment insurance totaled 215,000, the lowest tally since the beginning of the year and fewer than Wall Street estimates, the Labor Department said Thursday. Economists surveyed by
In this article FSLR A worker installs First Solar Inc. photovoltaic solar panels at the Agua Caliente Solar Project in Yuma County, Arizona. Joshua Lott | Bloomberg | Getty Images Shares of First Solar dropped more than 14% during extended trading Tuesday after the company reported missing revenue expectations during the fourth quarter and issued
The USD/CHF eyes to finish the week with losses, down 1.03%. Global equity indices record losses on a busy week impacted by economic data and geopolitical news. USD/CHF Technical Outlook: Neutral biased, confirmed by the DMAs with an almost horizontal slope confined to a 15-pip range. The USD/CHF climbs for the third day in the
The USDJPY has ticked to a new week low taking out the lows from Tuesday near 114.69. The not so good news is the low price just reached 114.68. That may disappoint sellers and lead to corrective probing. A move back above 114.85 will be eyed. Move above and we could see more upside corrective
After two years and many COVID-19 restrictions finally subsiding, the world is welcoming the return of in-person theater, movies, comedy, music and sports. This has left some wondering what will happen to the legions of digital creatives who occupied and entertained us while normal life was at a standstill — and to the multibillion-dollar economy
Markets sentiment took another dive on reports of Russia’s attack on a nuclear complex in Ukraine. Euro is extending recent decline, together will steep selloff in Asian stocks. Meanwhile, Australian Dollar is solidifying upside momentum, taking New Zealand Dollar higher too. Dollar remains mixed and will look into non-farm payroll report from the US. But
The US jobs day typically is the focus event for the any jobs day. However today, US traders were once again met with news from Ukraine that was unsettling. Overnight Russian forces targeted an Ukrainian nuclear power plant with rockets (yes….), and although the resulting fire from the bombing did not result in a catastrophic
NEW YORK: There is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall Street analysts, who say there is not enough supply to impede crude prices from their relentless surge. Global benchmark Brent and U.S. crude futures have soared over 15% to
Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau of Labor Statistics reported Friday. That compared to estimates of 440,000 for payrolls and 3.9%
In this article VSCO Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret seesawed in after-hour hours trading Wednesday after the lingerie retailer issued a downbeat outlook for the coming quarter, cautioning that it still sees challenges ahead – including inflation
USD/CAD reversed sharply higher on Friday to test 1.2800 following strong US jobs data and amid a broadly risk-off tone. Currently, USD/CAD is up about 0.7% on the day and 1.5% versus multi-week lows printed on Thursday under 1.2600. USD/CAD reversed sharply higher on Friday after the release of what traders described as a bumper
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The AUDUSD has seen up and down volatility today. At the start of the day, the price moved lower and back below the 200 day MA at 0.7322. Yesterday, the price closed just above that moving average level. However, after stalling right around natural support at 0.7300, the price moved back higher and extended up
FTX, one of the world’s largest cryptocurrency exchanges, is launching a new team called FTX Gaming that is focused on driving crypto and non-fungible token (or NFT) adoption in the gaming world. According to an FTX spokesperson, the company is launching a “crypto-as-a-service” platform through which tokens can be launched and support for NFTs within