Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common currency is actually suffering a fresh round of heavy selling, just after NFP risk is cleared. Technically, it shouldn’t be
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The euro is having an awful time in trading this week as it sinks across the board against the rest of the major currencies bloc. Russian sanctions are biting hard at Europe, adding to worries about rising energy costs and inflation that will grip consumption, not to mention that there has been no firm communique
Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches. Tensions rose on Friday after Russia escalated its assault by attacking a Ukrainian nuclear plant, the biggest in Europe, according to Ukrainian officials. Prices from crude to aluminum and wheat soared, as commodities stage
Residents outside a shopping mall during a break in curfew in Kyiv, Ukraine, on Tuesday, March 1, 2022. Erin Trieb | Bloomberg | Getty Images Rising inflation and global supply chain strains remain top of mind for retailers as they navigate the post-holiday earnings season. But also making its way into conversations with analysts and
In this article SG A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses but strong fourth-quarter sales growth and promising performance at its restaurants in its first quarterly report since its initial public offering. The salad chain also issued a strong sales outlook for 2022, although it
NATO Secretary General Jens Stoltenberg stated on Friday that NATO calls on Russian President Vladimir Putin to stop the war in Ukraine immediately without conditions and engage in diplomacy, reported Reuters. Stoltenberg said that the days to come in Ukraine are likely to be worse and NATO has a responsibility to ensure that the conflict
The major indices are trading mixed with the Dow industrial average up 0.34%. The S&P index of 0.16% while the NASDAQ index is down -0.56% currently. If you were to look at the hourly chart of the NASDAQ index above, the high for the day at 13837.59 stalled right near its 200 hour moving average
Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried’s Alameda Research, and Three Arrows Capital. Dryden Brown of New York University, and Charlie Callinan of Boston College, co-founded Praxis, formerly Bluebook Cities in 2019, describing their goal as:
Euro is staying under selling pressure as Russia is continuing its invasion while Ukrainians are holding on defending their country. But selloff in Sterling has eased a little bit. Australia Dollar is extending recent rally as the best performer for the week. Canadian Dollar is following closely with help from BoC’s rate hike overnight, and
The early reports: Zaporizhzhia nuclear power plant in Ukraine is on fire USD, yen up and ‘risk’ falling – Russia is shelling Europe’s largest nuclear power plant Ukraine has asked Russia to stop shelling Europe’s largest nuclear power plant 2 of 6 reactors at Europe’s largest nuclear plant in Ukraine have been safely shut down
New Delhi: Gold in the national capital on Thursday jumped Rs 271 to Rs 51,670 per 10 grams in line with strong international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 51,399 per 10 grams. Silver also gained Rs 818 to Rs 68,425
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The economy was likely to have added jobs at a healthy pace in February and wages gains were strong. The February employment report, released at 8:30 a.m. Friday, is
In this article GPS Sale signs are on display in the windows of a Gap retail location. Scott Mlyn | CNBC Gap Inc. shares climbed in after-hours trading Thursday after the apparel retailer offered an upbeat forecast for its profits in 2022, in spite of rising inflation and logistics challenges. Supply chain snarls still remain
GBP/USD steadies around 1.3350 amid Brexit hopes, eyes on Ukraine, US NFP GBP/USD bears took a breather around 1.3345-50 amid Brexit optimism during early Friday morning in Asia. Even so, the cable pair remains on the back foot for the second consecutive week as the US dollar cheers cautious mood in the market, mainly due
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The GBPUSD has been waffling above and below its 100 hour moving average of 1.33742 over the last six or so trading hours. The price has also been staying above the swing lows from January 27 and January 28 between 1.3357 and 1.3373 during that time. However the last few minutes have seen a move