In this article WFC Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations as it continued to release funds it had set aside during the Covid-19 pandemic to safeguard against widespread loan losses. Shares of the bank rose 0.5% in premarket trading following the earnings announcement. Here’s how the
FOMC Chairman Jerome Powell is responding to questions after delivering the US Federal Reserve’s semiannual Monetary Policy Report to the US House Committee on Financial Services. Key quotes “US economy will adapt fairly quickly to a balance of supply and demand, inflation will then fall to more normal levels.” “In six months wages will have moved
Ethereum (ETH) has enjoyed a good run so far in 2021, with its value increasing from about $1,300 at the beginning of the year, to nearly $4,000 in May. However, Ethereum’s price aside, consistent problems on the Ethereum blockchain have brought to light the anger of traders and decentralized application (DApp) developers on the Ethereum
AUD/NZD falls below key trendline support, looks towards 1.0600 next Invest in yourself. See our forex education hub. The pair is trading pretty much a classic case of policy divergence, as the RBNZ tilts more hawkishly while the RBA is still biding its time while maintaining a more dovish stance at its latest policy meeting
Looks likely Canada’s economy is showing excellent signs fo improvement and the last jobs report has shown that the jobs market is nearly back to pr-pandemic levels. Jobs galore The jobs print was a mixed picture, but definitely tilted to the bullish side. Yes, the headline print was strong, coming in above expectations at 230K
NEW DELHI: Gold and silver futures traded in the green on Wednesday, bucking the trend in the international market. However, the gains were capped by a firm dollar, which usually makes things difficult for bullion holders. The dollar index held steady, having seen its best daily percentage gain in nearly a month late Tuesday. A
Economic developments since the June meeting suggest that BOC would still maintain an upbeat tone and taper further at this week’s meeting. Policymakers will, however, maintain the forward guidance that the first rate hike would come in 2H22. The staff will also release the latest economic projections. The GDP growth outlook will be kept largely
Inflation continued its rapid surge in June, rising at its fastest pace in nearly 13 years amid an ongoing burst in used vehicle costs and increases in both food and energy, the Labor Department reported Tuesday. The consumer price index increased 5.4% from a year ago, the largest jump since August 2008, just before the
Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co, at a luncheon hosted by The Economic Club of Chicago on November 22, 2017 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings:
AUD/USD consolidates the recovery above 0.7450 amid USD pullback. The aussie remains weighed down by the Australian covid concerns. Focus remains on Fed Chair Powell’s testimony for fresh direction. Having found strong bids near 0.7435, AUD/USD took a flight, now consolidating the bounce above 0.7450 amid a cautious market mood. On Tuesday, hotter-than-expected US inflation data
Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private placement. Bit Mining is raising the funds in response to the Chinese
This is my review of the EVE forex trading system. I show you every trade I took and how I used EVE on MT4 for these trades. Sorry for the long video, but I wanted to show you all signals and trades I had. EVE is not made by me. It is external software. If
HOW TO START FOREX TRADING IN 2020. I’ve been trading for 5+ years balancing college basketball and being on reality TV. Recently, I decided I wanted to start helping people learn how to trade; or at least show people how I trade, hoping they will learn something from it. I used to only post myself
#DURecorder This is my video recorded with DU Recorder. It’s easy to record your screen and livestream. Download link: Android: https://goo.gl/s9D6Mf iOS: https://goo.gl/nXnxyN
EUR/USD a little lower to 1.1845-50 but holds above key near-term levels Invest in yourself. See our forex education hub. The range for the day is stretching a little but the overall move is still relatively light, all things considered. The pair is seen on the retreat from 1.1875 to a low of 1.1842, testing
US CPI reaction CIBC Research discusses its reaction to today’s US CPI print for the month of June. “Price pressures were scorching hot in the US in June, as surging demand combined with supply chain issues to lead the way higher. Total monthly prices rose by 0.9%, well above the consensus forecast of 0.5%, leaving
NEW YORK: Oil prices rose more than 1 per cent on Tuesday, as tight supply and expectations of a further draw in US and global crude inventories provided support. Brent crude rose $1.18, or 1.6 per cent, to $76.34 a barrel, while US West Texas Intermediate crude rose $1.11, or 1.5 per cent, to $75.21
Dollar rebounds strongly in early US session after much stronger than expected CPI inflation reading. The headline reading has indeed been trend up every month since January and showed no sign of slowing yet. Yen also rebounds following the greenback. Meanwhile Sterling and Canadian Dollar are the weakest ones for today for the moment. Technically,