A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop. Jim Watson | AFP | Getty Images Consumer prices just posted their largest one-month
In this article GSBD David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs is set to report its second-quarter earnings before the
XAU/USD tested $1,800 support in early American session. US Treasury bond yields struggle to gain traction on Tuesday despite strong CPI data. Gold eyes the 200-day SMA as the next target on the upside. After closing virtually unchanged on Monday, the XAU/USD pair moved sideways around $1,810 in the first half of the day on
The risk mood is more tepid in European morning trade European indices are a bit mixed, a little lower to start the new week, with US futures also trailing slightly after the solid bounce on Friday. That is not giving market participants much to work with, as Treasury yields are also slipping a little down
RBNZ meeting on Weds On May 26th the RBNZ took a bullish tilt in their monetary policy meeting. They signalled a forward rate forecast pointing to a 25bps rate hike in September 2022. This saw a boost higher in the NZ 10 year bonds and strength in the NZD for a few weeks, but then that
NEW DELHI: Gold prices were steady on Tuesday after hitting a one-week low in the previous session. The dollar weakened slightly ahead of US inflation data, which may offer clues about policy tightening by the Federal Reserve. The yellow metal was trading marginally higher in the domestic market. US consumers expect the economy to continue
Yen decline continues overnight and stays soft on the back of solid risk-on markets. DOW closed just shy of 35k handle overnight, but the three major indexes ended at record highs nonetheless. Solid buying is also seen in Asia, with Hong Kong HSI staging and impressive rebound. Australian and New Zealand Dollar are currently the
CME Group’s flash data for crude oil futures markets noted open interest increased by around 12.7K contracts after four consecutive daily pullbacks. In the same line, volume reverses three drops in a row and rose by just 950 contracts. WTI faces some consolidation near term Monday’s negative price action in WTI was accompanied by rising
Bitcoin (BTC) might be struggling to break the $36,000 resistance for the past three weeks, but bulls now have one less thing to worry about: cascading futures contracts liquidations. One might be under the impression that a $1 billion liquidation is usual for Bitcoin. Still, traders tend to remember the most recent exaggerated movements more
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GBP/USD down 50 pips to 1.3849 currently Invest in yourself. See our forex education hub. The pair had a great showing on Friday, erasing the week’s losses altogether in a push to the week’s high of 1.3900 at the time. The opening levels today stuck there but there has been a steady retreat since –
CIBC sees more dollar strength CIBC is out with its latest dollar forecasts and sees the dollar broadly higher in the next six months, with gains against EUR, JPY and CAD. “The June FOMC meeting marked a turning point for the USD. Prior to the meeting, positioning and sentiment on the greenback was largely bearish,”
NEW YORK: Oil prices fell on Monday as concerns about slowing global growth outweighed the prospect of tightening supply after talks among key crude producers to raise output in the coming months stalled. Brent crude for September fell 45 cents, or 0.6 per cent, to $75.10 a barrel by 12:08 p.m. EDT (1605 GMT). U.S.
Overall markets lack clear direction today. Major European indexes are mixed in tight range. DOW future is down over -100 pts at the time of writing, but NASDAQ futures are up. Dollar recover mildly together with Yen and commodity currencies are the softer ones. But overall, major pairs and crosses are bounded inside Friday’s range.
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from the central bank’s New York district. The June Survey of Consumer Expectations showed that median
After confirming that coronavirus-related restrictions will be eased further as planned on July 19, British Prime Minister Boris Johnson noted that the pandemic is not over and urged people to proceed with caution, as reported by Reuters. “We cannot simply go instantly to life as it was before COVID,” Johnson told a news conference and asked