Dollar might finally be committing to a rally after stronger than expected retail sales data. Consumer markets appeared to remain robust despite persistently high inflation. Talks of a higher terminal rate for Fed is also growing. On the other hand, Sterling was knocked down earlier today after lower than expected CPI reading, in particular against
Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3%, compared with expectations for a rise of 1.9%, the Commerce Department reported Wednesday. Excluding autos, sales rose 2.3%, according to the report, which is not adjusted for inflation. The ex-autos
In this article RBLX Follow your favorite stocksCREATE FREE ACCOUNT A man photographs a Roblox banner displayed, to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox popped 24% Wednesday after the company reported fourth-quarter earnings that beat
Share: Airbnb beat Wall Street expectations on Q4 earnings. ABNB stock jumped more than 10% to close gap from May 2022. There is very little resistance between here and $160. Airbnb management raised guidance for Q1. Airbnb (ABNB) stock managed to close the gap created on May 9, 2022, after the short-term rental platform disclosed a wide earnings
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The price of WTi crude oil is settling at $79.06. That is down -$1.08 or -1.35% on the day. The high for the day reached $79.61. The low extended to $77.46. Looking at the daily chart, the price had moved up 5 of the last 6 trading days before today. That took the price up
The US CPI came in at 0.5% for the headline and 0.4% for the core. The shelter component apparently was responsible for 1/2 of the rise, but service CPI still remains a concern and not coming down. If that trend continues, it is hard to see the CPI coming down toward the 2% target soon.
Gold prices edged up on Wednesday as the dollar eased, while U.S. inflation data released on Tuesday raised expectations that the Federal Reserve will persist with monetary policy tightening. FUNDAMENTALS * Spot gold was up 0.1% at $1,856.47 per ounce, as of 0105 GMT. U.S. gold futures were little changed at $1,865.80. * The dollar
Dollar is rather indecisive in early US session. US consumer inflation slowed less than expected in January, support Fed to continue tightening, probably for longer. However, positive risk sentiment is offsetting the boost to the greenback. Sterling, on the hand, was lifted by solid job data while FTSE hitting new record high. Elsewhere, Euro Swiss
U.S. inflation is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management. Wall Street is gearing up for key inflation data later Tuesday, when the Labor Department releases its January consumer price index. It is a widely followed inflation gauge that measures the cost
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Shares of Airbnb rose about 9% in extended trading Tuesday after the company released fourth-quarter earnings that beat analysts’ estimates on top and bottom lines. Here’s how the company did: EPS: 48 cents vs.
Share: Gold price picks up bids to extend the bounce off six-week low. XAU/USD grinds higher as hawkish Fed bets fail to gain acceptance amid softer US inflation. Multiple hurdles stand tall to challenge XAU/USD run-up, bears need validation from $1,850. Second-tier US data, central bank comments eyed for more directions. Gold price (XAU/USD) renews
Cointelegraph’s Crypto Trading Secrets podcast has released its fifth episode, featuring Filbfilb, a cryptocurrency analyst and trader popular on Crypto Twitter. The crypto space has seen several bull and bear markets since the industry began with the launch of Bitcoin (BTC) in 2009. Each overarching crypto bull and bear market has primarily hinged on the
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The US major indices are trading lower in the aftermath of the US CPI data this morning. A snapshot of the market currently shows: Dow Industrial Average -183.77 points or -0.54% at 34062.17 S&P index -22.69 points or -0.55% at 4114.61 NASDAQ index minus 83.53.2 -0.70% at 11808.26 Russell 2000-16.15 points or -0.83% 1924.99 in
Gold price declined by Rs 55 to Rs 56,865 per 10 gram in the national capital on Tuesday, according to HDFC Securities. The precious metal had ended at Rs 56,920 per 10 gram in the previous trade. Silver also tumbled Rs 455 to Rs 66,545 per kilogram. “Spot gold price in the Delhi markets traded