Share: GBP/USD bears move into the 1.2450s that are holding up currently. 1.2480/2500 is eyed to the upside should the bulls take over. GBP/USD is down on the day by some 0.45% and has fallen from a high of 1.2540 to a low of 1.2448 on the day as speculators continue to cut their short GBP positions.
WTI crude all features are settling the day and the week at $70.04. The price is down -$0.83 or -1.17%. The low price reached $69.93. The high price reached $71.78. For the trading week crude oil prices are down $1.28 or -1.79%. That is the 4th down week in a row. From the swing high
The USD is the ending the day as the strongest of the major currencies, while the NZD is the weakest. The move higher in the greenback can be attributed to: Higher inflation expectations from the University of Michigan Consumer survey Concerns about the debt ceiling leading to a flight to safety flow into the greenback
Oil markets regained some ground in early Asian trade on Friday with traders engaged in short-covering ahead of the weekend, but uncertainties regarding the U.S. debt ceiling and renewed fears over a U.S. regional banking crisis capped gains. Brent crude futures rose by 36 cents, or 0.5%, to $75.34 a barrel by 0051 GMT. U.S.
In the wake of comments from BoE Governor Andrew Bailey suggesting a potential pause in rate hikes, Sterling has taken a sharp downward turn overnight. Despite the expected 25bps hike yesterday, Bailey’s interview with Bloomberg TV sent ripples through the market, causing a broad sell-off of the Pound. With UK GDP data on the horizon,
German Finance Minister Christian Lindner hopes American lawmakers will be “mature” over the debt ceiling negotiations to avoid further headwinds for the global economy. U.S. Congress is trying to find a compromise on the debt limit — which refers to the maximum amount of money that the two chambers allow the federal government to borrow.
In this article RKLB Follow your favorite stocksCREATE FREE ACCOUNT Electron rockets undergo preparation for launch. Rocket Lab Rocket Lab’s revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its future Neutron vehicle. The company reported a
Share: The Board of Directors of the Bank of Canada (BoC) announced on Friday the appointment of Rhys R. Mendes as Deputy Governor, effective July 17, 2023. “As Deputy Governor, Mr. Mendes will join the Bank’s Governing Council, which sets the strategic direction of the Bank and is its policy-making body. He will oversee the
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The DXY is making a break for it today. Looking at the DXY hourly chart above, the price has moved above the swing high from May 2 at 102.40 and is breaking outside of an up-and-down trading range mostly between 101.00 to 102.40 (see red box on the chart above). On the top side, the
The major European indices are closing the day with gains across the board: German DAX rose 0.50% Frances CAC rose 0.45% UK’s FTSE 100 rose 0.31% Spain’s Ibex rose 0.56% Italy’s FTSE MIB +1.0% For the trading week: German DAX fell -0.30% Frances CAC fell -0.24% UK FTSE 100 fell -0.31% Spain’s Ibex rose 0.95%
NBCUniversal’s chair of global advertising and partnerships, Linda Yaccarino, will follow Elon Musk as the next CEO at Twitter. According to a May 12 tweet from Musk, Yaccarino will leave her position at NBCUniversal, where she has worked for more than 11 years. As the next CEO of Twitter, she will “focus primarily on business
Gold prices tumbled Rs 710 to Rs 60,970 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities. The yellow metal had settled at Rs 61,680 per 10 grams in the previous trade. Silver also plummeted Rs 2,690 to Rs 73,445 per kg. “Gold prices in the Delhi
Dollar is capitalizing on its recent rebound in early US sessions, bolstered by data that showed a 0.4% month-on-month rise in import prices for April – marking the first increase since late 2022. This resurgence places the Greenback on track to be this week’s top performer, trailed by Japanese Yen and Swiss Franc. This picture
A member of the public walks through heavy rain near the Bank of England in May 2023. Dan Kitwood | Getty Images News | Getty Images LONDON — The U.K. economy grew by 0.1% in the first quarter, following an unexpected contraction in March, official figures showed on Friday. Economists polled by Reuters had forecast
In this article SPCE Follow your favorite stocksCREATE FREE ACCOUNT An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023. Virgin Galactic Virgin Galactic is aiming to fly its first spaceflight in nearly two years later this month, but the company’s first