Dollar’s decline continues in early trading, fueled by weaker-than-expected upstream inflation and job data, pushing the greenback to its lowest level against Euro this year. The Swiss Franc emerges as today’s biggest winner, bolstered by falling benchmark yields in Germany and the UK. Meanwhile, Euro benefits from hawkish remarks by ECB officials, while Australian dollar
LONDON — The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity. Data on Thursday showed a steady GDP in February, missing consensus expectations of 0.1% growth. Both the services and production sectors contracted, partly offset by a record 2.4% expansion in construction. This followed an upwardly revised 0.4%
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT Airbus A330 Neo widebody aircraft meant for Delta airlines being tested in Toulouse, France. Nurphoto | Nurphoto | Getty Images Delta Air Lines posted a wider loss than it previously estimated for the first three months of the year but forecast revenue growth and profits
The success of Web3 is dependent upon solutions to the security issues posed by distinct application structures. Web3 security companies are responsible for ensuring that blockchain-based platforms and applications are protected from cyber threats. These companies offer a variety of services, including smart contract auditing, security testing and incident response. PureFi, a decentralized finance (DeFi)
Share: In light of the recent price action, GBP/USD is now expected to meet the next up barrier at 1.2525 seconded by 1.2600, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: “Our view of range trading in GBP was incorrect as it soared to a high
The NASDAQ index is trading at new session lows, with the price reaching 11935.04. The current price stands at 11936.80, down -96 points or -0.80%. Technically, the decline has pushed the index below its rising 100-hour moving average, currently at 11961.50. This marks the first time the price has traded below this moving average since
At the time of writing, the CME Fedwatch Tool is indicating roughly 69% odds that we will see a 25 bps rate hike next month. The remaining 31% odds are siding with no change, and overall pricing hasn’t changed drastically from before the US CPI data yesterday and earlier this week here. While you would
The impact of El Nino is proportional to its severity. This time, we anticipate a weak El Nino as opposed to a strong El Nino, a similar scenario in 2014 and 2018. In both years, India’s staple grain production was unaffected. We do not believe we should be unduly concerned about crop production at this
Australian Dollar is having a broad recovery in Asian session today, bolstered by improvements in both consumer and business confidence data. While the rally’s strength is still limited, Aussie appears to have some room for further upside before encountering near-term resistance levels. European majors follow as the next strongest, with Sterling holding a slight advantage
In this article RENT Follow your favorite stocksCREATE FREE ACCOUNT A worker moves clothing in the storage area at Rent the Runway’s “Dream Fulfillment Center” in Secaucus, New Jersey, U.S., September 11, 2019. Andrew Kelly | Reuters Rent the Runway’s losses narrowed in its fiscal fourth-quarter earnings reported Wednesday as the digital retailer continues to
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Share: San Francisco Federal Reserve Bank President Mary Daly said that they had good news on inflation but added that she doesn’t want to forecast the end of the tightening cycle, as reported by Reuters. Key takeaways “Bank stresses have stabilized.” “We have tools for monetary policy, financial stability and they don’t compete with each
The USDJPY moved down after the US CPI data. Yields moved sharply to the downside with the two-year yield moving to a low of 3.876%. However the deal that’s since rotated back to the upside and currently trades at 4.014%. That is still down on the day but well of the low. The 10 year
Goldman Sachs has lowered its terminal fed target range to 5.0% -5.25% from 5.25% to 5.5%. They see a May 25 basis point hike but no longer see a June hike of the same magnitude. They site the expectations for shelter costs to start to come down lowering the need for the Fed to continue
NEW DELHI: Gold and silver futures started Wednesday’s session on a strong note ahead of key inflation data from India and the US and Federal Reserve policy minutes. The June gold futures rose Rs 260 or 0.43% per 10 grams to Rs 60,765 while May Silver futures were trading at Rs 75,677 per kg, up
The overall set of US consumer inflation reports appears to have been well received by investors. DOW futures jumped over 200 points following the release and maintained most of the gains before open, while treasury yields tumbled at both short and long ends. Although Fed is still on track to deliver another rate hike in
Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The consumer price index, a widely followed measure of the costs for goods and services in the U.S. economy, rose 0.1% for the month against a Dow Jones estimate for 0.2%, and 5% from a year
The French government is seeking public comment on the metaverse, or what it’s calling the “virtual immersive universe,” to shape “a French strategy” for the up-and-coming sector and offer an alternative to the “international giants.” On April 11, France’s Directorate General for Enterprise issued a consultation calling upon companies, associations, citizens and researchers to answer