The major US stock indices are closing higher on the day. Both the S&P and NASDAQ index averted closing below a key 200 day moving average. The NASDAQ index already closed below the 200 day moving average yesterday. However the rise higher today push the index back above that bullish/bearish barometer. A look at the
The dollar is slightly weaker today as bond yields are not extending higher just yet. However, you can sense that there is some apprehension in the air especially as US trading tends to have a life on its own these days. There was a solid turnaround in equities yesterday but perhaps it owes to another
Oil prices slipped in early trade on Friday but were on track to post gains of nearly 2% for the week as a rebound in China‘s factory activity offset growing concerns about rising U.S. crude stocks and potential rate hikes in Europe. Brent crude futures fell 39 cents, or 0.5%, to $84.36 a barrel at
The forex markets saw limited movement in Asian session today, with most major pairs and crosses remaining within yesterday’s range. While Aussie is trading slightly higher, there is no decisive momentum. For the week, Kiwi is currently the strongest, followed by Euro and then Aussie. Meanwhile, Yen is performing worst, followed by Dollar and Swiss
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering. Jeff Greenberg | Universal Images Group | Getty Images Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street’s expectations. The company said it
Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming that the product is the first in the country. The bank guarantee exceeds 100 million Chinese yuan — or nearly $144,600 at the time of publication. According to a statement, the transaction was conducted through the Masterchain blockchain platform, the Russian
Share: The GBP/USD retraces back below the 1.2000 figure after US economic data warranted further tightening by the US Federal Reserve (Fed), as reflected by the US Treasury bond yields reaction. At the time of typing, the GBP/USD exchanges hand at 1.1950, below its opening price by 0.66%. Read More… The GBP/USD pair comes under intense selling
In an earlier post, I spoke to the bounce higher in the EURUSD . The price moved above its 100 hour moving average . However to be really convincing from a technical perspective, getting above the 200 hour moving average at 1.06181 was required. As it played out, the swing low going back to February
Bank of America Global Research maintains a sell-on-rallies bias on GBP over the coming weeks. “Developments since the start of the year can be best described as markets pricing out the tail risks from late-2022 rather than pricing in good news. The evidence from both our positioning and survey indicators points to an investment community
Gold prices declined by Rs 295 to Rs 55,700 per 10 grams in the national capital on Thursday amid weak global trends, according to HDFC Securities. In the previous session, the precious metal had settled at Rs 55,995 per 10 grams. Silver also tumbled by Rs 640 to Rs 64,380 per kg. “Spot gold prices
Dollar is fighting back today as jobless claims data continue to show tightness in the labor market. Following the greenback, Canadian dollar is the second strongest currency, surging in crosses. Meanwhile, Euro has failed to show a bullish reaction to stronger-than-expected consumer inflation data, disappointing traders. The common currency is even retreating notably against Swiss
In this article @GE.1 Follow your favorite stocksCREATE FREE ACCOUNT All eyes on the latest inflation numbers out of the euro zone as market players consider what the ECB will do next. Bloomberg | Bloomberg | Getty Images New data out of the euro zone on Thursday suggested that inflation is taking a while to
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Thursday reported holiday-quarter earnings and revenue that topped Wall Street’s expectations, as waning demand for consumer electronics wasn’t as bad as feared. Still,
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Decentralized storage networks are getting increasingly popular over mainstream centralized providers, such as Amazon Web Services, Google Cloud and Microsoft Azure. The primary reason for the shift is the low cost of operations and security. Some notable decentralized storage platforms are Filecoin, Sia, BitTorrent and Storj. Among these platforms, Storj has developed a new scalable
Share: Investors are showing caution for Asian stocks amid soaring US Yields. Chinese equities have failed to capitalize on upbeat Caixin Manufacturing PMI data. Upbeat Caixin PMI and lower-than-expected US oil inventory report have infused fresh blood into the oil bulls. Markets in the Asian domain have turned cautious as US Treasury yields are soaring