TOKYO: Oil prices slid on Friday and were on track for weekly losses as strong U.S. economic data heightened concern that the Federal Reserve will continue tight monetary policy to tackle inflation, which could hit fuel demand even as crude stockpiles grow. Brent crude futures dropped 49 cents, or 0.6%, to $84.65 per barrel by
Despite another rally attempt overnight, Dollar failed to break through near term range against others except versus Yen. The Japanese currency was licking wounds in Asian session but remains the worst performer for the week, following extended rebound in US and European benchmark yields. Canadian is the next weakest followed by Sterling. On the other
Consumer debt hit a fresh record at the end of 2022 while delinquency rates rose for several types of loans, the New York Federal Reserve reported Thursday. Debt across all categories totaled $16.9 trillion, up about $1.3 trillion from a year ago, as balances rose across all major categories. Despite a decline in originations, mortgage
In this article DASH Follow your favorite stocksCREATE FREE ACCOUNT A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Shares of DoorDash jumped as much as 6% in extended trading Thursday after the food delivery company reported better-than-expected sales
Share: GBP/USD takes offers to refresh multi-day low, drops for the third consecutive day. Clear downside break of six-week-old trend line, bearish MACD signals favor sellers. Nearly oversold RSI (14) suggests limited room towards the south. 50-SMA holds the key to buyer’s conviction, 1.2000 threshold guards immediate upside. GBP/USD stands on slippery grounds as it
According to a press release published on Feb. 16 by Norway’s National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim), authorities have seized 60 million Norwegian Kroner ($5.85 million) in stolen cryptocurrencies linked to the Axie Infinity Ronin Bridge hack last March. According to senior public prosecutor Bender, “Økokrim is good at
With a slew of data out today and Fed speakers on the schedule, the EURUSD is in a narrow 43 pips trading range. That compares to 86 pip average over the last month of trading. The price tried to move higher in the European session, but found willing sellers against its 200 hour moving average
The major US stock indices are opening lower as traders react to the higher-than-expected PPI and expectations for more Fed hikes. The Fed’s Mester is starting the Fed speak today with a more hawkish tone. The declines in the stocks are being led by the NASDAQ index which is currently down -1.3%. The S&P index
Oil prices edged lower on Thursday after a large build in U.S. crude inventories but continued to trade in a narrow range as hopes for a Chinese demand recovery remained in focus. Brent crude futures fell 36 cents, or 0.42%, to $85.02 a barrel by 1042 GMT. U.S. West Texas Intermediate (WTI) crude futures were
Dollar is apparently trying for a breakout in early US session after strong PPI inflation data. US futures also tumble while 10-year yield jumps. Still, The greenback is staying in range so far except versus Yen. As for the week, Yen is still the worst performer followed by Kiwi and then Canadian Euro is the
Inflation rebounded in January at the wholesale level, as producer prices rose more than expected to start the year, the Labor Department reported Thursday. The producer price index, a measure of what raw goods fetch on the open market, rose 0.7% for the month, the biggest increase since June. Economists surveyed by Dow Jones had
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT 07 December 2022, Berlin: Pam Kaufman, President & CEO Paramount, joins us for the Paramount+ launch event. The Paramount+ streaming service is now available in Germany. Jörg Carstensen | Picture Alliance | Getty Images Paramount Global said it saw its streaming business grow during the
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The AUDUSD trended lower in trading today and is the weakest of the majors. However, it has found some support in a swing area floor that has formed going back to early January (see red numbered circles). Looking at the hourly chart, that floor comes in between 0.68549 and 0.68706. The low price today reached
Kolanovic on the surge in short-dated options trading interest, warning of a return of the 2018 ‘Volmageddon’ volatility implosion episode Says the most recent proliferation of options with zero days to expiry has similar potential to create market turmoil Kolanovic: “While history doesn’t repeat, it often rhymes” the selling of these “daily and weekly options