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
Dollar is trading on the softer side again as focus turns to CPI report from the US today. While the markets are finally buying in that federal fund rates would peak above 5% level, there are already some bets on a higher terminal rate. Meanwhile, the bets on a rate cut this year is receding
Inflation turned higher to start 2023, as rising shelter, gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday. The consumer price index, which measures a broad basket of common goods and services, rose 0.5% in January, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones had
In this article KO Follow your favorite stocksCREATE FREE ACCOUNT Nurphoto | Getty Images Coca-Cola on Tuesday reported quarterly revenue that beat analysts’ expectations, driven by higher prices on its drinks. But those higher prices have hurt demand for Coke products like Simply Orange Juice and Fairlife Milk. Coke said its unit case volume, which strips
Share: Gold price has rallied on the back of US CPI. Federal Reserve expectations are little changed, fuelling the bid in the Gold price. The Gold price is choppy as the markets digest the comprehensive inflation data that has been released from the United States of America. US Consumer Price Index has come out in
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The NZDUSD moved up today and in the process, the price moved up to test the 200 hour MA at 0.6362. The sellers leaned against the level and the price has modestly come off the MA level. In the new trading day, the swing are between 0.6345 and 0.6348 will be targeted on more selling.
National Australia Bank business survey. The twin headlines from this are: business confidence, comes in at +6 in January from 0 in December business conditions +18 in January, from +13 in December Of the two ‘conditions’ is the more objective measure. Confidence is of course a sentiment. Some of the sub-measures in the survey: sales
New York, Oil prices eked out modest gains as market participants weighed Russia’s plan to cut its oil production. The West Texas Intermediate (WTI) for March delivery rose 42 cents, or 0.53 per cent, to settle at $80.14 a barrel on the New York Mercantile Exchange. Brent crude for April delivery added 22 cents, or