The US dollar plunges 2.5% on Friday to hit six-week lows at 1.3470. A mixed NFP report sends the greenback tumbling. USDCAD is testing the neckline of a potential H&S formation. The US dollar is about to close its worst daily performance in some months with a nearly 1.8% sell-off. The pair has extended its reversal
Considering that protocol-level censorship is deterrent to the crypto ecosystem’s goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the Ethereum network was found to enforce OFAC compliance on over
Before the US jobs report, Greg Michalowski of Forexlive outlined the key levels in play. If you did not see that video, you can find it here. So how did the technical levels play out? Pretty well. What was surprising was the price action. If someone told me the data ahead, I would have the
The US midterms take place on November 8 and it all likelihood we will have a very good idea of who holds that balance of power that night. However that wasn’t the case in the most-recent US election and it might not be the case again on Tuesday. Ballot counting is fraught by different systems,
NEW DELHI: Gold prices moved higher on Friday after the US dollar took a breather. That said, the yellow metal was headed for a second straight weekly drop. The US Federal Reserve’s hawkish policy narrative clouded the outlook for the non-yielding asset. The Fed raised interest rates by 75 basis points and Chair Jerome Powell
Asian markets are very mixed today, with Nikkei trading lower, following US stocks overnight. But strong rebound is seen in Hong Kong and China. As a result, Dollar is paring some of the post-FOMC gains while commodity currencies recover. It’s also possible that traders are lighting up their positions ahead of non-farm payroll data form
Jobs growth came in better than expected in October thanks in part to strong gains in the manufacturing, health-care, and professional and business services sectors. Manufacturing jobs increased by 32,000 last month, boosted by gains in the durable goods industry, according to the Labor Department. That advance brought the sector’s average monthly job gain for
In this article DASH Follow your favorite stocksCREATE FREE ACCOUNT A bike messenger carries a DoorDash bag during a delivery in New York, Wednesday, Dec. 9, 2020. Michael Nagle | Bloomberg | Getty Images Shares of DoorDash popped more than 14% in extended trading Thursday after the food delivery company posted better-than-expected sales and total
The dollar dives 0.9% on the day and hits one-month lows at 146.55. US payrolls increase, but unemployment rises, and salaries slow down. USDJPY: More likely to peak at 155 than at 160 – MUFG. The US dollar is trying to return above 147.00 in the US afternoon trading session, to trim losses after having lost
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The AUDUSD has ripped to the upside helped by higher stocks and hopes for a transition from CHina’s zero-Covid policy (or that is the excuse). Looking at the chart above the lower scale shows the history of the daily % changes for the pair over time. Near the highs for the day, the gain was
US equity markets have given back huge gains and are now trading flat in a trading day that’s had 4-5 big twists already. Price action today is all about China and whether or not it’s reopening. Art Cashin had a great line on CNBC regarding China reopening talk: A rumor without a leg to stand
Gold price in the national capital rose Rs 604 to Rs 50,869 per 10 grams on Friday, amid strong global trends, according to Securities. In the previous trade, the precious metal had touched Rs 50,265 per 10 grams. Silver also jumped Rs 2,061 to Rs 59,477 per kilogram. “Gold and silver prices posted some gains
Canadian Dollar surges broadly after employment blows past expectations. While US non-farm payroll growth was solid, Dollar reacted more to improving risk sentiment and fall sharply. Yen is the second weakest for the day following the greenback. European majors are gaining against the greenback but are all under heavy selling pressure against commodity currencies. Technically,
A Now Hiring sign at a Dunkin’ restaurant on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images The unemployment rate for Black men ticked down in October while it rose for most other groups, but that may be because workers are dropping out of the labor force. The October nonfarm payrolls print
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana fell in extended trading Thursday after the online used car retailer missed Wall Street’s top- and bottom-line expectations for the third quarter and reported declines in revenue, profit and sales compared with a year