Russian Ambassador to the US Anatoly Antonov earlier told Newsweek the West is provoking Russia. “We warn that such actions are dangerous,” the envoy said. “They can lead the US and the Russian Federation onto the path of direct military confrontation.” Meanwhile, the White House national security adviser Jake Sullivan said Sunday that Ukrainian forces are pushing back
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Michelle Legge, head of crypto tax education at Koinly — a cryptocurrency tax calculator and portfolio tracker for traders,
The USDCAD has moved higher following the USDs move higher in the North American session. The Canada jobs report came in around expectations and had limited impact after the release. However, the USD buying has given the pair a push to the upside over the last hour or two of trading. The USDCADs move higher
China reported a seventh consecutive day of record covid cases at 24,101 with 21,222 of those in Shanghai as the outbreak continues to spread. Mass testing is continuing and there’s no end in sight to a lockdown that was supposed to end April 5. Traffic at the airport is largely grounded and the world’s largest
New Delhi: India’s gold imports, which have a bearing on the country’s current account deficit (CAD), rose by 33.34 per cent to $46.14 billion during the 2021-22 fiscal on account of higher demand, according to official data. Gold imports were worth $34.62 billion in 2020-21. The surge in gold imports during the last financial year
James Bullard Olivia Michael | CNBC The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as “behind the curve” as it appears, St. Louis Fed President James Bullard said Thursday. One of the Federal Open Market Committee’s most “hawkish” members in favor of tighter policy, Bullard said a
GBP/USD Weekly Forecast: Downside risks remain intact ahead of a big week GBP/USD booked the second straight week of losses, as bears refused to give in amid hawkish Fed-driven sentiment and risk-aversion. Cable touched its lowest level since November below 1.3000, as King dollar reigned supreme, partly buoyed by the US bond market rout. With
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Incredible as it may seem, digital fashion has developed so much that it already needs its own fashion week with all that implies: from the shows and presentations of new collections to public talks and parties with true DJs. The first-ever digital fashion week took place March 23-27 in Decentraland, a decentralized virtual social platform
The EURUSD has bounced and in the process, moved back above the swing lows from Wednesday and Thursday between 1.0863 and 1.0873. The price is currently trading at 1.0873 which is just below the close from yesterday at 1.0878. The high price reached 1.0879 so far. As outlined in an earlier post, a move back
There’s no end in sight to the lockdown measures restricting 25 million people and the world’s largest port in Shanghai. Daily infections rose to 23,624 nationally in China with the vast majority in Shanghai. A new round of mass testing was ordered and lockdowns are no expected to last through the month. Difficulties in getting
Gold prices inched lower on Thursday as the U.S. dollar firmed after minutes of the Federal Reserve‘s March meeting indicated an aggressive stance to combat inflation, denting the safe-haven metal‘s appeal. FUNDAMENTALS * Spot gold was down 0.2% at $1,922.08 per ounce by 0125 GMT. U.S. gold futures rose 0.2% to $1,926.10. * The dollar
A customer shops at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images The view that higher interest rates help stamp out inflation is essentially
The USD/JPY ended the week on the right foot, gaining 1.42%. High US Treasury yields underpinned the USD/JPY pair. USD/JPY Price Forecast: The pair is upward biased, but it might correct courtesy of RSI showing overbought conditions. The USD/JPY is set to finish the week above the 124.00 mark for the first time in the
The AUDUSD moved lower with the USD buying and “risk off” sentiment. The move lower saw the pair move to a swing area between 0.7420 to 0.7429. That area was a ceiling going back to March 7 to March 21 (see green numbered circles). The push higher in the AUDUSD has now seen the price
The major US indices are closing mixed with the Dow industrial average higher, while the S&P, NASDAQ and Russell 2000 are all lower NASDAQ and S&P is down for the third time in four trading days S&P and NASDAQ have the first weekly loss in four weeks All three major indices close lower for the