Dollar rally continues today and it’s set to end the week on a high note. Risk aversion and rising benchmark yield are both helping the greenback. Swiss Franc is also strengthening a lot. Selling focuses are mainly concentrated on Sterling, Euro, and Yen, even though commodity currencies are also soft. Technically, the rally in CHF/JPY
A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg | Bloomberg | Getty Images LONDON — Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K.
In this article 700-HK Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit the technology giant. Here’s how Tencent did in the second quarter, versus Refinitiv consensus estimates: Revenue: 134.03 billion Chinese yuan ($19.78 billion) vs. 134.6
MNMD stock is up about 20% in Friday’s premarket. MindMed stock is the newest interest of BBBY champion Jake Freeman. Mindmed stock closed up 36% on Thursday. MindMed (MNMD) is at it again. The trendy psychedelic pharma stock has added 19.6% to trade at $1.22 in Friday’s premarket. Much of the interest surrounding the small-cap
Gold prices slipped to a three-week low on Friday and were heading for their first weekly decline in five, as a stronger dollar and prospects of more rate hikes by the U.S. Federal Reserve dented bullion’s appeal. FUNDAMENTALS * Spot gold was down 0.2% at $1,755.89 per ounce, as of 0107 GMT, after falling to
The USDCHF is mired in a narrow 51 pip trading range today. The average of the last 22 days of trading (around a month) is 79 pips. There is room to roam on a “shove” through one of the extremes. . Technically, the low price today held near a swing low price from yesterday afternoon
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Dollar is on the strong side in quiet trading in Asia, together with Yen and Swiss Franc. But the greenback is just staying in familiar range against. On the other hand, Euro and Sterling are the softer ones. Aussie is also trading with an undertone after mixed job data. But overall, most major pairs and
In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday reported second-quarter earnings that beat analysts’ expectations as the company said improved operations offset lower-than-expected sales that were hurt
AUD/USD sellers keep reins during five-day downtrend to refresh fortnight low. Clear downside break of 200-SMA, bearish MACD signals direct sellers towards the key support line. Weekly resistance line adds to the upside filters, 61.8% Fibonacci retracement level becomes additional support. AUD/USD remains on the back foot as sellers attack the 0.6900 threshold while poking
Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms in regards to the potential effects of their energy consumption on the environment. In letters dated Wednesday to Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining, U.S. lawmakers
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Gold in the national capital on Thursday fell Rs 32 to Rs 52,224 per 10 grams, according to Securities. In the previous trade, the yellow metal had finished at Rs 52,256 per 10 grams. Silver also declined Rs 348 to Rs 57,298 per kg from Rs 57,646 per kg in the previous trade. In the
The AUD is the strongest and the CHF is the weakest as the North American session begins. The weekly initial jobless claims, Philly Fed Manufacturing index (remember Empire Manufacturing plunged to -31.3 on Tuesday vs 11.1 the previous week), and Canada producer prices will be released at the bottom of the hour. Existing home sales
Headlines: Markets: AUD leads, EUR lags on the day European equities higher; S&P 500 futures up 0.2% US 10-year yields down 3 bps to 2.865% Gold up 0.6% to $1,770.83 WTI crude up 1.2% to $89.20 It was a quiet session that featured some indecisiveness among traders and investors, after having failed to gather any
The markets are generally rather quiet today, with major pairs and crosses trading inside yesterday’s range, as well as last week’s range. For now, Dollar is the strongest ones, followed by Sterling and then Euro. Australian and New Zealand Dollars are the weakest. Yen and Swiss Franc are mixed together with Canadian. Technically, Dollar’s rally