Here is what you need to know on Tuesday, July 19: Following Monday’s poor performance, the dollar continues to weaken against its major rivals on Tuesday with the US Dollar Index pushing lower toward 107.00 in the early European session. Eurostat will release its final revision of June inflation data. Later in the day, Housing
Celsius’s 1.7 million registered users across over 100 countries gave up title to the crypto they deposited into Earn and Borrow accounts, according to the firm’s lawyers. At the first bankruptcy hearing for Celsius on July 18, lawyers from the Kirkland law firm led by Pat Nash detailed how retail users with Earn and Borrow
The GBPUSD has seen the price action bottom in the early hours of the NY session at 1.19516, run up for 3 hours to a high of 1.20326 and then rotate back to the downside and nearly retrace the run higher. The low just reached 1.19522. Technically, the run higher saw the pair move above
Earlier today, Bank of America and Goldman Sachs announced earnings and beat expectations. After opening higher and trading to a high of $33.38, the price of Bank of America has moved back down and trades down $0.04 or -0.12% at $32.17. For Goldman Sachs, they traded as high as $311.25 but have since backed off
LONDON -Oil prices extended gains on Monday, boosted by a weaker dollar and tight supplies as concerns over gas supply from Russia mounted, offsetting demand fears brought on by a possible recession and China lockdowns. Brent crude futures for September settlement rose by $4.41, or 4.26%, to $105.65 a barrel by 1235 GMT, having gained
Dollar, Yen and Swiss Franc are both under some selling pressure today, as overall risk sentiment improved. Sterling is currently the winner and Euro is not too far behind. Canadian Dollar leads commodity currencies, as Kiwi is somewhat lagging despite strong inflation data. The picture will depend on whether stock markets in the US could
Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones estimate and continuing what has been a strong year for job growth, according to data
In this article GS David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $6.58 per share, according to Refinitiv Revenue: $10.86 billion, 29% lower
EURUSD begins a crucial week on the right foot, up by 0.82%. Last week’s US consumer-related data calmed traders’ expectations of a 100 bps Fed hike. EURUSD traders are awaiting the EU’s inflation data and ECB’s monetary policy decision. EURUSD extended gains to two consecutive days after hitting a fresh 20-year low below parity. Since
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In this video I use a 2 Period RSI (Relative Strength Index) to test a FOREX Trading Strategy. I got the idea from a recent video from Scott Welsh. I liked it and decided to test and then modify it for myself. I’m pleased to report that it works well when used on GBP/JPY forex
London trader are heading home with the EURUSD reaching a new high for the day before the clock ticked 5 PM. US traders in the morning session that saw retail sales (better than expected), industrial production (worse than expected) and Michigan consumer sentiment (better than expected). The Fed speak saw Bullard up his 2022 end
Given little else for the market to work with, we are seeing a more straightforward risk positive session with market participants also keeping the focus on the softer dollar from the end of last week. European equities are holding higher with S&P 500 futures now up 0.7% on the day. That is seeing the dollar
NEW DELHI: Gold prices were trading higher on Monday, thanks to the pullback in the US dollar. The dollar slipped against its rivals, moving further away from a near 20-year high hit last week, making greenback-priced bullion less expensive for buyers holding other currencies. Gold futures on were trading higher about 0.45 per cent or
Risk sentiment is positive as another week starts, with major Asian indexes trading higher while Japan is on holiday. Dollar is extending its near term pull back while Yen and Swiss Franc are also soft. On the other hand, New Zealand Dollar is lifted slightly by stronger than expected consumer inflation data, while Aussie and
Commuters travel on the L train system in the Loop on July 27, 2021 in Chicago, Illinois. Scott Olson | Getty Images The U.S. unemployment rate fell for Black women last month even as the overall metric held steady across the board, but labor force participation also slipped for the group. Headline unemployment hovered at
The US dollar has continued to weaken modestly during the Asian trading session after losing some upward momentum towards the end of last week. The scaling back of expectations for an even larger 100 basis points (bps) hike later this month is the main reason for the USD pullback. Scaled back expectations for 100 bps