A gauge the Federal Reserve prefers to measure inflation rose 4.9% from a year ago, the biggest gain going back to September 1983, the Commerce Department reported Friday. The core personal consumption expenditures price index excluding food and energy was slightly more than the 4.8% Dow Jones estimate and ahead of the 4.7% pace in
Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters Chevron shares declined Friday after the company reported a mixed quarter, despite surging oil and gas prices. Chevron earned $2.56 per share excluding items during the
Analysts at MUFG Bank, have a trade idea of a long position of the USD/ZAR, with an entry level at 15.500, a target at 16.300 and a stop loss around 15.000. They point out that broad dollar strength is already starting to weigh more heavily on the South African rand again. Key Quotes: “The ZAR
The post-Fed sentiment was the catalyst for the latest leg higher in the dollar this week. Powell & co. offered a more hawkish tilt and that was enough to see markets scramble to price in five rate hikes by the Fed this year. In turn, the dollar has surged higher as yields also climbed –
Dollar remains overwhelmingly the strongest one for the week, as boosted by intensified Fed hike expectations. Sterling is trying to catch and trading as the next stronger, with special help from buying against Euro. Australian and New Zealand Dollar are taking turns to be the worst performer. Euro and Swiss Franc are not too far
The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. The first version of the new DEX called Sonic launched to mainnet on Sunday.
Cable gained a few points during the session while USD/CAD lost some ground. There were no fresh catalysts to trigger the moves. News and data flow as a whole was minor only. We got Tokyo-area inflation (this precedes national Japan inflation data by three weeks), once again showing core inflation well below the BOJ target.
NEW DELHI: Gold prices were flat on Friday, marginally higher, but the yellow metal is set for its sharpest weekly decline since November 2021. Markets digested the US Federal Reserve’s policy tightening plans for 2022 that propelled the dollar index to a multi-month peak. Gold futures on MCX gained 0.10 per cent or Rs 46
A home for sale in Susanville, CA. Gary Coronado | Los Angeles Times | Getty Images Rising interest rates are causing big headaches for mortgage lenders, especially those who depend most on refinance business. Demand is simply drying up. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less)
In this article AAPL Tim Cook participates in a panel discussion in New York City. Brian Ach | Getty Images Apple reports fiscal first-quarter earnings after the bell. The quarter includes Apple’s holiday sales. It’s also the first full quarter of iPhone 13 sales, which will provide a data point about how Apple’s latest phone
EUR/USD licks its wounds at the lowest levels in 19 months, recently easing from intraday high. Markets remain lackluster amid mixed concerns over Russia-Ukraine and softer start to Friday. ECB’s Kazimir expects near-term increase in inflation, improvement in German Consumer Confidence teases ECB hawks ahead of key GDP. US Q4 GDP jumped, inflation expectations gained
It wasn’t long ago that the headlines were extolling the valuation of Apple extending above $3T. Since the price reached that milestone back on January 4th, the price has been moving down and down since. Of course the overall market is lower as well. The price of Apple is currently down about 13.4% from that
Dollar’s strong post-FOMC rally is given another boost in early US session by much better than expected Q4 GDP data. Latest jobless claims figures also suggest stabilization from the impact of Omicron. But for now, the strength is mainly centered against European majors and Yen. Canadian Dollar is indeed lifted slightly as oil prices extend
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The February Henry Hub natural gas contract has exploded in an Amaranth-style move to $7.25 from $4.20 earlier today, gapping more than 70% higher. The contract settles in a few minutes and the volume is just 4829 contracts so far but it’s clear that someone has been caught out by delivery. Unlike Amaranth, this doesn’t
New Delhi: Gold in the national capital on Thursday plunged Rs 563 to Rs 48,215 per 10 grams amid weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious settled at Rs 48,778 per 10 gram. Silver also tumbled Rs 1,186 to Rs 62,792 per kg from Rs 63,978 per