In this article CRM Marc Benioff, co-CEO of Salesforce.com Inc., speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Tuesday, May 24, 2022. Hollie Adams | Bloomberg | Getty Images Salesforce shares rose 7% in extended trading on Tuesday after the enterprise-software maker reported fiscal first-quarter results that surpassed analysts’
EUR/USD is juggling around 1.0733 ahead of multiple economic events. An improvement is expected in the eurozone jobless rate at 6.7% vs. 6.8% earlier. ECB policymaker is expecting two consecutive rate hikes in June and September by 25 bps. The EUR/USD pair is displaying back and forth moves in a narrow range of 1.0730-1.0740 in
The EURUSD this week found early buyers against its 100 hour moving average on Wednesday, and again yesterday. In trading today, the dip lower after reaching new highs going back to April 25 once again saw the 100 hour moving average stalled the fall. The 100 hour moving average is currently at 1.0700 the low
Money markets now expect a 115 bps worth of tightening by the ECB by year-end, with 40% odds of a 50 bps rate hike in July. That is seen up from the 110 bps priced in at the end of last week. However, with headline inflation crossing 8%, it isn’t just so much a story
Gold prices were trading mildly lower on Tuesday following strong bond yields and strength in the US dollar, which dented the bullion’s appeal. The yellow metal is headed for a straight second monthly loss. Higher US 10-year treasury yields lower the appeal of zero-yield gold, while a stronger dollar makes greenback-priced bullion more expensive for
Canadian Dollar is trading as the strongest one so far for the week. Rising oil price is giving extra support to the Loonie, on the back of improving overall risk sentiment. Aussie and Euro are firm behind too. Yen remains the worst performing one, followed by Swiss Franc and Dollar, while Sterling is mixed. US
USD/JPY gained traction for the second straight day amid resurgent USD demand. The risk-off impulse benefitted the safe-haven JPY and capped gains for the major. The mixed fundamental backdrop warrants caution before placing fresh bullish bets. The USD/JPY pair built on the previous day’s positive move and gained some follow-through traction for the second successive
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Pseudonymous Shiba Inu (SHIB) founder ‘Ryoshi’ has walked away from the community after deleting all of their Tweets and blog posts this week. Much like Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the project launched in August 2020. Additionally, they have also held a hands-off approach to the memecoin much like
The UDSJPY has traded down and back up and trades modestly lower vs. the close from yesterday. The current price is trading at 126.94. The price closed at 127.07 yesterday. Looking at the hourly chart above, the high price today reached 127.192. That was just short of the falling 100 hour moving average (blue line
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Oil prices rose to two-month highs on Monday as traders waited to see if the European Union would reach an agreement on banning Russian oil ahead of a meeting on a sixth package of sanctions against Moscow for its invasion of Ukraine. Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at
Commodity currencies are trading broadly higher today, with help from risk-on sentiment, with Aussie and Loonie competing for the first place. Selloff are mainly centered Yen and Swiss Franc, and to a lesser extent Dollar. Euro and Sterling are mixed for the moment. The moves could intensify further on relatively lower liquidity with US on
The weekly correction into the 38.2% Fibonacci has a confluence with the May swing lows. A firm break through the resistance will be needed if the bulls are going to stay in control towards 0.6720. The NZ dollar is attracting a bid as the US dollar nurses last week’s losses and continues to bleed out on Monday. As
The USDCAD moved lower in the early Asian session and in the process broke below its 50% midpoint of the move up from the April 21 low. That level comes in at 1.27677. The price has stayed below that midpoint level since the break. Stay below the 50% retracement and the sellers remain in firm
It’s a quiet trading day but we’re carrying over the themes from last week with the dollar keeping lower for the most part while equities are looking to extend the bounce from last week. I categorised last week’s move as that of markets looking for some breathing room after the moves from April to early
Gold prices were trading mildly higher on Monday as the weakening US dollar buoyed greenback-priced bullion, although gains were capped by some investors turning to riskier assets in Asia. Federal government offices, stock and bond markets, and the Federal Reserve will be closed on Monday for the Memorial Day holiday in the United States. Gold