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The USDCAD moved lower into the NY open, but the price rebounded higher after the higher CPI data. However, the high price of the USDCAD stalled near earlier swing highs from yesterday and a late day swing high as well near 1.3038. Of note is those highs bookended a move up to 1.30515. That break
That’s quite the drop in yields this week, with the peak in 10-year yields having hit 3.20% on Monday. We’re now 35 bps down from there to 2.85% as the bid in bonds continue to stay the course this week. There are plenty of moving parts when it comes to bond market flows at the
NEW DELHI: Gold prices gained mildly on Thursday as the yellow metal cheered the fall in US treasury yields after US consumer price data suggested inflation might have peaked in April. A weaker dollar makes gold attractive for overseas buyers, while lower Treasury yields reduce the opportunity cost of holding zero-yield bullion. Gold futures on
With the help from risk aversion and extended pull back in benchmark global treasury yields, Yen’s rebound is making some progress. US 10-year yield is back below 2.9% handle in Asian session while Germany 10-year bund yield also broke 1% yesterday. Euro and Dollar are still relatively firm on risk-off sentiment. On the other hand,
A worker grinds a weld on a safe that is being manufactured at Liberty Safe Company on March 22, 2022 in Payson, Utah. George Frey | Getty Images The Covid pandemic sent more than 8 million workers to the sidelines at one point, including many folks who decided it was the right time to retire
In this article DIS In this photo illustration a close-up of a hand holding a TV remote control seen displayed in front of the Disney+ logo. Thiago Prudencio | SOPA Images | LightRocket | Getty Images All eyes will be on Disney’s streaming numbers when the company reports its fiscal second-quarter earnings results after the
Commodity prices broadly remain clearly above pre-covid levels. In the opinion of economists at Danske Bank, persistent supply challenges will likely maintain metal prices clearly above pre-covid lows for the time being. Metals supply has declined broadly, not just in Russia “Tight supply still points towards metal prices remaining at elevated levels, while Chinese infrastructure
Despite steadily declining prices of Bitcoin and turmoil on the markets today, some of the largest mining companies are unfazed and insist their operations will not be affected by negative price volatility. Some even see it as an opportunity to gain market share as smaller competitors collapse. Bitcoin (BTC) prices have been on a steady
The USDCHF has been moving up sharply higher since bottoming on March 31 at 0.9194. The price is up 24 of last 28 trading days. Day 29 today is down after reaching a new cycle high yesterday at 0.99743. The move higher has seen the price move up some 780 pips over that time period.
The major European indices are closing higher on the day. The German Dax, France’s CAC, Spain’s Ibex and Italy’s FTSE MIB are all up about 2% (or higher) on the day. The provisional closes are showing: German Dax, up 2.1% France’s CAC, up 2.5% UKs FTSE 100, up 1.4% Spain’s Ibex, up 2.1% Italy’s FTSE
May 11: Oil edged lower in early Asian trade on Wednesday, sustaining the previous session’s weakness that was caused by risks to demand from an economic recession and on uncertainty about an embargo on Russian oil by the European Union. Brent crude was down 86 cents, or 1.1%, at $101.60 a barrel by 0002 GMT.
As initial reactions to higher than expected headline and core CPI readings, Dollar is trying to resume its near term advance, which stocks futures are paring gains. The question is how sustainable the rally could be. Euro was rather indifferent to hawkish comments from ECB officials, who continued to talk up the chance of a
Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a
In this article RBLX David Baszucki, Co-Founder and CEO, Roblox, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Roblox shares fell about 10% in extended trading on Tuesday after the kids’ video game company issued first-quarter results that trailed analysts’
US dollar jumps and then makes a full pullback. Mexican peso gains on risk appetite. Banxico’s decision due on Thursday. USD/MXN upside capped by 20.45, testing the 20-day SMA. The USD/MXN made a run to 20.46 after the release of US inflation data, reaching the highest level in a week. Then, amid a general reversal
With bitcoin off roughly 55% from its November high and almost half of holders now in the red, according to data from Glassnode, it may be easy to lose sight of just how valuable the blockchain could become in the not-so-distant future. Proponents of the digital currency have long hailed it as an inflation hedge,