The aussie is weakest in the G10 over the past week. The USD’s support from Federal Reserve expectations suggests scope for a probe of the 0.7000/50 area in coming days, economists at Westpac report. RBA likely to note the downside risks from the new covid variant but reserve judgement “It is likely to be difficult
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +4.27 mmb to 1222.16 mmb in the week ended November 26. Crude oil inventory dropped -0.91 mmb to 433 mmb, compared with consensus of a -1.24 mmb decrease. Inventory increased in 3 out of
Major indices close at session lows erasing solid gains in the process The major US stock indices snatched defeat from the jaws of victory. The stock market was digesting the second of testimony from Treasury Secretary Yellen and Fed chair Powell. However, a headline that the US had their first confirmed case of the omicorn
The 1st Omicron case in the US The CDC/Dr. Fauci has added that The omicron patient was fully vaccinated and has mild symptoms. The individual is a travelers from So Africa on November 22. The individual is self quarantining and those in contact have not contacted the virus The individual had mild symptoms The indivdual was fully vaccinated.
New Delhi: Gold in the national capital on Wednesday tumbled Rs 302 to Rs 46,848 per 10 gram reflecting an overnight decline in international precious metal prices along with rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,150 per 10 gram. Silver also dipped Rs 81
A customer carries her purchases during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Strong consumer demand sparked a wave of CEO optimism about the economy over the next six months, the
In this article BIRD A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds said Tuesday that its third-quarter revenue rose 33% from last year, while its losses widened as the cost of opening stores and listing its
The USD recovers some of Tuesday’s losses, as the shared currency finished in the green, amid Fed’s Powell hawkish comments. EUR/USD found dynamic support at the 50-hour simple moving average (SMA). Fed’s Powell favors a faster taper and expects inflation to moderate by 2022. During the New York session, the EUR/USD moderately falls, down some
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Dollar attempted for a rally overnight after hawkish comments from Fed Chair Jerome Powell, but momentum quickly faded. Instead, the greenback was dragged down by extended weakness in benchmark treasury yields. Overall market sentiment is stable in Asian session, helping commodity currencies rebound. Aussie is additionally lifted by better than expected GDP data. But then,
USD/JPY up close over 40 pips on the day to 113.55 currently The rebound today comes after buyers staved off a daily close below the 9 November low @ 112.73 as the greenback recovered some poise late on yesterday amid Fed chair Powell’s hawkish surprise. We are seeing buyers build on that in a push
The health office of the German state of Baden-Wuerttemberg reports Three of the infected persons are said to have returned from a business trip to South Africa on 26-27 November respectively, with the fourth person a family member of one of the returnees. The statement reads: “All four people are fully vaccinated. A mutation analysis
Upcoming NFT based mobile role-playing game Guild of Guardians has sold out two tranches of its native token (GEMS) totaling $5.3 million. The token sale, held on Coinlist on Nov. 30 was oversubscribed 82 times, with around 808,000 users registering. More than 10,700 new GEM holders from over 100 countries purchased a maximum of $500
MELBOURNE: Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant. U.S. West Texas Intermediate (WTI) crude futures rose 78 cents, or 1.2 per cent, to $66.96 a
Recruiters speak with potential applicants during a job fair in Leesburg, Virginia, on Oct. 21, 2021. ANDREW CABALLERO-REYNOLDS | AFP | Getty Images Claims for unemployment benefits dipped to their lowest point in more than 50 years the week before Thanksgiving — a remarkable rebound from the nosebleed levels earlier in the Covid-19 pandemic. The
In this article CRM Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce. Kim Kulish | Corbis News | Getty Images Salesforce reported fiscal third-quarter earnings on Tuesday for the period ending Oct. 31, beating Wall Street expectations on earnings and sales. But shares fell over 6% in extended trading after earnings