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Dollar’s broad based rally continues in Asian session today and looks set to have a strong close for the week. Talking about weekly performance, Yen is following the greenback as the next strongest. New Zealand Dollar and Australian Dollar are competing for the worst performing spot. European majors are mixed with Euro, Sterling and Swiss
Dow industrial average down for the third consecutive day The US major indices are ending with mixed results. The Dow industrial average was the worst performer thanks to a sharp decline in Disney shares. The S&P is closing modestly higher while the NASDAQ index had decent gains, but is closing well off the highs: S&P
Forex news for Asia trading on Friday 12 November 2021 The move higher for the USD on Thursday in the US carried on in Asia today albeit in more limited ranges. USD/JPY scaled heights above 114.25 and USD/CHF, too, added gains. EUR, GBP, AUD, NZD, CAD all fell, to varying degrees. Data flow was barely
MELBOURNE: prices drifted lower on Friday, wiping out gains from the previous session, as the continued to rise on bets the U.S. central bank will bring forward plans to raise rates to tame inflation. U.S. West Texas Intermediate (WTI) crude futures fell 26 cents, or 0.3%, to $81.33 a barrel at 0128 GMT, reversing Thursday’s
U.S. President Joe Biden speaks on the bipartisan infrastructure deal at the Port of Baltimore in Baltimore, Maryland, on Wednesday, Nov. 10, 2021. Samuel Corum | Bloomberg | Getty Images As government economists work to find ways to combat soaring inflation and ease supply chain disruptions, President Joe Biden is leaning on his ability to
The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Commercial production and deliveries of Lordstown Motors‘ first product, an all-electric pickup called the Endurance, are once again being pushed back, the company said
Moody’s Investors Service is out with its latest assessment of the Asia-Pacific economies, offering a stable outlook on the region. “Most will rebound, helping to support debt stabilisation at higher levels than pre-pandemic,” Moody’s said in its report. Market reaction The Asian stocks are a big bag in the final trading day of the week,
Selloff in Canadian Dollar gathers pace today as WTI oil price is quickly heading back towards 80 handle. Other commodity currencies are also weak, with Aussie weighed down by poor job data. On the other hand, Dollar is staying firm without clear sign of loss momentum yet. Yen is also not performing too bad, as
Back below the 100 day moving average The NZDUSD quickly dip to a new low after breaking below the earlier session low of 0.7012. The low price reached 0.70058 but quickly bounced higher. The pair currently trades at 0.7014. Despite the bounce, looking at the five minute chart above, the sellers still remain in firm control. The corrective high off
In our latest in-depth video, Cointelegraph shares six key tips on how to increase your safety when investing in DeFi by identifying rug pulls — One of the most widespread types of crypto scams. Booming growth coupled with a lack of oversight by traditional authorities has attracted an influx of fraudsters to the DeFi ecosystem. According
Forex news from the European trading session – 11 November 2021 Headlines: Markets: GBP leads, CAD lags on the day European equities mostly higher; S&P 500 futures up 0.3% Gold up 0.4% to $1,857.60 WTI down 0.8% to $80.67 Bitcoin up 0.8% to $64,797 The dollar continued its advance after the hot US CPI data
inflation has been bad news for gold. Now it’s giving the metal a shot in the arm. While bullion is often bought as a way to protect wealth when consumer prices are climbing, this year’s inflation had weighed on the metal as investors bet that it would spur the Federal Reserve to scale back huge
Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images The IRS announced higher federal income tax brackets and standard deductions for 2022 amid rising inflation. The consumer price index surged by 6.2% in October compared to the previous year, the biggest jump in more than three decades.
In this article OPEN Eric Wu, founder and chief executive of Opendoor, a start-up company that flips homes, at their San Francisco headquarters, May 18, 2017. Christie Hemm Klok | The New York Times A week after Zillow announced its sudden departure from the home-buying market, rival Opendoor reported third-quarter results that topped estimates and
On Thrusday, the Bank of Mexico (Banxico) will announce its decision on monetary policy. Market consensus points to a 25bp rate hike while some analysts see a 50bp hike. Analysts at Wells Fargo side with financial markets and expect a 50 bps rate hike; however, should consensus be proved accurate, the Mexican peso could come
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