AUD/USD lost its traction after rising above 0.7200 on Friday. Market mood turns cautious ahead of the weekend. US Dollar Index turns flat on the day near 92.50. The AUD/USD pair climbed to a daily high of 0.7410 on Friday but lost its traction during the American session. As of writing, the pair was still
NASDAQ down for the second consecutive day The US major indices are all closing lower with the Dow and S&P down for the fourth straight trading day. The NASDAQ has been down for two consecutive days A look at the closing levels shows: Dow industrial average fell -150.84 points or -0.43% at 34880.23. The low
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SINGAPORE: Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in US Gulf of Mexico output following damages from Hurricane Ida underpinned the market. Brent added 23 cents, or 0.32% to $72.83 a barrel at 0221 GMT and West Texas Intermediate (WTI) crude rose 15 cents, or 0.22%,
Overall, the forex markets are rather mixed as we’re heading towards the weekend. Euro is staying weak in European crosses, but selling slowed against Dollar and Yen. Meanwhile, commodity currencies are trading mildly higher, but remain the worst performers for the week. Dollar turned weaker against Swiss Franc and Yen, but there is no range
People walk by a GameStop store in Brooklyn on January 28, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Video game retailer GameStop said Wednesday its fiscal second-quarter losses narrowed as sales rose from a year ago. Shares of the company fell about 2% in extended trading. For the
GBP/USD tracks higher on Friday in the Asian trading hours. US Dollar Index retreats from the previous day’s high to trade stable near 92.50. The sterling gains on hawkish BOE view, UK data eyed. The GPD/USD extends the previous session’s gain on Friday and continues to extend the gains toward 1.3850. The pair is expected to
The 200 hour MA stalled the rally earlier today The EURUSD moved lower and successfully tested its swing area between 1.18002 and 1.18044. The low price reached 1.18045 before bouncing. The bounce higher has now taken the EURUSDs price back toward the high for the day which is also near the 200 hour moving average (green
Natural gas inventories surprisingly rose US natural gas inventories rose by 52 bcf compared to 40 bcf expected a short time ago. Next up is the US EIA oil inventory data, which is delayed from its usual Wednesday release because of Labor Day. Here’s the consensus: Oil -4612K Gasoline -3390K Distillates -2617K Refinery utilization -4.9%
Mastercard’s focus on crypto and digital currencies appears to have taken a greater dimension given the company’s recent move. According to a release on Thursday, the global payments giant has reached an agreement to acquire CipherTrace, a blockchain intelligence firm with crypto forensics capabilities for over 900 cryptocurrencies. As part of the acquisition, Mastercard says
NEW DELHI: Following global trends, gold was trading lower on Thursday. A strong US dollar weighed on the sentiments, whereas investors awaited a policy decision by the European Central Bank (ECB) due later in the day. Gold futures on MCX were down 0.25 per cent, or Rs 118, at Rs 46,920 per 10 gram. Silver
Euro tumbles notably against European majors and Yen today, and ECB’s re-calibration of PEPP purchases provide no support. But Dollar is seen as equally weak. Sterling is currently the star performer for today, followed by Swiss Franc and Yen. Commodity currencies are mixed. Focuses will now turn back to development in stocks and bonds markets,
Health conscious American millennials have found their drink of choice: alcoholic carbonated water that is lower in calories and carbs than beer and wine. A hard seltzer craze is sweeping the United States as Generation Y and Generation Z pursue healthier lifestyles, influenced by viral trends on Instagram and YouTube. TIMOTHY A. CLARY | AFP
Digihost Bitcoin Miner touts itself as a clean bitcoin miner who’s electricity usage is 90% green energy. The chart looks pretty clean, but lets take a look at more details on the company: “Digihost is a Blockchain Technology Company based in the United States with a focus on Bitcoin mining. Our growth-oriented strategy is to
The dollar bid is in flux The abrupt reversal in the US dollar today likely has market participants feeling off balance. In addition, US 10-year yields looked to be breaking higher yesterday only to give it all back and more today. The setup going into tomorrow is uncertain. On the charts, there are a series