Euro and Swiss Franc rise broadly as the markets are approaching the weekly close. On the other hand, Canadian Dollar is reversing some of this week’s gains, while Dollar is following as second weakest for the day. As for the week, the Loonie is still the strongest, followed by Kiwi Swiss Franc is the weakest
Palantir Technologies CEO Alex Karp arrives at the “Tech for Good” Summit in Paris, France May 15, 2019. Charles Platiau | Reuters Data-analytics company Palantir released its second-quarter earnings, beating Wall Street’s expectations for revenue and giving upbeat guidance for the current quarter. Shares of the company were up more than 5% premarket. Here’s how
GBP/USD Weekly Forecast: Sterling capped by looming Federal Reserve policy change Sterling stalls near the middle of its six-month range. UK economic data improves, promising an advance in the third quarter. Covid cases climb but future direction and impact are uncertain. FXStreet Forecast Poll is bullish but the gains are minor. Sterling declined on the
Another case of the summer lull casting itself over Europe today The greenback is mostly little changed across the board, though the euro and yen are keeping mild gains of 0.1% against the dollar in European morning trade so far. That said, the moves aren’t anything significant with EUR/USD still keeping below the resistance region
Remarks by the German economy ministry No signs of a wage-price spiral that could lead to permanently high inflation Sees positive underlying momentum of overall economy persisting Sees two-speed economy with services sector benefiting from easing of restrictions, industry sector to be hit by supply bottlenecks They are not wrong in that regard, in the
NEW DELHI: Gold prices were mildly higher in Indian market on Friday, tracking flat trends in other Asian peers. The precious metal was headed for a second consecutive weekly decline. Gold futures on MCX were up 0.19 per cent, or Rs 87, at Rs 46,450 per 10 gram. Silver futures gained 0.31 per cent, or
Trading in the Asian markets is relatively subdued again. Asian stocks are mixed even though DOW and S&P 500 rose to new record highs overnight. Dollar continues to fail to find a committed direction. While the greenback remains firm against Euro, Swiss Franc and Yen, it clearly lacks upside momentum against commodity currencies. With a
In this article ABNB Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images Airbnb’s stock on Thursday fell more than 4% after the company reported its second-quarter earnings. The company beat Wall Street’s expectations for revenue and bookings but warned about expected volatility from
NYSE:BABA fell by 1.64% on Thursday as China stocks continued to pull back. AliBaba is taking steps to protect its female employees amidst the sexual assault scandal. Baidu earnings top Wall Street, but the emergence of COVID variants gives the market pause. NYSE:BABA is showing continued weakness as it continues to be mired in scandals
Security Service of Ukraine (SBU) has shut down several crypto exchanges reportedly involved in illegal financial transactions since the start of 2021. According to a statement by the SBU on Wednesday, the network of “clandestine cryptocurrency exchanges” were based in the country’s capital Kyiv and collectively processed a monthly turnover of $1.1 million in funds
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Takes out the low from yesterday’s trading The GBPUSD has been steadily moving lower over the the course of the NY session and has just moved below the low target from yesterday’s trading below 1.38022 and also below the natural support at 1.38000. The low 1.37935 so far. Looking at the hourly chart, the pair is testing/dipping
Strongly in expansion, another indicator of the rebounding NZ economy. the second highest result on record (March 2021 the highest at 63.6) BusinessNZ’s executive director for manufacturing Catherine Beard (in summary from longer remarks): Employment (58.3) recorded its highest ever result over the history of the survey the increasingly tight labour market was mentioned by
Mumbai: The National Commodity and Derivatives Exchange on Thursday said its average daily turnover value (ADTV) surged by more than two-folds to Rs 2,151 crore in July compared to the same month of the previous year. The agri-commodity exchange’s ADTV stood at Rs 785 crore during July 2020, NCDEX said in a statement. Similarly, NCDEX
Dollar is trying to regain some ground in early US session after stronger than expected PPI. Both initial and continuing jobless claims also continued to trend lower. The greenback is followed by Euro and Yen while Aussie and Kiwi are softest. Though, major pairs and crosses are staying inside yesterday’s range for now. As for
Initial jobless claims declined for the third consecutive week as the U.S. labor market continued its recovery from last year’s recession. New claims for jobless benefits totaled 375,000 last week, the Labor Department said Thursday, matching estimates from economists surveyed by Dow Jones. The reading for the previous week was revised upward by 2,000 to