Dollar is trying to extend this week’s recovery in Asian session, as focus turns to non-farm payrolls reports. Whether Fed would start tapering asset purchases by the end of the year, or earlier, would very much depend on the job data in Q3. Elsewhere, Aussie is trading a touch softer after dovish comments from RBA
A mobile phone shows Huawei app interface. Huawei unveiled HarmonyOS, its own operating system in 2019. In June 2021, the company launched the operating system on a smartphone for the first time. Costfoto | Barcroft Media | Getty Images The chairman of Huawei said the Chinese technology company’s “aim is to survive” as revenue fell
GBP/USD has weathered dollar strength after the Bank of England (BoE) took a hawkish step. A bigger test is due now. Will Nonfarm Payrolls outweigh the pound’s resilience or not? The answer will be known soon enough, Yohay Elam, an analyst at FXStreet, briefs. See – NFP Preview: Forecasts from seven major banks for July jobs
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Russell 2000 index rises by 1.81%. The S&P and NASDAQ index both closed at record levels with a late day surge that has the indices going out near the highs for the day. The Dow and the Russell 2000 index also had strong days, with the small-cap index outpacing the larger cap indices with a surge higher of
Forex news for North American trading on August 5, 2021 It’s a day closer to the key US jobs report tomorrow and it was evident in some of the price action. Risk focused traders might be “waiting this one out”. When you expect 850K new jobs, and you have a “proxy” like the ADP job report
New Delhi: Gold in the national capital on Thursday tumbled Rs 312 to Rs 46,907 per 10 gram amid weak global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,219 per 10 gram. Silver also plunged Rs 1,037 to Rs 66,128 per kilogram from Rs 67,165 per
The BOE voted unanimously to keep Bank rate at 0.1%, and 7-1 to leave purchases of government bond at 875B pound. While the latter decision came less hawkish than we had anticipated (we expected 2 dissents), British pound got a boost as policymakers hinted about “modest tightening”. Upgrading Inflation Forecast The staff revised higher 2Q21
President Joe Biden held on to his overall approval rating in the latest CNBC All-America Economic Survey but showed weakness in two key areas as the public’s views on the economy and the outlook for the virus soured. In the poll of 802 American adults nationwide, 48% approved of the job Biden is doing as
The highest-valued cloud stocks have been on a tear of late and just got a further boost from data analytics and monitoring company Datadog, whose results blew past analysts’ estimates. Datadog shares jumped 15% on Thursday to close at a record $132.47. Heading into the day, Datadog traded for about 32 times revenue over the
AUD/USD holds on to the recovery moves from 0.7370, edges higher of late. Market sentiment improves on stimulus hopes, Fed’s optimism and upbeat data. Covid woes, tapering chatters challenge bulls but Wall Street ended on positive note, US T-Bond Yields stay firmer. RBA Governor Lowe’s testimony, China trade data and US NFP will decorate the
Ether (ETH) price rallied 50% leading in the London hardfork because many investors expect the upgrade to solve the issue of high transaction fees and make the altcoin a deflationary asset. Pantera Capital CEO Dan Morehead has predicted that the upcoming upgrade would likely cause Ether to ‘flip’ Bitcoin (BTC) as the leading cryptocurrency but
Dollar holds its ground ahead of European morning trade The dollar got a decent lift on Fed vice chair Clarida’s remarks yesterday and is holding gains for the time being as we look towards European morning trade. Of note, USD/JPY is posting a decent advance to 109.60 levels after the rebound off 109.00 yesterday and
Latest data released by Markit/CIPS – 5 August 2021 That’s a big fall in construction output as activity eases from the 24-year highs in June to the slowest since February. House-building remains the key pillar driving overall activity but businesses are saying that they are struggling to keep with demand in the construction sector amid
NEW DELHI: Gold prices edged lower on Thursday in domestic markets, tracking global cues as the dollar held firm. A top US Federal Reserve official signalled the possibility of bringing forward policy tightening. Gold futures on were down 0.09 per cent, or Rs 45, at Rs 47,847 per 10 grams. Silver futures traded 0.25 per
Overall markets were rather mixed for the moment. Dollar’s selloff was quickly choked off by strong ISM services overnight, even though there is no clear follow through buying. Traders are holding off the bets for now, awaiting tomorrow’s non-farm payroll figures. Sterling will come to the center of the stage today first, with BoE super