San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. Ann Saphir | Reuters San Francisco Federal Reserve President Mary Daly told CNBC on Tuesday that a strong economic recovery will allow the central bank to slow its asset purchases, possibly near the end
CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap‘s stock rose more than 13% on Thursday after the company reported its second-quarter earnings, beating expectations across the board for earnings, revenue
In a statement published on Friday, US Treasury Secretary Janet Yellen urged Congress to act as soon as possible on debt limit, as reported by Reuters. Additional takeaways “US will meet statutory limit on debt on August 1.” “Treasury will suspend the sale of state and local government securities at noon on July 30.” “Treasury will need
Crypto investors are betting big on real estate this year as the cryptocurrency market continues to grow. New York Digital Investment Group (NYDIG) recently conducted a survey that found that 46 million Americans own Bitcoin, equating to 22% of all adults. While optimistic, some cryptocurrency investors have expressed concerns regarding the security, custody and volatility
The market is expecting Intel will report earnings after the close. The chip manufacturer has been under pressure as AMD and Nvidia “chip” away at their business. They have also been besieged with manufacturing problems. The new CEO Gelsinger is looking to turn the manufacturer around via a large infrastructure investment, but that takes time and the market
Latest data released by Markit/BME – 23 July 2021 Prior 65.1 Services PMI 62.2 vs 59.1 expected Prior 57.5 Composite PMI 62.5 vs 60.8 expected Prior 60.1 After slight misses in the French readings earlier, German business activity improved further in July with both manufacturing and services sector seen picking up on the month. The
NEW DELHI: Gold edged lower on Friday as investors fancied riskier assets and a stronger dollar made the bullion more expensive. However, the decline in precious metals was limited on the . Gold futures on MCX were down 0.15 per cent or Rs 71 at Rs 47,563 per 10 grams. Silver futures were flat, just
Trading in Asian session is relatively subdued today, as some participants are already looking forward to the weekend, after a roller coaster ride. Canadian Dollar is currently the strongest one for the week, helped by rebound in WTI oil price, which is back above 71. However, New Zealand and Australian Dollars are the worst performing
Wholesale prices for June rose more than expected in another sign that inflation is moving at a faster pace than markets had anticipated. The producer price index, which measures what companies get for the goods they produce, increased 1% from May and jumped 7.3% on a year-over-year basis. That marked the second month in a
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Twitter shares rose as much as 9% in extended trading
German Manufacturing PMI arrives at 65.6 in July vs. 64.2 expected. Services PMI in Germany expands to 62.2 in July vs. 59.1 expected. EUR/USD keeps its range around 1.1770 on upbeat German PMIs. The German manufacturing sector extends its expansionary mode into July, the preliminary manufacturing activity report from IHS/Markit research showed this Wednesday. The Manufacturing
Entertainment and nonfungible token marketplace TriumphX has signed a memorandum of understanding (MOU) with fast-food giant KFC in South Korea. The agreement will focus on joint blockchain research with the aim of integrating NFT technologies and enhancing the branding of the fried chicken outlet. According to reports in local media, KFC Korea plans to introduce
Forex Channel Trading Strategies | Definition, strategies, tools This Channel Trading Strategy can be a huge difference-maker in your trading arsenal. In this article, I am going to show you why going off on the “rabbit trail” is not such a bad thing after all! I will also show you a forex channel trading system,
In this video, I explain to you the basics of Forex Trading. It’s perfect for you if you are a beginner forex Trader. If you have any questions or need help send me a message on Telegram https://t.me/raphael_palmdale
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The 200 hour MA was broken earlier in the NZDUSD but the break failed. The NZDUSD – like some other pairs today – are experiencing up and down price action. The price did run higher early in the NY session to new session highs. However, the move above the 200 hour MA could not be
Three days to wipe out Monday’s drop One thing to always keep in mind about oil is that the physical market is 25x larger than the financial market. The real money flows are enormous. At times, the market will give you some insight into the underlying dynamics. This week’s rally really kicked off with US
New Delhi: Gold in the national capital on Thursday dipped Rs 264 to Rs 46,452 per 10 gram with decline in global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade on Tuesday the precious metal had closed at Rs 46,716 per 10 gram. In contrast, silver gained marginally by