The forex markets appear to be turning into a consolidative phase for now. Yen is trading broadly lower as European indexes and US futures rebound further. Canadian Dollar is the strongest one with WTI crude oil reclaiming 68 handle. Aussie and Sterling are following as the next strongest for the day. But after all, there
Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about the problems inflation could pose for lower-income families looking to buy homes at a time
In this article KO A shopper scans a case of Coca-Cola Co. soft drinks at a store in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021. George Frey | Bloomberg | Getty Images Coca-Cola is expected to report its second-quarter results before the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are
Oil prices have rebounded strongly to a marked area of resistance. General consumption data doesn’t support the demand fears. Oil prices as measured by West Texas Intermediate (WTI) crude are higher by more than 5.6% at the time of writing as the Wall Street session moves into the final hour of trade. Improved risk appetite set
A multi-asset class trading firm in Bermuda has secured major regulatory approval allowing it to offer cryptocurrency trading services. Over-the-counter trading platform 24 Exchange has acquired a “Class T” digital asset business licence from the Bermuda Monetary Authority (BMA) to roll out cryptocurrency trading on its institutional-grade platform. The firm officially announced Tuesday that the
Commodity currencies lag on the day The dollar is holding slight gains now as it advances to a session high against the major currencies bloc. Overall ranges for some pairs are still light but we are seeing them stretched out a little going into European morning trade. EUR/USD is down 0.1% to 1.1763 while GBP/USD
Daily thread to exchange ideas and to share your thoughts After a tumultuous start to the week, the market is settling down as we see a bit more of a flattish and tepid tone going into European trading today. The rebound in stocks and yields yesterday helped to relieve some of Monday’s suffering but overall sentiment remains
Gold eased on Wednesday as the dollar emerged as the preferred safe-haven bet amid fears that the highly contagious Delta coronavirus variant may stall a global economic recovery, while a rebound in U.S. bond yields further pressured bullion prices. Spot gold was down 0.2% to $1,806.56 per ounce, as of 0258 GMT. U.S. gold futures
While US stocks staged a strong rebound overnight, the moves didn’t follow through in mixed Asia. There is also little reaction in the currency markets. Yen and Dollar remain the strongest ones for the week, despite retreating mildly. New Zealand Dollar is the worst performer, followed by Aussie and then Sterling. Euro is not performing
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters The Covid-19 recession is in the books as one of the deepest — but also the shortest — in U.S. history, the official documenter of economic cycles said
In this article NFLX Co-CEO of Netflix Reed Hastings (R) and CEO of Nubank David Velez walk together at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Netflix is set to report second-quarter earnings after the bell on Tuesday. Here are the key
FX option expiries for July 21 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1700 1.3B 1.1770 289M 1.1800 312M 1.1825-35 633M 1.1850 670M – USD/JPY: USD amounts 110.00-15 1B 110.50 820M – AUD/USD: AUD amounts 0.7400 858M – USD/CAD: USD amounts 1.2600 305M 1.2700 510M 1.2745 260M
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The USDCAD is moving away from the floor near 1.2730. In an earlier post, I commented on the 1.2730 floor level that was developing in the USDCAD chart. That level was a corrective floor yesterday and also stalled declines during the Asian and North American session today. The price has subsequently broken below that level and stay below the level. The momentum is increasing
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New Delhi: Gold in the national capital on Tuesday gained Rs 253 to Rs 47,100 per 10 gram amid supportive global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,847 per 10 grams. Silver slipped Rs 61 to Rs 65,730 per kilogram from Rs 65,791 per kilogram