Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve Chairman Jerome Powell painted a dour picture on the state of U.S. employment and said Wednesday that continued aggressive policy support
Month: February 2021
Chuck Robbins, chief executive officer of Cisco Technologies Inc., speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. World leaders, influential executives, bankers and policy makers attend the 47th annual meeting of the World Economic Forum in Davos from Jan. 17 – 20. Jason Alden
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Gold is likely to open trading on Monday in losses, especially if the critical ascending channel’s middle boundary support breaks. The MACD has reinforced XAU/USD’s bearish outlook on the daily chart. Recovery will come into the picture if gold closes the day above the middle boundary support. Gold has continued to struggle amid a stronger
Dow industrial average is still negative on the day The S&P and the NASDAQ index is back into the red, joining the Dow industrial average with a little lower in our to go in trading. For the week, the major indices are up marginally: S&P index is up 0.77% NASDAQ index is up 1.24% Dow
The central banks are listed below with their current state of play. The link for each central bank is included in the title of the bank and the next scheduled meeting is in the title too. Reserve Bank of Australia, Governor Phillip Lowe,0.10%,Meets 02 March The Reserve Bank of Australia met on February the 02
NEW DELHI: Gold price plunged by Rs 661 to Rs 46,847 per 10 grams in the national capital on Friday reflecting a fall in global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,508 per 10 grams. Silver price also declined Rs
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President Joe Biden is on the best presidential honeymoon since at least Bill Clinton in 1993. A special online edition of the CNBC All-America Economic Survey focusing on the Biden agenda finds his approval rating at a sky-high 62%, beating the first presidential ratings of Presidents Barack Obama, George W. Bush, Bill Clinton and Donald
Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for the first quarter of 2021 after the
All three major US indices closed at record highs on the long US weekend. The fundamental backdrop remains very much bullish, as has been the case now for two weeks running. All-time closing highs for everyone! The party on Wall Street continues and the major US indices rounded out the week with a bang; the
Russell 2000 index closes with the largest gain this week The S&P and NASDAQ are closing the week at record highs after a late day rise to session highs. Major averages close higher for the 2nd straight week All 4 major averages close the session higher the Russell 2000 did not close at a record
Forex news for North American trading on February 12, 2021 The US 30 year bond is closing the day – and week – above 2% for the first time in a year (since February 20, 2020). The yield is up on fears about potentially future inflation from higher growth. The Fed members – including Fed Chair Powell –
In a post today on their governance and research forums, the team behind decentralized finance(DeFi) AMM aggregator 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.” “As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs intends to experiment
NEW YORK: Oil prices edged higher on Friday, buoyed by hopes for a US stimulus bill, but a weaker demand outlook from OPEC and the International Energy Agency capped gains. Brent crude was up 38 cents, or 0.6%, at $61.52 a barrel by 11:06 a.m. ET (1606 GMT) having dropped to a session low of
Sterling appears to be one of the stronger after data showed larger than expected GDP growth in December and Q4. But for now. Mean while Dollar and Euro are following as the next better performer. The greenback attempted for a recovery earlier today. But apparently, there is now follow through buying so far. Commodity currencies
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