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Month: May 2021
Forex news for North American trading on May 13, 2021 In other markets: Gold is trading up $10.94 or 0.6% at $1826.64 Silver is up six cents or 0.23% $27.08 WTI crude oil futures fell sharply by $-2.31 or -3.48% at $63.78. The hi reach $65.81. The low extended to $63.09 The price of bitcoin fell sharply and is trading
NASDAQ still 7% below the all-time high The major indices snapped there three days losing streak. However, The Dow, S&P are on track for the worst week since late January. The NASDAQ is on track for its worst week since February 26 The NASDAQ is still 7% below its all-time high On a positive note
LONDON: prices fell more than 2 per cent on Thursday as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand later in the year. Brent crude was down $1.65, or 2.3
Overall market sentiment stabilizes mildly entering into US session. Major European indexes pared back much of earlier losses, while US futures also turned positive. Even though US PPI showed stronger than expected reading, slightly better than expected jobless claims is support sentiment, in a way. Dollar attempt to extend rebound earlier, but quickly lost momentum
Workers assemble a three-wheeled electric fun utility vehicle (FUV) at the Arcimoto manufacturing facility in Eugene, Oregon, April 19, 2021. Alisha Jucevic | Bloomberg | Getty Images U.S. producer prices data for April is set to be released at 8:30 am ET Thursday. The Producer Prices Index comes into focus after Wednesday’s consumer prices report
In this article DIS A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Disney is set to report fiscal second-quarter earnings after the bell on Thursday. Here are the key numbers: Earnings per
St. Louis Federal Reserve’s James Bullard has stated that the US is to move from “recovery” to “expansion” by end of June and surpass pre-pandemic level of output. “The ‘keep households whole’ fiscal strategy has been successful well beyond initial hopes,” Bullard told the Greater Memphis Chamber, with national income “as high as it ever was and…poised to
Rick Rieder, chief investment officer at BlackRock Financial Management, is pushing back against Telsa CEO Elon Musk’s decision to drop Bitcoin as a form of payment. In an interview with CNBC’s Squawk Box today, Rieder said Bitcoin (BTC) had “not reached maturity yet” and still had some hurdles to overcome like the public perception of
The sour mood from yesterday continues to persist European indices are down by roughly 2% across the board now as the selling in equities intensifies and that is also exacerbated by a drop in US futures as well. US futures were pointing to modest gains in Asia but have turned that around and are marked
First move above the 100 hour moving average since May 5 The USDCAD has cracked above its 100 hour moving average 1.21193. That is the first look above that moving average since May 5. The price has moved down from the 100 hour moving average at 1.22912 on that day, to the low price today at
Akshay Tritiya is considered an auspicious occasion to start new things and make valuable purchases. Indians have a special attachment to gold, and over the years, have continued to import gold in huge quantities to fulfil their insatiable desire for the yellow metal. While Indian attraction to gold is unparalleled, demand is highly sensitive to
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks gained +3.89 mmb to 1283.82 mmb in the week ended May 7. Crude oil inventory dropped -0.43 mmb (consensus: -2.82 mmb) to 484.69 mmb. Stockpile declined in 2 out of 5 PADDs with PADD 1
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters A little inflation might not be such a bad thing, after all. With the Labor Department’s inflation report Wednesday spooking stock markets, and traders blaming rising prices for a broad sell-off in technology shares, attention
AMC just cannot stop going up, nearly 3% on Wednesday. AMC shares trade through $10, for four straight days of gains. AMC outperforms the broader market by 6% on Wednesday. Update: Another day of gains for AMC as it notches for straight days of gains now. While everything else comes crashing down AMC rises nearly
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