Looks to extend to the end of September. Pres. Biden has asked Congress to extend eviction moratorium. The eviction moratorium was to end on August 1. Biden is petitioning for the moratorium two and at the end of September. Also ending in September (at the start) are supplemental employment benefits that many argue have kept workers from entering the workforce. Many
Month: July 2021
The day after the FOMC. China regulators ease market fears The NZD is the strongest and the USD is the weakest of the majors a night after the FOMC kept rates unchanged and Chair Powell indicated no rush to taper bond purchases (or raise rates) any time soon. China eased fears after a call with
KOLKATA: Gold demand in India increased 30% in the first half of 2021 to 216.1 tonnes, from 165.8 tonnes a year ago, signalling that the deadly second wave of Covid-19 was less of a deterrent than the first wave of the pandemic which had led to a nationwide lockdown “The second quarter of 2021 was
In this article YUM Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analyst predictions as same-store sales grew at all
Weekly Initial Jobless Claims in US declined by 24,000. US Dollar Index stays in the negative territory near 92.00. There were 400,000 initial claims for unemployment benefits in the US during the week ending July 24, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print
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Dollar drops broadly overnight and stays weak, even though Fed acknowledged that progress has already been made in the economy. Uncertainty in the risk markets is keeping Aussie soft too. But Canadian Dollar is apparently rebounding with resilience in oil prices. Sterling is also strong with Swiss Franc while Euro under performs them. Focus will
The advance reading for US economic growth April to June 2021 is due at 1230 GMT expected 8.6% q/q, prior 6.4% If you are wondering why the Federal Reserve is still providing emergency levels of monetary stimulus on this sort of growth you are not alone. The argument goes that this will be the peak
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Mumbai: As the country moves towards creating a spot gold exchange, markets regulator Sebi‘s Whole Time Member G Mahalingam on Wednesday suggested routing all the imports of the precious metal through the exchange ecosystem in the future. Such a “funnelling” would ensure that gold monetisation takes place right at the source as the metal enters
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images The International Monetary Fund warned Tuesday that there’s a risk inflation will prove to be more than just transitory, pushing central banks to take pre-emptive action. The issue is currently dividing the investment community, which has
In this article FB CEO of Facebook Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Facebook is set to report its second-quarter earnings after market close on Wednesday. Here’s what Wall Street is expecting:
AUD/NZD snaps two days’ upside momentum on Thursday. Cross hangs near multi-month resistance, weakness persist below 1.0600 Momentum oscillators indicate underlying bearish sentiment. AUD/NZD pares part to its previous day’s gains in Thursday’s Asian session. The pair opened higher, albeit fizzled out quickly to touch the low of 1.0587. At the time of writing, AUD/NZD
The Blockfolio brand is no more: One of the first genuine product brands in the cryptocurrency space, the mobile app that started life as a portfolio tracker — and later morphed into a trading app under the stewardship of FTX — will now take its new owner’s name. Blockfolio, which boasted a user base in
Dollar is trying to recover in early US session but upside is limited so far. Overall market sentiments stabilized as US stocks might have regained footing for another take on new records. Also, traders are turning a little bit more cautious ahead of FOMC statement and press conference. Overall picture for the week is unchanged
US petroleum inventory data from the EIA Prior was +2108K Gasoline -2253K vs -916K exp Distillates -3088K vs -435K exp Refinery utilization -0.3% vs +0.4% exp Late yesterday the API numbers were: Crude -4728K Gasoline -6226K Distillates -1882K Cushing -126K The gasoline draw wasn’t going to be as high as the API data but the
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