Robinhood is a company that rarely sits still, so it’s perhaps unsurprising that its IPO is undergoing the same rollercoaster ride during its early days of life on the stock market. The investing app, indicated by its HOOD Nasdaq ticker symbol, has roared into life following a difficult start to life on its market debut.
Month: August 2021
Big support level broken EUR/USD is a handful of pips away from the March low of 1.1704 and the key 1.1700 level. That’s a level that’s been defended twice before and is the lowest since just before Biden was elected. The FX market is throwing up red flags all over the place this week as
Modest bounce in the New Zealand dollar Today’s NZD trade is a unique one. The game-changing news of 5 covid cases in New Zealand came a day ahead of the decision and argues for a wait-and-see attitude. Hiking now only to see cases get out of control and a longer nationwide lockdown would look foolish.
NEW DELHI: Gold prices were flat on Tuesday, hovering near a one-week peak. The yellow metal saw a surge in demand amid rising delta variants and geopolitical tension in Asia. Gold futures on MCX were marginally up 0.01 per cent, or Rs 7, at Rs 47,232 per 10 gram. Silver futures gained 0.23 per cent,
Souring risk sentiment continues to support Swiss Franc and Yen today, while Dollar is also trying to catch up. Commodity currencies are still the weakest ones. In particular, New Zealand Dollar tumbles on talks that RBNZ could refrain from delivering the highly anticipated rate hike tomorrow, as the country returned to pandemic lockdown. Fresh selling
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters The price of lumber has fallen sharply in the last few months, but apparently that has not been enough to take the pressure off homebuilders. Sentiment among single-family homebuilders dropped five points to 75 in August
In this article HD Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot shares tumbled nearly 4% in premarket trading Tuesday after the company said fewer customers visited its stores during the
EUR/USD continues to push lower in the American session. US Dollar Index rose above 93.00 on Tuesday. Greenback capitalizes on safe-haven flows as Wall Street’s main indexes decline. The EUR/USD pair extended its daily slide in the early American session and was last seen trading at a fresh daily low of 1.1727, losing 0.42% on
Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Aug. 16. The senior commodity market strategist credited the “digitization of money and finance” behind the Bitcoin market’s superior growth against gold, noting that the same factors helped the U.S. dollar gain dominance
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GBP/USD down 0.4% to below 1.3800 on the day The dollar may be keeping more resilient amid more dour risk tones in the market but it is tough to really pinpoint any reason for the pound’s underperformance today, in which the currency is even lagging the loonie in European morning trade. The only thing I
Powell’s speech is on the agenda later in US trading He will be speaking at 1730 GMT for about an hour in a virtual town hall meeting hosted by the Fed itself. The discussion will center around the work of the Fed and economic education as Powell engages with educators and students via webcast. There
New Delhi: Gold prices in the national capital rallied by Rs 446 to Rs 46,460 per 10 grams on Tuesday, with recovery in global precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had ended at Rs 46,014 per 10 grams. Silver also gained Rs 888 to
Commodity currencies remained generally pressured in Asian session today. While DOW and S&P 500 managed to reverse initial losses to close at new record highs, there is no follow through risk-on sentiment in Asia. Canadian Dollar is additionally weighed down with WTI crude oil dipping below 68 handle. Aussie is getting not particular support from
In this article WMT A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart is set to report its fiscal second-quarter earnings before the bell on Tuesday. Here’s what Wall Street is expecting: Earnings per share: $1.57, according to Refinitiv
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