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Month: September 2021
EUR/USD adds to recent gains above the 1.18 yardstick. The pair’s leg lower seems to have met support around 1.1800. German final CPI came in flat MoM and rose 3.9% YoY. The optimism around the European currency stays well and sound in the second half of the week and underpins the EUR/USD move to 2-day
A new poll has found that 27% U.S. residents support the government recognizing Bitcoin as legal tender. According to a poll from research and data analytics firm YouGov, 11% of respondents “strongly support” the idea that Bitcoin should be used as legal tender in the United States and a further 16% of respondents would “somewhat
NASDAQ down for the second consecutive day The US major indices are all closing lower with the Dow and S&P down for the fourth straight trading day. The NASDAQ has been down for two consecutive days A look at the closing levels shows: Dow industrial average fell -150.84 points or -0.43% at 34880.23. The low
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
SINGAPORE: Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1% after China announced plans to sell crude from its strategic reserves. Brent crude futures for November rose 44 cents, or 0.6%, to $71.89 a barrel
Overall, the forex markets are rather mixed as we’re heading towards the weekend. Euro is staying weak in European crosses, but selling slowed against Dollar and Yen. Meanwhile, commodity currencies are trading mildly higher, but remain the worst performers for the week. Dollar turned weaker against Swiss Franc and Yen, but there is no range
People walk by a GameStop store in Brooklyn on January 28, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Video game retailer GameStop said Wednesday its fiscal second-quarter losses narrowed as sales rose from a year ago. Shares of the company fell about 2% in extended trading. For the
USD/JPY bulls stepping back in and price corrects bearish daily impulse. The dollar index ended Wall Street down nearly 0.2% as measured by DXY. USD/JPY is moving back in on the 108 figure following a firmer performance in the greenback for the first part of the North American session. At the time of writing, USD/JPY
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Weekly US oil inventory data from the EIA Gasoline -7215K vs -3390K expected Distillates 3142K vs -2617K expected Refinery utilization -9.4% vs -4.9% expected Cushing +1918K Production estimate 10.0mbps vs 11.5 mbpd prior Implied demand -2.866 mbpd The story here is that refineries ran slower than anticipated, which is going to continue to put a
NEW DELHI: Following global trends, gold was trading lower on Thursday. A strong US dollar weighed on the sentiments, whereas investors awaited a policy decision by the European Central Bank (ECB) due later in the day. Gold futures on MCX were down 0.25 per cent, or Rs 118, at Rs 46,920 per 10 gram. Silver
Euro tumbles notably against European majors and Yen today, and ECB’s re-calibration of PEPP purchases provide no support. But Dollar is seen as equally weak. Sterling is currently the star performer for today, followed by Swiss Franc and Yen. Commodity currencies are mixed. Focuses will now turn back to development in stocks and bonds markets,
Health conscious American millennials have found their drink of choice: alcoholic carbonated water that is lower in calories and carbs than beer and wine. A hard seltzer craze is sweeping the United States as Generation Y and Generation Z pursue healthier lifestyles, influenced by viral trends on Instagram and YouTube. TIMOTHY A. CLARY | AFP
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The airline sector has been at the forefront of the pandemics impact over the last 18 months, and at the end of H1 reported a loss of £701m in May. In July the company said the outlook for Q3 wasn’t expected to look much better with the airline saying it only expected to fly around
Crypto Gaming United, a startup aiming to build a global community of nonfungible token (NFT)-focused play-to-earn gamers, hraised $5 million in an oversubscribed seed funding round. A Sept. 8 announcement notes the round was led by famed Australian venture capitalist Mark Carnegie and Chrono.tech CEO Sergei Sergienko — with the pair having co-founded the crypto-focused
The dollar bid is in flux The abrupt reversal in the US dollar today likely has market participants feeling off balance. In addition, US 10-year yields looked to be breaking higher yesterday only to give it all back and more today. The setup going into tomorrow is uncertain. On the charts, there are a series
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