The earlier procedural vote required 60 of the Senators to vote yes, which has been done: The final tally was 61-38. One Senator didn’t vote. Was probably confused about Brexit or something, I dunno. Anyway, now for the final vote in the Senate on the two-month debt limit increase this will avert a default needs
Month: October 2021
mining stocks have made a lot of money in the past one year, riding on ever increasing spot prices in the international market. Now oil and gas prices have also started surging. This has convinced many in the market that commodities are in a supercycle. However, one domestic mutual fund house believes maybe investors are
Treasury Secretary Janet Yellen on Tuesday said she believes the economy would fall into a recession if Congress fails to address the borrowing limit before an unprecedented default on the U.S. debt. “I do regard Oct. 18 as a deadline. It would be catastrophic to not pay the government’s bills, for us to be in
What you need to know on Friday, October 10: Markets were in a better mood on Thursday, amid news that US Senate majority leader Chuck Schumer announced an agreement on extending the debt ceiling by $408 billion until early December. Also, gas prices declined in Europe, taking off some of the pressure seen these days.
FREE Cryptocurrency trading bots by Pionex 👉 https://bit.ly/3Fq9tcH ************************ In the world of technical analysis, there are 2 types of market that exists, trending markets, and ranging markets. Trending market, is when the price is clearly moving in a definitive direction. Ranging markets on the other hand, is a type of market where the price
Selloff in Euro remains the main theme in slow markets today. Return of risk appetite is also weighing down Dollar and Yen. On the other hand, commodity currencies are generally strong, with Aussie having an upper hand over Kiwi and Loonie. Sterling is mixed for now, partly supported by buying against European majors. While stocks
Terra’s (LUNA) three-month rally saw its token rise by 674%, catapulting LUNA to the ranks of potential so-called “Ethereum killers.” LUNA has been on a tear lately because Terra’s most recent upgrade, Columbus-5, has effectively overhauled its tokenomics and brought significant changes to its technology. LUNA currently sits in fourth place in total value locked
A setback for oil at least in the short-term WTI crude is now down over 2% to $75.50 levels while Brent is also marked down to just below $80 on the day, as the retreat from yesterday continues. The retreat in energy prices is playing some part in all of this as the hype cools
Forex news from the European trading session – 7 October 2021 Headlines: Markets: AUD leads, USD lags on the day European equities higher; S&P 500 futures up 1.0% US 10-year yields flat at 1.525% Gold down 0.1% to $1,760.40 WTI down 1.5% to $76.28 Bitcoin down 1.1% to $54,320 It was a quiet session for
New Delhi: Gold in the national capital on Thursday rose by Rs 65 to Rs 46,012 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,947 per 10 gram. Silver also gained Rs 490 to Rs
A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand. Total application volume fell nearly 7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250
GBP/USD gained some traction on Thursday amid a subdued USD price action. A combination of factors held bulls from placing aggressive bets and capped gains. The GBP/USD pair quickly recovered around 25-30 pips from the early European session lows, albeit struggled to capitalize on the move beyond the 1.3600 round-figure mark. The risk-on impulse in
For the first time in 7 years, the RBNZ increased the OCR by +25 bps to 0.5% in October. Policymakers pledged to tighten further in coming months as inflation pressure continues to exceed target. Policymakers remained hopeful about the economic outlook, suggesting that easing of pandemic-related restrictions could help return growth momentum. On economic developments,
EOS began a descending trend 53 days ago and despite the recent 27% weekly gain, the altcoin is not showing any signs of a reversal. As a result, investors are questioning whether the former top-5 cryptocurrency has what it takes to turn around after Daniel Larimer, CTO of the development company behind EOS, resigned in
Down $1.50 or -1.9% The price of WTI crude oil futures are settling at $77.43. That is down $1.50 or -1.9%. The price is settling near the lows for the day at $77.06. The high for the day was up at $79.78. The move to the downside was helped by comments early in the US session that Russia’s Putin that “Russia
Amongst a huge news day during the US timezone was this on the US debt ceiling: McConnell now suggesting Thursday as a vote. Democrats have already indicated they’ll be in assent. So, the vote looks set to pass (famous last words?) when it does happen. US government gets funded through to December when we can
NEW DELHI: Gold prices inched lower on Wednesday in the domestic market, following global cues. A firmer dollar and rise in Treasury yields weighed on the precious metal’s appeal. Investors focused on US non-farm payrolls data due later this week, which would be crucial to the Federal Reserve’s timeline for tapering economic support. Gold futures
Companies shook off worries over the Covid delta variant and hired at a faster-than-expected pace in September, according to a report Wednesday from payroll processing firm ADP. Private jobs rose by 568,000 for the month, better than the Dow Jones estimate from economists of 425,000 and ahead of the downwardly revised 340,000 reading in August.
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