US factory orders for December -0.4% US factory orders for December 2021: Nondefense capital expenditures ex air for December 0.3%Prior month +1.6% revised to 1.8% Factory orders come in as expected at -0.4%. The prior month was at 1.8%. Durable goods revision -0.7% versus -0.9% previously reported. Durable goods increased 3.2% in November Durable goods
Month: February 2022
It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no clear follow through buying as BoE indicated there will only be “some further modest tightening”
EURUSD moves higher The press conference with Lagarde is underway and the market reaction is to the upside. The pair is currently trading above the high from yesterday at 1.13295. The high price just reached 1.1360. That high tested the high price going back to January 21. The January 20 high at 1.13684 would be
New Delhi: Gold price in the national capital on Thursday gained Rs 37 to Rs 47,902 per 10 grams supported by rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,865 per 10 grams. However, silver tumbled Rs 536 to Rs 61,102 per kg from Rs 61,638 per
A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Job openings totaled nearly 11 million in December while the Great Resignation cooled off, according to Labor Department data Tuesday. Reflecting a tightening labor market, vacancies rose to
Shell petrol station logo on Sept. 29, 2021 in Birmingham, United Kingdom. Mike Kemp | In Pictures | Getty Images Oil giant Shell on Thursday reported a sharp upswing in full-year profit on rebounding commodity prices. The British oil major posted adjusted earnings of $19.29 billion for the full-year 2021. That compared with a profit
The impetus towards pricing in a more abrupt Fed tightening cycle has run its course for now, with 4 ½ to 5 hikes priced in for 2022. The US Dollar Index (DXY) is in a retracement phase for now, but the medium-term bull trend remains intact, economists at Westpac report. Yield support for DXY to
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The data is here: Australia trade balance for December 2021, exports and imports both up m/m Remarks from ANZ’s analysis: confirmation the Australian economy is in a boom … Intermediate imports zooming as they were in the pre-GFC period. The policy stimulus unwind is coming soon. A further strong rise in intermediate goods imports saw
Overall market sentiment turned more positive after Fed officials jumped out to talk down the prospect of a 50bps hike in March. Australia Dollar is trading broadly higher, following risk-on sentiment, and shrugs off cautious comments from RBA Governor. Euro is following as the second strongest for now but has lost much momentum in crosses
The price of WTI crude oil futures are settling at $88.26. That’s up six cents or 0.07% on the day. The high price reached another new seven year cycle high of $89.72. The low price extended to $87.10. Looking at the hourly chart, the price had been trading between $86.20 and $88.84 since June 26.
SINGAPORE: Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 37 cents, or 0.4%, to $89.10 a barrel by 0127 GMT, after rising 31 cents on Wednesday. U.S. West Texas Intermediate crude
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance.
In this article FB Facebook CEO Mark Zuckerberg speaks during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released October 28, 2021. Facebook | via Reuters Facebook is set to report fourth-quarter earnings after the bell on Wednesday. Here are
In a Discord post published on Wednesday, Matt Hall, the core developer at Larva Labs, the entity behind the popular CryptoPunks v2 and, initially, CryptoPunks v1 nonfungible tokens (NFT) collections, announced he would be “taking appropriate steps” in the following days regarding the alleged copyright infringement of “both the art and the CryptoPunks name” of
NASDAQ:LCID gained 1.94% during Tuesday’s trading session. Tesla sees yet another recall on its vehicles, this time for its self-driving technology. TopGear.com gives another positive review for the Lucid Air sedan. NASDAQ:LCID climbed higher for the second straight day to start the week but the EV maker failed to recapture the $30 price level. On
The weekly crude oil inventory data is to be released at the bottom of the hour: Crude +1525K expected in tomorrow’s official report Gasoline +1645K expected in tomorrow’s report Distillates -1492K expected in tomorrow’s report the private data released late yesterday showed: Crude oil inventories from the private report The price of crude oil is
Dollar tumbles broadly today as markets are staying in risk-on mode. Additional selling pressure is seen on the greenback after shocking poor ADP job data. On the other hand, Euro is lifted by another record reading in consumer inflation data. Sterling is following Euro as markets await tomorrow’s BoE rate hike. Aussie is slowing down