EURUSD up for the fourth consecutive day The EURUSD is working on it fourth consecutive day to the upside. The pair reached the lowest level since early June 2020 on Friday of last week. Since then, the price has moved over 200 pips in the last four days of trading. In the process, the price
Month: February 2022
New Delhi: Gold prices declined by Rs 125 to Rs 47,837 per 10 gram in the local market here on Wednesday in line with lower global prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,962 per 10 gram. Silver also declined by Rs 339 to Rs 61,477 per
Companies cut jobs in January for the first time in more than a year as the spread of the Covid omicron variant appeared to hit hiring, payroll processing firm ADP reported Wednesday. Private payrolls fell by 301,000 for the month, well below the Dow Jones estimate for growth of 200,000 and a marked plunge from
In this article AMD Lisa Su, president and chief executive officer of Advanced Micro Devices (AMD), holds a 3rd generation Ryzen desktop processor while speaking during a keynote session at the 2019 Consumer Electronics Show (CES) in Las Vegas, Jan. 9, 2019. David Paul Morris | Bloomberg | Getty Images AMD reported fourth-quarter earnings after
EUR/CHF has bounced towards the daily Ichimoku cloud at 1.0440. A break above here is needed to see further gains towards the low of 2020 near 1.0510, economists at Société Générale report. Initial support seen at 1.0325 “The 1.0440 resistance must be crossed for an extended rebound towards the low of 2020 near 1.0510.” “December
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Shares of PayPal are down 18% after reporting earnings after the US close today. If that holds, it will open at the lowest since May 2020 tomorrow, near $144. It’s been an absolute swan dive for the shares from $310 in July as the entire payments industry faces a washout. What’s notable to me is
Australian Dollar dips broadly after RBA sounds surprisingly cautious regarding raising interest rates. But loss is so far very limited, as supported by improving market sentiment following strong rebound in US stocks overnight. Dollar is the second weakest, continuing to pare recent gains while Yen is also heading lower. Euro is currently a stronger one
The major US indices are closing higher and near the highs for the day for the 3rd day in a row. After the close alphabet Q4 results saw a beat on the revenues and earnings per share. They also announced a 20:1 stock split. The price of Alphabet is trading up $137 or 4.98% it
TOKYO: Oil prices rose on Wednesday towards last week’s seven-year highs after data showing a fall in U.S. crude stocks underlined solid demand, but investors remained cautious ahead of an OPEC+ meeting due later in the day. Brent crude climbed 36 cents, or 0.4%, to $89.52 a barrel by 0123 GMT, after easing 10 cents
Free food is handed out by the Brooklyn community organization PASWO during a weekly food distribution on December 08, 2021 in New York City. Spencer Platt | Getty Images Spurred by a massive inventory rebuild and a consumers flush with cash, the U.S. economy last year grew at its fastest pace since 1984. Don’t expect
In this article GOOGL Sundar Pichai, CEO of Alphabet, in Brussels, Belgium, on Jan. 20, 2020. Geert Vanden Wijngaert | Bloomberg | Getty Images Google parent Alphabet reported better-than-expected fourth-quarter earnings and revenue. The shares popped in extended trading. The company also announced a 20-for-1 stock split that will go into effect in July. Here
The Bitcoin (BTC) daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming from derivatives markets. At the moment, the futures and options markets are showing a lack of confidence from Bitcoin pro traders, but there’s a positive spin to the data. Bitcoin price at Coinbase, USD. Source:
What you need to know on Wednesday, February 2: The greenback remained on the backfoot on Tuesday, although losses were limited across the FX board. The EUR/USD pair is ending the day pretty much unchanged in the 1.1240/50 area after dismal EU data put a cap to the shared currency. GBP/USD shrugged off UK’s political
US construction spending for December 2021 Construction spending 0.2% versus 0.7% estimate. Prior month 0.7% revised to 1.0% year on year gain in construction spending is 9.0% value of construction in 2021 was $1589.0 billion which is 8.2% above the $1469.2 billion spent in 2020 private construction rose 0.7% residential construction rose 1.1% nonresidential construction
Dollar drops broadly today in rather mixed markets. Firmer risk sentiment might be a factor. Yet, Swiss Franc is currently the strongest, followed by Kiwi and then Aussie. Yen is also just steadily mixed. On the other hand, Canadian Dollar is also weak, without much support from stronger than expected GDP data. Euro is also
EURUSD moves above its 200 hour moving average The EURUSD is up for the third consecutive day after bottoming at 1.11207 on Friday. That low on Friday took the price to the lowest level since June 2020. After a modest gain on Friday, the price started to gain more upside momentum during yesterday’s trade. Yesterday,