Month: February 2022

MELBOURNE: Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply. Brent crude futures fell 68 cents, or 0.7%, to $92.29 a barrel at 0124 GMT, extending a 1.9%
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The GBP/JPY is down in the week, 0.02% amongst a risk aversion environment. Russia/Ukraine news headlines dominate the trading session, safe-haven peers advance. GBP/JPY Weekly Outlook: From a weekly chart, it faces a wall of resistance around 158.00. GBP/JPY Daily Outlook: Neutral-upwards above 155.30, otherwise neutral. The GBP/JPY eyes to end the week flat in
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New Delhi: Gold prices rose by Rs 77 to Rs 50,037 per 10 grams in the national capital on Friday, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 49,960 per 10 grams. Silver zoomed by Rs 379 to Rs 63,869 per kg, from Rs 63,490 per kg in the
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The financial markets are generally quiet today. Stocks are slightly down by losses are limited. Retail sales data from Canada and UK are largely ignored. Commodity currencies are the strongest ones for now. Yen, Dollar and Euro are the weaker ones. There news of shelling in Ukraine east by Russian-backed separatists and there is still
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In this article DKNG Shares of DraftKings fell more than 20% Friday morning after it posted fourth-quarter earnings that beat analyst estimates for the quarter but revealed the company expects a greater adjusted loss for 2022 than analysts had projected. Here’s what the company reported: Loss per share: 35 cents, ex-items vs 81 cents estimated,
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Recent research shows that decentralized exchanges that distribute tokens via airdrops see a big boost in user numbers and transactions. But, is building communities this way just crypto’s version of printing money? Airdrops — the disbursal of free tokens to early users as a way of rewarding and building momentum — have been around for
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Senior Economist at UOB Group Alvin Liew comments on the recent publication of the FOMC Minutes of the January event. Key Takeaways “The Jan FOMC minutes noted that most participants thought it was warranted the Federal Reserve should hike the Fed Funds Target Rate (FFTR) at a faster pace this time compared to 2015 due
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Prior -3.7%; revised to -4.0% Retail sales +9.1% vs +8.7% y/y expected Prior -0.9%; revised to -1.7% Retail sales (ex fuel) +1.7% vs +1.2% m/m expected Prior -3.6%; revised to -3.9% Retail sales (ex fuel) +7.2% vs +7.9% y/y expected Prior -3.0%; revised to -3.8% After the omicron impact in December, retail sales activity picked
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Even though the US markets were in deep selloff overnight, Asian markets are just mixed. Investors are still waiting for come clarity on the Russia-Ukraine situation before taking a committed move. Trading is also subdued ahead of a long weekend in the US, with a holiday on Monday. In the currency markets, Aussie and Kiwi
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