Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common currency is actually suffering a fresh round of heavy selling, just after NFP risk is cleared. Technically, it shouldn’t be
Month: March 2022
Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau of Labor Statistics reported Friday. That compared to estimates of 440,000 for payrolls and 3.9%
In this article BBY Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy on Thursday fell short of Wall Street’s fourth-quarter sales expectations, as it ran low on some popular holiday items and
USD/CAD reversed sharply higher on Friday to test 1.2800 following strong US jobs data and amid a broadly risk-off tone. Currently, USD/CAD is up about 0.7% on the day and 1.5% versus multi-week lows printed on Thursday under 1.2600. USD/CAD reversed sharply higher on Friday after the release of what traders described as a bumper
Dear USDJPY stalls on the upside against swing level resistance The USDJPY bounced higher in the Asian session and extended toward the high of a swing area between 115.68 and 115.786. The high reached 115.801- just above the high of that area – and backed off. The price is trading to a new NY session
Prior 56.3 That’s a solid improvement from January, with construction output seeing the fastest rise in eight months. The growth was led by a marked and accelerated rise in housing activity, though there were solid improvements in commercial and civil engineering activity as well. The only downside is that companies are still reporting widespread supply
Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches. Tensions rose on Friday after Russia escalated its assault by attacking a Ukrainian nuclear plant, the biggest in Europe, according to Ukrainian officials. Prices from crude to aluminum and wheat soared, as commodities stage
Markets sentiment took another dive on reports of Russia’s attack on a nuclear complex in Ukraine. Euro is extending recent decline, together will steep selloff in Asian stocks. Meanwhile, Australian Dollar is solidifying upside momentum, taking New Zealand Dollar higher too. Dollar remains mixed and will look into non-farm payroll report from the US. But
Residents outside a shopping mall during a break in curfew in Kyiv, Ukraine, on Tuesday, March 1, 2022. Erin Trieb | Bloomberg | Getty Images Rising inflation and global supply chain strains remain top of mind for retailers as they navigate the post-holiday earnings season. But also making its way into conversations with analysts and
In this article SG A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses but strong fourth-quarter sales growth and promising performance at its restaurants in its first quarterly report since its initial public offering. The salad chain also issued a strong sales outlook for 2022, although it
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FTX, one of the world’s largest cryptocurrency exchanges, is launching a new team called FTX Gaming that is focused on driving crypto and non-fungible token (or NFT) adoption in the gaming world. According to an FTX spokesperson, the company is launching a “crypto-as-a-service” platform through which tokens can be launched and support for NFTs within
Short Term Elliott Wave View in IBEX suggests the decline from November 1, 2021 peak is unfolding as a 5 waves diagonal. Down from November 1, 2021 peak, wave (1) ended at 8082.4 and rally in wave (2) ended at 8912.20. The Index resumes lower in wave (3) which ended at 8048. The 1 hour chart
The major indices are trading mixed with the Dow industrial average up 0.34%. The S&P index of 0.16% while the NASDAQ index is down -0.56% currently. Tests the 200 hour moving average and stalls If you were to look at the hourly chart of the NASDAQ index above, the high for the day at 13837.59
This data was out a little earlier. Catching up now. ANZ remarks on the report: respondents nervously eyed up widespread COVID in the community for the first time. Key points Consumer confidence plunged 16 points in February to 81.7, its lowest level since the data began in 2004. The proportion of people who believe it
New Delhi: Gold in the national capital on Thursday jumped Rs 271 to Rs 51,670 per 10 grams in line with strong international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 51,399 per 10 grams. Silver also gained Rs 818 to Rs 68,425
Overall, market sentiment is rather stable today, with major European indexes just slightly lower, while US futures point to recovery. Benchmark treasury yields are also ticking slightly higher. WTI crude oil is retreating slightly after breaking 115 handle. Gold is gyrating in tight range above 1900. In the currency markets, Euro remains the weakest one