The USDJPY continued it’s move higher today after reaching a low of 132.419 yesterday. That move took the price below a swing area between 132.24 and 132.479. However, when the price move back above the swing area during the US session yesterday, sellers turned buyers and that momentum has continued into today. In the morning
Month: August 2022
An acceleration of coronavirus cases late in the week has plunged more areas in China into tighter restrictions and complete lockdown. Including: In the southern province of Hainan two cities (total population just under 1 million), Dongfang and Chengmai, extended the lockdowns currently in place. The 3 data lockdown are now for around a week,
Gold prices were flat on Friday, weighed down by an uptick in the Treasury yields and prospects of U.S. interest rate hikes, although broader weakness in the dollar kept bullion on track for its fourth weekly gain. FUNDAMENTALS Spot gold was flat at $1,787.57 per ounce, as of 0120 GMT. However, bullion has gained 0.7%
Bottles of Beam Inc.’s Jim Beam bourbon whiskey, center, are displayed for sale at a liquor store. Uriko Nakao | Bloomberg | Getty Images The maker of Jim Beam said some price-sensitive whiskey and tequila drinkers are opting for cheaper bottles, making it the latest company to note diverging behaviors among lower- and higher-income customers.
Analysts at MUFG Bank, have the idea of a shorting the EUR/USD pair around 1.0290 with a target at 0.9900 and a stop-loss at 1.0540. They consider that European circumstances create uncertainty for the euro and market participants could start pricing in more tightening from the Federal Reserve. Key Quotes: “We are sceptical of the
In an article I wrote for Cointelegraph, I commented on how the European Union has moved forward to regulate the crypto-asset market through Markets in Crypto-Assets (MiCA) and Transfer of Funds Regulation (ToFR). With this subject as a background, I had the privilege of interviewing one of the people who knows the most about regulating
The price of WTI crude oil futures are settling at $92.09. That’s down $-2.25 or 2.3%. The low price reached $91.19. The high price extended to $94.79. One week ago today, the price closed the week at at $88.53. With the price settling at $92.09, the gain is $3.56 or 4.02%. The low price this
US, Indo- US, Indo- Pacific coordinator Campbell is on the wires saying: China used Pelosi visit as pretext to launch pressure campaign on Taiwan China overreacted to Pelosi visit China surrounded Taiwan with more than a dozen warships US response has been responsible, steady and resolute US opposes any unilateral changes to the status quo
Gold price in the national capital on Friday declined by Rs 90 to Rs 52,915 per 10 grams, according to HDFC Securities. The precious metal had closed at Rs 53,005 per 10 grams in the previous trade. Silver also dipped by Rs 374 to Rs 59,166 per kg from Rs 59,540 per kg in the
Sterling falls broadly today while smaller than expected GDP contraction didn’t ease recession worry. Euro is also weak following decline in Germany benchmark yield, but Yen was worse. Dollar, on the other hand, is trying to reverse this week’s losses, with help from the strong rebound in 10 year yield. But upside of the greenback
Gas station prices are seen in Bethesda, Maryland on August 11, 2022. Mandel Ngan | AFP | Getty Images There was more good news Friday for inflation, as import prices fell more than expected and brought some much-needed relief for consumers. The report capped off a relatively upbeat week for those worried about rising prices
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, Guangdong province of China. Jade Gao | Afp | Getty Images BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly
CSSE stock tanked 10.4% in Friday’s premarket. Chicken Soup for the Soul reported a wide GAAP loss of $-1.39 in Q2. CSSE just concluded its acquisition of Redbox on Thursday. UPDATE: Chicken Soup for the Soul stock is down 12.4% to $12.42 in the first hour of Friday’s session. This is actually worse than the premarket where
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The price of WTI crude oil futures are settling sharply higher on the day at $94.34. That’s up $2.41 or 2.62% on the day. The EIA its latest report raised its global oil demand forecasts.. There is a report that Shell had shut down several oilfields and pipelines in the US Gulf as a result
Eurostoxx flat Germany DAX +0.1% France CAC 40 +0.1% UK FTSE +0.1% Spain IBEX flat Meanwhile, S&P 500 futures are up 9 points, or 0.2%, with Nasdaq futures up 0.3%. But that comes after a bit of a lackluster finish in Wall Street yesterday as market players are engaged in some food for thought after
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