Japan defence ministry says it ordered preparation for destruction of any North Korean missile Says order is in response to North Korea’s planned launch of what it says is a satellite Says order for destruction would be for any North Korean missile that is confirmed to land in our territory standard SM-3 or Patriot missile
Month: May 2023
The near-term outlook for gold remains weak as the US debt ceiling crisis nears a resolution and the Dollar Index remains strong. Traders can look to book profits in gold and silver futures. As for buyers of physical gold and silver, the correction will bring an opportunity to buy bullion. The price of physical gold
In this article URBN Follow your favorite stocksCREATE FREE ACCOUNT Exterior view of an Urban Outfitters store is seen in Pasadena, California, May 22, 2021. RBL/Bauer-Griffin | GC Images | Getty Images Shares of Urban Outfitters popped about 8% Tuesday after the company reported fiscal first-quarter earnings that beat Wall Street’s estimates on the top
Share: People’s Bank of China (PBOC) set the USD/CNY central rate at 7.0575 on Monday, versus previous fix of 7.0760 and market expectations of 7.0574. It’s worth noting that the USD/CNY closed near 7.0625 the previous day. “China central bank says to conduct 5 billion yuan 3-month central bank bill swap on May 29,” reported Reuters. “With 2
The USDJPY dipped to the 50% midpoint of the range since the 2022 high after breaking above that level yesterday. The corrective move dipped just below that level but found buyers ahead of the better-than-expected US data. That data sent the USDJPY back to the upside. The buyers remain in full control. Stay above the
The debt ceiling charade is all over. This was the 79th time it’s been raised since 1960 and the US still hasn’t defaulted. Remember that next time. The US has averted a major economic crisis by raising its debt ceiling as part of a new two-year budget agreement that echoes the structure of the past
Weaker-than-expected demand for copper from China dampened the sentiment for the base metals. Copper, the widely used industrial metal is trading down by more than 8% so far this month in key London Metal Exchange and domestic futures platforms. A similar trend was witnessed in the China Shanghai futures as well. Copper prices were on
Last week saw the US Dollar dominating the currency markets, with a surprising rally buoyed by market sentiments flipping in favor of an imminent Fed rate hike in June. An atmosphere of growing optimism pervaded the scene, buoyed by increasing confidence in a forthcoming agreement on raising the US debt ceiling, thus staving off a
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s shares spiked early Wednesday as the struggling retailer posted a surprise profit while it chases a turnaround. Shares jumped more than 12% in premarket trading. related investing news Here’s the secret sauce that fueled
Share: NZD/USD bears eye a continuation below structure. Bulls could be lurking at a key area of potential support. NZD/USD remains on the backfoot following the Reserve Bank of New Zealand confirming it would ease mortgage loan-to-value ratio (LVR) restrictions from June 1. The technical outlook is bearish for the meanwhile, but there could be prospects
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United States president Joe Biden and Republican Kevin McCarthy have reportedly reached a “tenative” agreement to raise the federal government’s $31.4 trillion debt ceiling. According to a May 28 Reuters report, which cited two sources familiar with the negiotations, Biden and McCarthy reached ” a tenative deal” to raise the debt ceiling, in an effort
GBPUSD falls back toward lows for the week The GBPUSD moved higher in trading today held by better-than-expected retail sales. The price extended up to and through the falling 100-hour moving average currently at 1.23839 (blue line in the chart above). The price also entered into a swing area that has a number of different
A debt ceiling deal isn’t done yet but it’s safe to trade as if it is. Here are the latest comments from US House majority leader Kevin McCarthy. We do not have a deal yet June 5 date doesn’t change things We’ll get debt ceiling deal when it gets right Have not dropped permitting reform
Gold prices languished near a two-month low on Friday and were set for their third straight weekly fall, as progress in U.S. deal ceiling negotiations bolstered the dollar. FUNDAMENTALS * Spot gold was flat at $1,939.18 per ounce by 0032 GMT after hitting its lowest since March 22 in the previous session. U.S. gold futures
In this article ANF Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Shares of Abercrombie & Fitch soared 18% in premarket trading Wednesday after the mall retailer beat estimates, raised its guidance and reported a
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