Oil prices surged about 3% on Wednesday, after U.S. crude stocks fell more than expected, adding to worries of supply tightness amid OPEC+ production cuts. Brent crude futures breached $97 a barrel, and was trading up $2.55 to $96.51 a barrel by 11:40 a.m. ET (1540 GMT). U.S. West Texas Intermediate crude futures (WTI) climbed
Month: September 2023
Australian retail sales is listed as high impact (see screenshot below). Dunno ’bout that. The release might shift AUD/USD a few tics if we’re lucky. A beat will lend AUD a bid, a miss and the offer should prevail. Fo a few tics at least. This snapshot from the ForexLive economic data calendar, access it
Dollar rally shows no signs of stopping in early US session, and the greenback it buoyed slightly by stronger than expected data on durable goods orders. Yet, looming in the background is the potential for the fourth US government shutdown in the last ten years, a scenario that’s only days away. Minneapolis Fed President Neel
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according to a new report by the Latino Donor Collaborative in partnership with Wells Fargo. Over the last decade, the U.S. Latino economy has grown two and a half times faster than the non-Latino equivalent, surpassing
Bitcoin (BTC) broke higher into the Sep. 27 Wall Street open as one analyst predicted a return to $30,000 in October. BTC/USD 1-hour chart. Source: TradingView BTC price reaches for $27,000 in fresh uptick Data from Cointelegraph Markets Pro and TradingView followed BTC price action as bulls gathered steam to reach $26,823 on Bitstamp. The
Share: Gold price faces an intense sell-off as Fed’s hawkish stance strengthens the US Dollar. The US economy has remained resilient on the grounds of a tight labor market and robust household demand. Investors await the US Durable Goods Orders to put some light on the manufacturing sector’s outlook. Gold price (XAU/USD) hits a fresh
US: The Fed left interest rates unchanged as expected. The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike by the end of the year with less rate cuts in 2024. Fed Chair Powell reaffirmed
Gold prices were hovering at two month lows with an unrelenting greenback, triggering the slide. The MCX October gold futures were trading down by Rs 182 or 0.31% from the Tuesday closing price at Rs 58,250 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,110 per kg, lower
Prior -0.4% Broad money growth in the euro area declines further as financial conditions continue to tighten and rather quickly I might add in the last few months. A credit crunch is something the ECB wants to avoid but considering the circumstances, they might have to endure a taste or two of that at least
Amid the backdrop of surging treasury yields, Dollar has pressed on, extending its recent rally. The mounting sentiment of risk aversion has provided additional tailwinds for the greenback, especially after the DOW experienced its sharpest decline since March. For now, Yen emerges as the day’s runner-up in strength, shadowed closely by Canadian Dollar. Conversely, Australian
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | Reuters JPMorgan Chase & Co. CEO Jamie Dimon says geopolitics after Russia’s invasion in Ukraine is the biggest risk, larger than
In this article COST Follow your favorite stocksCREATE FREE ACCOUNT Exterior view of a Costco store on August 18, 2020 in Teterboro, New Jersey. Kena Betancur | Corbis News | Getty Images Costco on Tuesday reported quarterly earnings that topped Wall Street’s expectations, as shoppers turned to the membership club for groceries but bought fewer
Share: The GBP/JPY consolidated in the back half of Tuesday trading, pinned to the low side just above 181.00. The Guppy is down from Tuesday’s opening bids near 181.80. Broader market risk appetite burst into flames on Tuesday, but Yen traders are leery ahead of Japan inflation figures. The GBP/JPY is down nearly 80 pips
NZDUSD moves toward the 200 bar moving average The NZDUSD is pushing back toward the lows for the day and in the process it is moving back toward the 200 bar MA on the 4-hour chart at 0.5933. Earlier in the European session, the price tested that moving average line only to bounce back higher,
Oil prices rose by about 1% after reaching a two-week low earlier in the session on Tuesday, as investors weighed expectations of tighter supply against demand concerns stemming from an uncertain economic outlook. Brent crude futures were higher by 83 cents, or 0.89%, at $94.12 a barrel at 1:33 p.m. EDT (1733 GMT), while U.S.
The US has a growing theft problem. Target highlighted growing ‘organized theft’ in its latest earnings call and now it’s backing it up with actions. The retail giant will close nine stores: Three in the San Francisco bay area Three in Portland Two in Seattle One in New York City The company still has a
Dollar, although retaining its strength, is witnessing mild deceleration in upside momentum as US session starts. The spotlight now shines on any potential progress within the US Congress to prevent a partial government shutdown looming this Sunday. While the notion of a shutdown isn’t unfamiliar in the US, having occurred 14 times since 1981, this
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience – Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8,
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