Forex news for North American trading on July 2, 2020 In other markets as the week comes to a close shows: Spot gold is trading up $10.69 or +0.6% at $1787.29. Spot silver is up $0.44 or 1.69% $26.45 WTI crude oil futures are trading down nine cents or -0.11% at $75.15 Bitcoin is trading down $293
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Down seven cents or -0.09% The price of WTI crude oil futures are settling at $75.16. That’s down seven cents or -0.09%. The high price reached $75.62. The low price extended to $74.41 Looking at the hourly chart below, the price has been fluctuating up and down trading today as the OPEC+ meetings continue without a
Gold rose on Friday, climbing further up from a two-month trough hit during the week, as the dollar weakened and investors weighed prospects for U.S. Federal Reserve tightening after a strong U.S. jobs report that nevertheless showed a slight uptick in the unemployment rate. Spot gold rose 0.3% to $1,781.77 per ounce by 12:48 pm
Dollar struggles to ride on stronger than expected non-farm payroll growth, and it’s indeed retreating notably in early US session. Stocks are also not too enthusiastic so far, with DOW futures up only around 0.2% at the time of writing. Still, the greenback is more likely to finish as the strongest one for the week,
US President Joe Biden speaks on the June jobs report in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, DC on July 2, 2021. Mandel Ngan | AFP | Getty Images WASHINGTON — President Joe Biden responded to the June jobs numbers on Friday, saying the
In this article F Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor’s June and second quarter sales were below analyst expectations as a global shortage of semiconductor chips caused significant production cuts and inventory constraints. Ford sold 475,327 vehicles during the second quarter,
Previewing the FOMC’s June meeting minutes, which will be published on July 7, “we will be looking for elaboration on the potential timeline for tapering after the relatively hawkish dot plot and press conference,” said TD Securities analysts. Key quotes “What will constitute “substantial further progress”? What is meant by “we will provide advance notice
The latest project from one of wallet provider Xapo’s co-founders, Federico Murrone, has secured the go-ahead from Liechtenstein’s financial regulator for his new startup Lirium to provide its crypto solution for banks, fintechs and marketplaces worldwide. The project, called Lirium, offers a plug & play backend solution that aims to enable various partners – whether they be neobanks,
It is all about the NFP release today The payrolls figure will once again steal the headlines initially but barring any shocks and/or surprises, I would say that the devil will be in the details when it comes to digesting the report as a whole. A strong headline number plus solid readings in wages and
GBP/USD under technical pressure below 1.3800 Invest in yourself. See our forex education hub. The range for today remains a bit more subdued going into European trading but the pair is now holding near the lows @ 1.3753 with the dollar keeping steadier so far. The firm break below 1.3800 yesterday was the first since
NEW DELHI: Gold prices held in a tight range on Friday as investors stayed away from making big bets ahead of the US nonfarm payrolls data that could sway Federal Reserve’s monetary policy stance. The yellow metal showed mild gains in domestic markets. US non-farm payrolls data, due later in the day, is expected to
After delaying the meeting to discuss output quota for a day, the OPEC+ still fails to reach a deal regarding production increase for the coming months. News headlines suggest that the increase could eventually be below market expectations. Crude oil prices jumped with the front-month WTI contract rose to near 3-year high of US$76.22/ bbl
A for sale sign is seen near a house for sale in South Pasadena, California. Frederic J. Brown | AFP | Getty Images The epic housing shortage that began before the pandemic and then was exacerbated by it may finally be starting to ease up. More supply is suddenly coming on the market, which will
A person walks outside Duane Reade by Walgreens in Hell’s Kitchen on May 26, 2021 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance said on Thursday that sales rebounded at its stores in its fiscal third-quarter and got a lift from Covid-19 shots, prompting the company to raise its outlook for
EUR/JPY failed to capitalize on the previous day’s gains and remained muted on Friday. The Euro remained grounded on upbeat economic data and ECB optimistic view on the economy. Yen flattered against majors on weaker economic recovery and spread of the highly contagious Delta variant. EUR/JPY remains muted on Friday in the European trading hours.
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