Nasdaq and S&P still remains lower on the month The major US indices are closing higher with the NASDAQ leading the charge. All three major indices snapped three days losing streaks The Dow and S&P are on track for a weekly loss NASDAQ is higher for the week and looking to close higher for the first time in
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Gold hovered close to a more-than-four-month peak it scaled in the previous session, fuelled by a dip in the and U.S. yields as investors shrugged off the Federal Reserve‘s hints on possible tapering of economic support measures. Spot gold rose 0.4% to $1,876.80 per ounce by 10:36 a.m. EDT (1436 GMT). U.S. gold futures fell
The forex markets are very quiet today, with most major pairs and crosses staying inside yesterday’s range. Dollar is paring some post FOMC minutes gains, while Sterling is also soft. On the other hand, Australian and New Zealand Dollar are both recovering mildly. As for the week, Euro is currently the strongest one,m followed by
A woman wearing a face mask rides a scooter past the U.S. Federal Reserve in Washington, D.C., the United States, on Jan. 27, 2021. Lie Jie | Xinhua News Agency | Getty Images The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday that it will release a
In this article KSS Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s on Thursday reported first-quarter earnings and sales that topped analysts’ estimates, and raised its outlook for the full year. Its stock jumped more than 1% in early trading. Here’s how
GBP/USD Forecast: Recovering from the Fed? Not so fast, as sterling faces UK reopening risks Freedom Day may be less free than anticipated – The UK may dilute plans to relax COVID-19 rules on June 21 due to worries about the India variant. While the number of people infected with the B.1.617.2 strain of coronavirus
Latest data released by CBI – 20 May 2021 Prior -8 Trends selling prices 38 Prior 27 Invest in yourself. See our forex education hub. UK factory orders jump to their highest since December 2017 as the reopening continues to fuel stronger economic prospects in Q2. That said, businesses continue to fear supply chain bottlenecks
The dollar is slightly weaker as the market stabilises Steady tones across the board is helping to keep the market less nervous as compared to yesterday with the bounce in crypto also helping with sentiment somewhat. The dollar is softer across the board as such with EUR/USD clipping 1.2200 once again after defending its 100-hour
Prices in China for commodities such as iron ore, steel rebar, coal and copper have surged to record highs this month prompting the government to step in to curb “unreasonable” cost increases for consumers. WHAT HAVE COMMODITY PRICES DONE? As the world’s factory floor and largest construction market, China has been the main driver of
Dollar recovered overnight, with help from mild risk aversion and some slight hawkish twists in FOMC minutes. Yet, it couldn’t manage to break through any near term technical level yet. Euro remains the strongest one for the week at this point, followed by Yen. Commodity currencies are the generally weaker ones while Aussie is getting
Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday. “A number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals, it might be appropriate at some point in
In this article LB Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021. Bing Guan | Bloomberg | Getty Images Victoria’s Secret parent L Brands on Wednesday reported first-quarter earnings and sales that topped analysts’ estimates, driven by momentum across its business and more people
EUR/JPY corrects lower from recent 2021 peaks near 133.50. Further downside should see contention in the 131.00 area. EUR/JPY recedes further following Wednesday’s new YTD tops in the 133.50 region. While the ongoing knee-jerk is seen as corrective only, it is expected to meet initial support in the 131.00 neighbourhood, or May lows. A breach
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The labour market employment report is due from Australia at 0130GMT I posted the heads up earlier: To repeat (click-saving initiative!): Employment Change: K expected 20K, prior 70.7K Unemployment Rate: 5.6% expected %, prior 5.6% Full-Time Employment Change: K prior was -20.8K Part-Time Employment Change: K prior was 91.5K Participation Rate: % expected 66.3%, prior
100 hour moving average of 1.21611 The EURUSD just moved down to test its 100 hour moving average of 1.21611. The low reached 1.2159 and as already bounce back up toward the 1.2171 level (the broken 38.2% retracement level). It would take a move above that level and then the swing area from May 10/May 11 between 1.2176 and 1.2181 to frustrate the