The forex markets still generally range bound for the moment. Dollar weakened mildly overnight, but stays above near term lows against other major currencies. Similarly, Yen is also bounded in very tight range. US stocks’ rebound overnight was as positive development for sentiments. Yet, there is no follow through actions in Asia. Though, volatility might
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The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low of 444,000, the Labor Department reported Thursday. Economist surveyed by Dow Jones had been expecting 452,000 new claims as the jobs picture improves thanks to an accelerated economic reopening across the country. The total represented
In this article WOOF Shoppers wait in a line outside a Petco pet store in Hollywood, California, on April 23, 2020 during the novel coronavirus pandemic. Robyn Beck | AFP | Getty Images Petco Health and Wellness Company reported Thursday first-quarter earnings that outpaced Wall Street’s estimates as a surge in pet adoptions continues to
Alvin Liew, Senior Economist at UOB Group, assesses the FOMC minutes of the April 27-28 meeting (Wednesday). Key Quotes “The key highlight of the 27-28 April FOMC policy meeting minutes was a number of the participants “suggested that if the economy continued to make rapid progress toward the Committee’s goals, it might be appropriate at
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New Zealand Finance Minister Grant Robertson speaking, says he wants to return to a fiscally viable position But … it’s too early to set a target for net debt Also: hopes border opens more in 2022 NZ relationship with China is very important Robertson adds that the NZ relationship with China is built on mutual
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
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