Bank of England, Governor Andrew Bailey, 0.10%, Meets May 06 Prior to the latest BoE meeting on March 18 there was a tail risk of a rate hike coming into the markets. The GBP has been strongly supported over the last few weeks and the last meeting continues to provide reason for optimism regarding GBP
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Closed at 0.7744 The AUDUSD has cracked below an upward sloping trend line and away from the 100/200 hour MAs today. The pair has also just cracked back below the close from last week at 0.7744. The pair is trading at 0.7737 as I type, after reaching an intraday low at 0.77337. The next downside
NEW YORK: Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared. US crude and global benchmark Brent logged their biggest daily drops in more than three weeks, but saw monthly gains of near
Employees during a press visit to the first shale gas exploring site started by Chevron in Pungesti, Romania, April 2014. Mircea Restea | AFP | Getty Images After a brutal year for the energy sector, Chevron reported a profit for the first quarter of 2021 as a recovery in oil prices boosted operations. The company’s
What you need to know on Monday, May 3: The American dollar soared on Friday as risk-aversion fueled demand for the greenback alongside month-end flows. The EUR/USD pair settled at 1.2020 while GBP/USD finished the week around 1.3830. The Australian dollar also fell, but held above the 0.7700 threshold, while the USD/CAD settled near weekly
Bloomberg post a summary of Buffett’s dealings via a weekend regulatory filing: net stock sales in the first quarter were the second-highest in almost five years and Berkshire Hathaway slowed its pace of share buyback Berkshire’s cash holdings rose 5.2% from three months earlier to a near-record $US145.4 billion at the end of March The
Dollar moving higher. The EURUSD is moving below its 100 day moving average of 1.20537, and trades to a new session lows just ahead of the London fixing at the top of the hour. The dollar is also moving higher vs other pairs as well. The GBPUSD is trading a new lows, the USDJPY and USDCHF are trading a new
Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions and kept buyers away. Several Indian states have run out of coronavirus vaccines as new infections surged to another daily record. “Almost every state government has put some kind
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Federal Reserve Chairman Jerome Powell said Wednesday that he has in the past met with homeless Americans and that doing so reminds him of those he works for as a government official. Powell said he has not yet met with members of the homeless encampment near the Fed’s building in Washington. He added that he
In this article XOM .CRBQX A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon Mobil returned to profitability during the first quarter, beating top- and bottom-line estimates for the period, as the company recovers from the havoc wreaked on the energy sector by the coronavirus pandemic. The oil giant
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Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future. While projects that operate on the Ethereum (ETH) network
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The 100 day MA is joined by swing area The NZDUSD moves down to test the 100 day MA at 0.7161 and a swing area in the same area (see red numbered circles). The price last tested the MA line on April 22 and April 23. There were minor breaks below that MA on that
By Eddie Spence and Megan DurisinThe prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life. From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The