Gold eased on Tuesday in choppy trading that had earlier seen it climb as much as 1%, as a firm dollar and rising U.S. Treasury yields outweighed support from bets on higher inflation as Washington rolls out more stimulus. Spot gold was 0.1% lower at $1,842.21 per ounce at 10:07 a.m. EST (1507 GMT). On
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Sterling surges broadly today after BoE Governor criticized that negative interest rates have a lot of issues. Commodity currencies are currently the next strongest, reversing some of this week’s pull back. On the other hand, Dollar is now the weakest one for the day, as the near term recovery lost momentum. Yen and Euro are
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019. Michael Nagle | Bloomberg | Getty Images U.S. online purchases over the 2020 holidays grew 32.2% from 2019, totaling a record $188.2 billion as shoppers stayed home and shopped on the
Randy Garutti Cameron Costa | CNBC A rendering of Shake Shack’s drive-up window Source: Aria Group Shake Shack was one of the first restaurant chains to unveil restaurant designs inspired by habits its customers adopted during this year’s health crisis. In May, it debuted the “Shack Track,” which has drive-up and walk-up windows that are
WTI jumps to a fresh high since February 2020 after the private inventory report. API data suggests a draw of 5.821 million barrels in oil inventories versus -1.663M prior. Risk-on mood, weaker US dollar also favored the upside momentum. WTI remains on the front foot after the American Petroleum Institute (API) data propelled the quote
50% retracement above. 100/200 hour MAs below The USDCAD is trading between support defined by the 100/200 hour MA below and the 50% retracement above (resistance). The support comes in against the 100/200 hour MAs. They currently come in at 1.2720 to 1.27256. Also near that level is a swing area between 1.2722 and 1.2733.
The price of Bitcoin (BTC) rose 20% on Jan. 12 from $30,500 to around $36,600 across major exchanges. But while the rebound after the correction has been strong, there are two warning signs. BTC/USDT 1-hour price chart (Binance). Source: TradingView.com First, the funding rate in the futures market remains high. The funding rate is a mechanism
What’s at the top of the agenda Economic data is light today with JOLTS as the only notable release on the schedule. The consensus for the 1500 GMT report is 6400 job openings but it won’t be a market mover. It’s all about Fedspeak today starting with Brainard at 1435 GMT. She’s speaking at an
Gold prices in the national capital jumped for the second consecutive day on Tuesday gaining Rs 297 to Rs 48,946 per 10 gram, in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,649 per 10 gram. Silver also gained Rs
Dollar remains firm after some Fed officials’ upbeat talks about the second half but buying appears to be slowing slightly in Asian session. Gold is also setting in range for now, reflecting some hesitation to push the greenback further higher. Yen and commodity currencies turned mixed, together with the stock markets. While US stocks closed
Victor J. Blue | Bloomberg | Getty Images Crocs shares soared Monday after the retailer raised its outlook for the fourth quarter, and said it expects sales in 2021 to accelerate as much as 25%, building on the brand’s momentum during the holidays. The retailer’s stock was up nearly 11% in premarket trading. The shoe
European Commission President Ursula von der Leyen tweeted out on Tuesday, AstraZeneca has applied to the European Medicines Agency (EMA) for its vaccine authorization in the EU. Good news! @AstraZeneca has applied to @EMA_News to have its vaccine authorised in the EU. @EMA_News will assess the vaccine’s safety & efficacy. Once the vaccine receives a
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Remarks overnight via CS on the euro: EUR/USD extends its rejection from our long-held ‘measured base objective’ at 1.2355 and with RSI momentum holding a triple bearish divergence and with the USD rebounding from major support and our next core objective, we continue to look for a consolidation phase to emerge Below price support at
Aso says 400k yen will be provided to small firms that suffer a sales decline by half or more due to shorter hours over measures to address the pandemic In other news two more prefectures are being considered for emergency measures – Aichi and Gifu For bank trade ideas, check out eFX Plus
Brent oil prices could rise to $65 per barrel by summer 2021, Goldman Sachs said on Monday, driven by output cuts in Saudi Arabia and the implications of a shift in power to the Democrats in the United States. The Wall Street investment bank had previously predicted oil would hit $65 by year-end. The Democrat-led