Sterling’s selloff accelerates further today after leaders from both EU and UK admitted that their negotiations positions are still part. No-deal Brexit is now seen as the most likely scenario, and we should know very soon by the end of Sunday. Dollar and Yen recover mildly today, on mild risk-off mode ahead of the weekend.
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Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to
Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts’ estimates, as shoppers frequented the retailer’s stores and website to buy workout apparel during the period. In North America, net revenue grew 19%, boosted
Gold remained depressed for the third consecutive session on Friday. Resurgent USD demand was seen exerting pressure on the commodity. A turnaround in the global risk sentiment helped limit any further losses. Gold edged lower during the mid-European session and dropped to the lower end of its weekly range, around the $1824 region, albeit lacked
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S&P and Dow industrial average fall The US stocks end the session with mixed results. The NASDAQ index rebounded a portion of its sharp -1.94% decline from yesterday. The S&P index in the down industrial average each closed lower for the 2nd consecutive day. The S&P and Dow are on pace for the 1st weekly
Forex news for Asia-Pacific trade on December 11, 2020: Markets: Gold up $1 to $1837 Nikke down 0.4% AUD leads, NZD lags Newsflow was minimal but there was some decent price action for a ‘quiet’ Friday. The direction was a continuation of the Friday trade in New York as the dollar was sold once again
Ethereum wallet MetaMask is seeking to attract institutional investors into the decentralized finance sector with the soon-to-be-launched institutional-grade version. The popular wallet, with more than 1 million monthly active users, introduced token swaps in October this year, and is now looking to expand even further. Developers ConsenSys identified that DeFi protocols are currently too inefficient
NEW DELHI: Gold futures edged higher while silver futures were trading flat in Friday’s session as concerns over the delays in the US stimulus package, rising unemployment in the world’s largest economy and Brexit overshadowed optimism over ECB stimulus announced in the previous session. A weak dollar that hovered near a two-and-a-half-year low also pushed
Accelerating rally in iron ore prices pushes Australian broadly higher today, on the back of steadily firm risk sentiment. The Aussie is currently the strongest one for the week, followed by New Zealand Dollar, while Canadian is not far away, with help from oil prices. Sterling remains the worst one, on the “strong possibility” of
American homeowners are $1 trillion richer as the pandemic-driven housing boom pads their pockets. As prices rise, home equity multiplies. In the past year, homeowners with mortgages, representing about 63% of all properties, have seen their equity increase by 10.8%, according to CoreLogic. That equates to a collective $1 trillion in gained equity, or an
Silver prints mild losses, recently fails to extent recovery moves from $23.87. Sustained trading below the key HMA suggests further downside. Monthly horizontal support challenges the bears amid normal RSI conditions. Silver declines to $23.96, down 0.17% intraday, during Friday’s Asian trading. In doing so, the white metal keeps its U-turn from 100-HMA, marked the
Trendline support at 0.8849 stalls the fall The USDCHF fell to another new low going back to January 2015 today, cracking below the low from yesterday at 0.88704 in the process. The low price extended to 0.88513. That low, however, found dip buyers ahead of a lower trend line on the hourly chart at 0.8849,
What can we expect going forward It was announced yesterday that 17 state Atty. Gen.’s sided with Texas in their attempt to sue and throw out the votes from the key battleground states of Wisconsin, Michigan, Pennsylvania and Georgia. So what’s next: The states named as prospective defendants must file their responses to the Supreme
Oil surged above $50 a barrel on Thursday for the first time since early March as hopes of a faster demand recovery after the release of COVID-19 vaccines offset a huge rise in U.S. crude inventories that showed there was still ample supply available. Britain began vaccinations this week and they could start as soon
Dollar falls broadly in early US session after much worse than expected jobless claims data, confirming the impact of the current wave of coronavirus pandemic. Yen is not far behind for now as second weakest. But Sterling is also facing some selling pressure on Brexit impasse. Commodity currencies are currently the strongest ones, as led