People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Following a massive drop in tourism due to the Covid-19 pandemic and a work culture that increasingly keeps people at home, New York City is seeing a large exodus of chain stores and other retail businesses.
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The EU negotiating team has reportedly briefed ambassadors that Brexit talks remain unresolved on three main issues. These are fisheries, governance, and a level playing field. Brussels says London has not moved on these topics. GBP/USD is trading closer to 1.3250, down from near 1.33. Face-to-face talks have been suspended after one EU team member
Dollar moving lower The dollar is falling across the board. The EURUSD has reached new session highs. The USDCAD is also trading to a new session high. In other pairs, the greenback is off the lows still but moving lower nevertheless. For the EURUSD, it has now broken above the 100 hour MA at 1.18526
Credit Suisse on the yen Credit Suisse technical analysts see a scope for a USD/JPY move towards 101.59/18 on a sustained break below 104. “The market now attempting to remove again the key 104.02/00 price pivot. We look for a clear and sustained break to reinforce thoughts of a more important downturn with support next
On a typically brisk winter evening in Saket, South Delhi, Jyoti Singh and a male friend enjoyed a trip to the movies to watch Ang Lee’s Life of Pi. Heading home afterwards they waited at a bus stop, and then boarded a private bus bound for Dwarka at around 9.30pm. But Jyoti didn’t make it
By John KempU.S. petroleum inventories are falling towards more normal levels as the glut earlier this year caused by volume warfare among OPEC+ members and the first wave of epidemic-driven lockdowns is gradually absorbed. Falling inventories are likely to herald a tighter production-consumption balance and a cyclical upswing in both spot prices and calendar spreads
Dollar rises mildly today despite the first rise in initial jobless claims in five weeks. Euro and Swiss Fran are following closely. Global markets are still engaging in consolidative trading, with mild weakness in European equities and US futures. Australian Dollar is leading New Zealand Dollar lower. Still, there is no clear development in the
The pace of workers filing for unemployment claims picked up last week and was a bit higher than Wall Street had been expecting. Jobless claims totaled 742,000 for the week, ahead of the 710,000 estimate from economists surveyed by Dow Jones, according to the Labor Department. That total also represented an acceleration from the previous
Patrick Spence, CEO of Sonos Devan Burris | CNBC Shares of Sonos extended their double-digit gains into Thursday, reaching a 52-week high, after the speaker maker reported strong fiscal fourth-quarter earnings and fiscal-year revenue guidance that beat expectations. The company’s stock was up more than 28%, in an otherwise down market. Sonos reported 33 cents
USD/CHF recovery hits resistance at 0.9130 and retreats to 0.9110 area The dollar pares losses and remains barely changed on the day. Speculation about Fed monetary easing in December is weighing on USD longs. US dollar’s bullish reversal from 0.9105 area witnessed during the early European session on Thursday has been capped at 0.9130 and
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Watch More Price Action Trading Videos by Nial Fuller At – http://www.LearnToTradeTheMarket.com Video Synopsis – GBPUSD 4 Hour Fakey Price Action Trade Signal With Trend The price action fakey setup I traded in this video is a contrarian approach to trading the markets. While we are trading a contrarian setup we still want to trade
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S&P index and Dow industrial average closed down around -1.10% The major indices slip lower in trading today after earlier gains. Russell 2000 and down transports at record intraday high, but are closing lower S&P and Dow industrial average each fall around -1.16% All S&P sectors closed lower utilities healthcare and energy were the hardest
Daily thread to exchange ideas and to share your thoughts Bend but don’t break. The dollar continues to hold its ground after running into a test near key technical levels in trading yesterday. Meanwhile, risk buyers saw the latest round of vaccine optimism fade rather quickly with US stocks slumping towards the close. EUR/USD backed away after
NEW DELHI: Gold and silver futures for December delivery fell on Thursday on reduced safe haven appeal, as hopes of a Covid vaccine outweighed concerns over a short-term lockdown globally. Gold futures on MCX were down 0.28 per cent at Rs 50,185 per 10 grams. Gold prices are off recent highs of Rs 56,379. Silver
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks plunged -10.16 mmb to 1354.91 mmb in the week ended November 13. Crude oil inventory gained +0.77 mmb (consensus: +1.65 mmb) to 489.48 mmb. Stockpile increased in 3 out of 5 PADDs. However, PADD5 (West
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia beat analyst expectations on both earnings and revenue in its fiscal fourth quarter but shares barely