Dollar is overwhelmingly the worst performer for the week, after yesterday’s post-CPI selloff. Yen is the strongest one, with help from the steep decline in US yields too. European majors follow as next strongest, with Swiss Franc having an upper hand against Euro and Sterling. While US stocks surged and Asia followed, commodity currencies are
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Economists at Danske Bank expect the British Pound to shrug off the UK Autumn Statement due out on November, 17. Global investment environment to weigh on GBP “Going forward, we increasingly expect the global investment environment to weigh on GBP as we expect domestic political themes to take a back seat. This is a result
NASDAQ has its best percentage gain since 2020 As trading in the US stocks has moved into the last hour, the NASDAQ index is currently leading the way with a 6.45% gain. That came represents the highest percentage gain since April 2, 2020 when the stock market was whipping back and forth with huge changes
The United States Treasury has said it’ll be extending a general license that was set to expire next month. This allows some energy-related transactions with several Russian entities including Sberbank, VTB Bank, Alfa-Bank and Russia’s central bank to continue through to May 14, 2023. The comes just weeks before the Group of Seven’s December 5
In this article RKLB Follow your favorite stocksCREATE FREE ACCOUNT An Electron rocket launches from the company’s New Zealand facility on Nov. 4, 2022. Rocket Lab Rocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space company tacking on additional contract wins across its business. “The quarter ended strongly for Rocket
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Federal Reserve officials welcomed Thursday’s news showing that inflation rose less than expected last month, and they noted that interest rate increases could slow ahead. But they also cautioned against getting too
Stablecoin issuer Tether Holdings Limited published its latest quarterly attestation on Nov. 10, highlighting the “extremely liquid” nature of its assets at a time when crypto markets were reeling from news of FTX’s apparent insolvency. Eighty-two percent of Tether’s reserves were held in cash, cash equivalents and other short-term deposits as of Sept. 30, 2022,
Gold rallied by Rs 135 to Rs 51,898 per 10 gram in the national capital on Thursday amid a rise in price of the metal in international market, according to Securities. In the previous trade, the yellow metal had settled at Rs 51,763 per 10 gram. Silver, however, dropped by Rs 250 to Rs 61,618
Dollar dives sharply in early US session after lower than expected CPI readings. CPI might have really started to turn around, and that would support Fed to start slowing the pace of tightening. For now, Sterling, Aussie and Yen are the strongest ones while Swiss Franc and Euro are lagging behind. But it will take
Australian Dollar’s rally from the 0.6385 area, capped at 0.6600. The pair remains 2.2% up on the day, consolidating above 0.6540 previous resistance level. Greenback’s weakness after US CPI data has boosted the AUD. The Australian Dollar’s rally from session lows at 0.6385 has been capped at a fresh six-week high a few pips shy
The strongest to the weakest of the major currencies The GBP is the strongest and the EUR is the weakest as the NA session begins. The focus today in the market will shift to the CPI data which will be released at 8:30 AM ET. The expectations is for the headline to rise by 0.6%
Prior was +8.2% m/m CPI +0.4% vs +0.6% expected Prior m/m reading was +0.4% Real weekly earnings -0.1% vs -0.1% prior Core inflation: Ex food and energy +6.3% vs +6.5% y/y expected Prior ex food and energy +6.6% Core m/m +0.3% vs +0.5% exp Prior core m/m +0.6% This inflation report sets the stage for
In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio on Thursday reported a loss of $577.9 million for the third quarter, significantly
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New Delhi: Gold prices traded in a narrow range on Thursday as cautious investors stayed on the sidelines ahead of the key US inflation report to gauge the size of the Federal Reserve’s future interest rate hikes. The US consumer price index (CPI) report for October is due later in the day. Economists expect core
The selloff in cryptocurrencies spread to global stocks. Commodity currencies tumbled broadly following risk-off sentiment. Swiss Franc and Euro are currently the biggest winner from market sentiment, while Sterling softened notably against European peers. Dollar and Yen are mixed for now. Focuses will turn to US inflation today, which has the potential to trigger further