USDCAD struggles to capitalize on its modest intraday uptick amid modest USD weakness. Bearish crude oil prices undermine the Loonie and help limit the downside for the major. Traders now look forward to the crucial US CPI report before placing fresh directional bets. The USDCAD pair fades an early European session spike to a fresh
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The US stocks are trading to new lows with the: Dow down -550 points -1.65% S&P -67.0 points or -1.74% NASDAQ -228 points or -2.15% While the stocks moved lower, the dollar is moving higher. There has been the pattern seen the last few days when the dollar moved lower for 3 consecutive days in
This brief from Soc Gen on the euro – outlining support and resistance ahead Interestingly, daily RSI has registered a multi month peak recently pointing towards short-term upside momentum. In case of a break beyond this channel, a revisit of the peak of September near 1.0190 is not ruled out. Graphical levels of 1.0360/1.0450 consisting
In this article RBLX Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Shares of Roblox closed down 21% Wednesday after the company reported a third-quarter loss but beat analyst estimates for bookings
In this week’s newsletter, read about how trademark applications for nonfungible tokens (NFTs) and the metaverse have grown in the United States. Check out how NFT marketplace OpenSea has launched a tool that can enforce NFT royalties on-chain and how the Chinese city of Wuhan backpedaled on its NFT plans while still pursuing the growth
, Gold price in the national capital fell Rs 141 to Rs 51,747 per 10 grams on Wednesday amid rupee appreciation, according to Securities. In the previous trade, the yellow metal had settled at Rs 51,888 per 10 grams. Silver, however, climbed Rs 132 to Rs 62,400 per kilogram. The rupee appreciated 50 paise to
Swiss Franc rises broadly today as yesterday’s risk-on sentiment quickly faded. Dollar is also recovering together with Canadian while Yen is also slightly higher. On the other hand, Sterling is under some pressure, in particular against European majors. Australian and New Zealand Dollar are not far behind. In other markets, Gold lacks follow through buying
The Aussie extends its reversal from 0.6550 to 06420 so far. A more cautious market mood has favored the safe-haven USD. AUDUSD: Support at 0.6210 is key to defend the recent up move – SocGen. The Aussie has gone through a significant pullback on Wednesday, with the pair extending its reversal from 0.6550 high on
EURUSD breaks 100 day MA but can’t get through October high The EURUSD moved above the 100 day MA target at 1.0042 and found more buying. The next target was the high from October 27 at 1.0093. The high price reached 1.00957 just above that level. Buying stalled and the price has since moved lower.
Prior -0.5% Market index 199.9 vs 200.1 prior Purchase index 162.6 vs 160.5 prior Refinance index 373.1 vs 386.7 prior 30-year mortgage rate 7.14% vs 7.06% prior Another week, another drop in mortgage activity as overall housing market conditions continue to take a hit as rates stay elevated amid a more hawkish Fed. As a
Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand. The company ended its relationship with Ye, formerly known as Kanye West,
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Crypto prices have recently become more bullish for many reasons. One reason for the rebound is due to governments all over the world planning additional rounds of extreme quantitative easing. It’s possible that the crypto markets have already bottomed and that the whole industry won’t be affected by the pessimistic macro outlook. Particularly concerning Bitcoin,
NEW DELHI: Gold prices retreated on Wednesday from a one-month peak scaled in the previous session, although prices flitted in a tight range as cautious investors stayed on the sidelines ahead of US inflation data due later this week. Investors’ focus remains on the US consumer price index report due on Thursday. The data is
The main focus is still on tomorrow’s US Consumer Price Index (CPI) report. If Core inflation beats expectations, the US Dollar could edge higher again, economists at Credit Suisse report. Core goods inflation to be close to flat “We are looking for core goods inflation to be close to flat as it was last month
The USD moved lower today and that was felt in the USDCAD , AUDUSD and the NZDUSD. For the USDCAD, it fell with momentum below the 1.3500 floor area. Traders will now be watching that level as a close resistance target on a rebound. The AUDUSD moved up to test the 38.2% of the last
Deutsche say they expect the UK to escape a recession in 2022 “by the smallest of margins”. But, after that their outlook is bleak indeed: Looking further ahead, we remain more downbeat on the economic outlook. Headwinds to the UK economy will almost inevitably push the economy into recession, with global growth slowing, confidence deteriorating,
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter Tuesday and warned strong streaming growth for its Disney+ platform may