What you need to take care of on Friday, September 9: The greenback finished the day mixed across the FX board after a volatile day. The EUR/USD pair is little changed, just below parity after the European Central Bank hiked rates by 75 bps as expected. The ECB upwardly revised the inflation projections to an
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Despite the ongoing crypto winter, global trust in crypto remains unshakable, with countries like the US showing more trust in crypto in the second quarter. In a new survey from Bitstamp exchange which included 28,000 retail and institutional investors from 23 countries, the proportion of retail investors worldwide who believe cryptocurrencies are trustworthy decreased slightly
Crude oil futures closing at the lowest level since January The price of WTI crude oil futures are settling at $81.94. That’s down -$4.94 or -5.69%. The close is the lowest since January 13, 2022 and down 36.85% from its March 8 high. The closing level on December 31 for the continuous contract was and
I think that pretty much says it all. The warnings today are a step up on verbal intervention but they are still merely what it is, just verbal intervention. The threat of any real intervention in the market is still a bit of a reach and unless the yen quickly tumbles to 150.00 on the
New Delhi: Gold prices remained subdued on Thursday as the dollar hovered near its recent peak on aggressive US Fed rate hike bets. Fed officials said on Wednesday that they are still not convinced that the worst of the U.S. inflation scare has passed, in comments that teed up a continuation of the central bank’s
The markets are relatively steady in Asian session today, as focus turns to ECB rate hike. Dollar has been paring some gains overnight as risk aversion receded mildly. Both Euro and Swiss Franc are generally firming up. On the other hand, There is little sign of life for Yen, as it’s staying pressured across the
In this article NIO 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 had a loss of $409.8 million in the second quarter, representing significantly widening losses, despite deliveries that surpassed year-ago
Despite the bearish narrative around some parts of the US market, Apple’s share price has held up reasonably well, significantly above its June lows, and finishing yesterday modestly higher. Expectations around yesterday’s “Far Out” production launch were high with respect to the launch of the new iPhone 14, as well as a new Apple Watch
American music giant Sony Music Entertainment has signaled intentions to utilize non-fungible tokens (NFTs) after filing a trademark application covering music and artists under the Columbia Records logo. According to an Aug. 30 trademark application to the United States Patent and Trademark Office (USPTO) shared by trademark attorney Mike Kondoudis on Sept. 6, the application covers
USDJPY holds the 50% of the day’s trading range The USDJPY continued the trend to the upside today, but after stalling at/near the natural resistance at 145.00 (the high reached 144.984), the price has moved to the downside. In the process, the price moved to test the 50% midpoint of the move up from the
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Oil tumbled to the lowest since January as a dollar surge and global demand concerns weigh on prices despite the threat of disruption to Russian supplies. US benchmark West Texas Intermediate sank below $85 while the global Brent benchmark fell below $90. A dollar gauge reached an all-time high on Wednesday, offering a macro headwind
Canadian Dollar is steady in early US session after BoC delivered 75bps rate hike and maintained hawkish bias. Dollar remains the strongest one for the week, but continues to pick up momentum against Euro. Yen is still the runaway loser, while selloff in Sterling is intensifying. Aussie and Kiwi are clearly weighed down by risk-off
In this article GME SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that
NASDAQ:MULN adds 1.2% on Wednesday amid encouraging US news. Tesla sees its sales rise by 105% in the US for the month of August. Mullen is fast approaching its 52-week low price without many positive catalysts ahead. Update: NASDAQ:MULN posted a modest intraday advance on Wednesday, as Wall Street traded with a better tone. The
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