EURGBP races to topside resistance The BOE raised rates by 25 basis points with dissenters in the 5-4 vote leaning to 50 bp rise. That initially sent the EURGBP to the downside. However, after Lagarde started to switch course for the ECB, it was “fast break the other way” for the EURGBP with the price
admin
SINGAPORE: Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply concerns and as frigid weather cascades across the United States, threatening to further disrupt fragile oil supplies. Brent crude was up 16 cents, or 0.2%, to $91.27 a barrel by 0102 GMT, after rising $1.16 on Thursday. U.S.
In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report its fourth-quarter earnings after the bell on Thursday. Here’s what Wall Street expects: Earnings per share: $3.57, according to
More than three months after its release, the ad from crypto exchange Crypto.com featuring Hollywood star Matt Damon was the subject of ridicule in the latest episode of the animated series South Park. In the first episode of its 25th season titled “Pajama Day”, the creators of South Park took on people in the United
What you need to know on Friday, February 4: European currencies soared after central banks’ decisions, putting pressure on the greenback across the FX board. The Bank of England hiked its policy rate by 25 basis points to 0.5% as expected, as all voting members aligned to hike, although 4 out of the 9 participants
US factory orders for December -0.4% US factory orders for December 2021: Nondefense capital expenditures ex air for December 0.3%Prior month +1.6% revised to 1.8% Factory orders come in as expected at -0.4%. The prior month was at 1.8%. Durable goods revision -0.7% versus -0.9% previously reported. Durable goods increased 3.2% in November Durable goods
It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no clear follow through buying as BoE indicated there will only be “some further modest tightening”
EURUSD moves higher The press conference with Lagarde is underway and the market reaction is to the upside. The pair is currently trading above the high from yesterday at 1.13295. The high price just reached 1.1360. That high tested the high price going back to January 21. The January 20 high at 1.13684 would be
New Delhi: Gold price in the national capital on Thursday gained Rs 37 to Rs 47,902 per 10 grams supported by rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,865 per 10 grams. However, silver tumbled Rs 536 to Rs 61,102 per kg from Rs 61,638 per
A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Job openings totaled nearly 11 million in December while the Great Resignation cooled off, according to Labor Department data Tuesday. Reflecting a tightening labor market, vacancies rose to
Shell petrol station logo on Sept. 29, 2021 in Birmingham, United Kingdom. Mike Kemp | In Pictures | Getty Images Oil giant Shell on Thursday reported a sharp upswing in full-year profit on rebounding commodity prices. The British oil major posted adjusted earnings of $19.29 billion for the full-year 2021. That compared with a profit
The impetus towards pricing in a more abrupt Fed tightening cycle has run its course for now, with 4 ½ to 5 hikes priced in for 2022. The US Dollar Index (DXY) is in a retracement phase for now, but the medium-term bull trend remains intact, economists at Westpac report. Yield support for DXY to
Download the #OctaFX Trading App at https://bit.ly/OctaFX_OpenDouble and get 5,000 USD on your demo account! Enter promo code- OPENDOUBLE and double your first deposit! 🎁 Start earning extra money with the official trading partner of the Delhi Capitals – OctaFX🏆 Join Free Premium Telegram #forex #trading #signals https://t.me/open4profit ►2 Min. Forex Scalping Strategy ►HOW TO
The data is here: Australia trade balance for December 2021, exports and imports both up m/m Remarks from ANZ’s analysis: confirmation the Australian economy is in a boom … Intermediate imports zooming as they were in the pre-GFC period. The policy stimulus unwind is coming soon. A further strong rise in intermediate goods imports saw
Overall market sentiment turned more positive after Fed officials jumped out to talk down the prospect of a 50bps hike in March. Australia Dollar is trading broadly higher, following risk-on sentiment, and shrugs off cautious comments from RBA Governor. Euro is following as the second strongest for now but has lost much momentum in crosses
The price of WTI crude oil futures are settling at $88.26. That’s up six cents or 0.07% on the day. The high price reached another new seven year cycle high of $89.72. The low price extended to $87.10. Looking at the hourly chart, the price had been trading between $86.20 and $88.84 since June 26.
SINGAPORE: Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 37 cents, or 0.4%, to $89.10 a barrel by 0127 GMT, after rising 31 cents on Wednesday. U.S. West Texas Intermediate crude
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance.