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Trades to the highest level since October 1 The USDCAD moved to a new week high today but has backed off. The high price reached the highest level since October 1 in the process at 1.26613. For the week, the USDCAD traded higher and made new highs each day since Tuesday’s low (although Thursday, the
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
TOKYO: U.S. was under pressure on Thursday, adding to an overnight plunge on a Reuters report that the United States was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves to lower prices. The bid by the U.S. administration to shock markets comes as inflationary pressures, partly driven
XAG/USD finishes the week on the wrong foot, despite falling US bond yields. XAG/USD plummeted in the day as risk-off market mood boosts the greenback. Fed’s Waller and Clarida would like a faster bond taper. XAG/USD Technical outlook: An inverted head and shoulders target the $28.20-30 range. As Wall Street closes, silver (XAG/USD) finished the
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Fed speak is starting to weigh a bit The S&P has turned back negative on the day after moving within one point of its all-time record at the day’s high. The high price reached 4717.75. The all-time high is at 4718.50. The current price is trading at 4698.14, down -6.29 points or -0.13%. For the NASDAQ
Over the past week the US administration has been in discussions with other countries over releasing oil from reserves: The US has approached China, Japan, India, South Korea Japan PM Kishida over the weekend: We’re proceeding with consideration as to what we can do legally on the premise that Japan will coordinate with the United States
New Delhi: Gold in the national capital on Thursday gained marginally by Rs 21 to Rs 48,196 per 10 grams amid rally in international precious metal prices, according to HDFC Securities. In the previous trade, it had settled at Rs 48,175 per 10 grams. Silver, however, dipped Rs 121 to Rs 65,147 per kilogram from
In this article TGT People walk in front of Target store on March 02, 2021 in New York. Emaz | Corbis News | Getty Images Target said Wednesday fiscal third-quarter sales jumped 13% as shoppers bought Halloween costumes, stocked up on back-to-school supplies and kicked off the search for holiday gifts early. The big-box retailer
GBP/USD Weekly Forecast: Can growth prospects beat bears’ technical stranglehold? US data eyed Three top-tier UK releases, three higher than estimated results. Alongside an improved market mood that somewhat weighed on the dollar, GBP/USD has been able to find a bottom. The focus is firmly on US data, but also Brexit and covid headlines are
New York-based crypto-mining service provider Foundry USA takes the lead to become the world’s second-largest Bitcoin (BTC) mining pool after taking up a 15.42% share of the network. Data from BTC.com shows that Digital Currency Group-owned Foundry USA stands behind the pool leader AntPool by a hash rate of just 4,000 PH/s, which contributed to
Euro tumbled broadly and deeply last week, and ended as the run away worst performer. It’s firstly weighed down by dovish comments from ECB officials, who talked down the need for policy action to counter inflation. More importantly worries grew after Austria returned to full lockdown. Daily new COVID-19 infections in Austria jump to 15k
Dow and S&P close lower The US major stock indices are closing with mixed results. Some highlights for the major indices: The NASDAQ index closed at a record level. The index rose 63.74 points or 0.4% to 16,057.45. The index reached an intraday new all time high at 16,121.12. The low extended to 16017.23. The NASDAQ index closed above 16,000 for the first time
Forex new for North American traders on November 19, 2021 Intro Paragraph Text Here. Yesterday, Feds Williams, Evans and Bostic tilted more to the hawkish side of the ledger. Evans a dove, said that He could see tightenings starting in 2022. Fed’s Bostic said: He expects mid-2022 normalisation of policy. Williams said that: We are
TOKYO: prices steadied on Friday as investors paused for breath following a day of wild swings prompted by the prospect of coordinated action by the world’s major economies to release official crude reserves from stocks. Brent crude was up 28 cents or 0.3% at $81.52 a barrel by 0145 GMT, after falling to a six-week