Major pairs and crosses are stuck inside yesterday’s range so far, as consolidative trading continues. Euro appears to be lifted slightly by ECB’s press conference but there is no follow through buying. Dollar also looks just a touch weaker after worse than expected Q3 GDP data. Overall, commodity currencies are the softer ones, with eyes
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NASDAQ first record close since September 7 The major indices are closing higher with the NASDAQ leading the way to the upside ahead of Apple and Amazon’s earnings after the close. The major indices are closing near their highs in contrast to the the close yesterday that saw the indices closing at the lows. NASDAQ up for
Apple and Amazon buck the strong trend This was mentioned by Eamonn overnight here, and that is seeing Nasdaq futures down 0.6% on the day currently. S&P 500 futures are down 0.3% while Dow futures are down slightly by 0.1% as risk sentiment keeps more tepid and subdued for now. Adding to that is ongoing
(This story originally appeared in on Oct 29, 2021) CHENNAI: Demand for gold may have dropped 7% globally during the July-September quarter, but there was no dent in purchases of the yellow metal in India, rising 47% to over 139 tonnes by volume. The growth was driven by falling Covid infection rates, which pushed people
The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported Thursday. Gross domestic product, a sum of all the goods and services produced, grew at a 2.0% annualized
In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report third-quarter earnings after the market close on Thursday. Here’s what analysts are expecting: Earnings: $8.92 per share, according to analysts
“OPEC+ now sees some more room for its crude in the market,” Energy Intelligence reports, citing an initial draft of a report prepared ahead of the alliance’s November 4 meeting. At its last meeting, OPEC+ decided to maintain the planned 400K barrel per day (bpd) increase in oil output. Meanwhile, it was reported earlier on
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U.S.-based cryptocurrency brokerage firm Voyager Digital announced a $75 million investment from cryptocurrency quantitative trading firm and liquidity provider Alameda Research on Thursday. Founded in 2018, Voyager Digital offers more than 60 digital currencies for trade on its mobile app, which also includes services such as yield farming. According to the company’s website, Alameda Research
ECB’s meeting came in largely as we had anticipated. Policymakers acknowledged the stronger-than-expected inflation but downplayed the need to push forward rate hike. All monetary policy measures remained intact with the main refi rate, the marginal lending rate and the deposit rate staying at 0%, 0.25% and -0.5% respectively. The PEPP continued to work as
German Dax near unchanged The major European indices are closing near unchanged/higher on the day. The provisional closes are showing: German DAX, -0.1% France’s CAC, +0.6% UK’s FTSE 100, -0.2% Spain’s Ibex, +0.5% Italy’s FTSE MIB +0.3% In other markets as European traders look to exit: Spot gold is up six dollars or 0.34% $1802.35.
Pres. Biden: We have reached a historic economic framework Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Pres. Biden speaking at the White House. We have reached a historic economic framework Framework is fiscally responsible, will reduce deficit Framework includes historic investments in nation, people No one got everything
New Delhi: Gold in the national capital on Thursday rose by Rs 112 to Rs 47,050 per 10 gram in-line with a recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,938 per 10 gram. In contrast, silver slipped Rs 203 to Rs
A pending sale sign in front of a home in Miami. Getty Images Pending home sales, which are a measure of signed contracts to buy existing homes, fell an unexpected 2.3% in September compared with August, according to the National Association of Realtors. Analysts were predicting a slight monthly gain. Sales were 8% lower compared
In this article YUM Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong demand for KFC’s fried
As expected, the European Central Bank (ECB) left its key policy measures on hold. President Lagarde noted that the impact of COVID-19 was fading and that the Governing Council spent most of its meeting discussing inflation. In the view of economists at TD Securities, EUR/USD is to test resistance near 1.1680 off the back of
Consolidative trading continues in the forex markets in general. Canadian Dollar spiked higher after more hawkish than expected BoC overnight, but there was no follow through buying. BoJ’s decision to stand pat triggered little reactions. Expectation of an earlier RBA rate hike intensified after the central bank let target yield surges sharp today. Yet, Aussie
Russell 2000 tumbles -1.90% The major US indices are closing mostly lower. The exception is the Nasdaq which closed higher by 0.12 points or 0.00% (call it higher but just barely). The final numbers are showing: Dow fell -266.19 points or -0.74% at 35490.70 S&P fell -23.13 points or -0.51% at 4551.67 Nasdaq rose 0.12