NZD/USD moves cautiously on Monday with positive bias. The US Dollar Index slips from the 93.00 mark and trades lower. The US Treasury yields remain below the 1.300 level, undermining the demand for the greenback. NZD/USD kickstarts the fresh trading week on a higher note in the Asian session. The pair seems to struggle to
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The quest to understand the opportunities and challenges of a central bank digital currency, or CBDC, is underway in 81 countries, with five nations fully implementing a digital version of their currency, according to a new tracker from the Atlantic Council. The Caribbean region is home to all five CBDCs that are currently in use,
… Tesla, Boeing, Starbucks, Ford, McDonald’s, PayPal, MasterCard, etc Next week is a huge week for earnings and the major indices are near or making new highs into the week. Anyone and everyone (besides financials and Netflix) are on the schedule for release. Tuesday and Wednesday will be the biggest days, but Amazon will be released on Thursday
Ups and downs continue in the pair. Well, I could continue to use the same title in the afternoon update for the pair. In the North American session, the price moved higher but continue to stall ahead of its 100 hour moving average at 1.17821 currently (blue line in the chart above). The move back to the downside reached just
New Delhi: Gold imports, which have a bearing on the country’s current account deficit, jumped multi-fold to $7.9 billion (Rs 58,572.99 crore) during the April-June 2021 quarter due to low base effect in the wake of the COVID-19 pandemic, according to data from the Commerce Ministry. Imports of the yellow metal had plunged to $688
U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to examine the FY22 budget request for the Treasury Department on Capitol Hill in Washington, DC, June 23, 2021. Greg Nash | Pool | Reuters Treasury Secretary Janet Yellen on Friday warned Congress that her department will need to embark on “extraordinary
In this article BIIB Aduhelm by Biogen Source: Biogen Biogen‘s Alzheimer’s drug, Adhulem, generated $2 million in revenue in the first few weeks of its approval, the company said Thursday in releasing its second-quarter earnings along with an open letter about the controversial drug. Biogen upped its revenue guidance for the year, saying it now
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The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another leg down or is finally ready to break out toward new highs. Bitcoin’s price history and data from previous corrections suggest that the current struggles for the top cryptocurrency could persist
Yen drops broadly today as markets turn back into risk-on mode. It has indeed become the worst performing one for the week. Dollar is also staying to look a bit vulnerable against European majors and commodity currencies. Canadian Dollar is firm and shrug off retail sales data, which shows contraction. Question is now on whether
Weekend covid news The market brushed aside a momentary covid panic last week but the episode put the pandemic back on the radar. The New York Times reports today that Biden officials now expect vulnerable people to need booster shots due to waning efficacy over time. So far they believe it will be limited to
The pair finishes higher on the week I love a dragon fly doji like the one on the AUD/JPY chart this week. It’s a classic sign of uncertainty and a potentially violent reversal. The week started with lockdowns in Australia and broad risk aversion but it’s ending with the S&P 500 at all time highs.
Gold fell and was heading for a weekly dip on Friday as a stronger dollar, firmer yields and equity markets chipped away at its appeal. Spot gold fell 0.3% to $1,800.72 per ounce by 1:43 pm EDT (1743 GMT). U.S. gold futures settled 0.2% lower at $1,801.80. Bullion has shed 0.7% this week after briefly
A National Park Service worker replaces a flag at the Washington Monument which reopened today following a six month closure due to COVID-19 safety measures, in Washington U.S., July 14, 2021. Kevin Lemarque | Reuter The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady
In this article AAL LUV An American Airlines Boeing 777-300ER plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. Loren Elliott | Reuters American Airlines on Thursday posted a profit for the second quarter, getting a lift from federal aid and a surge in travel demand. The Fort Worth-based carrier reported net
Net dollar value is long for the first time since the pandemic began The chart isn’t yet updated but the net dollar value of USD longs is now +$399.69m. That’s the first net-long USD position on aggregate since the pandemic began. Primarily USD/JPY longs with some AUD/USD longs account for the overall net positioning. Invest