Bengaluru: Goldman Sachs expects an oil supply agreement between Saudi Arabia and the United Arab Emirates to be a bullish catalyst for prices over coming months as the U.S. investment bank maintained its summer Brent price forecast at $80 per barrel. Saudi Arabia and the UAE have reached a compromise over OPEC+ policy, an OPEC+
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Dollar turns notably weaker against Swiss Franc and Yen today but markets are relatively steady elsewhere. Sterling pays little attention to employment data which showed some positive signs. Canadian Dollar also shrugged off yesterday’s BoC tapering. General focus will now turn to US job data, and the movements in stock markets for next moves in
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters Federal Reserve Chairman Jerome Powell is tasked this week with convincing Congress that the ultra-easy policies the central bank has followed during
In this article DAL A Delta Air Lines Boeing 737 approaching LAX for landing. Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines on Wednesday reported second-quarter revenue that topped Wall Street’s estimates and said both leisure and business travel bookings rose sharply after more than a year of pandemic lockdowns. The
EUR/USD adds to Wednesday’s gains and retakes 1.1850. The dollar stays offered following Powell’s remarks. US Initial Claims, Powell’s second testimony next on tap. The upside momentum in the European currency remains well and sound and now pushes EUR/USD back to the mid-1.1800s, or fresh 2-day highs, on Thursday. EUR/USD focused on US docket EUR/USD
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The U.S. Securities and Exchange Commission has settled charges against the defunct initial coin offering (ICO) review website Coinschedule.com for violating the anti-touting provisions of federal securities laws. But two SEC commissioners have penned an open letter in response saying the settlement highlights flaws with the commission’s processes. According to a July 14 release from
A resolution of these talks would (in time) lead to Iran supplying more opil. But, that looks a way off if these latest headlines are accurate. Reuters report, citing an unnamed diplomatic source: Iran won’t resume talks until its new president takes over Iran has conveyed this timing to European particiapants talks unlikely to resume
Gold up $18 I think the reflation trade is about to come back to life as infrastructure comes into focus and Powell emphasizes patience on tapering/raising rates. The bond market also offering a helping hand with 30-year yields giving it all back today, down 5.5 bps to 1.98%. Technically, it’s stalled out right at the
MUMBAI: From June, sellers of gold jewellery are mandated to have a hallmark of the Bureau of Indian Standards in the ornaments made by them to certify purity of the gold. This norm was brought about in January 2020, but the Covid pandemic delayed its implementation. According to brokerage , out of the 4 lakh
Dollar is back under pressure again as risk-on sentiments seem to be back as indicated by US futures. Swiss Franc and Euro are not too far away, as both turn softer, while Yen is following. On the other hand, New Zealand Dollar continues to lead the way after RBNZ’s halt of asset purchase program. Canadian
Federal Reserve Chairman Jerome Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy. In remarks prepared for the House Financial Services Committee, the central bank chief noted improvements but said the labor market in particular is still well below where it was before the
In this article WFC Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations as it continued to release funds it had set aside during the Covid-19 pandemic to safeguard against widespread loan losses. Shares of the bank rose 0.5% in premarket trading following the earnings announcement. Here’s how the
AUD/USD holds upper ground after posting the week’s first daily gains. Fed’s Powell drowned US dollar with rejection to policy adjustments, Aussie data added to bullish impulsive. Sydney extends local lockdown, Victoria feared for one. Aussie jobs report could be bleak in June amid virus-led activity restrictions, China GDP will be the key as well.
Ethereum (ETH) has enjoyed a good run so far in 2021, with its value increasing from about $1,300 at the beginning of the year, to nearly $4,000 in May. However, Ethereum’s price aside, consistent problems on the Ethereum blockchain have brought to light the anger of traders and decentralized application (DApp) developers on the Ethereum
Forex news from the European trading session – 14 July 2021 Headlines: Markets: NZD leads, USD lags on the day European equities lower; S&P 500 futures up 0.1% US 10-year yields down 2.4 bps to 1.391% Gold up 0.5% to $1,816.80 WTI down 0.6% to $74.83 Bitcoin down 0.2% to $32,471 The day kicked off
NZD/USD falls back below 0.7000 Invest in yourself. See our forex education hub. The RBNZ produced a more hawkish tilt earlier in the day, signaling an end to QE and setting the platform to raising rates perhaps at next month’s policy meeting. That sent the kiwi soaring with NZD/USD jumping to as high as 0.7030