A for sale sign is seen near a house for sale in South Pasadena, California. Frederic J. Brown | AFP | Getty Images The epic housing shortage that began before the pandemic and then was exacerbated by it may finally be starting to ease up. More supply is suddenly coming on the market, which will
A person walks outside Duane Reade by Walgreens in Hell’s Kitchen on May 26, 2021 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance said on Thursday that sales rebounded at its stores in its fiscal third-quarter and got a lift from Covid-19 shots, prompting the company to raise its outlook for
EUR/JPY failed to capitalize on the previous day’s gains and remained muted on Friday. The Euro remained grounded on upbeat economic data and ECB optimistic view on the economy. Yen flattered against majors on weaker economic recovery and spread of the highly contagious Delta variant. EUR/JPY remains muted on Friday in the European trading hours.
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Westpac outline the factors driving the Australian and New Zealand dollars: Near-term risks remain negative, with RBA vs RBNZ trajectory, and trade and political tensions between Australia and China, weighing on the cross and dominating Australian commodity outperformance. There’s potential for a decline towards 1.06 during the month ahead. By year end, though, we expect
The GBPUSD trades to a new session low The GBPUSD moved to a new low going back to mid -April earlier today after taking out the June low at 1.3786. The low price extended to 1.37643, but bounced higher in the London/early New York session. The run back to the upside extended above the swing low from Tuesday’s trade at 1.38132.
NEW YORK: Oil prices rose about 2% on Thursday on indications that OPEC+ producers could increase output more slowly than expected in coming months, while rising global fuel demand would continue to tighten supply. Brent crude was up $1.23, or 1.7%, to $75.85 a barrel by 12:38 p.m. EDT (1638 GMT). U.S. West Texas Intermediate
Dollar surges sharply against Yen today and maintains gain after better than expected job data. Though, the greenback is retreating mildly against other major currencies, as traders are probably lightening up their positions first ahead of tomorrow’s non-farm payrolls. Comments from ECB and BoE officials gave Euro and Sterling some support. But they’re not enough
U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. Justin Tallis | Reuters WASHINGTON – Treasury Secretary Janet Yellen announced Thursday that a group of 130 nations has agreed to a global minimum tax on corporations. If widely
In this article GM Brand new Chevrolet cars are displayed on the sales lot at Stewart Chevrolet on May 14, 2021 in Colma, California. Justin Sullivan | Getty Images DETROIT – General Motors’ U.S. vehicle sales during the second quarter were slightly lower than analyst expectations as an ongoing shortage of semiconductor chips impacted vehicle
USD/CAD reversed its direction after pushing lower earlier in the day. US Dollar Index extends rally beyond 92.50 on Thursday. WTI pulls away from multi-year highs, remains on track to post strong daily gains. After dropping to a daily low of 1.2381 during the European trading hours, the USD/CAD pair staged a decisive rebound in
The soccer world continues to seek out new revenue models amid the coronavirus pandemic, which saw the suspension of league matches in some countries, and new partnerships form to find sustainable answers in the digital space. Representing soccer clubs playing in the Süper Lig, Turkey’s primary soccer league, the Turkish Union of Clubs has partnered
Latest data released by Eurostat – 1 July 2021 Prior 8.0%; revised to 8.1% A slight drop in the jobless rate for May, which reaffirms a more steady trend in employment conditions in the euro area over the last few months. That said, there are still some caveats to the figure above, which Eurostat also
USD/JPY is a key chart to pay attention to before the end of the week Invest in yourself. See our forex education hub. Dollar strength this week has been a key theme and while the yen largely held its own in the early stages, it wasn’t to be yesterday as USD/JPY buyers overwhelmed sellers to
NEW DELHI: Gold prices edged lower on Thursday in global markets as the dollar hovered near a three-month peak, with investors looking ahead to a key US jobs report due later this week. However, the yellow metal gained in domestic markets as the government slashed the base import price of the precious metal. US private
Dollar’s rally continues to make progress, one step at a time. Solid job report overnight helped lift the greenback through near term resistance against Euro and Yen. Nevertheless, reaction in stocks were subdued. Focus will now turn to ISM manufacturing today for more inspirations. Meanwhile, commodity currencies and Swiss Franc are currently the weakest for