Forex news for North American trading on February 12, 2021 The US 30 year bond is closing the day – and week – above 2% for the first time in a year (since February 20, 2020). The yield is up on fears about potentially future inflation from higher growth. The Fed members – including Fed Chair Powell –
In a post today on their governance and research forums, the team behind decentralized finance(DeFi) AMM aggregator 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.” “As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs intends to experiment
NEW YORK: Oil prices edged higher on Friday, buoyed by hopes for a US stimulus bill, but a weaker demand outlook from OPEC and the International Energy Agency capped gains. Brent crude was up 38 cents, or 0.6%, at $61.52 a barrel by 11:06 a.m. ET (1606 GMT) having dropped to a session low of
Sterling appears to be one of the stronger after data showed larger than expected GDP growth in December and Q4. But for now. Mean while Dollar and Euro are following as the next better performer. The greenback attempted for a recovery earlier today. But apparently, there is now follow through buying so far. Commodity currencies
Philadelphia Federal Reserve President Patrick Harker said Thursday that the central bank won’t have to worry about inflation getting in its way anytime soon. In a CNBC interview, Harker faced a question posed repeatedly to Fed officials in recent days over whether its easy monetary policy could stoke price pressures and interfere with what he
An employee cleans the grounds behind the closed gates of Disneyland Park on the first day of the closure of Disneyland and Disney California Adventure theme parks, in Anaheim, California, on March 14, 2020. DAVID MCNEW | AFP | Getty Images Disney took another financial hit during its fiscal first-quarter, as restrictions on attendance at its
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USD/TRY regains some traction following YTD lows. Turkey’s Industrial Production expanded 9.0% YoY. End-of-Year Inflation came in at 11.23% (from 11.15%). The Turkish lira is giving away part of the earlier gains and now lifts USD/TRY to the 7.03 region. USD/TRY gradually approaches 7.0000 After bottoming out in the vicinity of the key 7.0000 level
EUR/USD falls to 1.2105 and nears a test of its 100-hour moving average The greenback is higher across the board in European morning trade and is starting to run against some key levels on the charts today. Of note, EUR/USD is now down to near 1.2100 as price closes in on a test of the
It only took them about a year since the pandemic to get this settled The €672.5 billion recovery fund got the go-ahead from parliament yesterday and has been signed today. As much as von der Leyen says that they are going to move “swiftly” with this, waiting another few months before the initial funds are disbursed
NEW DELHI: Gold and silver futures prices traded mixes on Friday with yellow metal trading flat with a negative bias led by rising US dollar and treasury yield while the white metal registered gains. Meanwhile, US President Joe Biden plans to ask Congress this month to invest heavily in infrastructure after his $1.9 trillion Covid-19
Dollar’s selloff slowed further in a very quiet Asian session, on lunar new year holiday. Activity might come back with a number of economic data featured from the UK. Upside surprises there could add to the upbeat outlook as painted by BoE chief economist. As for the week, the greenback remains the worst performer for
The federal budget deficit is projected to total $2.3 trillion in the 2021 fiscal year, a drop from last year but well ahead of anything the U.S. had seen prior to the Covid-19 pandemic, the Congressional Budget Office reported Thursday. That total does not include the $1.9 trillion in relief spending that President Joe Biden
Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour on Wednesday reported a surprise profit for the holiday quarter, with sales boosted by strong digital growth and expenses kept in check. The retailer has been one key beneficiary during the Covid pandemic, along
Gold bulls are making hard work of a tough resistance area. The focus is on the downside to weekly support on a hold below resistance. Further to the prior analysis, Gold Price Analysis: USD bears sink their teeth, gold breaks resistance, the break was only partial and the price has subsequently been knocked back below the
Dow industrial average and near unchanged. S&P has a modest gain the major stock indices are ending the session with mixed results: S&P index rose 6.48 points or 0.17% to 3716.35. The high reached 3925.99. The low extended to 3890.39 Nasdaq moved higher into the close and closed up 53.239 points or 0.3% at 14025.77. The high reached 14058.91. The low extended to 13916.84
Forex news for North American trading on February 11, 2021 In other market today: spot gold is trading down $-16.61 or -0.90% at $1826.26 spot silver is down $0.03 or -0.11% at $26.99 WTI crude oil futures are trading down $0.69 or -1.18% of $57.99 Bitcoin moved to a new record today at $48,690. The low