U.S. homebuilding picked up for a third straight month in July in the latest sign the housing sector is emerging as one of the few areas of strength in an economy suffering a record slowdown because of the Covid-19 pandemic. Housing starts increased by 22.6% — far more than expected — to a seasonally adjusted annual rate
People wear protective face masks outside Home Depot in the Flatiron district as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 8, 2020 in New York City. Noam Galai | Getty Images Home Depot is expected to report its fiscal second-quarter earnings before the bell
The total USD value locked in decentralized finance (DeFi) protocols recently surpassed the $6 billion mark according to onchain data resource, DeFi Pulse. Currently, the figure rests at $6.32 billion, after rising nearly six-fold since it reached the $1 billion mark less than three months ago. The exponential growth seen this year can largely be
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200 hour MA and trend line stalled the fall. Keeps the buyers in control. The price of silver has had an up and down day today but is currently trading up $0.60 or 2.2% at $28.09. The high for the day reached $28.47, while the low extended to $27.11. Technically, the low in the Asian session
Analysts at MUFG Bank, changed their short-term bias from bullish to bearish in EUR/USD. They see the pair moving in the 1.1500-1.2100 range. However, on the medium term, they expect the dollar to weaken further. Key Quotes: “We believe the risk-reward balance has shifted notably and we have therefore shifted our short-term bias from bullish
Gold rebounds after quick slump Gold buyers are showing they have some mettle. The rout last week and the mini-rout today were trying times for gold bulls but they’re passing the test. After hitting $2015 today, gold dropped to $1976 in a quick move as many markets reversed following the S&P 500’s record high. But
NEW DELHI: Gold prices jumped Rs 1,182 to Rs 54,856 per 10 gram on Tuesday in the national capital following rally in international prices of the yellow metal, according to HDFC Securities. In the previous trade, gold had closed at Rs 53,674 per 10 gram. Silver was also in heavy demand as it zoomed Rs
Dollar’s selloff accelerates entering into US session, taking out recent lows against all major currencies except Yen. Another leg in the near term down trend has started. Swiss Franc and Yen are the next weakest, together with New Zealand dollar. On the other hand, Sterling and Euro are both riding on the wave and strengthen
Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Walmart‘s fiscal second-quarter sales got a boost from this spring’s stimulus checks, but that tapered off in July as shoppers spent that money. Now, the retail giant is waiting to see if the government
Customers wearing face masks shop at a Walmart on July 15, 2020 in Washington, D.C. Sha Hanting | China News Service via Getty Images Walmart is set to report its fiscal second quarter earnings before the bell Tuesday as the coronavirus pandemic shakes up consumer shopping patterns. Here’s what Wall Street is expecting, based on average
Author Cal Evans bills The Little Book of Crypto as “A No BS Introduction To Crypto.” Evans also claims to be “regarded as one of the best crypto lawyers” working for “the largest independent crypto-only law firm on the planet.” This will become relevant later. The book claims to provide the reader with unique “in-industry”
Gold trades back above key near-term levels For bank trade ideas, check out eFX Plus Gold was a notable mover in US trading yesterday, with the dollar weakness also helping out the precious metal as it advanced towards the 200-hour MA (blue line). That helped to stall overnight gains but buyers are finding more momentum
In its latest report, the Nomura analysts noted that India’s economic activity rose to a post-lockdown high in the week ended Aug. 16. Key quotes “After a prolonged period of flattening mobility trends since mid-June, Google workplace and retail & recreation mobility data have resumed their uptrend in August, even though they remain materially below
Last week another part of Australia, the Northern Territory, said its borders would be closed for at least 18 months The state Premier, Peter Gutwein, said restrictions would stay in place until at least December “to allow sufficient time for the COVID-19 situation in Victoria and the threat posed to other states to be clearly
TOKYO: Oil prices edged lower on Tuesday, mostly holding onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic. Brent crude was down 6 cents, or 0.1%, at $45.31 a barrel by 0027 GMT,