Dow closes lower for the 3rd straight day The major indices are closing mixed with the Dow taking the brunt of the selling. The Nasdaq index closed higher ahead of Microsoft’s earnings. Highlights: Dow and S&P closed near session lows Dow post 3 day losing streak NASDAQ close higher for the 3rd time in 4 days Dow close that
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
The governor of the Republic of Buryatia, Russia signed a decree allowing for the construction of a 13.6 acre data center in Southeastern Siberia. The facility will become home to a number of hi-tech activities, including a Bitcoin (BTC) mining operation. The facility will be built by BitRiver and is expected to create up to 100
Pune: China plans to import large quantities of castor seed from India, which can create a scarcity of raw material for the local edible oils industry, a leading trade body said. “During the last few months, China has been aggressively buying Commodities to bolster their State Reserves. We understand they are also targeting to buy
Dollar weakens again today but stay in very tight range as indecisive trading continues. The stronger than expected durable goods orders were are ignored by the markets. White House’s comment that stimulus deal will be there in “coming weeks” is also shrugged off. Swiss Franc is following Dollar is the weaker one. On the other
Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically. Prices beat expectations, rising 5.7% annually in August, up from 4.8% in July, according to the S&P CoreLogic Case-Shiller National Home Price Index. The 10-City Composite posted a 4.7% gain, up from 3.5% in the previous month. The 20-City
Satya Nadella, CEO of Microsoft, is pictured at Microsoft’s annual shareholder meeting in Bellevue, Washington on November 30, 2016. Jason Redmond | AFP | Getty Images Microsoft will announce its fiscal first-quarter earnings after market close on Tuesday. Here are the numbers to watch: Earnings: $1.54 per share, adjusted, as expected by analysts, according to
Unofficially, the Dow Jones Industrial Average lost 221.37 points or 0.8%. The S&P 500 SPX lost 10.23 points, or 0.30%. The Nasdaq put on 72.41 points, or 0.64%. Wall Street was less eventful on Tuesday but managed to see stocks looking healthier, albeit little changed. On Monday, all the three major stock indexes chalked up their
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The greenback trades higher as European traders enter the fray The dollar has erased its earlier slight losses from Asia Pacific trading, and is now trading to a session high against the likes of the euro and pound in particular. EUR/USD is down to a low of 1.1801 and sellers defended the 100-hour moving average
Comments by the Chinese foreign ministry For bank trade ideas, check out eFX Plus Tensions between the US and China aren’t going away, regardless of the election result next week. And while the market has been less sensitive to the latest developments, be rest assured that the narrative will carry on for many more years
NEW DELHI: Gold and silver future prices rose in the opening trade on Tuesday tracking trend in international market amid rising Covid-19 cases in western countries, which has resulted in fresh curbs. US House of Representatives Speaker Nancy Pelosi is hopeful that congressional Democrats and the Trump administration can reach agreement on the coronavirus relief
Movements in the forex markets remain relatively limited and indecisive. There were little reaction to the steep decline in US stocks overnight, which is followed by broad based weakness in Asia. For now, Dollar, Yen and Kiwi are the firmer ones for the week. Canadian Dollar remains the worst performing as dragged down by oil
In August AUD/NZD spent time above 1.10 for the first time since 2018, but the pair has since struggled. Economists at Westpac expect AUD/NZD to extend the fall towards the 1.05 mark in the short-term, however, the pair could rally to 1.12 in 2021. Key quotes “Our base case of a risk-friendly ‘Blue Wave’ US
Levels to eye in the new trading day The dollar rose for the day, but is ending off the highs for the day with the exception of the USDCHF. The pair is rising to a new high as the day comes to an end in that pair. The USD is the strongest of the majors
Covid statistics for France Covid cases rise by 26,771 vs. 52,010 on Sunday 257 new deaths is up from 116 on Sunday The case count started to spike higher last week surpassing the previous high at around 32,000. The dip today is typical for the early week, but above the 19,000 seen a week ago today.