Dollar surges broadly in early US session in response to much better than expected durable goods order data. Yet, it’s actually still held well below near term resistance level to confirm bottoming. Gold’s decline is a positive sign for the greenback and we’ll see if there is following buying. Staying in the currency markets, Euro
New orders for key U.S.-made capital goods slowed in July, suggesting the rebound in business investment could become more gradual amid uncertainty about the course of the Covid-19 pandemic, even as the recovery in manufacturing appears to be gaining traction. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans,
An employee of Dick’s Sporting Goods in Destiny USA mall delivers products to a shopper, as customers pick up goods from retailers offering curbside pick up as the coronavirus disease (COVID-19) restrictions ease in Syracuse, New York, U.S., May 15, 2020. Zachary Krahmer | Reuters Dick’s Sporting Goods reported eye-popping quarterly earnings and sales growth Wednesday,
In May, South Korean tech giant Samsung (OTC:SSNLF) filed for a patent titled “Programmable Blockchain Solid State Drive and Switch.” Although details about the recently designed system are scanty, a lot of people in the sector are already pointing out the significance of this technology. It appears like most corporations are also following the trend,
S&P index and NASDAQ go out near highs as well The S&P and NASDAQ index are closing at record highs once again. The broader indexes also traded to new all time high prices today. The Dow industrial average close lower her by Apple and Boeing. The final numbers are showing: S&P index rose 12.37 points or 0.36%
Gold extends its consolidation after moving to $2075/80. Strategists at Credit Suisse remain of the view this is a pause in the core bull trend but that this phase could last a significant while and the yellow metal could yet see a test of support at $1867/37. Key quotes “Gold continues its expected consolidation following
Daily thread to exchange ideas and to share your thoughts The euro and pound are mildly weaker as we get the session underway but nothing that really stands out all too much, with the dollar still looking mixed in anticipation of Fed chair Powell’s speech at the Jackson Hole symposium this week. Major currencies are largely keeping
NEW DELHI: Gold and silver edged higher in Wednesday’s early trade amid fears that the fast rising coronavirus cases could disrupt economic recovery but gains were capped by easing tensions between the United States and China that enhanced trade optimism. Top US and Chinese trade officials reaffirmed their commitment to a Phase 1 trade deal,
We expect US dollar’s downtrend to resume downtrend in coming months after consolidation. Fiscal stalemate suggests that the Fed would shoulder more burdens in delivering stimulus. This should lead yields to decline further, supporting weakness in the greenback. Stalled Hopes on Fiscal Stimulus – advertisement – Failure to strike a deal on a new fiscal
With or without the Federal Reserve’s involvement, Peter Boockvar of the Bleakley Advisory Group sees signs inflation is making a comeback. His call comes two days before Fed Chair Jerome Powell is scheduled to deliver a key policy speech at this week’s virtual Jackson Hole event. During his comments, Powell is expected to tackle how
Marc Benioff, chairman and chief executive officer of Salesforce.com speaks during the grand opening ceremonies for the Salesforce Tower in San Francisco on May 22, 2018. David Paul Morris | Bloomberg | Getty Images Salesforce shares rose as much as 12% in extended trading on Tuesday after the enterprise-software company reported fiscal second-quarter earnings that surpassed analysts’
The price of Bitcoin (BTC) abruptly fell from $11,823 to $11,102 in the last 48 hours. While on a macro level the digital asset remains in an uptrend, there appear to be three key factors behind the pullback. XBT-USD 1 week chart. Source: TradingView.com The presence of a crucial resistance level at $12,000, several whales
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Looks toward the all time intraday high from yesterday at 11462.05 The NASDAQindex has climbed to a new session high, taking out the high price from earlier this morning at 11435.68. The high price just reached 11437.77. The next target comes in against the intraday high price from yesterday at 11462.05. That was also the
USD/JPY shedding some ground as the US dollar pulls off from its highs, testing the 93 figure. All eyes are on the Fed and the Jackson Hole this week. USD/JPY is currently trading at 106.34 between a range of 105.87 and 106.57, slightly up on the day as risk sentiment remains robust, supporting the US
Results of the $50 billion US 2-year note sale $50 billion is a record size for a two year auction 2.78 bid-to-cover vs 2.34 prior Directs 13.7% vs 14.8% prior Indirects 57.6% vs 45.8% prior The bid was a tad stronger than expected. It’s insane how eager the market is to lend the US Treasury