Share: Japanese Finance Minister Shunichi Suzuki declined once again on Thursday to “comment on whether Japan intervened in FX market.” Additional quotes There are many factors to determine whether moves in FX are “excessive”. No change in how govt would deal with those. Market reaction USD/JPY is trading on the front foot near 148.60, despite
In the earlier video (see above), I spoke of the key swing area in the crude oil at a swing area between $82.35 and $83.32. Since then the price moved up but only to $83.37 – just above the high of the swing area. Since then, the price has rotated back down over the last
Fox with the report that former US President Trump says he’d step in as Speaker of the US House. “I have been asked to speak as a unifier because I have so many friends in Congress,” “If they don’t get the vote, they have asked me if I would consider taking the speakership until they
Oil prices dipped on Thursday as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil output cuts, keeping supply tight. Brent crude oil futures fell 68 cents, or 0.8%, to $85.19 a barrel by 11:07 a.m. ET (1507 GMT). U.S. West Texas Intermediate crude futures were 67 cents, or 0.8%, lower at $83.55.
British Pound emerged as the weakest link, facing headwinds following subpar construction data. Not far behind in performance was the Canadian Dollar, which felt the pressure from the ongoing plunge in oil prices. Dollar, while still in a commanding position, appears to be taking a pause, digesting its recent upticks. Contrastingly, Australian and New Zealand
Columbia South Carolina, Chick-fil-A, fast food restaurant with sign advertising $15 an hour to be hospitable. Jeff Greenberg | Universal Images Group | Getty Images A strong jobs market could equal a weak stock market if current trends hold up. Friday’s nonfarm payrolls report will provide a major test for Wall Street, which has been
In this article LEVI Follow your favorite stocksCREATE FREE ACCOUNT Levi’s 501 blue jeans on display. Sean Gallup | Getty Images Levi Strauss on Thursday cut its full-year sales forecast, as it missed Wall Street’s quarterly revenue expectations and was dragged down by weaker shopping trends at department stores and big-box retailers across the U.S.
The decentralized social network Friend.tech took to social media to announce an updated feature that will allow users to add and remove various login methods used to access their accounts after reports of SIM-swap attacks emerged. On Oct. 4, Friend.tech said the settings had been made accessible via the app, with users needing to tap
Share: In recent weeks, the bond market has seen another hawkish lurch. Economists at ABN Amro look at the drivers of the move so far and make an assessment of whether the rise in yields can be sustained. What is going on in the bond markets? Given the recent economic development in both the US
The miss in the ADP report yesterday gave the market a bit of relief after a series of strong economic data like Jobless Claims, ISM Manufacturing PMI and Job Openings. The ISM services PMI has also printed bang on expectations, and coupled with the other reports, supports the soft-landing narrative. Moreover, the market was also
S&P 500 futures are down roughly 0.4% currently, as stocks are adopting a more cautious approach so far in European trading. There’s not much to work with as headlines have been few and far between during the session. And the bond market is also looking rather tentative for now. 10-year Treasury yields were down to
Oil extended its sharp decline on concerns that a slowdown in global growth will erode consumption. The global Brent benchmark fell below $85 for the first time since late August, while West Texas Intermediate slid below $84 after slumping the most since September last year on Wednesday. Crude’s drop followed a plunge in gasoline after
Japanese Yen is registering broad gains in today’s Asian trading session, buttressed by the 10-year JGB yield which solidly remains above the 0.8% threshold. However, the yen’s advancement is notably limited, still lingering below this week’s high, which many attribute to a suspected, yet unverified, intervention. Japanese The spotlight falls on Japanese Prime Minister Fumio
In this article TLRY Follow your favorite stocksCREATE FREE ACCOUNT Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry. The company reported $177 million in net revenue, up 15% year-over-year, for its fiscal first-quarter. Its cannabis division brought in $70 million in
Share: WTI prices remain on the defensive near $83.50 on Thursday. OPEC and its allies maintained the output policy unchanged through the end of 2023. The higher-for-longer US rate narrative weighs on the WTI prices. Oil traders await the US Nonfarm Payrolls on Friday for fresh impetus. Western Texas Intermediate (WTI), the US crude oil
The AUDUSD tested the low from yesterday at 0.62849. The low came up a pip short of that low and bounced. The high for the day was able to extend above the low from last week at 0.6331 on two separate 4-hour bars. However, momentum could not be sustained above the level and the price
Fitch Ratings downgraded the US back in August. A key determinant at the time was the “deterioration in governance” cited by the agency. Fitch has weighed in on the chaos in the US government that played out most recently just yesterday with the removal of the House Speaker. “Given the fact that the House speaker
Gold prices crept lower on Wednesday for the eighth consecutive session as elevated U.S. Treasury yields amid expectations that the Federal Reserve will keep interest rates higher for longer continued to weigh on investor sentiment. Spot gold was down 0.2% at $1,818.99 per ounce by 10:39 a.m. ET (1439 GMT), while U.S. gold futures eased