Dollar rises broadly today, in the first trading day of August. The greenback is bolstered by mild risk aversion and rallying US yields. Meanwhile, traders are also probably starting to position ahead of the heavy weight data this week. However, the greenback is stuck below last week’s high against Euro so far. Firm break there
Job vacancies and layoffs edged lower in June, according to a Labor Department report Tuesday that points to a stable labor market. Employment openings totaled 9.58 million for the month, edging lower from the downwardly revised 9.62 million in May, the department said in its monthly Job Openings and Labor Turnover Survey. That was the
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT Uber CEO Dara Khosrowshahi addresses the audience during the keynote at the start an Uber products launch in San Francisco, California on September 26, 2019. Philip Pacheco | Afp | Getty Images Shares of Uber rose 4% in premarket trading Tuesday after the company reported second-quarter results
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The Securities and Exchange Commission of Nigeria (SEC) issued a warning for local investors against using one of the world’s largest crypto exchanges, Binance. It refers to the previous circular, issued against the fraudulent company, which had been illegally using Binance brand. On July 28, the SEC issued a warning against investing with Binance. The
Share: Economists at Commerzbank analyze Greenback’s outlook after the US GDP data for Q2 provided some strong support for the USD last week. Further tightening would reduce the possibility of a soft landing for the US economy Strong economic data constitute a double-edged sword for the Dollar. On the one hand, the prospect of a
India‘s gold demand in 2023 could fall 10% from a year ago to their lowest in three years, as record high prices are dampening retail purchases, the World Gold Council (WGC) said on Tuesday. The lower purchases in the world’s second-biggest gold consumer could limit a rally in global prices. Falling demand for gold imports
The NZDUSD is closing today higher. The currency pair is up 0.70%. The move to the upside saw the pair extend above 3 separate moving averages 100-hour moving average at 0.6198 200-hour moving average of 0.62089 200-day moving average of 0.62215. The high price reached 0.62246. That was still short of a downward-sloping trendline and
Prior +0.1% The annual reading falls further to -3.8%, which is the weakest since July 2009. This comes after another 0.2% drop on the month, which is now seeing the average price of dwellings in the UK fall to £260,828. Nationwide notes that: “While activity is likely to remain subdued in the near term, healthy
Australian Dollar is trading broadly lower after RBA opted to keep interest rates on hold. However, the currency’s losses remain contained was not too much out of expectations. RBA’s continued bias towards tightening, albeit arguably less emphatic than before, is currently helping to limit Aussie’s downside, keeping it within Monday’s trading range, waiting for a
Share: GBP/USD is offered on Monday, extending losses from Friday while the dollar index is finishing July down after a similar loss in June. However, the Greenback is rebounded from July lows that printed following below-forecast US core PCE that favoured the Fed being done with rate hikes. The following illustrates the prospects of a low close for the day
Gold prices fell by Rs 100 to Rs 60,350 per 10 grams in the national capital on Monday amid a decline in the precious metal in global markets, according to HDFC Securities. The precious metal had closed at Rs 60,450 per 10 grams in the previous trade. Silver also dropped by Rs 300 to Rs
EURUSD expands the range today, but still above support The EURUSD started the US session with a low at 1.1004 and just above the 61.8% retracement at 1.1002. The high was at 1.1037 which was just short of the 100-hour MA. That was a narrow range of only about 33 pips In the NY morning
On the final day of each month the US Energy Information Administration releases monthly demand figures and they continue to stress that the weekly data can’t be trusted. Today’s report pegs US total demand at 20.776m bpd in May using monthly data, that’s up 973,000 bpd from the 19.803m bpd using the weekly data. More
Commodity currencies are trading generally higher today on mildly positive market sentiment. Australian Dollar is the stronger one among them, ahead of RBA’s rate decision tomorrow. Opinions on whether RBA would hike by 25bps next month (i.e. August 1 tomorrow) are divided . Major local banks exhibit this split sentiment, with Commonwealth Bank and Westpac
Cityscape of Saudi capital Riyadh. Harri Jarvelainen Photography | Moment | Getty Images Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in one of the fastest growing nations of the G20. Riyadh’s GDP expanded by an annual 1.1% in the second quarter, the Saudi