The dream start to the year or European stocks is continuing as it shakes off the recent turmoil in US markets. Stoxx 600 +0.6% German DAX +0.8% Francis CAC +1.0% UK’s FTSE 100 +0.4% Spain’s Ibex +0.3% Italy’s FTSE MIB +1.2% European stocks sagged late yesterday as the US mood turned but that negativity didn’t
In this article USDT.CM= Follow your favorite stocksCREATE FREE ACCOUNT Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images Tether on Thursday published its latest quarterly financials, with the world’s top stablecoin issuer stating publicly for the first time that it generated a profit. Tether, which
Gold price rose Rs 35 to Rs 57,410 per 10 grams in the national capital on Thursday, according to Securities. The precious metal had ended at Rs 57,375 per 10 grams in the previous trade. Silver, however, fell Rs 5 to Rs 67,941 per kilogram. “Spot gold prices in the Delhi markets traded at Rs
Price actions in Asian session remain indecisive. Euro is staying as the worst performer today, weighed down by cross selling against Swiss Franc and, to a lesser extent, Sterling. Aussie and Kiwi are the stronger ones but overwhelmed by the Franc. Dollar and Yen are mixed for now awaiting further guidance from risk sentiment. US
Share: AUD/USD catches fresh bids on Thursday and rallies back closer to the weekly high. The uncertainty over the Fed’s rate-hike path weighs on the USD and offers support. The risk-on mood further undermines the buck and benefits the risk-sensitive Aussie. The AUD/USD pair regains positive traction on Thursday and maintains its strong bid tone
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USDCAD tests swing area ahead of the 50% midpoint The USDCAD is trading to a new high, and in the process peeked above a swing area between 1.3434 and 1.3445. The swing area goes back to early January. The price of the pair has been above and below the area since then (see red numbered
EUR, AUD, GBP, CAD and NZD all traded a little stronger against the USD during the session. News flow was very light, as was data. On Wednesday New Zealand announced a boost to the minimum wage which should help household consumption but also increases the prospect of further Reserve Bank of New Zealand rate hikes
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT LOS ANGELES – Smaller subscriber losses and a beat on the top and bottom lines were the highlights of Disney‘s fiscal first-quarter earnings report. While the company’s linear TV and direct-to-consumer units struggled during the period, its theme parks saw significant growth year-over-year. Shares of
Share: Gold price fade the weekly rebound within a bearish chart pattern. Federal Reserve officials, United States Treasury Secretary highlight inflation concerns to defend higher rates and weigh on XAU/USD. Easing fears of US-China tension over the balloon shooting, light calendar probes XAU/USD traders. Gold price (XAU/USD) struggles to extend week-start recovery moves as it
Deutsche Bank’s asset management arm is reportedly in discussions to invest in two German crypto companies. According to a Feb. 8 Bloomberg report, DWS Group CEO Stefan Hoops is currently in talks to buy a minority stake in Deutsche Digital Assets, a crypto exchange-traded products provider. It’s also in talks with Tradias, a market maker firm
Gold prices edged lower in a choppy session on Wednesday due to a slight uptick in the dollar, while investors looked forward to more economic data to gauge the U.S. Federal Reserve’s rate-hike strategy. Spot gold was down 0.1% at $1,872.44 per ounce by 10:27 a.m. ET (1527 GMT). U.S. gold futures rose 0.4% to
The markets are quiet today with a light economic calendar and slow news flows. European majors are generally higher, in particular with Sterling and Euro paring some earlier losses. Commodity currencies turned softer, but Yen is the weaker one. Dollar is mixed in between. Trading could remain subdued till Friday when UK GDP and Canadian
GBPUSD moves back toward 100 hour MA The GBPUSD is moving back toward the falling 100 hour MA at 1.20919. The pair in the late London morning/early US session skimmed against the MA level but could not gather any upside momentum. It would take a move above that level – and stay above – to
Stoxx 600 +0.3% German DAX +0.6% Francis CAC -0.1% UK’s FTSE 100 +0.3% Spain’s Ibex +0.7% Italy’s FTSE MIB +0.4% The Stoxx 600 hit a new cycle high in early trading but faded late as the US mood worsened and closed with only modest gains. Does that spill into tomorrow? If so there might be
In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks past the American chain of fast-food restaurants Taco Bell in Spain. Xavi Lopez | Lightrocket | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong same-store sales growth at Taco Bell. Overall, the restaurant giant