MUFG Research maintains a bearish bias on GBP over the coming weeks. “While the scale of collapse in confidence triggered by the ‘Growth Plan’ might not be repeated we would be cautious on there being a further improvement in confidence from here. We still see renewed GBP weakness ahead with a danger of a rush
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla reported third-quarter earnings after the bell, and executives addressed a broad range of questions during the earnings call, including macroeconomic concerns and CEO Elon Musk’s pending takeover of Twitter. Shares fell by about 5% after hours following the results. Here are the results. Earnings: $1.05
Gold prices lingered at a three-week trough on Thursday, pressured by rising U.S. dollar and Treasury yields amid worries that the Federal Reserve will persist with sharp rate hikes. FUNDAMENTALS * Spot gold inched down 0.1% to $1,627.04 per ounce, as of 0049 GMT. Prices earlier hit their lowest level since Sept. 28 at $1,624.98.
Yen remains the worst performer for the week but selling appears to have slowed after Japan’s intervention yesterday. Dollar is following as next weakest, as risk sentiment stabilized. Also, Dollar bulls are clearly on guard against sudden volatility in Yen. Australian Dollar is the strongest one together with New Zealander. European majors are mixed, with
Juan Espinoza, far left, with his family. A combination of rising interest rates, high home values and limited inventory has been squeezing prospective homebuyers — and perhaps few know that as well as Juan Espinoza does. The 23-year-old resident of Santa Ana, California, has been on a three-year search for a dwelling that’s within the
USD/CAD is marching towards 1.3800 as the market mood has soured amid soaring yields. Fed’s Beige Book has indicated labor demand moderation due to economic slowdown anticipation. Oil prices have recovered firmly despite an addition in global oil supply from US SPR. The USD/CAD pair has picked bids around 1.3760 and is aiming to recapture the
Ethereum’s Merge dominated the crypto world in September with promises of quicker transaction times, improved security and a 99% reduction in energy consumption. However, will you end up with a surprise tax bill too? Let’s examine. During the Merge event, the Ethereum mainnet — the then current proof-of-work (PoW) blockchain — merged with the proof-of-stake
USDCAD chops up and down The USDCAD is a chopping up and down with the 100/200 hour moving averages converged near 1.3774 (see blue and green lines in the chart above). When the 2 averages converged it is indicative of a non-trending up and down trading market. Looking at the hourly chart since September 21,
According to a Number 10 source, UK PM Truss is not meeting with Sir Graham Brady, the head of the backbench 1922 committee. According to sources, the head of the 1922 committee Brady has received up to 100 letters calling on Truss to go. The new PM as per rules is not to have a
In this article PG Follow your favorite stocksCREATE FREE ACCOUNT Containers of Tide detergent on grocery store shelves. Richard Levine | Corbis | Getty Images Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts’ estimates as higher pricing helped offset lower sales volume and currency headwinds. The maker of Tide detergent,
New Delhi, Gold prices fell by Rs 276 to Rs 50,471 per 10 grams in the national capital on Wednesday due to weak global trends, according to Securities. In the previous trade, the precious metal had settled at Rs 50,747 per 10 grams. Silver also declined Rs 487 to Rs 56,406 per kg from Rs
Dollar rises broadly today, with help from bonds as 10-year yield tops 4.1% in pre-market. Canadian Dollar is also slightly firmer after CPI report. Other parts of the markets are mixed. Yen is dropping towards 150 with Dollar, but recovers elsewhere. Swiss Franc is weakening against both Euro and Sterling but loss is limited. Aussie
Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis | Reuters Amazon founder Jeff Bezos has become the latest corporate leader to warn about the state of the economy, cautioning that rougher times are likely ahead. In a tweet posted Tuesday evening, the
In the opinion of economists at TD Securities, dips into and below 1.37 in USD/CAD should be faded and a return to a 1.40 handle is likely. There is zero reasons to like the loonie “We see strong markers of support and dips in USD/CAD should be shallow. Dips into 1.36/37 should be strongly faded.”
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The S&P index moved above its 100 hour moving average yesterday. That moving average (blue line in the chart above) comes in at 3666.77. The index moved above the moving average in the first hour of trading and stayed above it for the rest of the day. S&P index trades between hourly moving averages Today,
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