German DAX futures -0.4% UK FTSE futures -0.1% The market mood is more pensive after stocks declined yesterday, pulling back the gains from Monday. There is a sense of apprehension ahead of the US CPI data today but what comes next will depend on what the figures will offer later in the day. Elsewhere, S&P
NEW DELHI: Gold prices struggled on Wednesday thanks to a stronger dollar which dented bullion’s appeal ahead of much-awaited inflation data scheduled later in the day. The Fed hiked rates by 75 basis points each in June and July to rein in soaring inflation. Although gold is seen as a hedge against inflation, higher US
The forex markets are somewhat in hibernation mode this week. Dollar is currently the weakest one, followed Yen. Commodity currencies are generally firm. But Swiss Franc is the strongest, thanks to buying against the weakening Euro and Sterling. But overall, with the exception of a few Yen pairs, major pairs and crosses are staying inside
LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the amber nectar. According to figures from consultancy firm CGA, the average cost of a pint
In this article COIN Coinbase shares dropped in extended trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ estimates for revenue. Here’s how the company did: Earnings: Loss of $4.98 per share, vs. loss of $2.65 per share as expected by analysts, according
EUR/USD steadies near 1.0220. In the view of economists at ING, the pair does not show signs to buy it. Too many challenges “EUR/USD continues to languish near the lows and there does not seem a compelling case to buy it. Medium valuation considerations do not show it as particularly undervalued. And the larger geopolitical
Crypto exchange giant Coinbase has cited a “fast and furious” downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling. It’s the second consecutive quarter of loss for the crypto company and the largest loss
AUDUSD runs away from the 100 hour MA It took a while, but the USDCAD is making a break for it to the upside. The pair tested the 100 hour MA in the Asian and London morning session. Then tried to move higher in the NA session. The first few tries saw some up and
Three headlines hit today: GM says it’s open to funding EV battery minerals mining ventures Ford raised the price of the electric F-150 Lightning truck by up to $8,500 due to ‘significant cost increases’ Tesla signed a $5 billion deal for nickel from processing companies in Indonesia There’s clearly a supply shortage here and auto
Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. Brent crude futures fell 27 cents, or 0.3%, to $96.38 a barrel at 0027 GMT, paring a 1.8% gain
Euro rises slightly as market sentiments are flip-flopping today. Sterling and Swiss Franc are also trading higher. On the other hand, commodity currencies turn soft with Aussie paring most of recent gains. Dollar and Yen are mixed for now. IN other markets, Silver is trading firmer but Gold is still range bound. WTI crude oil
Post Office has attributed the record amount for personal cash withdrawals at its 11,500 branches to more staycations in the U.K. and people using cash to manage their budgets. Gannet77 | Getty Images Britain’s Post Office, which offers banking services as well as mail, handled a record £801 million ($967 million) in personal cash withdrawals
In this article SAVE Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines reported a second-quarter loss as strong travel demand and higher fares weren’t enough to overcome a surge in costs. Spirit reported results less than
The Australian dollar remains heavy and exchanges hands amidst a narrow range. Investors brace for the US Consumer Price Index for July. Better-than-expected Australian business confidence data capped further downside pressures. The AUD/USD retraces from weekly highs, but trades in a choppy trading range as traders prepare for the US inflation report. That, alongside geopolitical
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USDCHF rebounds toward 200 hour MA In the morning video report, the USDCHF was trading between the 100 and 200 hour MAs (blue and green lines – see VIDEO here). The USD moved lower and so did the USDCHF. That took the price below the lower 200 hour MA and that momentum fell below a