GBP/USD staged a goodish intraday bounce from the weekly low touched earlier this Wednesday. A positive risk tone and dismal ADP report weighed on the safe-haven USD and extended support. The upside potential seems limited as the focus remains glued to the crucial FOMC policy decision. The USD edged lower in reaction to the dismal
USDJPY seems to be stuck in a range now The USDJPY is taking a breather today with a 60 pip trading range. That is about half of the oversized 122 average over the last 22 trading days (about a month of trading days). The price action has been down, up, down and back up again.
The British Retail Consortium data release for April 2022 shows prices in store chains rose by an annual 2.7% y/y, the highest rate since September 2011. from 2.1% in March From BRC chief executive Helen Dickinson: The impact of rising energy prices and the conflict in Ukraine continued to feed through into April’s retail prices,”
MELBOURNE – Oil prices slipped on Tuesday in a second day of thin trading in Asia, pulled in opposite directions by China’s COVID-19 lockdowns, which could weigh on fuel demand, and prospects for a supply hit from a possible European oil embargo on Russia. Brent crude futures fell 23 cents, or 0.2%, to $107.35 a
Australian Dollar rebounds broadly after the larger than expected rate hike by RBA, and takes up New Zealand Dollar too. But there is no clear follow through buying yet. Swiss Franc is currently the weakest one for the day, followed by Dollar and Yen. Apparently, overall development suggests steady risk sentiment, but that may not
A “now hiring” sign is posted in the window of an ice cream shop in Los Angeles, California on January 28, 2022. Frederic J. Brown | AFP | Getty Images Employment openings exceeded the level of available workers by 5.6 million in March while a record number of people quit their jobs, the Labor Department
In this article SBUX A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks is expected to report earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share:
NZD/USD bulls are moving in at weekly support. Wycoff style accumulation could be playing out. The antipodeans have been wrong-footed by a strong US dollar ahead of the Federal Reserve meeting this week. The kiwi has been sent down to fresh cycle lows vs. the greenback where it is now consolidating as per the following
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In a statement published on Monday, Japanese video game publisher Square Enix announced that it would be divesting its popular Tomb Raider franchise for $300 million and investing the proceeds into blockchain, artificial intelligence (AI) and cloud computing technologies. The principal developer of Tomb Raider is Square Enix’s subsidiary Crystal Dynamics, which generated $92 million
GBPUSD tries above its 100 hour moving average one The GBPUSD reached the lowest level since July 2020 last week at 1.2410 and moved higher on Friday. That move took the price above its 100 hour moving average for the first time since April 22. However momentum could not be sustained,and yesterday saw the price
There’s no real catalyst for the euro rally today but some broader USD weakness is making its way through, likely due to a slip in bond yields on the failure to get through 3% on 10s. The FOMC begins its two day meeting today so there could be some position squaring in euro shorts or
Akshaya Tritiya, it is very important to see how the gold prices have moved and what to expect over the next few months. There are several factors which have contributed to gold’s movement in the past few years — pandemic being a major one. Now, the focus will be shifting towards geopolitics, inflationary concerns and
Dollar is turning softer entering into US session, as traders might start to lighten up position ahead tomorrow’s FOMC rate decision. Commodity currencies are also soft, except Aussie which is supported by RBA’s hawkish rate hike. Yet, there is no clear follow through buying in Aussie. European majors, on the other hand, are trying to
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high. Some observers believe the U.S. government may have misread the looming threat of inflation. During the pandemic, Uncle Sam dispersed
In this article PFE Albert Bourla, chief executive officer of Pfizer pharmaceutical company, arrives to ring the closing bell at the New York Stock Exchange. Drew Angerer | Getty Images Pfizer beat on its top and bottom line in its first quarter earnings report after booking strong sales of its Covid vaccine and oral antiviral
Though trading weaker on Tuesday, silver is holding up above $22.50 for now as bears eye sub-$22.00 annual lows. Macro strategists are warning more downside is likely as the Fed embarks on aggressive monetary tightening. Though prices have been able to fend off a retest of Monday lows in the $22.12 area and annual lows
Blockchain network Algorand (ALGO) has partnered with FIFA inking a sponsorship and technical partner deal as the network becomes the soccer association’s first official blockchain platform. The deal announced on Monday, May 2 will also see Algorand become a regional supporter in North America and Europe for the 2022 FIFA World Cup to be held