Selloff in Euro accelerates again today, as Germany benchmark 10-year yield tumbles back below 0.8 handle. Swiss Franc and Sterling are also the weaker ones. Australian Dollar is supported by stronger than expected CPI reading, but looks rather vulnerable into US session. Indeed the greenback is probably ready to power up again, including against commodity
In this article FB Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Meta, the company formerly known as Facebook, is set to report first-quarter earnings after the bell on Wednesday. Here are the key numbers: Earnings per share:
Reuters reports the Bank of Canada Governor Tiff Macklem saying on Wednesday that Canada needs higher interest rates, though how high those rates go will depend on how the economy responds and how the outlook for inflation evolves. Key comments “The economy needs higher rates and can handle them,” Macklem told a Senate committee, reiterating recent
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Bitcoin (BTC) remains a slave of the U.S. dollar on April 27 as the greenback spells fresh misery for risk assets across the board. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC faces off with the support zone to hold Data from Cointelegraph Markets Pro and TradingView showed a precarious picture of BTC markets on April
Not every technical break is followed by a breakdown but the techncials and fundamentals were aligned for cable. The 1.30 level held on a bunch of tries but after the Bank of England recognized that it would be tough to curb inflation and avoid a recession, the breakdown began to happen. Sometimes the best trade
Prior -5.0% Market index 343.1 vs 374.0 prior Purchase index 234.7 vs 254.0 prior Refinancing index 930.7 vs 1,023.2 prior 30-year mortgage rate 5.37% vs 5.20% prior The average rate of the most popular US home loan jumps to its highest since June 2009 and the rising costs have certainly weighed on demand conditions, as
NEW DELHI: Gold prices eased down on Wednesday as the dollar held ground at its highest in more than two years and pressured demand for greenback-priced bullion. The dollar held steady after climbing to its highest since March 2020 on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively
Yen and Dollar are both staying in the driving seat as risk-off sentiment continues to dominate the markets. Sterling remains the worst performing one, followed by Euro, with selling focus mainly on them. Australian Dollar recovers mildly as stronger than expected CPI data prompted some speculations that RBA could hike next week. But it’s not
In this article BA A Boeing Co. Dreamliner 787 plane with AirEuropa livery moves past the company’s final assembly facility in North Charleston, South Carolina, U.S., on Tuesday, Dec. 6, 2016. Travis Dove | Bloomberg | Getty Images Boeing reported a wider adjusted loss and lower revenue than analysts expected as the company faced higher
NVDA stock crashes 6% on Tuesday in line with broad market sell off. Nasdaq and other main indices finish Tuesday lower. NVDA suffering a tech sector sell off with NFLX and now GOOGL disappointing. Tuesday saw fears mount for the health of the global economy and with a catalyst of geopolitical events in place the
A new homeowner has bought an apartment in Austin, Texas through a program that allows crypto holders to take out traditional uncollateralized mortgages based on their credit scores. The USDC.homes crypto mortgages platform issued its first crypto loan to an Austin resident who bought a $680,000 condo with a $500,000 loan issued in USD Coin
USDCAD bases against the 100 day moving average The USDCAD moved higher yesterday and away from it’s 100 day MA. The high yesterday stalled ahead of a lower swing area that is ahead of the extremes from 2021 in 2022. That swing area in the USDCAD comes between 1.27857 and 1.28132. In trading today, the
Wall Street Journal had the report Tuesday US time (gated) Chinese President Xi Jinping has told officials to ensure that the country’s economic growth outpaces the U.S.’s this year, according to people familiar with the discussions In meetings over the past few weeks, Mr. Xi told senior economic and financial officials that ensuring that the
NEW DELHI: Gold prices rose on Tuesday after hitting one-month lows in the previous session as softening of the US dollar and drop in treasury yields aided bullion’s appeal. The dollar eased from a two-year high in the previous session, making greenback-priced gold cheaper. Bullion is seen as a safe store of value during economic
Overall risk sentiment is mixed today with mild recovery in European stocks, even though US futures still point to lower open. Major global benchmark treasury yields are turning softer. Dollar, Swiss Franc and Yen are staying as the strongest ones. Selling focus, however, has turned to Sterling in Euro. Commodity currencies turned mixed for now,
In this article WBD David Zaslav Anjali Sundaram | CNBC Warner Bros. Discovery reported a 13% revenue jump and consistent streaming subscriber growth for its fiscal first quarter Tuesday. The results don’t include first-quarter performance from WarnerMedia, which Discovery bought this month. The company reported revenue of $3.16 billion and net income of $456 million. Shares
The cable has plunged around 3.70% in the last four trading sessions. A breakdown of the Falling Channel formation has strengthened the greenback bulls. Investors seek a pullback for making a short entry. The GBP/USD pair is falling like a house of cards since Friday after slipping below the two-week-old barricade at 1.2973. The asset