Euro rebounds strongly today as some ECB policymakers continued to talk up the chance of a July rate hike. Canadian Dollar is following as second strongest, continuing to be supported by strong inflation data. Dollar is not performing too badly for now, as third strongest. On the other hand, New Zealand Dollar remains under pressured
CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap missed Wall Street expectations for profit and sales, and forecast disappointing revenue growth in the current quarter, when it reported first-quarter results
The odds of a 50 bps interest rate hike have elevated after Fed Powell’s comments at the IMF meeting. Higher inflation pressures in a very tight labor market are compelling for squeezing the liquidity. A double bottom formation has raised expectations of a reversal in the gold prices. Gold (XAU/USD) has bounced back sharply after
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Alex Zinder, a capital markets veteran who jumped on the blockchain train last year, attended the Paris Blockchain Week Summit, where he sat down with Cointelegraph to discuss blockchain projects, crypto adoption and the traditional financial world’s necessary embrace of digital assets. After almost two decades in capital markets technology, Alex Zinder joined Ledger Enterprise
Crude oil settles at $102.18 barrel The price of WTI crude oil futures for June settlement are up $0.14 at $102.19. The May contract which goes off the board today settled at $102.75 up $0.19 or 0.19%. The price action was up and down choppy today. The weekly inventory data showed a much higher-than-expected drawdown
Expects consumption to continue to recover Will keep supply chains stable and smooth for both importers and exporters Well, we can only wait and see as to what these measures will be but for now, it is clear that Chinese policymakers are favouring a weaker yuan to help with the situation. The onshore currency has
NEW DELHI: Gold prices eased on Thursday, following a rebound in US treasury yields which dented sentiments for bullion demand. US bond yields have marched higher on expectations that the Federal Reserve will aggressively hike interest rates as inflation accelerates at its fastest pace in 40 years. Gold futures on MCX dropped 0.11 per cent
Inflation data were the main drivers in the forex markets in the past 12 hours. New Zealand Dollar turned slightly weaker after Q1 CPI came in lower than expected, despite surging to 30-year high. On the other hand, Canadian Dollar remains supported by the stronger than expected CPI readings released overnight. Dollar’s retreat appears to
In this article UAL Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines expects to turn a profit in 2022 for the first time since before the pandemic as bookings and airfares jump. United’s shares rose more than 4% in after-hours trading Wednesday
EUR/GBP gained strong positive traction on Thursday and rallied to a near two-week high. The overnight hawkish comments by the ECB policymaker underpinned the shared currency. Subdued action around the British pound did little to hinder the strong intraday positive move. The EUR/GBP cross added to its strong intraday gains and jumped to a nearly
A study claiming that psychopaths and others with ‘Dark Tetrad’ personality traits are drawn to crypto has been criticized as “meaningless” for showing very weak correlativity by a psychology expert from The University of Otago. Researchers with backgrounds predominately in marketing and advertising from the Queensland University of Technology (QUT) surveyed 566 people on their
EURUSD retest its 200 hour moving average The EURUSD started the NY session with a move below the 200 hour MA (green line at 1.08366). The move lower took the price to a swing area from trading this week (and Friday last week as well) at 1.08205. The subsequent rebound off that support, rebroke above
A snippet from a recent note from BoA: Different set of priorities China’s growth profile has been dwindling down for close to a year on account of the relentless onslaught of credit and regulatory tightening across sectors. Ever since we lowered our view to neutral in Nov-2020, we have advised against adding exposure to China
Oil prices rose about 1% on Wednesday, gaining back some of their losses during the previous session on concerns about energy demand after the International Monetary Fund (IMF) cut its economic growth forecasts. However, the demand concerns have been offset by a tighter supply outlook following sanctions on Russia, the world’s second-largest oil exporter and
Canadian Dollar surges in early US session after much stronger than expected consumer inflation data, which supports more aggressive tightening by BoC. Other commodity currencies are also strong. On the other hand, Dollar is trading broadly lower as recent rally lost momentum, in particular against Yen. Euro is also soft, together with Sterling and Swiss
In this article TSLA Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Electric vehicle maker Tesla is set to deliver a first quarter earnings update after the bell on Wednesday. Here’s what Wall Street
NZD/USD bulls come up for air and US dollar sinks. US yields have corrected and the market gives a sigh of relief. Trading at 0.6804, NZD/USD is firmly bid just over 1% higher on the day as Wall Street draws to a close. The US dollar was sliding as US yields corrected which gave a