The markets are generally trading in risk-on mode today. New Zealand Dollar is leading commodity currencies higher, with additional boost from hawkish RBNZ rate hike. Australian Dollar is following closely, then Canadian Dollar. on the other hand, Yen and Dollar are under some selling pressure. Euro and Sterling are mixed despite hawkish comments from ECB
In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that sales rose 5% and surpassed Wall Street’s estimates in the fiscal fourth quarter, as Americans bought, fixed up
USD/CAD came under intense selling pressure on Wednesday and dived to a fresh weekly low. The risk-on impulse weighed on the safe-haven USD and exerted downward pressure on the pair. Bulls seemed rather unimpressed by softer crude oil prices, which tend to undermine the loonie. The USD/CAD pair continued losing ground through the early North
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It’s looking like an outside say in USD/CAD (though you could forgive it given yesterday’s holiday). The pair fell earlier today on strong oil and a steady risk tone but it’s been ratcheting higher for a few hours and has now cut through the session high to 1.2775. There are a number of recent highs
Risk tones are faring calmer on the day but it is still a bit early to draw much conclusions from that. In trading yesterday, we saw a turnaround at around European midday before stocks still ended the day more subdued as Russia-Ukraine tensions continue to play out. US futures are pointing higher on the day
NEW DELHI: Gold prices dropped on Wednesday, bucking the firm global trend, with futures on MCX trading lower by 0.31 per cent or Rs 158 at Rs 50,170 per 10 grams. The safe-haven demand was offset by a rise in US treasury yields. Higher yields and interest rate hikes dent the appeal of bullion by
US stocks tumbled sharply overnight after the West unveiled a wave a sanctions on Russia’s invasion on Ukraine, and warned that more are underway. But other markets were pretty steady, with Asian markets trading mildly higher. Gold is struggling to stand above 1900 handle. WTI crude oil is also gyrating below 96. In the currency
In this article M People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Macy’s on Tuesday reported fiscal fourth-quarter earnings and sales that outpaced analysts’ estimates and said that a strategic review has prompted the retailer to accelerate its turnaround
Bitcoin’s sell-off appears to be taking a pause even though the United States rolled out new sanctions against Russia on Feb 22. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) continues to hover slightly below $38,000, which some analysts have identified as a significant support and resistance zone. BTC/USDT 1-day
Market sentiment dwindles as traders seek fresh clues over Russia-Ukraine issues, Fedspeak turns softer of late. S&P 500 Futures part ways from Wall Street, Japan holiday stops US Treasury bond moves. Light calendar keeps risk catalysts on the driver’s seat. Risk appetite improves during the mid-Asian session on Wednesday as traders jostle over the odds
NASDAQ index is looking to test the swing lows from January The NASDAQ index is trading below the lowest close going back to May 2021. The low close this year was on January 27 at 13352. The current price is trading at 13298. The high price for the NASDAQ was at 16212.23 back on November
A snapshot of the market before and after the Biden speech shows: Dow industrial average moved from -674.33 points to -518.58 points S&P index moved from -74.06 points to -49.64 points NASDAQ index moved from -260.69 points to -171.16 points Russell 2000 move from -33.71 points to -24.96 points In the precious metals Gold move
New Delhi: Gold prices in the national capital on Tuesday jumped by Rs 552 to Rs 50,518 per 10 gram in line with positive global trend and a rupee depreciation, according to HDFC Securities. The yellow metal had closed at Rs 49,966 per 10 gram in the previous trade. Silver also shot up by Rs
The markets are surprisingly calm despite some initial volatility on escalation in Russia Ukraine situation. News of sanctions on Russia are staying to flow out, with the UK sanctioning five Russians banks and three individuals. Germany also put the certification of the Nord Stream 2 gas pipeline on hold. But there are just very little
In this article DNUT Krispy Kreme on Tuesday reported its first quarterly profit since going public again but fell short of Wall Street’s expectations for its earnings. Shares of the doughnut company rose nearly 2% in premarket trading. Since its initial public offering in July, the stock has struggled, falling 33%. Here’s what the company
A combination of factors pushed AUD/USD to a near two-week high on Tuesday. RBA rate hike bets acted as a tailwind amid the emergence of fresh USD selling. A turnaround in the risk sentiment further benefitted the perceived riskier aussie. The AUD/USD pair maintained its strong bid tone heading into the North American session and
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