The markets are steadily mixed in Asian session today. Sentiment is stabilized somewhat on news that US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, as brokered by French President Emmanuel Macron. Nevertheless, risks of imminent war remain. For now, Aussie and Kiwi are the slightly
James Bullard Olivia Michael | CNBC NEW YORK — St. Louis Federal Reserve President James Bullard cautioned Thursday that without central bank action on interest rates, inflation could become an even more serious problem. “We’re at more risk now than we’ve been in a generation that this could get out of control,” he said during
The People’s Bank of China left their 5-year loan prime rate unchanged at 4.60%, as expected and the 1-year loan prime rate unchanged at 3.70%, as expected. The central bank also sets the yuan mid-point at 6.3401 vs the last close of 6.3257. About the fix China maintains strict control of the yuan’s rate on the mainland. The
On Friday, France gave away a much of its strategy by saying that Russia couldn’t invade “government-controlled’ Ukraine, now there’s this. The ‘damaged further’ might mean that Russia formalizing control of the separatist-held areas by declaring them independent and providing formal military backing is just underscoring the damage that was done 8 years ago. It
USDCAD is stuck in the mud The USDCAD remains stuck in the mud and the tires are going deeper and deeper. The low to high trading range is only 45 pips that is well below the 81 pip trading range over the last 22 trading days. The low today tested the low from yesterday
SINGAPORE – Oil slid more than 2% in early Asian trade on Thursday after both France and Iran said parties are closer to an agreement to salvage Iran’s 2015 nuclear deal with world powers, offsetting ongoing concerns over the situation in Ukraine. U.S. West Texas Intermediate (WTI) crude was trading down $2.50, or 2.7%, at
A sold sign is posted in front of a home in Phoenix, Arizona. Justin Sullivan | Getty Images Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3%
In this article CSCO Cisco CEO Chuck Robbins Pradeep Gaur | Mint | Getty Images Cisco shares rose as much as 5% in extended trading on Wednesday after the enterprise software and hardware maker disclosed fiscal second-quarter earnings that surpassed analysts’ expectations. Here’s how the company did: Earnings: 84 cents per share, adjusted, vs. 81
In 2021, Latin America saw a soaring rise in crypto adoption among the 20 countries and 14 dependencies that make up the region. A slew of conferences, associations, new regulations and nonfungible token (NFT) projects as well as the global bull market made last year an intriguing one for the region. Let’s take a look
AUD/USD failed to hold above 0.7200 for a third successive session, as geopolitical angst underpinned US dollar demand. Geopolitics will be the highlight for the pair next week, though Aussie Q4 wage data will also be key. AUD/USD failed to hold to the north of the 0.7200 level for a third successive session, despite solid
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Discover a powerful day trading price action strategy to apply on Forex, crypto and stock market. In this video you will discover: • how to use and how to read candlestick wicks (shadows) to find bullish and bearish pressure zones • How to make money trading stocks, Forex and crypto using price action (on different
The monitors of the agreed ceasefire in Donbas report widespread fighting and shelling. The OSCE daily report shows that in the Donetsk Region there were 591 ceasefire violations, including 553 explosions In the Luhansk Region, there were 975 ceasefire violations, including 860 explosions. Both are up significantly from a day earlier and dramatically from a
EURUSD breaking to new lows The ECB sources headline did give the EURUSD a modest boost off of the lows, but not so fast. The pair remains well below the 100 hour MA at 1.13519. The pair could only get to 1.1345 (from a low today of 1.13267). Now there has been report of
Gold steadied on Thursday near an eight-month high touched earlier this week, as the U.S. dollar and Treasury yields dipped on less hawkish-than-feared Federal Reserve minutes, and as the Ukraine crisis boosted demand for the safe-haven metal. FUNDAMENTALS * Spot gold held its ground at $1,868.36 per ounce, as of 0123 GMT. Bullion had hit
Federal Reserve Chairman Jerome Powell leaves a meeting in the office of Sen. Chris Van Hollen, D-Md., in Hart Building on Wednesday, October 6, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images There may be plenty of reasons to confirm President Joe Biden’s nominees to the Federal Reserve, but economists say concern that
A Doordash delivery person rides their bike on Church Avenue in the Flatbush neighborhood of Brooklyn on December 04, 2020 in New York City. Food delivery startup DoorDash Inc is expected to raise its U.S. initial public offering up to $3.14 billion. Michael M. Santiago | Getty Images Shares of DoorDash soared as much as
Gold aims for a 2.06% gain on the week, courtesy of geopolitical jitters amid Fed speaking ignored by market players. The conflict in Eastern Europe gives signs of no de-escalation as Russian President Putin decided to oversee nuclear drills in the weekend. XAU/USD Technical Outlook: Despite finishing the week on the wrong foot, still upward