The tumble yesterday continued The GBPUSD fell sharply yesterday from the week’s high at 1.36972 helped by the BOE decision which did not show the hawkish bias that the market was looking for. The price tumbled down to an intraday low of 1.34707, before rebounding back toward the 1.3500 level going into the close. In trading today, the Asian session
Reflation trades strengthen Ongoing signals about extended low rate policy from central banks are sending bullish signals throughout capital markets and oil is no exception. We’re still waiting for the other shoe to drop from the US in terms of a response to OPEC but there’s an increasingly belief that they won’t release oil from
TOKYO: Oil prices rose around 1% on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted by the pandemic. Brent crude rose 72 cents or 0.9% to $81.26 a barrel by around 0452 GMT, after falling nearly 2%
The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday. Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones estimate of 450,000. The jobless rate had been expected to edge down to 4.7%. Private
In this article UBER Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Uber reported its third-quarter results after the bell on Thursday. Shares were down about 2.5% in after-hours trading. Here’s how Uber did, compared with expectations of analysts surveyed by Refinitiv: Loss per share: $1.28 vs. 33 cents expected Revenue:
October’s NFP report showed a net gain in jobs of 531K above the 425K of market consensus. Analysts at Wells Fargo point out that those numbers in employment hinted that many of the recent headwinds to hiring, such as the Delta variant, parts shortages and the availability of labor itself, are beginning to ease. They
Former Comptroller of the Currency and Binance.US CEO Brian Brooks has been announced as the new CEO of crypto (BTC) mining firm BitFury. According to a Nov. 4 announcement from Bitfury, Brooks was appointed last Friday and he will lead the firm as it prepares for a new funding round. Bitfury founder and former CEO
Yen and Swiss Franc are currently the strongest ones for the week and remain generally firm. Falling global benchmark treasury yields seem to be supporting both “safe-haven” currencies. Germany 10-year bund yield is back below -0.22, UK 10-year gilt yield is below 0.95 while Japan 10-year JGB yield is back at 0.07. Aussie is worst
Dollar sits in a good spot after the gains yesterday The plunge in cable may have lent to some added bids in the greenback post-BOE but all in all, dollar bulls put in a good shift and now must “go for the kill”.Invest in yourself. See our forex education hub. That will be the key
NFP to round things off in trading this week Amid all the focus on central banks over the past few days, one can easily forget that we still have one of the bigger data points that the Fed and the market tends to look at. With that in mind, we may not get much notable
Gold prices have witnessed negative returns in India till now in 2021, losing 5% when compared with the broad rallies of 2019 and 2020, which saw 13% and 26% returns, respectively. Gold prices started the year on a negative note as the reopening of global economic activities and large-scale vaccination improved investment sentiment in riskier
In this article COLM CLBK Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, the days of low rates are clearly numbered. Reports of hotter-than-anticipated inflation have paved the way for the central bank to unwind last year’s bond buying. While the Fed said that interest rates will stay near zero for now,
In this article PTON A Peloton Bike Shannon Stapleton | Reuters Peloton is set to report its fiscal first-quarter financials after the market closes on Thursday. Here’s what analysts polled by Refinitiv are expecting: Loss per share: Loss of $1.07, adjusted Revenue: $810.7 million Beyond the quarterly results, investors will be paying close attention to
Gold price cheers the markets’ re-pricing of the global tightening expectations, looking to recapture the $1800 mark. Gold price rallied hard, despite the resurgent US dollar demand on Thursday, as the dovish BOE rate decision added to the Fed’s push back of the lift-off bets. Gold traders now eagerly await the US Nonfarm payrolls data
The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond buying. These statements appear to have kicked off a series of price decreases across
Gold Live Signals – XAUUSD TIME FRAME 5 Minute M5 | Best Forex Strategy Almost No Risk 👇 SUBSCRIBE MY YOUTUBE CHANNEL NOW 👇 https://www.youtube.com/channel/UC53vvfdlTgtACVRbusR1u7Q ————————————————————————————————————————————- Get Forex Signals- https://bit.ly/3iq1AuZ ————————————————————————————————————————————- Best Low Spread Forex Brokers:- 1. https://bit.ly/3w99ops (Exness Best For Gold Xausd 1 Pip Spread No Extra Commission, Instant Withdrawal, Swap-Free) 2. https://bit.ly/3lz7IRm (Best
We were surprised that the Committee voted with overwhelming majority to leave the Bank rate at 0.1%. Despite Governor Andrew Bailey’s hawkish comments ahead of the meeting, the was one of those who voted to leave the policy rate unchanged. The BOE also decided to leave the QE program at 875B pound. On the economic
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do