Crude oil is down for the 7th consecutive day The CHF is the strongest and the CAD is the weakest as flows are once again out of the commodity currencies with help from China regulation, concerns about slowing from Covid delta variant (at least now), lower stocks, and all that dynamic continues to hurt commodities.
No US data to be released today The data calendar today is fairly sparse with Canada retail sales and Canada new housing prices index the only schedule releases. Canada retail sales for June are expected to rebound by 4.4% after last month’s -2.1% decline. In April the sales felt -5.7% as Covid lockdowns hurt the retail
New Delhi: Gold prices in the national capital on Friday jumped Rs 128 to Rs 46,353 per 10 grams, in line with firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,225 per 10 gram. Silver gained marginally by Rs 6 to Rs
Dollar, Swiss Franc and Yen are taking turns to be the strongest, with the greenback having a little upper hand. But they’re kept in range against each other. Commodity currencies remain the weakest, with Aussie additionally pressured by strict lockdowns, while Loonie is dragged down by falling oil prices. Euro and Sterling are mixed in
Federal Reserve officials at their July gathering made plans to pull back the pace of their monthly bond purchases likely before the end of the year, meeting minutes released Wednesday indicated. However, the summary of the July 27-28 Federal Open Market Committee gathering indicated that the central bankers wanted to be clear that the reduction,
In this article BBWI VSCO Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021. Bing Guan | Bloomberg | Getty Images Shares of Victoria’s Secret are tumbling while those of Bath & Body Works are on the rise after the two retailers reported their respective
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US 10-year Treasury yields print four-day losing streak. S&P 500 Futures fails to extend the previous day’s rebound. Virus woes escalate despite vaccine optimism, Japan stimulus. Market sentiment remains sluggish during early Friday as the coronavirus jitters continue to favor the safe havens. That said, the S&P 500 Futures drop 0.22% by the press time
What an ugly fall this week The final tell for an Australian dollar capitulation should have been yesterday’s jobs report. The numbers for July were surprisingly good and yet AUD/USD could only muster a 10 pip rally on the headlines. To be fair, it landed at a time of incredible USD/JPY buying and it’s a
At least one of them has a fever Three US Senators revealed positive covid-19 diagnoses today. What’s worrisome is that all three were fully vaccinated. Sens. Angus King (pictured above), I-Maine, Roger Wicker, R-Miss. and John Hickenlooper, D-Colo all reported positive tests today. The 77-year-old King said he took a covid test after coming down
Iron ore plunged and copper sank to a four-month low as worries over Chinese steel production, global growth risks and the prospect of reduced U.S. stimulus roiled metals markets. This week’s drop for iron ore accelerated, with futures sliding as much as 12% to the lowest since December in Singapore on expectations that Chinese steel
Selloff in commodity currencies intensifies today as risk sentiment turn sour again. Major European indexes are all in deep red while US futures point to lower open. Yen, Swiss Franc and Dollar are taking turns to be the strongest one in a three-horse race. Aussie is so far the worst performing, followed by Loonie and
First-time filings for unemployment insurance hit a pandemic-era low last week, a sign that the jobs market is improving heading into the fall despite worries over the delta Covid variant. Jobless claims for the week ended Aug. 14 totaled 348,000, the Labor Department reported Thursday. That was below the Dow Jones estimate for 365,000 and
In this article M Shoppers visit Macy’s flagship store in New York, May 20, 2021. Eduardo Munoz | Reuters Macy’s on Thursday reported fiscal second-quarter profit and revenue that topped analyst estimates, as customers returned to its stores to buy denim, luggage and new dresses. The department store chain also hiked its outlook for 2021,
USD/MXN hits 20.20 for the first time in a month. Pair moving with a bullish bias, at the 200-day simple moving average. The deterioration in market sentiment weakened the demand for emerging market currencies, among which is the Mexican peso that lost ground at a slower pace. The USD/MXN peaked at 20.20 on European hours,
Digital asset exchange platform Crypto.com will be prominently featured in football matches during Italy’s Lega Serie A competition as part of a partnership with the league. In a Thursday announcement, Lega Serie A said Crypto.com would be presenting key broadcast moments for the Italian football competition “where technology enhances the match.” Specifically, the platform has
AUD/JPY slides by 1.4% on the day to 78.25, lowest since December last year AUD/JPY is one of the key barometers for risk sentiment and it isn’t painting a pretty picture since the start of the week, after slipping below the 20 July low @ 79.84. The drop today also takes out the 28 January low
Forex news from the European trading session – 19 August 2021 Headlines: Markets: JPY leads, AUD lags on the day European equities lower; S&P 500 futures down 0.8% US 10-year yields down 4.3 bps to 1.23% Gold flat at $1,788.51 WTI down 3.8% to $62.98 Bitcoin down 0.2% to $44,433 The dollar started the session