TOKYO: Oil prices fell for a second day on Friday after the IEA warned that demand growth for crude and its products had slowed sharply as surging cases of COVID-19 worldwide has forced governments to revive restrictions on movement. Brent crude was down 31 cents, or 0.4%, at $71.00 a barrel by 0046 GMT, after
Prices that Americans pay for everyday goods and services rose in July as pent-up demand for travel and restaurants kept inflation hot, but jumped about as much as economists had expected. The Labor Department reported Wednesday that its consumer price index rose 5.4% in July from a year earlier, in line with June’s figure and
In this article DIS The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), today, Tuesday, May 4, 2021, in honor of Star Wars Day. Source: NYSE Disney is set to report fiscal third-quarter earnings after the bell on Thursday. Here are the key numbers analysts are expecting: Earnings per share: 55 cents
EUR/USD edges higher on Friday in the Asian session. Higher US Treasury yields undermine the demand for the US dollar. US Dollar Index retreats from the high of 93.00 stays elevated. EUR/USD refreshes daily high with minute gains on Friday in the Asian trading hours on Friday. The pair hovers in a narrow trade band
Ether’s (ETH) 81% rally over the last three weeks caught professional traders off-guard, and this week’s upcoming options expiry reveals that of the $430 million in contracts set to expire, only 7% of the neutral-to-bearish put options will be available if Ether holds above $3,200 on Aug. 13. Ether price in USD at Coinbase. Source:
Dollar is trying to regain some ground in early US session after stronger than expected PPI. Both initial and continuing jobless claims also continued to trend lower. The greenback is followed by Euro and Yen while Aussie and Kiwi are softest. Though, major pairs and crosses are staying inside yesterday’s range for now. As for
Tough one to make sense of For the past half year there has been a consistent trend of strong 10-year US auctions and weak 30-year sales. In theory, markets should adjust to that but for some reason they aren’t. The reaction in the FX market, we witnessed the US dollar weakness on the particularly strong
Dollar edges higher As the London 4 PM fixing approaches (11 AM ET), the USD is making new highs verse the GBP, CHF and NZD in the last few minutes. The dollar the strongest of the major currencies today. The USDCHF traded up to a high price of 0.9236 and moves closer to the high price from
New Delhi: Gold in the national capital on Thursday rallied Rs 422 to Rs 45,560 per 10 gram amid gain in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,138 per 10 gram. Silver also gained Rs 113 to Rs 61,314 per kilogram from
Initial jobless claims declined for the third consecutive week as the U.S. labor market continued its recovery from last year’s recession. New claims for jobless benefits totaled 375,000 last week, the Labor Department said Thursday, matching estimates from economists surveyed by Dow Jones. The reading for the previous week was revised upward by 2,000 to
Palantir Technologies CEO Alex Karp arrives at the “Tech for Good” Summit in Paris, France May 15, 2019. Charles Platiau | Reuters Data-analytics company Palantir released its second-quarter earnings, beating Wall Street’s expectations for revenue and giving upbeat guidance for the current quarter. Shares of the company were up more than 5% premarket. Here’s how
US dollar holds onto modest daily gains across the board. GBP/USD heads for the lowest daily close in two weeks. The GBP/USD dropped further after the beginning of the American session and printed a fresh daily low at 1.3821. Cable is hovering around 1.3830 and it has erased Wednesday’s gains. The combination of a stronger
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The forex markets are generally trading in very tight range in Asian session. While DOW surged to new record high overnight, Asian indexes are just mixed. Dollar started a pull back but there is no clear follow through selling so far. At the same time, commodity currencies are generally stronger for the week, as supported
A snoozefest basically to start the day I mean talk about narrow ranges, today in particular seems to be rather restricted. Dollar pairs are confined to within 5 pips of each other currently and there hasn’t been any stretching whatsoever among them as we look towards European trading. The biggest range on the day is
Nasdaq lower for the 2nd consecutive day The Dow and S&P closed at record levels for the second consecutive day. The NASDAQ closed lower for its second day of declines. The Dow closed at a record for the 32 time this year The S&P closed at a record level for the 46th time this year The Dow closed near its