Sterling continues to trade as the strongest one for the week, as focus turns to UK retail sales and PMIs. Upside surprises there could give the Pound another lift. Australian Dollar is keeping itself close as second strongest for now. On the other hand, Yen and Swiss France are staying as the weakest, followed by
Month: February 2021
Treasury Secretary Janet Yellen on Thursday said a large stimulus package is still necessary to get the economy back to full strength, despite momentum suggesting that growth is off to a faster start than anticipated in 2021. In a CNBC interview, the lead economic official in the Biden administration said the $1.9 trillion proposal could
“There has been no evidence that negative rates have been counterproductive to the aggregate aims of monetary policy,” Bank of England (BoE) policymaker Gertjan Vlieghe said on Friday, per Reuters. Additional takeaways “Want to emphasise how far we still have to travel in this recovery.” “We are experiencing something between a swoosh-shaped recovery and a W-shaped
As decentralized finance continues to increase it hold on the wider cryptocurrency market, Binance Smart Chain (BSC) is beginning to emerge as a suitable option for traders looking to escape from high transaction fees on the Ethereum (ETH) network. With more attention being paid to BSC, DeFi projects operating on the chain have also seen
100 hour MA at $60.32. Trend line at $59.94 The price of WTI crude oil futures settle at $60.53. Since then it has moved down toward the $60 level once again. The low for the day reach $59.81 a few hours ago. On the dip, the price is looking to retest a lower trendline of $59.94 currently (and
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By John KempLONDON: Saudi Arabia’s oil minister has called for a cautious approach to raising production, even as prices surge and many traders anticipate an increasingly severe shortage of petroleum later this year. “We are in a much better place than we were a year ago, but I must warn, once again, against complacency. The
Dollar is back under some selling pressure, starting in European session, and intensifies after poor job data. Weakness in the greenback is dragging down Canadian Dollar as the second worst performing, while Yen follows as third. Sterling is once again leading the way higher, followed by Aussie and Kiwi. Euro and Swiss France are mixed,
Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021, according to a government report Wednesday. Economists surveyed by Dow Jones were expecting a rise of just 1.2%. Excluding autos, sales rose 5.9%, also far ahead of the 1% estimate in a
A worker wearing a protective mask arranges shopping carts outside a Walmart store in Duarte, California, U.S., on Thursday, Nov. 12, 2020. David Swanson | Bloomberg | Getty Images Walmart is set to report its fiscal fourth-quarter earnings before the bell on Thursday. Here’s what Wall Street is expecting: Earnings per share: $1.50 expected, according
The pandemic’s second wave has hit Germany hard. January’s economic performance was hit by the lockdown, with falls in practically all economic sectors and the nation’s finance ministry sees economy subdued in coming weeks under measures to contain covid-19. The finance ministry sees inflation close to January’s 1.0% in coming months although say the leading indicators point
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EUR/USD is up 0.3% just above 1.2070 on the day The pair managed to lean on some swing region support @ 1.2020-24 amid the drop yesterday with the daily close keeping above the 61.8 retracement level of the recent swing move higher this month @ 1.2035. The turnaround today comes as the dollar is seeing
Daily thread to exchange ideas and to share your thoughts Major currencies are little changed on the day but dollar sentiment remains one of the key themes to watch in the market at this point in time. The greenback capitalised on better US retail sales data yesterday and posted a modest bounce and is keeping those gains
oil market. More than 4 million barrels a day of output — almost 40% of the nation’s crude production — is now offline, according to traders and executives. One of the world’s biggest oil refining centers has seen output drastically cut back. The waterways that help U.S. oil flow to the rest of the world
Australian Dollar strengthens mildly in Asian session today, as supported by another set of solid job data. But overall, trading in the forex markets is subdued. Dollar is taking a breather as FOMC minutes provided no special inspirations. The greenback is, nonetheless, staying as the strongest one for the week, together with Sterling. Yen, Swiss
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