USD/CAD oscillated in a narrow trading range through the mid-European session. A breakout through a falling wedge pattern supports prospects for additional gains. Bulls might aim for a move beyond the 1.2700 mark and test the 1.2745 supply zone. The USD/CAD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the
Month: March 2021
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Bitcoin (BTC) price sliced through the $50,000 resistance level during the early trading hours on March 3 as bulls found their momentum and the majority of altcoins joined in on the rally as the day progressed. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin was trading at $48,500 in the early
Looks to close back below the 200 day MA for the 2nd time in 5 trading days The price of Amazon has dipped below the $3000 price level for the 1st time since early November. The low price in November reached $2950.12. The September low reached $2871. . There is a bounce however with the price currently trading
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NEW YORK: Oil prices rose more than 2% on Wednesday, boosted by a huge drop in US fuel inventories and expectations that OPEC+ producers might decide against increasing output when they meet this week. US gasoline stocks fell last week by the most on record and refining output fell to a record low in the
Dollar recovers in early US session as sluggish ADP job growth drags down stock futures. Additionally, treasury yields are having a mild rebound. At this point, Sterling is following as the strongest followed the day, then Canadian. New Zealand Dollar is leading Australian Lower, followed by Swiss Franc and Yen. Eyes will now be on
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart said Wednesday that it plans to back American manufacturers by spending an additional $350 billion over the next decade on items that are made, grown
Frank Slootman, CEO, Snowflake Source: CNBC Snowflake shares fell as much as 7% before erasing most of the decline in extended trading on Wednesday after the data analytics software company gave full-year guidance that met but did not exceed analysts’ estimates. The stock had already dropped about 9% during regular trading Wednesday, amid a broad
German Chancellor Angela Merkel met with the 16 state premiers on Wednesday to discuss the gradual easing of coronavirus curbs in the country. Though some measures could be lifted, most of the current restrictions were expected to be extended until March 28. Merkel has recently been vocal about setting the path for gradually easing lockdown and said
EUR/USD cracks below its 100-day moving average and trendline support Invest in yourself. See our forex education hub. Price hits a session low of 1.2005 and is holding just above the 1.2000 level for now, but sellers are pushing the agenda as they are trying to keep a break below the 100-day moving average (red
There’s a feeling the bond market wants to extend the selloff from last week but it hasn’t gotten the nod just yet After having threatened to take action with PEPP and offering some strong remarks in recent days, the earlier report on the ECB suggests that such efforts are where they will draw the line
NEW DELHI: Gold futures on Wednesday fell by 0.58 per cent to Rs 45,284 per 10 gram as participants offloaded their holdings on a low spot demand. On the Multi Commodity Exchange, gold prices for April delivery slipped by Rs 264, or 0.58 per cent, to Rs 45,284 per 10 gram in a business turnover
The markets are relatively mixed so far. Dollar’s rally attempt was brought to a halt overnight while Euro and Swiss Franc recovered. Commodity currencies also recovered, as led by Aussie, with support from better than expected GDP data. Yet, major pairs and crosses are kept in tight range. In other markets, Asian stocks rises broadly
Restaurant workers wearing faceshields, facemasks and gloves prepare food at the reopening of iconic LA restaurant Pink’s Hot Dogs on March 1, 2021 in Los Angeles, California. Frederic J. Brown | AFP | Getty Images The U.S. economy has roared back to life in 2021, with first-quarter growth set to defy even the rosiest expectations
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in 2021. Facing pressure from activist investors, the company said it will reinstate its dividend and