US equities surged in late trade after a broadly positive session as Fed bets eased after softer wage data. The S&P 500 lept to close above the 4400 level again to close 2.4% higher and end the week positive. Apple led the charge after positive Q4 earnings and record iPhone sales. US equity markets posted
Month: January 2022
NZDUSD enters a swing area going back to 2020 The NZDUSD is working on the 7th consecutive day to the downside and 9 of the last 11 days. The close from yesterday was at 0.6594. The current price is at 0.6546 so notching the 7th day lower is looking good. Since the high on January
NEW DELHI: Gold prices were flat on Friday, marginally higher, but the yellow metal is set for its sharpest weekly decline since November 2021. Markets digested the US Federal Reserve’s policy tightening plans for 2022 that propelled the dollar index to a multi-month peak. Gold futures on MCX gained 0.10 per cent or Rs 46
In this article MCD Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.34 expected
In today’s episode of Forex Trader Starts from scratch I decided to go out in the streets to hustle, with the goal of funding my forex account. This challenge was inspired by the many traders who can’t afford to fund their forex accounts. My video is merely here to show you all that it is
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In the world of digital finance, where the weapon of choice for a heist is a computer rather than a semi-automatic firearm, tracking down scams and frauds from across the world becomes a near-impossible feat for centralized police forces. However, in an interview with Cointelegraph, an anonymous cyber vigilante shares insights into how he went
The USD/JPY slides 0.15% as investors prepare for the weekend. The greenback finished the week above 97.00 for the first time since June 2020. USD/JPY is upward biased, but the pair could print a leg-down before resuming the uptrend. As Wall Street closes, the USD/JPY slides ahead of the weekend, spurred by the US 10-year
USDCAD returns to the high from yesterday The USDCAD has been up 4 of 5 days this week. The low was made on Monday at 1.2553, and that level was tested again ahead of the Bank of Canada decision on Wednesday when the low reached 1.2558 (just 5 pips from the low). The BOC kept
Headlines are crossing now about the Iran nuclear deal, saying they’re at the point where political decisions are needed. That’s another signal of progress and it highlights that a deal is possible. But it will come down to the White House and what they’re prepared to give up. Oil is at $88 and that gives
Mumbai: India’s gold consumption surged to 797.3 tonnes in 2021, on the back of recovery in consumer sentiments and pent-up demand post COVID-19-related disruptions and the bullish trend is set to continue this year as well, according to the World Gold Council (WGC). WGC in its Gold Demand Trends 2021 Report said India’s total gold
In this article LUV Passenger wait in-line in front of Southwest Airlines counters at Ronald Reagan Washington National Airport on October 11, 2021 in Arlington, Virginia. Alex Wong | Getty Images Southwest Airlines expects to lose money in the first quarter after the omicron variant of Covid-19 hurt staffing and bookings, but it said profits
The Australian dollar fell off the cliff against the Japanese yen, down 0.77%. Market sentiment has improved in the session, but in the FX market, safe-haven peers rise. AUD/JPY bears look forward to a Weekly/Friday close below 80.70, which would increase the odds for a fall towards 78.78. On Friday, as the North American session
Today is the seventh consecutive day of declines in NZD/USD. Even with a better mood in markets today, the pair is down 40 pips to 0.6542. Yesterday it was largely a broadly strong US dollar pushing the pair down but the kiwi is uniquely soft today, along with the Australian dollar. The weekly NZD/USD chart
The 3 major indices (Dow, S&P and Nasdaq) rode a wave of buying higher on the day, closed at the highs and just like that, erased the declines for the week. The Dow, S&P and Nasdaq each had best day of the new year Dow and S&P posted their first weekly gain in four weeks
Oil posted its sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring start to 2022. West Texas Intermediate rose 2% for the week as robust demand tightened global markets. As supply remains constrained, a chorus of Wall Street banks and oil executives are forecasting a return to $100
The seal for the International Monetary Fund is seen near the World Bank headquarters (R) in Washington, DC on January 10, 2022. Stefani Reynolds | AFP | Getty Images The International Monetary Fund has downgraded its global growth forecast for this year as rising Covid-19 cases, supply chain disruptions and higher inflation hamper economic recovery.
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