Dollar trades broadly lower again today, as pressured by generally positive risk-sentiment. Yen is following as the next weakest. Canadian Dollar is also soft as WTI crude oil is struggling below 90 handle. On the other hand, Australian Dollar and New Zealand Dollar are trading broadly higher. Sterling and Swiss Franc are mixed for now.
Month: February 2022
Crude oil rises to 100 hour MA and finds sellers The price of crude oil fell to the lowest level since February 3, breaking below the low price from yesterday at $88.49, and an earlier low today at $88.60. That move fell below a swing area between $88.52 and $88.84 (see green numbered circles).
The quick fall in omicron cases is leading to the removal of covid measures in much of North America but the opposite is taking place in greater China. Hong Kong today announced 1161 new confirmed covid cases, nearly double yesterday’s number (which was also a record). The government is struggling with how to deal with
New Delhi: Gold prices spurted by Rs 247 to Rs 48,403 per 10 grams in the local market here on Wednesday amid gains in the metal in international markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,156 per 10 grams. Silver also rallied by Rs 825 to
Atlanta Federal Reserve President Raphael Bostic said Wednesday he anticipates hiking interest rates three or four times this year, but he stressed that the central bank isn’t locked into a specific plan. Speaking on CNBC’s “Squawk Box,” the policymaker signaled a view that is less aggressive than the market’s on rates. “In terms of hikes
In this article YUM Customers wearing Taco Bell foam taco hats exit the company’s restaurant, a unit of Yum! Brands Inc. in Bangkok, Thailand. Brent Lewin | Bloomberg | Getty Images Yum Brands on Wednesday reported mixed results for its fourth quarter as higher costs weighed on profits, leading to an earnings miss. Shares of
Spotify shares fall nearly 4% on Tuesday as Joe Rogan spat stays in headlines. SPOT stock has been falling since earnings last week. Bank of America now adds to woes as it cuts price target to $262. Spotify (SPOT) shares remain under pressure with another significant fall on Tuesday. The stock has not been producing much positive news
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Many religious denominations now offer interactive digital locations to supplement traditional services, but unique to COVID-19 is the opportunity to experience spirituality in an immersive 3D environment through virtual reality (VR) technology. As per a report by NZ Herald, Garret Bernal and his family were reportedly absent from a recent Sunday service during their quarantine
Australian Dollar rises further again with help from risk-on sentiments in the US and Asia. On the other hand, Dollar turns soft despite rising treasury yields. Canadian Dollar is dragged down slightly by oil prices. Other parts of the forex markets are mixed. Euro is still in consolidation against, and cautious comments from ECB officials
The major US stock indices are trading near their highs for the day. A snapshot of the market currently shows: Dow industrial average up 352.54 points or 1.01% at 35447.29 S&P index up 34 points or 0.75% at 4518.00 NASDAQ index up 158.18 points or 1.13% at 14174 point Dow Jones industrial average traded above
Reports on Tuesday that China’s ‘National Team’ was on the bid to support equities helped further stabilise mainland and Hong Kong stock markets today. The Hang Seng added circa 1.5% while the Shanghai Composite inched up by 0.2%. Japan’s Nikkei225 gained just shy of 1%. US yields did not climb further here, eyes are turning
SINGAPORE: Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate
A customer counts his cash at the register while purchasing an item at a Best Buy store in Flushing, New York. Jessica Rinaldi | Reuters Consumers ended 2021 with record levels of debt, leading into a year in which interest rates are expected to rise substantially. Total debt at the end of the year came
In this article CMG A customer carries a Chipotle bag in front of a restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is expected to report its fourth-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by
Canadian Dollar is currently the weakest one for today, following the pull back in oil prices. Japanese Yen is following as European and US yields are apparently trying to outpace benchmark JGB yield again. On the other hand, Aussie is trading slightly firmer, together with Kiwi and Dollar. Euro is paring some of the post-ECB
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