Euro is staying under selling pressure as Russia is continuing its invasion while Ukrainians are holding on defending their country. But selloff in Sterling has eased a little bit. Australia Dollar is extending recent rally as the best performer for the week. Canadian Dollar is following closely with help from BoC’s rate hike overnight, and
Month: March 2022
Occasionally the Institute of Trading and Portfolio Management like to have a bit of fun with their traders and students. On the night of Jan 10th-11th 2019 Anton Kreil Managing Partner of the Institute held a 10 Year Million Dollar Traders TV Show Anniversary Party. Donald Trump and Kim Jong Un Arm Wrestled, then Anton
GBP/USD steadies around 1.3350 amid Brexit hopes, eyes on Ukraine, US NFP GBP/USD bears took a breather around 1.3345-50 amid Brexit optimism during early Friday morning in Asia. Even so, the cable pair remains on the back foot for the second consecutive week as the US dollar cheers cautious mood in the market, mainly due
The major indices are trading mixed with the Dow industrial average up 0.34%. The S&P index of 0.16% while the NASDAQ index is down -0.56% currently. Tests the 200 hour moving average and stalls If you were to look at the hourly chart of the NASDAQ index above, the high for the day at 13837.59
Today, Fed Chair Powell testified again on Capitol Hill and with oil prices racing to $116+ before coming back off, the comments, seemed a felt a bit more concerning about inflation. Once again the Fed Chair expressed the likely 25 basis point rise but reiterated once again that if inflation remains elevated, he would be
New Delhi: Gold in the national capital on Thursday jumped Rs 271 to Rs 51,670 per 10 grams in line with strong international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 51,399 per 10 grams. Silver also gained Rs 818 to Rs 68,425
A person walks by a sign advertising employment at a fast-food restaurant on November 05, 2021 in New York City. Spencer Platt | Getty Images Initial claims for unemployment insurance totaled 215,000, the lowest tally since the beginning of the year and fewer than Wall Street estimates, the Labor Department said Thursday. Economists surveyed by
In this article BBY Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy on Thursday fell short of Wall Street’s fourth-quarter sales expectations, as it ran low on some popular holiday items and
Overall, market sentiment is rather stable today, with major European indexes just slightly lower, while US futures point to recovery. Benchmark treasury yields are also ticking slightly higher. WTI crude oil is retreating slightly after breaking 115 handle. Gold is gyrating in tight range above 1900. In the currency markets, Euro remains the weakest one
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There were 215,000 initial jobless claims in the US in the week ending on 26 February, less than the 226,000 expected and below the week prior, when there were 233,000 claims (revised up from 232,000), data published by the US Department of Labor (DOL) revealed on Thursday. Continued Claims in the week ending on 19
USDJPY bounces off the 100 hour moving average Meanwhile as Chair Powell testifies, the Forex markets are motion. Looking at the USDJPY, the pair did move lower on the comment from the Fed Chair of a 25 basis point March hike, but has since rebounded higher. The move of the move lower, was helped by
Composite PMI 55.6 vs 56.2 prelim A slight revision lower but it reaffirms a rebound in economic conditions as business activity rises at its quickest rate in five months. This is largely the fading of the omicron impact with business confidence also showing a marked improvement. That said, inflation pressures remain an issue with cost
March 3: Gold prices were flat on Thursday as risk appetite improved after the U.S. Federal Reserve chairman tried to assuage fears about aggressive interest rate hikes, offsetting safe-haven demand spurred by the Russia-Ukraine conflict. FUNDAMENTALS * Spot gold held its ground at $1,927.18 per ounce by 0117 GMT. U.S. gold futures rose 0.4% to
Signage at a Job News USA career fair in Louisville, Kentucky, June 23, 2021. Luke Sharrett | Bloomberg | Getty Images Private job creation rose at a faster-than-expected clip in February, according to a count released Wednesday from payrolls processing firm ADP. Companies added 475,000 positions for the month, better than the Dow Jones estimate
In this article SNOW CEO of Snowflake Frank Slootman arrives at the Allen & Company Sun Valley Conference on July 6, 2021, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images Snowflake shares dropped as much as 30% in extended trading on Wednesday after the data-analytics software company showed the slowest
The unique number of NFT buyers in February dipped below 800,000 for the first time since October, and search volume for nonfungibles also dropped significantly. According to data from CryptoSlam, there were 796,009 NFT buyers on secondary markets in Feb. (down 12% compared to Jan.) that accounted for roughly $2.6 billion worth of sales (down