Yen is the runaway winner today on massive safe-haven flows, which also pushed up treasury bonds. Meltdown in cryptocurrencies intensified further, as bitcoin barely holds on to 25k. Major European indexes are in deep red while US futures, in particular NASDAQ, are pointing to lower open. Benchmark treasury yields extend pull back, as US 10-year
Month: May 2022
Lumber at the site of a house under construction in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Bank regulators on Thursday proposed the first sweeping changes in more than 25 years to a controversial law
In this article BYND Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its first quarter as the launch of its new plant-based jerky weighed heavily
GBP/USD outlook: Cable falls to new 2022 low after weak UK GDP data added to negative sentiment Cable extends steep fall of past four weeks and probed below 1.22 handle to hit new 2022 low. Weak UK GDP data, released today, added to negative sentiment, fueled by risk aversion that continues to inflate the US
USDCAD corrects 38.2% of the move up from last week’s low The USDCAD moved lower into the NY open, but the price rebounded higher after the higher CPI data. However, the high price of the USDCAD stalled near earlier swing highs from yesterday and a late day swing high as well near 1.3038. Of note
The dollar and yen are sitting well firmer across the board as equities get shoved lower and bonds are bid. Commodities are mostly lower as well with cryptocurrencies also in turmoil. It’s shaping up to be a classic risk-off session in Europe today. EUR/USD is now down over 0.5% to 1.0445 to its lowest January
NEW DELHI: Gold prices gained mildly on Thursday as the yellow metal cheered the fall in US treasury yields after US consumer price data suggested inflation might have peaked in April. A weaker dollar makes gold attractive for overseas buyers, while lower Treasury yields reduce the opportunity cost of holding zero-yield bullion. Gold futures on
With the help from risk aversion and extended pull back in benchmark global treasury yields, Yen’s rebound is making some progress. US 10-year yield is back below 2.9% handle in Asian session while Germany 10-year bund yield also broke 1% yesterday. Euro and Dollar are still relatively firm on risk-off sentiment. On the other hand,
A worker grinds a weld on a safe that is being manufactured at Liberty Safe Company on March 22, 2022 in Payson, Utah. George Frey | Getty Images The Covid pandemic sent more than 8 million workers to the sidelines at one point, including many folks who decided it was the right time to retire
In this article RIVN Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported a jump in
The black gold is consolidating in a wider range of $92.77-110.33 with a mild positive bias. Oil prices are firmer above the 20-EMA at $103.14. The RSI (14) has rebounded sharply from the bearish range of 20.00-40.00. West Texas Intermediate (WTI), futures on NYMEX, is displaying back and forth moves in a narrow range of
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The USDCHF has been moving up sharply higher since bottoming on March 31 at 0.9194. The price is up 24 of last 28 trading days. Day 29 today is down after reaching a new cycle high yesterday at 0.99743. The move higher has seen the price move up some 780 pips over that time period.
If ya’ll are finished trashing stocks, here is what’s on the economic calendar due from Asia on Thursday 12 May 2022: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month) result. The number in
May 11: Oil edged lower in early Asian trade on Wednesday, sustaining the previous session’s weakness that was caused by risks to demand from an economic recession and on uncertainty about an embargo on Russian oil by the European Union. Brent crude was down 86 cents, or 1.1%, at $101.60 a barrel by 0002 GMT.
As initial reactions to higher than expected headline and core CPI readings, Dollar is trying to resume its near term advance, which stocks futures are paring gains. The question is how sustainable the rally could be. Euro was rather indifferent to hawkish comments from ECB officials, who continued to talk up the chance of a
Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a
In this article DIS In this photo illustration a close-up of a hand holding a TV remote control seen displayed in front of the Disney+ logo. Thiago Prudencio | SOPA Images | LightRocket | Getty Images All eyes will be on Disney’s streaming numbers when the company reports its fiscal second-quarter earnings results after the
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