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Month: June 2022
EURUSD bounces ahead of the 38.2% retracement The EURUSD move sharply lower on the back of the run into the USD after stronger data today. The price moved down to and through recent swing lows at 1.06787, 1.0661 and the swing area between 1.0633 to 1.0641. What was not reached was the 38.2% of the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Strong rally in USD/JPY is the main focus in Asian session today, following the strong rebound in benchmark US treasury yields. Yen is also staying as the weakest one. But for now, Canadian Dollar and Australian Dollar are both stronger than the greenback. The Loonie’s rally slowed some what as WTI crude oil was rejected
In this article GME A GameStop location in New York, Dec. 23, 2021. Scott Mlyn | CNBC GameStop reported $1.38 billion in revenue in its fiscal first-quarter earnings report Wednesday, up slightly from the $1.27 billion it reported in the year-ago quarter. But, it also reported a $157.9 million net loss, which is worse than
Binance CEO Changpeng Zhao, also known as CZ, expressed skepticism around the revival plan for the Terra ecosystem and the launch of the new LUNA token. “I try not to predict what the community will do. […] Many are skeptical. I’m one of those guys,” said CZ in an exclusive interview with Cointelegraph. Following the
New Delhi, Jun 1 (PTI) Gold in the national capital on Wednesday declined by Rs 353 to Rs 50,509 per 10 grams amid muted global trends along with rupee appreciation, according to Securities. In the previous trade, the precious metal finished at Rs 50,862 per 10 grams. Silver dipped Rs 123 to Rs 60,834 per
EUR/USD appears under pressure in the low-1.0700s. The resistance line around 1.0790 caps the upside so far. EUR/USD remains slightly on the defensive, although it manages well to keep the trade above the 1.0700 m ark so far on Wednesday. The surpass of the 3-month resistance line, today around 1.0790, should see the downside pressure
GBPUSD falls away from its 200 hour moving average The GBPUSD has pushed back below its 200 hour moving average 1.25765. Earlier today, the price found support buyers against that level (the moving average also stalled the fall during yesterday’s trade). However, toward the end of the London morning session the price fell below the
Prior was 59.2 Business confidence at lowest since Oct 2020 Rate of cost inflation at highest in six months Near-record rise in output costs New orders rose sharply in May Export orders rising at the slowest rate for four months Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said: “A solid expansion of
Australian Dollar is leading commodity currencies higher again, on the back of positive market sentiment. The Aussie is additionally support by better than expected GDP data, which affirms the case for more RBA rate hike. Canadian Dollar is also firm, awaiting BoC’s hawkish rate hike. Yen is the worst performing one, following the rally in
In this article VSCO Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret reported a quarterly profit that topped Wall Street expectations on Tuesday, but warned that it could continue to face supply chain and sales challenges for the remainder of
Billionaire Elon Musk and Dogecoin (DOGE) co-founder Jackson Palmer are locked in battle on social media over Palmer’s claim that he could remove Twitter bots with a simple Python script. Australian Palmer said in an interview that his script was capable of automatically tweeting replies to scam tweets as a way of indicating that users
Saudia Arabia, Russia and their allies are likely to stick to their policy of modest oil output increases when they meet Thursday after the EU banned most imports from Moscow. European Union leaders agreed on Monday to ban more than two-thirds of Russian oil imports, tightening economic screws on the country over its invasion of
Australia’s first-quarter Gross Domestic Product data has been released as follows: Aussie GDP Australia Q1 real GDP +0.8 pct QoQ, seasonally adjusted,s/adj, (Reuters poll +0.5 pct).Australia Q1 real GDP +3.3 pct YoY, s/adj (Reuters poll +2.9 pct).Australia Q1 final consumption expenditure +1.9 pct, s/adj.Australia Q1 gross fixed capital expenditure +0.7 pct, s/adj.Australia Q1 chain price index
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