Euro is trying to extend recent rally, but the gains also so far concentrated against Sterling and Swiss Franc. Persistent flow of hawkish comments from ECB official is support the common currency nevertheless. Australian Dollar and Yen are currently the stronger ones for the day. The Pound, Franc and Dollar are the weaker ones. Technically,
Month: August 2022
A “Now Hiring” sign is posted at a Home Depot store on August 05, 2022 in San Rafael, California. Justin Sullivan | Getty Images There were nearly 1 million more job openings than expected in July, an inflationary sign that the U.S. labor market is still extremely tight, the Bureau of Labor Statistics reported Tuesday.
In this article BBY Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the fiscal second quarter, as the retailer felt a pullback from inflation-weary shoppers. The company’s shares rose about 2% Tuesday afternoon, after
Gold meets with a fresh supply on Tuesday and drifts back closer to a one-month low. Aggressive Fed rate hike bets continue to drive flows away from the non-yielding metal. Retreating US bon9d yields, a weaker USD does little to impress bulls or lend any support. Gold struggles to capitalize on the previous day’s goodish
USDJPY runs higher and tests the 2022 highs The USDJPY moved up to a high of 139.00 today. The pair extended above the high from July 21 at 138.87. The high price from July 14 reached 139.384. That was the highest level for the year and the highest level going back to 1998. The current
The dollar is softer on the day now as we are seeing major currencies climb higher against the greenback. This comes as equities are gaining some ground, as some of the post-Jackson Hole moves are locking up and turning the other way. EUR/USD just a hit a high of 1.0030 after hanging around parity with
The family of the world-renowned painter Frida Kahlo released never before seen art and memorabilia tied to the artist into the metaverse. The content debuted in a permanent exhibition during the third-annual Metaverse Art Week in Decentraland, held on Aug. 24–28. Metaverse users are now able to experience the art, along with personal anecdotes told
NEW DELHI: Gold prices in the domestic market traded lower, bucking the global trend, thanks to a weaker rupee. However, the weakness in the dollar curbed the losses. The dollar index was off a two-decade high hit on Monday, while the benchmark 10-year yields pulled back from a two-month high hit in the previous session.
The markets are generally quiet in Asian session today. Euro surged notably yesterday as traders raised their bets on ECB rate hike next week, with some expecting a 75bps increase. But there is no clear follow through buying for now. While Dollar is paring some recent gains, loss is also limited. For now, Sterling, Swiss
The U.S. economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University, and that’s not necessarily because of higher interest rates. “We will have a recession because we’ve had five months of zero M2 growth, money supply growth, and the Fed isn’t
NZD/USD picks up bids to refresh intraday high, extends recovery from six-week low. Impending bull cross signals further upside, 50-SMA adds to the upside filters. Sellers have a bumpy road to the south before testing yearly low. NZD/USD refreshes intraday top around 0.6180 while extending the previous day’s rebound from a 1.5-month low during Tuesday’s
The Only Smart Money Strategy You Will Ever Need in Forex [ 4 EASY RULES ] Welcome back to my channel. In todays video I reveal one of my strategies that uses Smart Money concepts for the forex market. If you follow the 4 Easy Rules you will be profitable in no time. We use
Forex is simply a short form for foreign exchange. It is the exchange of one currency for another Locally, when we go to the bank to exchange one currency for another, we just partook in foreign exchange. But digitally, we trade forex by using a certain mobile application. We gain access to the forex market
NZDUSD corrects to a swing area with more work to do. The NZDUSD held resistance last week against the 200 hour MA. On Thursday, the run higher stalled ahead of the level. On Friday, the price moved right up to the level and backed off (after the core PCE data). On Friday, the selling was
The major US indices are opening lower with the major indices down about -0.8% A snapshot of the market currently shows: Dow industrial average -258 points or -0.8% at 32025.36 S&P index -30.29 points or -0.75% at 4027.37 NASDAQ index -98.29 points or my 0.1% at 12043.42 Russell 2000-18.96 points or -1.0% at 1880.87 Looking
Gold price in the national capital fell Rs 365 to Rs 51,385 per 10 grams on Monday reflecting a decline in international precious metal prices along with rupee depreciation, according to HDFC Securities. The yellow metal had closed at Rs 51,750 per 10 grams in the previous trade. Silver also plunged by Rs 1,027 to
Euro is staging a strong come back today, as supported by hawkish comments from ECB officials over the weekend. In short, a 50bps rate hike looks like that base case for ECB meeting next week, with some possibility of a 75bps hike. Dollar is reversing some gains in spite of risk-off sentiment. The clearer trend
A dramatic USD turnaround from a 20-year high prompts some short-covering around GBP/USD. Hawkish Fed expectations, rising US bond yields and the risk-off mood should limit the USD losses. The UK’s gloomy economic outlook suggests that the attempted recovery is likely to be short-lived. The GBP/USD pair stages a goodish bounce from the 1.1650-1.1645 region,
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