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Month: September 2021
NASDAQ down for the second consecutive day The US major indices are all closing lower with the Dow and S&P down for the fourth straight trading day. The NASDAQ has been down for two consecutive days A look at the closing levels shows: Dow industrial average fell -150.84 points or -0.43% at 34880.23. The low
Asian equities higher alongside US futures Risk tones are looking better as the week winds down, with Asian equities bouncing back after heavy losses yesterday with the Hang Seng tech index battered after China’s latest clampdown on the gaming industry here. The rebound today sees the likes of Tencent, NetEase, and Alibaba lead the charge
A new poll has found that 27% U.S. residents support the government recognizing Bitcoin as legal tender. According to a poll from research and data analytics firm YouGov, 11% of respondents “strongly support” the idea that Bitcoin should be used as legal tender in the United States and a further 16% of respondents would “somewhat
SINGAPORE: Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1% after China announced plans to sell crude from its strategic reserves. Brent crude futures for November rose 44 cents, or 0.6%, to $71.89 a barrel
Overall, the forex markets are rather mixed as we’re heading towards the weekend. Euro is staying weak in European crosses, but selling slowed against Dollar and Yen. Meanwhile, commodity currencies are trading mildly higher, but remain the worst performers for the week. Dollar turned weaker against Swiss Franc and Yen, but there is no range
People walk by a GameStop store in Brooklyn on January 28, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Video game retailer GameStop said Wednesday its fiscal second-quarter losses narrowed as sales rose from a year ago. Shares of the company fell about 2% in extended trading. For the
USD/CNH prints three-day downtrend, bears attack weekly bottom. Descending RSI line, not oversold, joins SMA breakdown to back the sellers. Convergence of six-week-old support line, 61.8% Fibonacci retracement becomes a tough nut to crack for bears. USD/CNH takes offers around 6.4400, down 0.17% intraday during the three-day fall ahead of Friday’s European session. In doing
The last 6 hours has seen the price stay above the 200 day MA and 100 hour MA The NZDUSD traded yesterday between its 200 day moving average above and 100 day moving average below (at 0.71138 and 0.70778 respectively). Traders were waiting for the break and run. At least that is the hope. Today, the break came
U.S. Treasury auctioned calendar for the week concludes with the granddaddy of them all The U.S. Treasury will will auction off $24 billion of 30 year bonds at the top of the hour. The 30 year issue is the longest of the treasury issues. It’s the granddaddy of them all. The six month averages of
NEW DELHI: Following global trends, gold was trading lower on Thursday. A strong US dollar weighed on the sentiments, whereas investors awaited a policy decision by the European Central Bank (ECB) due later in the day. Gold futures on MCX were down 0.25 per cent, or Rs 118, at Rs 46,920 per 10 gram. Silver
Euro tumbles notably against European majors and Yen today, and ECB’s re-calibration of PEPP purchases provide no support. But Dollar is seen as equally weak. Sterling is currently the star performer for today, followed by Swiss Franc and Yen. Commodity currencies are mixed. Focuses will now turn back to development in stocks and bonds markets,
Health conscious American millennials have found their drink of choice: alcoholic carbonated water that is lower in calories and carbs than beer and wine. A hard seltzer craze is sweeping the United States as Generation Y and Generation Z pursue healthier lifestyles, influenced by viral trends on Instagram and YouTube. TIMOTHY A. CLARY | AFP
As expected, the European Central Bank (ECB) kept its key interest rates unchanged and announced a slow down in the pandemic purchase program from the fourth quarter. According to analysts from Danske Bank, the current rise in inflation is still seen as largely temporary by the ECB. They largely share with the central bank the cautiously
What are the most profitable ways to trade the forex markets? What are some of the most profitable Forex Trading Strategies In this video, Adam Khoo shows you how he identifies the best forex trade setups daily and shares his forex trading strategies What does it take to be a successful forex trader? In this
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Crypto Gaming United, a startup aiming to build a global community of nonfungible token (NFT)-focused play-to-earn gamers, hraised $5 million in an oversubscribed seed funding round. A Sept. 8 announcement notes the round was led by famed Australian venture capitalist Mark Carnegie and Chrono.tech CEO Sergei Sergienko — with the pair having co-founded the crypto-focused
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