What you need to take care of on Friday, July 29: Thursday was another volatile day, with financial markets struggling for direction. The dollar remained under pressure during Asian trading hours, resurged during the European session and came again under pressure in the American afternoon. The greenback’s intraday advance could be attributed to renewed recession-related […]
Forex Today: Technical recession is not a recession? Read More »
Yen rises strongly today, and buying intensifies in early US session, after surprisingly poor US GDP data. Benchmark treasury yield in both the US and Germany tumble sharply, aiding Yen’s advance. Swiss Franc is also strong For now, Euro is the worst performer for today, as selling started earlier in European session already, while Sterling
Yen Surges after Shocking US GDP Data Read More »
The strongest to weakest of the major currencies The JPY is the strongest and the EUR is the weakest as the NA session begins and the day after the FOMC rate hike of 75 basis points where Chair Powell’s comments on rate dependency were met with positive ears from the market given the back off
The JPY is the strongest and the EUR is the weakest as the NA session begins. Read More »
When I think about today’s GDP report, the implications are probably larger in politics than in markets. It could mean a second consecutive quarter of negative real growth in the US, which fits the definition of a recession. At the same time, the NBER — who is for some reason the arbiter of recessions in
All eyes on US GDP as recession talk swirls Read More »
In this article CMCSA NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast reported second-quarter revenue and earnings that topped analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever. Comcast’s high-speed internet customers in the quarter were flat,
Comcast fails to add broadband subscribers for first time ever as economy slows Read More »
NEW DELHI: Gold prices extended their gains on Thursday as comments from the US Federal Reserve chair Jerome Powell on future interest rate hikes sounded less hawkish than feared, dragging dollar and treasury yields lower. The US central bank on Wednesday raised rates by three-quarters of a percentage point for the second straight meeting to
Gold rate today: Yellow metal trades flat, silver stays below Rs 55,000 Read More »