NZD/USD struggles to extend corrective pullback from 1.5-month low, steadies of late. Recession woes, hawkish central bankers underpin bearish bias. Market’s consolidation amid a light calendar triggered the Kiwi pair’s corrective bounce. US CB Consumer Confidence for August, Fedspeak will be important for intraday directions. NZD/USD treads water around 0.6150, after bouncing off a 1.5-month
Month: August 2022
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
The creators of Three Arrows Capital are missing, according to reports, when court-appointed liquidators visited the firm’s Singapore headquarters recently, all they discovered was a locked door and a stack of outdated mail. Singapore-based 3AC is among the flagship cryptocurrency firms that have crumbled under bear pressure and faced liquidity issues driven by the market
USDCHF tests a swing area and the 100 day/100H MAs The USDCHF has seen a move higher that extended the gains from Friday. The pair moved to the highest level since July 21 and above the 0.9700 level in the process. The price has rotated back to the downside with the decline moving back to
ECBs Lane is on the wires saying: The new phase of policy will consist of meeting by meeting (MBM) approach to setting interest rates vs rate forward guidance. inflation is expected to remain high in the near term cyclical inflation forces will be subject to push – pull dynamics a steady pace in closing the
In this article GPS An employee hands a customer a shopping bag at an Old Navy store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. on Thursday withdrew its financial outlook for the year after it swung to a net loss in the fiscal second quarter and its Old Navy
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
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers a speech at the central bank’s annual economic symposium in Jackson Hole, Wyoming, on Friday at 10.a.m. ET. Market participants have eagerly awaited Powell’s
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Is Saudi Aramco (TADAWUL: 2222) looking to diversify its income sources after soaring oil prices helped it deliver record-high earnings in the second quarter? Saudi Aramco saw its net income nearly double during the three-month period to 173.80 billion Saudi riyals ($46.28 billion) from 90.90 billion riyals. President and CEO Amin Nasser said increasing demand
Dollar is staying soft in consolidation today, as traders are clearly still cautiously waiting for rate clues from Fed Chair Jerome Powell’s Jackson Hole speech tomorrow. Yen is also mixed despite surging benchmark treasury yields. Movements are mainly found in Aussie and Kiwi, on rallies, which are lifted by China’s new stimulus plan. On the
The Jackson Hole symposium is kicking off officially today. That means central bankers will be speaking. The course Fed chair Powell will be the highlight tomorrow when he addresses the attendees at 10 AM ET. So what levels are in play today? EURUSD trades back below the 100 hour MA after the “try” above failed.
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In this article NVDA Nvidia reported second quarter earnings that missed Wall Street expectations for revenue and earnings per share. The report is in line with Nvidia’s preliminary earnings two weeks ago. The chipmaker warned that it would miss Wall Street estimates and that growth had slowed significantly because of disappointing gaming sales driven by
Gold prices on Thursday rose by Rs 402 to Rs 52,297 per 10 grams amid strong global cues, according to Securities. The yellow metal had closed at Rs 51,895 per 10 grams in the previous trade. Silver also rallied Rs 711 to Rs 56,191 per kg from Rs 55,480 per kg in the previous trade.
The U.S. needs to return to the kind of economic and productivity growth it saw in mid-20th century to boost public spirits, according to a Nobel Prize-winning economist. “We badly need to get back to economic growth,” Edmund S. Phelps, director of the Center on Capitalism and Society at Columbia University, told CNBC’s “Squawk Box
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