Today is quarter end. The USD is ending the quarter mixed with declines vs the EUR , GBP , CHF and CAD and gains vs the JPY, AUD and NZD. Below is a technical summary of the major pairs in what was an up and down quarter for all of the pairs. I also outline […]
It quarter end. How did the major currency pairs vs the USD do? What levels to eye in 2Q Read More »
Markets: Gold down $10 to $1970 WTI crude oil up $1.14 to $75.51 US 10-year yields down 1 bps to 3.48% S&P 500 up 58 points to 4110 CAD leads, EUR lags When I think about this market, we came into January and everyone was worried about recession. By January, it was fears of inflation
Forexlive Americas FX news wrap: Dip in PCE inflation leads to a melt up in stocks Read More »
The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with Bloomberg News. “The future of finance is digital,” said the premier and finance minister Edward David Burt, who believes there are still considerable
Bermuda still open to crypto firms, says premier: Report Read More »
Gold prices rallied on Friday led by weakness in the greenback and lower bond yields as investors fixed their eyes on the US March inflation numbers. The dollar index dipped 0.5%, making gold more attractive for overseas buyers, while benchmark 10-year treasury yields. On MCX, April gold futures were trading at Rs 59,930 per 10
The inflation data from Eurozone and the US has left traders somewhat disappointed, as it triggered minimal volatility in the markets. Eurozone headline inflation slowed more than anticipated, while core inflation aligned with consensus. In the US, both headline and core PCE inflation fell short of expectations. Canadian Dollar also remained stagnant despite better-than-expected monthly
Inflation Data Fails to Stir Markets; Canadian Dollar Unmoved Read More »
People shop at the Pioneer Supermarkets on January 12, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty Images There’s one group of people that’s being disproportionality hurt by high inflation: women. The relentless rise in prices hurts women two-fold. First, a jump in child care prices
Paying more and earning less: How inflation disproportionately hurts women Read More »