It will be a close call but the Nasdaq is threatening to trace out an outside week on the weekly chart. We tracked lower on Tuesday in the appreviated week as part of a seven-day losing streak but we’ve had three strong days of gains since. That’s nearly traced an outside week. To complete it,
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Markets: S&P 500 up 61 points, or 1.5%, to 4067 US 10-year yields up 2.5 bps to 3.31% WTI crude oil up $2.78 to $86.32 Gold up $8 to $1715 AUD leads, USD lags The economic highlight was the Canadian jobs report and for the second month, it stumbled. That may begin to give the
In this article GME SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that
Gold traded in a broad range but managed to end with a modest gain last week bringing a halt to its 3-week losing streak. Gold traded in a narrow range near $1700/oz and ended the week with a modest 0.3% gain. Gold along with other commodities edged up last week as market players moved from
“Quiet quitting” is having a moment. The trend of employees choosing to not go above and beyond their jobs in ways that include refusing to answer emails during evenings or weekends, or skipping extra assignments that fall outside their core duties, is catching on, especially among Gen Zers. Zaid Khan, 24, an engineer from New
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AUD/JPY is eyeing a fresh seven-year high at 97.00 as RBA-BOJ policy divergence widens. Investors should brace for upbeat Australian GDP data ahead. A decline in households’ consumption indicates a loss of consumer confidence in the Japanese economy. The AUD/JPY pair is aiming to refresh its seven-year high at around 97.00 as a rate hike
Yen’s selloff is the main theme today with USD/JPY hitting the highest level in 24 years, above 140 handle. Australian Dollar quickly turns softer after RBA delivered an expected rate hike. On the other hand, Sterling is getting a lift after Liz Truss is set to become the next UK Prime Minister while Euro remains
21.co, the new parent firm of exchange-traded products (ETP) provider 21Shares, has become “Switzerland’s largest crypto unicorn,“ the firm announced on Tuesday. It raised $25 million in a funding round led by London-based hedge fund Marshall Wace. The new funding brings the firm’s valuation to $2 billion. 21.co is designed to unite 21Shares with third-party
AUDUSD falls below the 50% midpoint The AUDUSD is losing ground to the downside and has now broken back below its 50% midpoint of the move up from the March 2020 pandemic shut-down low. That level comes in at 0.6756. The current prices trading at 0.6740. The low price reached 0.6737. Sellers are looking to
The major indices in the US are opening higher but after a few minutes of trading, the NASDAQ has now dipped into negative territory. The index is trading above and below the unchanged level. The NASDAQ index has been down for 6 consecutive days. The S&P and Dow industrial average have been down 5 of
The logo of Swedish payment provider Klarna. Thomas Trutschel | Photothek | Getty Images Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to a deluge of negative news for the “buy now, pay later” pioneer. The Swedish payments firm generated revenues of 9.1 billion Swedish krona ($950 million) in
Gold rose by Rs 107 to Rs 51,092 per 10 gram in the national capital on Tuesday amid depreciation in the rupee, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 50,985 per 10 gram. Silver also jumped by Rs 563 to Rs 54,639 per kg. The rupee depreciated
Is the U.S. economy showing no signs of a recession or hurtling inescapably towards one? Is it in fact already in one? More than a month after the country recorded two successive quarters of economic contraction, it still depends who you ask. Steve Hanke, professor of applied economics at Johns Hopkins University, believes the U.S.
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