Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Household debt rose by its highest dollar amount in 14 years during the second quarter, thanks mostly to a surge in the housing market that brought the collective
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Nikola Motor Company Source: Nikola Motor Company Electric vehicle start-up Nikola Corp. reported a narrower-than-expected loss for the second quarter, as the company continues vehicle validation testing and progresses toward delivering its first trucks to customers. Here’s how Nikola did compared with what Wall Street expected based on average estimates compiled by Refinitiv. Adjusted results:
EUR/USD offers both a bullish and bearish prospect from a daily perspective. Bears will take into account possibilities of a deeper correction in DXY above 92.20. EUR/USD has something for everyone. At first glance, the pair looks to be setting up for a daily bullish continuation. However, the elephant in the room is the bearish daily
The state of cryptocurrency regulation in Russia has taken another twist as a local court has ordered the country’s largest bank to resume account support for a Bitcoin (BTC) trader. Sverdlovsk regional court, a court in Russia’s fourth-largest city of Yekaterinburg, has ordered Sber, formerly known as Sberbank, to unblock account services to a client
Oil down in the early stages of the week but selling pressure is contained The low today hit $70.97 in the past hour but oil is seeing a light bounce back to $71.30 now as price is down 0.2% today. Sellers remain in near-term control after having breached below both key hourly moving averages yesterday.
How will Treasury yields fare in the days ahead? Invest in yourself. See our forex education hub. The market will have a key debate to sort out in the coming weeks, as the countdown to the much anticipated Jackson Hole symposium begins. For now, Treasury yields are continuing to track lower as the trend has
NEW DELHI: Gold prices were trading with big cuts in the domestic market today, following weaker global cues. A steady dollar pushed the yellow metal lower. Gold futures on MCX were down 0.37 per cent, or Rs 178, at Rs 47,908 per 10 gram. Silver futures traded 0.61 per cent, or Rs 411, lower at
Surprisingly, the RBA remained optimistic about the economic outlook despite the lockdown in various states over the past weeks. At today’s meeting, the members decided to go ahead with QE tapering from September and upgraded economic forecasts. The central bank maintained a upbeat view over Australia’s economy. As governor Philip Lowe suggested, “the experience to
Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Volkswagen posted record first-half earnings on Thursday while also raising its target for profit margin. The results are a marked improvement from the same period last year when demand was ravaged
EUR/USD has been hovering below 1.19 as investors are concerned about growth prospects. In the view of economists at HSBC, the contrast in Federal Reserve (FEd) and European Central Bank (ECB) policy narratives could be enough for EUR/USD to challenge the 2021 year-to-date low. Balance of risks is still primed for EUR weakness “We look
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Welcome to Technical FX Youtube Channel. In this video James shares his secrets to how he mastered price action, which is one of the most important parts of being able to trade! You can find all price action in our free course here: www.technicalfx.co.uk We hope you enjoy this video and make sure you subscribe
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The low last week was at 0.90384. The USDCHF traded to a low today of 0.90369. That took out the Friday low of 0.90384 but only by a pip and 1/2. That is not what traders expect on a new low. The price has rebounded modestly over the last three hours and currently trades at 0.9052 (14-15 pips
The eviction moratorium is over The eviction moratorium is now over. That moratorium prevented landlords from evicting residents who did not pay their rent. Now with moratorium over, landlords could evict residents who owe back rent or don’t pay the current rent. Directing advisors to assemble all agencies to re-examine authorities that could stop evictions is calling on states, localities to
New Delhi: Gold in the national capital on Monday dipped Rs 124 to Rs 46,917 per 10 gram amid a decline in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,041 per 10 grams. Silver went marginally lower by Rs 18
Sterling is notably lower today in otherwise mixed markets. Euro is also firm, with help from recovery against the Pound. Aussie is the stronger one, mainly because it’s paring last week’s losses. Upside is so far limited ahead of tomorrow’s RBA monetary policy decision. On the other hand, Swiss Franc softens mildly, paring some of
In this article HSBA-GB Pedestrians wearing protective masks walk past a logo displayed at a HSBC bank branch in the central district of Hong Kong. Roy Liu| Bloomberg | Getty Images HSBC is scheduled to release its financial report card for the first half of 2021 at 12 noon Hong Kong/Singapore time on Monday. Analysts