Societe Generale Research discusses the EUR/USD outlook and maintains a bearish bias into year-end. “Open your eyes, look up to the skies and see; Europe’s caught in a landslide: The ECB’s monetary policy matters less, than President Putin’s gas export strategy. Nordstream 1 came back online yesterday, but markets aren’t comforted. Not when even the
In this article VZ A Verizon store in San Francisco, California, U.S., on Tuesday, July 20, 2021. Bloomberg | Getty Images Shares of Verizon fell Friday after the company reported second-quarter earnings that fell shy of expectations and trimmed its financial forecast for the year. “Although recent performance did not meet our expectations, we remain
Gold slumped to a 16-month low last week but managed to recover and end the week with a 1.1 per cent gain bringing a halt to its five week losing streak. Despite the recovery, there is little encouragement for yjegold bulls as they face the next big challenge which is the Fed‘s monetary policy decision
In this article GS NEW YORK, NEW YORK – MAY 02: Elon Musk attends the 2022 Costume Institute Benefit celebrating In America: An Anthology of Fashion at Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Sean Zanni/Patrick McMullan via Getty Images) Sean Zanni | Patrick Mcmullan | Getty Images
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Italian Prime Minister Mario Draghi won a confidence motion in the upper house Senate on Wednesday, but three main coalition parties refused to take part in the vote, effectively dissolving his administration and he is said to announce his resignation in the chamber tomorrow. The motion asked the house to approve a speech made by Draghi
Canadian Dollar softens mildly in early US session after consumer inflation data. While CPI hit another near four-decade high, the reading was far below market expectations. On the other hand, New Zealand and Australian Dollar remains generally firm. Dollar is recovering slightly but stays as the worst performer for the week so far, as it’s
Image: https://unsplash.com/photos/bA5ZJ9JVrb8 Blockchain-based games using nonfungible tokens (NFT) and metaverse platforms have remained immensely popular throughout 2022. Although the crypto market has been bearish, users across those games have remained consistent with at least 1 million users per day, according to tracker DappRadar. A new report from Kraken Intelligence and CoinGecko’s May 2022 market report
The USD is stronger today with the EURUSD and GBPUSD moving lower (higher USD in the process). Both moved lower after testing resistance targets and stalling. They also moved below target support, turning buyers to sellers. The USDJPY is waffling between MA support and resistance. The USDCAD is trying to move higher after weaker than
Headlines: Markets: NZD leads, EUR lags on the day European equities lower; S&P 500 futures down 0.2% US 10-year yields down 4.6 bps to 2.973% Gold down 0.2% to $1,706.53 WTI crude down 1.7% to $102.48 Bitcoin up 1.8% to $23,703 The session started with a light dash of optimism and some dollar sluggishness but
In this article NFLX Netflix shares jumped after the company said it lost fewer subscribers than anticipated during the second quarter. The streamer also said it aimed to unveil its lower-cost, ad-supported tier in early 2023. This comes on the heels of Netflix tapping Microsoft to be its partner on the ad-supported offering. “We’ll likely
NEW DELHI: Gold prices were trading almost flat on Wednesday as the weakness in the dollar was balanced by rate-hike fears by the US Fed next week. The yellow metal failed to make the most of a pullback in the dollar, with demand for bullion being restrained amid prospects of aggressive monetary policies and rising
U.S. Treasury Secretary Janet Yellen (pictured here at a news conference, ahead of the G-20 meeting in Bali on July 14), said supply chain resilience is a key focus of the Biden-Harris administration. Made Nagi | Reuters U.S. Treasury Secretary Janet Yellen has reiterated the need for the United States and its trusted trading partners
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