U.S. dollars are counted by a at a bank in Westminster, Colorado. Rick Wilking | Reuters The net worth of U.S. households climbed to new heights as 2021 began and the effects of the Covid-19 pandemic began to fade. Thanks largely to a surge in the stock market, the total balance sheet for households and
Wall Street’s main indexes opened decisively higher on Thursday. All major S&P 500 sectors trade in the positive territory. Annual CPI in US rose to 5% in May from 4.2% in April. Major equity indexes in the US opened decisively higher on Thursday following the latest macroeconomic data releases from the US. As of writing,
GBP/USD is down 0.3% to 1.4075-85 currently Invest in yourself. See our forex education hub. The inability to keep with a break above 1.4200 is starting to weigh a little on the upside momentum in cable as buyers are showing some exhaustion and perhaps taking profits as the recent consolidation is leading nowhere ahead of
What to expect going into the US CPI data The market is drifting sideways ahead of key risk events today, with the ECB policy meeting decision to come first before the US CPI data release. The estimate for US CPI in May is for the annual reading to tick higher from +4.2% y/y in April
KOLKATA: India‘s largest private-sector agriculture post-harvest management company, erstwhile National Collateral Management Services Limited (NCML), has announced today that the company will begin operating under a new name – National Commodities Management Services Limited, effective immediately. The new name reflects the company’s emphasis on providing commodity services along the comprehensive agriculture lifecycle from farm to
Euro softens broadly today as markets await ECB policy decision. Traders appear to be position for a dovish, or at least cautious, ECB press conference. Nevertheless, Sterling and Dollar are also soft, indicating that the markets are not one sided yet. Meanwhile, commodity currencies are trading mildly firmer today, together with Yen. That also suggest
Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, according to Dow Jones. That’s the fastest annual pace in 28 years. Economists expect both core
In this article RH Jason Kempin | Getty Images Entertainment | Getty Images Shares of the high-end furniture retailer RH surged in extended trading Wednesday after the company beat analysts’ profit and sales estimates for the fiscal first quarter. RH also hiked its full-year outlook, building on the momentum it’s seeing in the luxury home
GBP/JPY extends the last Friday’s breakdown of short-term key support, down for second consecutive day. Brexit headlines post downside risk, RSI conditions also favor sellers. April’s top adds to the downside filters ahead of recalling the sub-150.00 area. GBP/JPY refreshes intraday low near 154.65, down 0.10% intraday, amid the initial hour of Thursday’s Tokyo open.
NASDAQ gives up gains. S&P also negative after trading above its all-time high closing level The major stock indices of now turned negative with the NASDAQ giving up its earlier gains. The S&P index, after trading above it’s high closing level, has also dipped into the red. With 15 minutes left and trading, the snapshot of the market is showing: S&P index -6.65 points or
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp recovery today. On-chain data also suggests that long-term holders (LTH) have again started accumulating Bitcoin after booking profits during
NEW DELHI: Crude oil prices rose Rs 50 to Rs 5,139 per barrel on Wednesday as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the June delivery traded higher by Rs 50, or 0.98 per cent, at Rs 5,139 per barrel in 12,248 lots. Analysts said
Major pairs and crosses are bounded inside yesterday’s range so far, as quiet trading continues. Dollar is mildly lower but loss is very limited, while Swiss Franc might be picking up some buying again. Stock markets are also treading water in very tight range. Nevertheless, notable weakness is seen in treasury yields. In particular, US
A real estate agent and a potential home buyer in Coral Gables, Fla. Getty Images Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand. Total mortgage application volume decreased 3.1% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for
SELINSGROVE, PENNSYLVANIA, UNITED STATES – 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers. Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images GameStop sales rose 25% in the
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