PayPal to buy online returns start-up in its latest run at the retail shopping space
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital...
Dollar in Trouble? Markets Believe the Fed on Tapering But Not on Inflation
The US dollar has crashed below its uptrend line as its bullish narrative has once again been called into question. The shockingly big miss of the April NFP estimate has proven the Fed right and the markets wrong on the...
GBP/USD Analysis: Fresh Bears Face Headwinds at 1.40 Support
Cable extended Wednesday’s 0.64% fall and fell ticks ahead of psychological 1.40 support on Thursday. Fresh risk aversion on upbeat US inflation figures that fueled a fall in global equities, weighs heavily on risk sensitive pound. Bids at 1.40 zone...
Economist calls for calm on inflation talk: ‘Everything ultimately will settle down’
A worker on an auto assembly line in Smyrna, Tennessee. Luke Sharrett/Bloomberg/Getty Images The concentration of price pressures in a handful of categories means markets shouldn’t yet be worrying about inflation after Wednesday’s U.S. surprise, economists have told CNBC. The...
Another inflation gauge comes in hot with producer prices jumping 6.2% in April from a year ago
Companies paid much higher prices to producers in April for everything from steel to meat in another sign of inflation in an economy rapidly recovering from the pandemic. The new data comes a day after a sharp gain in consumer...
US Data Show Strong Inflation, Improving Job Market, Sentiment Stabilizing
Overall market sentiment stabilizes mildly entering into US session. Major European indexes pared back much of earlier losses, while US futures also turned positive. Even though US PPI showed stronger than expected reading, slightly better than expected jobless claims is...
USD/JPY Outlook: Strong Bullish Bias Above Thick Daily Cloud
The dollar maintains firm tone vs yen on Thursday and consolidating above the top of thick daily cloud after 0.93% advance on Wednesday (the biggest one-day rally in 2021). Strong bullish acceleration after upbeat US CPI data signaled rising inflationary...
New Zealand Steadies After Slide
The New Zealand dollar is flat in Thursday trade. In the European session, NZD/USD is trading at 0.7157, up 0.02% on the day. New Zealand dollar plunges on inflation fears It was Black Wednesday for the New Zealand dollar, which...
Inflation Fear Prompted Selloff in Bonds and Stocks, Dollar Extending Recovery
Extremely higher volatility was seen in the markets overnight, with the steep decline in stocks and rally in yields. Bitcoin also had a free fall. Negative sentiments continue in Asia with major indexes trading in deep red. In the currency...
USD/CHF Shows Signs of Recovery, Oil Extends Rally
Key Highlights USD/CHF started an upside correction from the 0.8985 support zone. EUR/USD corrected lower below 1.2120, GBP/USD broke the 1.4100 support zone. Crude oil price remains elevated above the $65.00 level. The US Initial Jobless Claims could decline from...
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