Markets Steady ahead of ECB and BoE, Dollar Staying Weak
The forex markets are generally steady in Asian session, as traders await ECB and BoE rate decisions. Dollar is staying as the weakest for the week one after yesterday’s selloff, followed by Yen. Aussie and Euro are the strongest ones....
Crude Oil Price Touches $90, Indicators Suggest Loss In Momentum
Key Highlights Crude oil price gained pace and tested the $90.00 level. A key bullish trend line is forming with support near $88.20 on the 4-hours chart of XTI/USD. EUR/USD extended recovery above 1.1300, and GBP/USD spiked above 1.3550. The...
Nasdaq futures drop as Facebook leads tech shares lower
U.S. stock futures fell Wednesday night, as traders pored through the latest batch of corporate earnings, which included disappointing numbers from tech giant Meta Platforms. Futures tied to the Nasdaq 100 dropped 2.3%, and S&P 500 futures slid 1%. Dow...
Companies unexpectedly cut 301,000 jobs in January as omicron slams labor market, ADP says
Companies cut jobs in January for the first time in more than a year as the spread of the Covid omicron variant appeared to hit hiring, payroll processing firm ADP reported Wednesday. Private payrolls fell by 301,000 for the month,...
Nasdaq Jumps on Strong Earnings, ADP Payrolls Fall
The Nasdaq is set to outperform after stellar results from Alphabet and AMD. ADP payrolls unexpectedly fall. US futures Dow futures +0.18% at 35448 S&P futures +0.77% at 4578 Nasdaq futures +1.4% at 15204 In Europe FTSE +0.9% at 7590...
Stocks Extend Gains, Dollar Retreats Amid Improving Risk Tone
Dollar slips; euro and pound advance The dollar continues to lose ground for the third consecutive session as long-term Treasury yields extend their decline and seem unable to gain traction. Moreover, the soaring risk appetite observed in the markets today...
Euro Jumps on Record Inflation, Dollar Tumbles on Poor ADP Job Data
Dollar tumbles broadly today as markets are staying in risk-on mode. Additional selling pressure is seen on the greenback after shocking poor ADP job data. On the other hand, Euro is lifted by another record reading in consumer inflation data....
EURCHF Struggles to Strengthen Positive Move
EURCHF is looking neutral in the short-term, hovering within the short-term simple moving averages (SMAs) and the 1.0360 support level. The bullish doji candle that was posted in the previous sessions, is suggesting an upside reversal move that will be completed if the pair...
Crypto start-ups are still raising serious cash despite a slump in prices
A bitcoin sculpture made from scrap metal is installed outside the BitCluster cryptocurrency mining farm in Norilsk, Russia, on Sunday, Dec. 20, 2020. Andrey Rudakov | Bloomberg | Getty Images Cryptocurrency start-ups are having a solid start to the year,...
After a huge year for growth, the U.S. economy is about to slam into a wall
Free food is handed out by the Brooklyn community organization PASWO during a weekly food distribution on December 08, 2021 in New York City. Spencer Platt | Getty Images Spurred by a massive inventory rebuild and consumers flush with cash,...
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