After one of its worst weeks in history, the Cardano (ADA) community recorded some goodish momentum as a Cardano enthusiast on Twitter noted that the network recorded its highest weekly volume since the peak of the last bull market. The Twitter user noted that Cardano also recorded its “Largest wick since March 2020.” That said, […]
US import and export prices for April are due at 8:30 am ET Friday. Ahead of the data, the greenback traded mixed against its major counterparts. While it fell against the franc, it held steady against the rest of major rivals. The greenback was worth 128.89 against the yen, 1.0377 against the euro, 1.2184 against […]
The University of Michigan’s preliminary consumer sentiment index for May is due at 10 am ET Friday. Ahead of the data, the greenback advanced against its major counterparts. The greenback was worth 129.23 against the yen, 1.0371 against the euro, 1.2176 against the pound and 1.0032 against the franc at 9:55 am ET.
Stock futures were little changed in overnight trading Tuesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average shed about 15 points. The S&P 500 futures were marginally lower and the Nasdaq 100 futures were near flat. The moves come after the Dow fell for a fourth consecutive day Tuesday in […]
Dollar is back in control as markets turned back into risk-off mode, just a day after the rallies triggered by Fed Chair Jerome Powell’s comments. Investors are apparently not too convinced by the ruling out of 75bps hike after a second thought. Focuses will turn to non-farm payroll report today, which should prompt even more… […]
US jobs data for April is due at 8:30 am ET Friday. Ahead of the data, the greenback dropped against its major counterparts. The greenback was worth 130.43 against the yen, 1.0574 against the euro, 1.2345 against the pound and 0.9857 against the franc as of 8:25 am ET.
Statistics Canada will release Canada jobs data for April at 8:30 am ET Friday. Ahead of the data, the loonie showed mixed trading against its major counterparts. While it fell against the euro, it held steady against the rest of major counterparts. The loonie was worth 101.62 against the yen, 1.2837 against the greenback, 1.3566 […]
Last week was dominated by volatility as the RBA, Fed and the BOE all gave the markets something more to think about. The RBA hiked rates by more than expected, the Fed took the idea of a 75bps hike off the table, and the BOE said not to look for too many rate hikes, while… […]
AUD / USD had a little rebound as it fell below its open price level of o.7124 Today (Friday). AUD (Australian dollar) was unable to maintain above 0.7110 price level during the early Asian trading period. However, it has covered covered the release of the RBA (Reserve Bank of Australia) MPS (monetary policy statement). According […]
Overall, the markets are pretty quiet as focuses turns to Fed’s rate hike and guidance today. Dollar is consolidating in tight range, preparing for the next move. For now, Aussie and Loonie are the stronger ones for the week, but they only have a slim advantage over the greenback. Sterling is the worst, followed by… […]