EUR/USD hardly declines during Friday’s session, consolidating around 1.1446, down by 0.01%. The Euro has failed to gain traction against the American currency, which has maintained same demand level during the Asian and the European session, with limited gain as the New York session begins.The Euro’s downfall has extended for …
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Some investors bet that Rivian can become the next Tesla, whose own market cap stands above $1 trillion, while others say It is a bad bet.U. S. Electric automaker Rivian closed trading yesterday with value nearing $105 billion, two days after completing the largest U.S. IPO since Alibaba in 2014. …
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The “Big Short” movie star Michael Burry returned to Twitter Friday. After earlier remarks about inflation, SEC and Fed policies, the movie star who is also CEO of Scion Asset Management says that Elon Musk has wrong calculations and had it not quite right with his Rivian comments.Earlier in the …
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Leaders of the Asia-Pacific Economic Cooperation (APEC) forum vowed on Friday to address economic recovery in the region by shoring up supply chains.The summit is tackling labour issues and continuing to respond to the COVID-19 pandemic. The summit is held amid heightened U.S.-China tensions.Biden and Xi expected to meet virtually …
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USD/CHF tends to end Friday’s session flat slightly gaining at 0.9200 level. The pair had at one point been nearly as high as 0.9240, but a sharp, surprise worsening in Consumer Confidence in November according to the University of Michigan’s Index that pushed the pair from highs and back towards …
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The USD/CAD pair is currently trying to hold below the support at 1.2550 while the U.S. dollar is losing some strength because of inflation and the retreat of customer sentiment.The U.S Dollar Index is stuck in the range between the support at 95 and the resistance at 95.20. In case …
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The U.S. Securities and Exchange Commission on Friday rejected rule changes that would have allowed the listing and trading of the VanEck bitcoin exchange traded fund.In March, the Cboe BZX Exchange, Inc. filed a proposed rule change to list and trade shares of the VanEck Bitcoin Trust under BZX Rule.The …
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Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by four to 454 this week. That followed increases in each of the previous two weeks, including a climb of six oil rigs last week, Baker Hughes data show. The total active U.S. rig …
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XAU/USD prices have recovered back to trading flat on the day, having at one point prior to the U. S. open been trading with losses of nearly 1.0%. Gold appeared to find good demand at $1850 as gold bulls and those seeking inflation protection bought the dip.As Fed encounters pressure …
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Wall Street’s main indexes trade in the positive territory on Friday. Tech shares push higher after the opening bell.Major equity indexes in the U. S. started the last day of the week in the positive territory on the back of improving market sentiment. The CBOE Volatility Index, Wall Street’s fear …
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