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Month: February 2023
In a new blog post published on Feb. 28, Ethereum (ETH) co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In one instance, Buterin shared how he tried to pay for tea for himself and friends at a coffee shop in Argentina in
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EURJPY falls back toward 38.2%/swing area The EURJPY has come tumbling down and erased all the gains – and then some – as London/European traders closed the books on the month of February. Looking at the hourly chart above the pair raced higher in the late Asian/ early European session helped initially by the USDJPY
> Dallas Fed service sector survey -9.3 vs -15.0 prior Service sector data from the Dallas Fed Adam Button Tuesday, 28/02/2023 | 15:32 GMT-0 28/02/2023 | 15:32 GMT-0 Dallas Fed services Prior was -15.0 Services revenue index +6.6 vs +4.9 prior Employment +8.8 vs +10.5 prior Input prices 38.8 vs 40.6 prior Retail outlook survey
Gold price fell by Rs 110 to Rs 55,550 per 10 gram in the national capital on Tuesday amid a fall in global rates of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 55,660 per 10 gram. Silver also slumped by Rs 550 to Rs
Sterling’s broad-based rally continues today and shows sign of upside acceleration. The Pound is additionally added by selloff in Swiss Franc, which is also seen against Euro. Dollar is currently the third strongest for the day as supported by resilience in benchmark treasury yields. Meanwhile, Yen and Swiss Franc are the worst performers, while commodity
Maskot | Maskot | Getty Images The income and wealth gaps between people of color and white households are wide, but state-run retirement programs are attempting to help workers find parity. As many as 67% of private-industry workers had access to retirement plans in 2020, according to the U.S. Bureau of Labor Statistics. A significant
Share: Economists at Wells Fargo expect the GBP/USD pair to move gradually higher toward 1.22 by the end of the year. BoE will be comfortable shifting to a slower pace of rate hikes “Should inflation continue to show a pronounced declaration, and activity and survey data show renewed softening, we expect the BoE to deliver
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT A shopper leaves a Target store in New York, August 15, 2021. Scott Mlyn | CNBC Target on Tuesday topped Wall Street’s earnings expectations for the first time in a year, as its holiday-quarter sales rose roughly 1% from the same period a year prior.
Major FX remained in subdued ranges for the session. Japanese retail sales for January surprised to the topside while industrial output missed badly to the downside. Retail sales y/y came in at its 11th consecutive monthly rise. This is encouraging news for the BOJ. The but is of course (see next point) … Industrial production
Gold prices eased on Tuesday and were headed for their biggest monthly loss since June 2021 as impending interest rate hikes by the U.S. Federal Reserve sapped the non-yielding asset’s appeal. Spot gold was down 0.1% at $1,816.19 per ounce as of 0317 GMT, after hitting a two-month low on Monday. U.S. gold futures fell
Commodity currencies are experiencing selling pressure in Asian trading due to mild risk off sentiment. New Zealand Dollar is under added pressure following poor retail sales data. US Dollar and Japanese Yen are currently among the stronger currencies, with the latter showing little reaction to the dovish remarks made by the incoming BoJ Governor. Meanwhile,
Share: Asian indices have rebounded comprehensively as investors shrug off Fed rate hike fears. Chinese stocks will remain volatile ahead of the Caixin Manufacturing PMI data. BoJ Himino has also considered the easy monetary policy as appropriate till the central bank achieves 2% inflation confidently. Markets in the Asian domain have shown an overall recovery as
In this article ZM Follow your favorite stocksCREATE FREE ACCOUNT Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom shares climbed 8% in extended trading on Monday after the video chat company reported fiscal fourth-quarter results that exceeded analysts’ estimates
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Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors’ hope for a soft landing and the possible aversion of a recession
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