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inflict
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AltcoinCryptocurrencyNews
Assessing Cardano’s potential to inflict a breakout from this pattern
by adminDisclaimer:Â The findings of the following analysis are the sole opinions of the writer and should…
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BitcoinCryptocurrencyNews
Cardano’s reversal from 23.6% level can inflict drawdown towards this range
by adminDisclaimer: The findings of the following analysis are the sole opinions of the writer and…
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BusinessNewsRetail
The dollar index (DXY00) on Wednesday fell -0.472 (-0.49%). The dollar index on Wednesday fell to a 4-session low after a rally in the S&P 500 to a 2-week high reduced the liquidity demand for the dollar. Strength in the yuan also weighed on the dollar after the yuan on Wednesday jumped to a 3-1/2 year high of 6.3443 yuan/USD on optimism that supportive steps taken by the Chinese government will boost economic growth and that the omicron variant will have a limited impact on the global recovery. EUR/USD (^EURUSD) on Wednesday rose +0.0083 (+0.74%). EUR/USD on Wednesday pushed up to a 1-week high on weakness in the dollar and the British pound. GBP/EUR retreated Wednesday after the Financial Times reported that the UK is close to announcing new Covid restrictions, including vaccine passports for large venues and an order to work from home. ECB comments on Wednesday also sparked short-covering in EUR/USD when ECB Governing Council member Kazaks said the omicron variant of Covid must inflict significant damage on the Eurozone economy before he would back additional stimulus measures. Also, ECB Vice President Guindos said, "we might see some growth deceleration in the short-run" from the new omicron variant, but then a "strong recovery in the medium-term." USD/JPY (^USDJPY) on Wednesday rose +0.04 (+0.04%). USD/JPY on Wednesday extended this week’s gains up to a 1-week high. Strength in stocks curbed the safe-haven demand for the yen after the Nikkei Stock Index rallied +1.4% Wednesday to a 1-1/2 week high. Also, a jump in T-note yields on Wednesday weighed on the yen. Finally, weaker-than-expected Japanese economic data was bearish for the yen after Japan Q3 GDP was revised downward to -3.6% (q/q annualized) from -3.0%, weaker than expectations of -3.1%. Wednesday’s U.S. economic data was bullish for the dollar. U.S. Oct JOLTS job openings rose +431,000 to a 3-month high of 11.033 million, showing a stronger labor market than expectations of 10.469 million. February gold (GCG22) on Wednesday closed up +0.80 (+0.04%), and March silver (SIH22) closed down -0.091 (-0.40%). Precious metals prices on Wednesday settled mixed. A weaker dollar on Wednesday was supportive of precious metals. However, gains in metals were limited due to higher T-note yields and mostly higher stocks that reduced the safe-haven demand for precious metals. The dollar and gold have continued safe-haven support from the negative impact of the worldwide spread of the delta and omicron Covid variants on the global economic recovery.
by adminThe dollar index (DXY00) on Wednesday fell -0.472 (-0.49%). The dollar index on Wednesday fell…
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BusinessEnergy & EnvironmentNews
Texas’ Addiction To Flaring Could Inflict Unexpected Economic And Environmental Costs
by adminEmily Pickrell, UH Energy Scholar Flaring of natural gas in the Permian basin. Shutterstock The…
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BusinessHealth CareNews
Trump says nationwide lockdown would ‘ultimately inflict more harm than it would prevent’
by adminU.S. President Donald Trump speaks to reporters during a signing event for an executive order…
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