Author: Admin
Bill Gates appears to be trimming back his famed Washington compound—listing a home that sits next to his sprawling Xanadu 2.0 estate for $4.8 million.
Gold (XAU/USD) struggles to capitalize on its intraday move up and remains below the $5,100 mark heading into the European session on Monday amid mixed cues. Data released over the weekend showed that the People’s Bank of China (PBOC) extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve (Fed) expectations and concerns about the central bank’s independence drag the US Dollar (USD) lower for the second straight day, providing an additional boost to the non-yielding yellow metal.Meanwhile, signs of easing tensions in the Middle East boost investors’ sentiment, which is evident from a positive…
“He charged $180 for the second visit for his time, including $40 for the part.”
The Thai Baht (THB) is facing temporary weakness due to election-related uncertainties, softer gold prices, and a firmer USD. OCBC Group Research analysts Sim Moh Siong and Christopher Wong note potential scenarios for the upcoming elections and their implications for the THB, suggesting that a clear outcome could support the currency, while a contested result may pose challenges.Election uncertainty weighs on THB”USDTHB extended its move overnight. Election-uncertainty risk premia, softer gold prices and firmer USD remain some of the near term drivers.””A clear outcome allowing for the formation of majority government is the most positive as economic policies can potentially…
”I like her as a friend, but I’m underwhelmed as a client.”
The Euro found some respite on Friday versus its counterpart the Greenback, which enjoyed a short-live rally of just two days, but erased Thursday’s gains on Friday as depicted by the US Dollar Index (DXY). A risk-on impulse weighed on the Dollar’s safe-haven appeal, while an uneventful ECB monetary policy decision on Thursday, left traders leaning onto market mood. The EUR/USD trades at 1.1817, up 0.34%.Euro trims losses near 1.1820 as fading Dollar strength and steady ECB messaging steady the pairThe shared currency is poised to end the week with losses, but its seems the EUR/USD is poised to consolidate…
The Dow Jones Industrial Average surged more than 1,200 points Friday, leading a broader stock-market rebound.
Highlights include US NFP and CPI, Japanese Election, UK GDP and China Inflation SUN: Japanese Average Cash Earnings, Japanese Snap Election UK GDP MON: Swiss Consumer Confidence (Jan), Mexican Inflation (Jan), US Consumer Inflation Expectations (Jan), Australian Household Spending (Dec) TUE: EIA STEO; Norwegian prelim. CPI (Jan), US NFIB (Jan), Weekly ADP, ECI (Q4), Export/Import Prices (Dec) WED: BoC Minutes (Jan), OPEC MOMR; ECB Wage Tracker (post-meeting); Chinese Inflation (Jan), Norwegian GDP (Q4), US NFP (Jan) THU: IEA OMR, EU Informal Leaders Retreat; Japanese PPI (Jan), UK GDP Prelim. (Q4), GDP (Dec), US Weekly/Continuing Claims; Existing Home Sales (Jan),…
“‘What’s the point of paying thousands of dollars?”
The EUR/CAD cross gathers strength to around 1.6160 during the early European session on Friday. The Euro (EUR) edges higher against the Canadian Dollar (CAD) amid the differing approaches between the European Central Bank (ECB) and the Bank of Canada (BoC). Traders brace for the release of the Canadian employment report for January, which is due later on Friday. The ECB on Thursday decided to keep the policy rates unchanged for the fifth consecutive meeting, with its key interest rate at 2.0%. During the press conference, ECB President Christine Lagarde said that the central bank would maintain its data-dependent and “meeting-by-meeting approach” and would not…