The U.S. dollar held near a two-month high against the yen on May 31, after an important measure of U.S. inflation showed stronger price gains than expected. That factor helped to boost expectations of an eventual tapering in the Federal Reserve’s asset buying. The U.S. inflation data released on May 28, also briefly drove the …
Dollar Was Near a Two-Month High Against the Japanese Yen Read More »
Gold prices continued firm over the key $1,900-level on Monday following U.S. consumer prices increased more than anticipated in April and held the metal as an inflation hedge. Spot gold was even at $1,903.25 per ounce by 0036 GMT. U.S. gold futures trimmed 0.1% higher to $1,907 per ounce. U.S. consumer prices accelerated in April, …
According to the Commerce Department, a key inflation indicator increased a faster-than-anticipated 3.1% in April as price pressures built in the rapidly expanding U.S. economy. The core personal consumption expenditures index was anticipated to rise 2.9% after increasing 1.9% in March. Fed officials believe the measure to be the best gauge for inflation, though they …
In May 2020, Arizona Attorney General Mark Brnovich filed a lawsuit against Google. The lawsuit had suggested the Internet giant’s dark strategy to collect the location of Android phones, even when users had disabled it. Furthermore, it revealed that the company deliberately hid some privacy settings to make it harder to find and even pressured …
Google makes it impossible to keep your location private Read More »
The main event this week will be the May nonfarm payrolls event. Due to the Memorial Day holiday, the week has shortened. However, there are several important factors to consider in the market, so let’s look at the economic calendar. May jobs report on Friday May jobs report is forecast to be published on Friday. …
On Monday, the Memorial Day holiday is celebrated in the US, which will keep the stock market closed. In the month as a whole, the Dow Jones Industrials advanced by 1.9%. The selective S&P 500 gained 0.6%. Both stock markets achieved their fourth consecutive month of gains. Meanwhile, the Nasdaq index has lost 1.5% of its value. …
The Federal Reserve has insisted that the current pace of inflation is unlikely to be sustained after the initial burst of activity associated with the reopening of the economy. Despite considering that the price increase will be “transitory,” several central bank participants begin to discuss a plan to adjust the rate of purchase of assets …
Global Stocks trade mixed with inflation in focus Read More »
The Seoul Stock Exchange closed today with a 0.48% rise in Kospi, its main indicator. The session advanced with the idea that the increase in prices registered in the US could only be temporary and would allow Fed policy to remain intact. The selective South Korean Kospi gained 15.19 points on Monday to stand at …
Seoul gains on the idea that inflation may be temporary Read More »
Users of Facebook and Instagram, owned by Mark Zuckerberg, could open the possibility for Internet users to hide the number of “likes” in the publications they make. These resulted from a debate about the potentially harmful effects on mental health and the intense search for approval on social networks. Also, Facebook and Instagram could suspend …
The Southeast Asian stock markets ended their sessions this Friday with rises. It resulted from optimism due to the signs of economic recovery in the United States. Besides, there is still caution in the face of the new wave of the COVID-19 in Asia. Among the Asian stock exchanges that ended the day with gains, …
Southeast Asian stock markets closed higher, except Bangkok Read More »
Intelligence officials told the White House that they have a large amount of unexamined evidence related to the origins of the coronavirus pandemic. Remarkably, it is part of what prompted U.S. President Joe Biden to announce publicly he ordered a deep investigation to find the source of the pandemic. Both announcements follow months of growing …
Intelligence officials have unexamined data on COVID origins Read More »
Goldman Sachs stated it no longer viewed China as the center of commodities pricing, reflecting the pace of demand recovery in developed markets implied Beijing as Western consumers have crowded out buyers. The bullish commodity thesis is neither regarding Chinese speculators nor Chinese demand increase. It is about lack and the DM-led recovery, and the …
China is no longer center of commodities pricing Read More »
Federal Reserve officials are willing to learn more about a national digital currency They amped up the tone and tempo regarding their exploration of a digital version of the U.S. dollar. Federal Reserve Chair Jerome Powell issued a public video to announce plans for a discussion paper on digital payments this summer. The paper will …
Federal Reserve and a Digital Version of the U.S. Dollar Read More »
Microsoft has released a significant update to its operating system, although most users likely won’t notice. The new version of Windows 10 is delivered via Windows Update, just like the Windows 10 October 2020 version was. It’s being rolled out in staggered intervals to groups of users. It’s an update through different compilations that arrive …
The U.S. dollar benefited from emerging views the Federal Reserve is slowly but surely moving towards a discussion about tightening monetary policy. Traders are waiting for crucial U.S. inflation data this week. In a market heavily short dollars, even the mere proposal of tapering is enough to temper further selling. The greenback strengthened its position …
Dollar Rose as Traders are Waiting for U.S. Inflation Data Read More »
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