Lumber futures for delivery in July hit a limit down following the recent pullback in prices, CNBC reported. Data from the Chicago Mercantile Exchange showed that futures fell 5% to $1,201 per thousand board on Wednesday morning.Futures rallied 5% later in the afternoon after hitting the limit down price change of $63 or the cap or percentage changes allowed by the … [Read more...] about Lumber Futures Hit Limit Down As Decline Continues
Iran To Ship First Oil Consignment From New Jask Terminal In Next Four Weeks
Iran is set to export its first oil consignment from the new Jask terminal in the next four weeks, S&P Global reported. Oil minister Bijan Zanganeh said the shipment will be delivered in the Iranian month of Khordad which starts May 22 and ends June 21.The shipment will come from the Jask terminal on the Oman Sea Coast, after the completion of the Goureh-Jask oil … [Read more...] about Iran To Ship First Oil Consignment From New Jask Terminal In Next Four Weeks
Pound Sterling Ignores Rising Consumer Prices to Trade Below 1.42
Summary: The GBP/USD currency pair on Wednesday afternoon pulled back to trade at 1.4165 after the UK CPI release. The currency pair is now pinned at 1.4165, just above the 100-hour moving average in the 60-min chart. The pair earlier bounced off the regressive trend at 1.4131 to trim session losses. The pound sterling on Wednesday edged lower against the … [Read more...] about Pound Sterling Ignores Rising Consumer Prices to Trade Below 1.42
NZD/USD: New Zealand Taps Down Migrant Labor as Dollar Gains
The Reserve Bank of New Zealand (RBNZ) is expected to increase its official cash rate (OCR) in August 2022. Household debt-to-income reached 165.60 into 2021, up from 162.60 as mortgage borrowing reached NZ$10.487 billion in March 2021.US banks may cut down up to 200,000 jobs by 2030 due to Fintech integration post-pandemic. The NZD/USD traded at a -0.61% price change … [Read more...] about NZD/USD: New Zealand Taps Down Migrant Labor as Dollar Gains
Euro Zone Enters Technical Recession As Employment Declines
The euro zone economy contracted for the second consecutive quarter in the first three months of the year to mark a technical recession, according to data released by Eurostat. The Euro area economy contracted by 0.6% in the first quarter, following the 0.7% decline in the fourth quarter of 2020.The gross domestic product of the European Union shrank by 0.4% in the first … [Read more...] about Euro Zone Enters Technical Recession As Employment Declines
