Dollar extended its near-term pullback in early trading after core inflation data for December came in slightly below expectations, offering a degree of relief to traders and investors. Treasury yields also retreated, with the 10-year yield falling back below the 4.7% mark. Core CPI rose by 3.2% yoy, down from 3.3%, a result that eased
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Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation. The consumer price index increased 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had
Goldman Sachs shares jumped to near all-time highs Wednesday after the investment bank reported strong fourth-quarter results and signaled that more dealmaking is on the way. Revenue for the three months ended Dec. 31 increased over 22% year over year to $13.9 billion, far outpacing expectations of $12.4 billion, according to estimates compiled by LSEG.
The Australian Unemployment Rate is foreseen at 4% in December. Employment Change is expected to include a large increase in full-time jobs. AUD/USD corrected from multi-year lows, sellers retain control. The Australian Bureau of Statistics (ABS) will release the December monthly employment report at 00:30 GMT on Thursday. The country is expected to have added
The EURUSD is moving back hgiher and is retesting its 200 hour moving average. Recall from earlier today, the price moved up to the 200-hour moving average and found willing sellers near the level. The price rotated back to the downside stalling ahead of its 100-hour moving average at 1.0268. The low price could only
Manufacturers sentiment index +2 in January -1 in December Index for non-manufacturers’ mood to +31 was +30 in December Both manufacturers, non-manufacturers see no change in April *** Japanese manufacturers’ sentiment improved in January, rising to +2 from December’s -1, driven by stronger conditions in materials industries like steel, oil, and chemicals. However, their outlook
Gold February futures contracts at MCX opened flat on Tuesday at Rs 78,230/10 gram, which is down by 0.08% or Rs 64 while silver March futures contracts were trading at Rs 90,240/kg, down by 0.3% or Rs 273. Despite volatility in the market, gold prices have risen by nearly Rs 1,200/10 grams in the last
Dollar is holding steady against its peers in early U.S. trading, with softer-than-expected PPI report failing to trigger significant selling pressure. Market sentiment continues to shift toward the possibility that the Fed might refrain from additional rate cuts in 2025. Fed funds futures are currently pricing in less than 60% probability of a 25bps rate
Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand’s economy, especially when it comes to exports. David Clapp | Stone | Getty Images New Zealand’s prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific island nation signs an economic partnership with
Wall Street’s biggest financial institutions kick off fourth-quarter earnings on Wednesday, with portfolio names Wells Fargo , Goldman Sachs , and BlackRock set to report results before the opening bell. The rally in financial stocks last year, which really started in October 2023, went into high gear in the run-up to the Federal Reserve ushering
EUR/USD rose on Tuesday, reclaiming the 1.0300 handle. Euro traders are holding out hopes that a French accord will avoid government collapse. Key US CPI inflation figures are due on Wednesday. EUR/USD found enough gas in the tank for an intraday rally on Tuesday, rising over eight-tenths of one percent on the day as Euro
TradeCompass: Ethereum Futures Analysis – 14 January 2025 Financial Instrument: Ethereum Futures (ETH Futures) Price at the Time of Analysis: 3240 Key Levels and Trade Scenarios for Ethereum Futures Today Bullish Above: 3315 Why Bullish Above:If Ethereum futures rise above 3315, they will break above the Value Area Low (VAL) of January 10. This move
Why it’s important? The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on
Oil prices eased on Tuesday but remained near four-month highs as the impact of fresh U.S. sanctions on Russian oil remained the market’s main focus, ahead of U.S. inflation data this week. Brent futures slipped 53 cents, or 0.7%, to $80.48 a barrel by 0746 GMT, while U.S. West Texas Intermediate (WTI) crude fell 44
Speculation surrounding the incoming US administration’s tariff strategy continues to rattle global markets. Reports suggest that President-elect Donald Trump’s economic team is exploring a phased approach to tariffs, gradually increasing rates by 2% to 5% per month. This tactic, if adopted, would utilize executive powers under the International Emergency Economic Powers Act to maximize negotiation
USD/JPY gains to near 158.00 as the safe-haven demand of the Japanese Yen has eased. Investors await the US inflation data for fresh guidance on interest rates. Fed dovish bets have lately trimmed on upbeat US labor market data for December. The USD/JPY pair moves sharply higher to near 158.00 in Tuesday’s European session. The
Gold is trading up and down since taking it’s last run higher from September that saw the precious metal summit at $2790.07 on October 30. Since, then there was a Correction down to early/mid September lows at $2535 area, A couple of high at $2721.41, and A higher low at $2584.63 The price moved higher
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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