AUD/USD shows slight decrease since Monday but retains January highs near 0.6800. RBA’s hawkish stance and potential rate hike add momentum to AUD. Australian labor data will dictate the short-term dynamics. The Australian Dollar (AUD) experienced a mild correction against the USD in Monday’s session, declining to 0.6760. After a four-day winning streak, the AUD
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The USDCHF moved higher in the Asian session on the buying after the weekend assassination attempt. However, after testing a cluster of moving averages, buyers turned to sellers and has now pushed the price all the way down to new session lows, has breached below the 50% midpoint of the move up from the June
gold daily Gold is at the best levels of the day, up $23 to $2433 with about half those gains in the past few minutes. You can always craft a narrative for gold because it’s such a chameleon. I’d imagine the bulls today are looking at bonds and a Republican sweep and seeing higher fiscal
Gold prices gained on Monday, hovering near a more than one-month high hit last week, aided by hopes for interest rate cuts from the Federal Reserve as traders await for more comments from Fed officials to gauge the timing of those cuts. Spot gold rose 0.4% at $2,421 per ounce, as of 1415 GMT. U.S.
Global financial markets lack clear direction today. Major European stock indexes are trading slightly lower, while US futures indicate a modestly higher open. Investors are unfazed by the assassination attempt on former US President Donald Trump, maintaining a calm stance. Focuses are turning to Fed Chair Jerome Powell’s upcoming speech, where the market hopes to
Former US President Donald Trump during a campaign event at Trump National Doral Golf Club in Miami, Florida, US, on Tuesday, July 9, 2024. Eva Marie Uzcategui | Bloomberg | Getty Images With markets in recent weeks cranking up their bets that Donald Trump will win the presidential election, Goldman Sachs economists say that another
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, Goldman Sachs interview with David Faber, September 7, 2023. CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $8.34 per share, according to LSEG Revenue: $12.46 billion, according to LSEG Trading Revenue:
USD/CHF rebounds near 0.8955 in Monday’s early European session. The hotter US PPI data on Friday did not change the Fed rate cut expectations in September. The political uncertainty underpins the Swiss Franc against the Greenback. The USD/CHF pair edges higher to 0.8955, snapping the two-day losing streak during the early European session on Monday.
If there is someone on CNBC, that I like, it is Josh Brown from Ritholz Wealth Management. He does his homework. He is not opposed to using technicals (in fact he often relies on it). He accepts defeat. He lets his wins run. He is not perfect of course, but he makes a lot of
ICYMI, China’s poor Q2 GDP data is here in this post, a miss for both q/q and y/y: The reasons behind relatively slow growth in China are not mysterious: protracted property downturn the property sector is debt-ridden household consumption is weak The poor data will intensify calls for further stimulus measures. The third plenum is
Gold prices inched down on Monday as the dollar held firm, while investors looked towards comments from Federal Reserve officials and economic data for further cues on U.S. interest rate path. FUNDAMENTALS * Spot gold was down 0.2% at $2,407.29 per ounce, as of 0049 GMT. U.S. gold futures fell 0.4% at $2,411.20. * U.S.
Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson shares leapt 8% to their highest level in nearly two years on Friday, after the Swedish telecom giant’s revenue declined less than expected in the second quarter. Net sales fell 7% year-on-year to 59.8
In a fateful incident during a rally in Butler, Pennsylvania on Saturday, Former President Donald Trump was injured in an assassination attempt. Several bullet shots were fired at Donald Trump’s rally and one such shot ripped the upper part of his right ear. Trump was immediately rushed to a safer place by the Secret Service and
The US stocks are trading near highs after some declines yesterday. The correction was one day – at least for the S&P and the Nasdaq. The Dow industrial Average rose yesterday as did the small-cap Russell 2000. Today, all the major indices are enjoying strong gains. For the S&P, it erased its -49.37 or -0.88%
UPCOMING EVENTS: Monday: New Zealand Services PMI, PBoC MLF, China Industrial Production and Retail Sales, Eurozone Industrial Production, BoC Business Outlook Survey, Fed Chair Powell. Tuesday: Eurozone ZEW, Canada CPI, US Retail Sales, US NAHB Housing Market Index. Wednesday: New Zealand Q2 CPI, UK CPI, US Housing Starts and Building Permits, US Industrial Production and
Including gold in retirement portfolios in India offers several advantages, such as diversification, inflation protection, improved portfolio performance, and liquidity. Gold’s historical status as a store of wealth and crisis commodity, along with its cultural significance and tax benefits, makes it an important component of a comprehensive retirement strategy. Incorporating gold into retirement portfolios in
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty Images JPMorgan Chase is scheduled to report
AUD/USD remains at highest level since January near 0.6800. Hot PPI data didn’t stop the pair in its upward trend. Monetary policy divergence between RBA and Fed stir the pair. The Australian Dollar (AUD) upheld its positive trajectory against the USD in Friday’s session, rising by 0.30% to 0.6780. The AUD resumed its gains with