The Australian Dollar loses ground despite the hawkish RBA’s policy outlook. The AUD inches lower as the US Dollar appreciates amid less-dovish sentiment surrounding the Fed. CME FedWatch Tool suggests a 97% chance of a 25-basis-point rate cut by the Fed in November. The Australian Dollar (AUD) edged lower against the US Dollar (USD) on
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In the above video, I take a technical look at the USDCAD after the 50 bp cut yesterday. That move took the price higher and outside a key swing area, but could not sustain momentum. However, the decline today is trying to hold support at an earlier base level this week. That level will be
In the above video, I speak to the technicals that are driving the USDCHF in trading today. Below is a summary of those technicals. Market Overview The USD/CHF begins the day with a relatively narrow 21-pip trading range, significantly below its average monthly range of 53 pips (39% of normal). This subdued volatility makes it
Final Sept reading was 55.2 Manufacturing 47.8 vs 47.5 expected Prior manufacturing was 47.3 prior Composite 54.3 vs 54.0 prior These numbers are a touch hot, highlighting once again that the US economy is fine. Commenting on the data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “October saw business activity continue
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
Gold prices held steady on Thursday after scaling an all-time high in the previous session, with a stronger dollar and an uptick in U.S. Treasury yields offseting support from safe-heaven demand. FUNDAMENTALS * Spot gold was flat at $2,718.32 per ounce, as of 00:13 GMT. U.S. gold futures were 0.1% higher to $2,732.10. * Prices
After witnessing profit booking on the higher levels yesterday, Gold December futures contracts at MCX on Thursday opened flat at Rs 77,971 per 10 gram, which is up by 0.2% or Rs 159 while silver December futures contracts were trading at Rs 97,450/kg, up by 0.51% or Rs 490. On Wednesday, gold and silver settled
Japanese Yen saw a modest recovery today after briefly dipping below the 153 mark against Dollar, as Japanese officials finally broke silence on the currency’s recent decline. Finance Minister Katsunobu Kato stated that the government is closely monitoring exchange-rate movements with “heightened vigilance, including for any speculative moves.” He reiterated the need for exchange rates
The forex markets are relatively calm today, as major currency pairs and crosses gyrate within familiar ranges, digesting recent moves, and awaiting fresh data. Euro is having a slight recovery, supported by mixed PMI data that reflected an improving outlook in Germany, offset by a more concerning deterioration in France. Inflationary pressures continue to linger,
An escalation of trade and tariffs tensions between the U.S. and China would have “costly” economic consequences around the world, Gita Gopinath, deputy managing director of the International Monetary Fund told CNBC on Wednesday. “We are seeing geopolitically driven trade around the world, which is why when you look at overall trade to GDP that’s
A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024. Daniel Slim | AFP | Getty Images The International Monetary Fund warned Wednesday that the public debt situation worldwide could be more dire than most think,
In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Elijah Nouvelage | Bloomberg | Getty Images Southwest Airlines third-quarter profit fell from a year ago but topped Wall Street estimates while the carrier
An American Airlines aircraft departs from Ronald Reagan Washington National Airport on August 28, 2024 in Arlington, Virginia. Kevin Carter | Getty Images American Airlines raised its profit forecast for the year as CEO Robert Isom said the company’s sales strategy shift earlier this year is paying off. The carrier said it expects to earn
CTA trend followers are adding to their Palladium longs as price action triggers uptrend signals, TDS’ Senior Commodity Strategist Daniel Ghali notes. CTAs are set to sell at a large-scale over the coming week “Fear is the trade, given the US has requested G7 nations consider these inclusions, but the EU has already stopped short
USD/JPY falls due to mild correction in the US Dollar. US flash S&P Global PMI for October came in better than projected. Investors doubt whether the BoJ will hike interest rates again in the remainder of the year. The USD/JPY pair falls to near 152.00 in Thursday’s North American session after refreshing a 12-week high
Fundamental Overview The S&P 500 has been consolidating around the all-time high as the lack of catalysts and the pressure from rising Treasury yields kept the market at bay. We are now near the US elections and it’s going to be a major event for the market. A Trump victory will likely give the stock
Fundamental Overview The Nasdaq has been consolidating around the all-time high as the lack of catalysts and the pressure from rising Treasury yields kept the market at bay. We are now near the US elections and it’s going to be a major event for the market. A Trump victory will likely give the stock market
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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