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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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Gold price surged by Rs 750 to hit a record high of Rs 80,650 per 10 grams while silver skyrocketed by Rs 5,000 per kg in the national capital on Monday, according to the All India Sarafa Association. Amid the intensifying conflict in the Middle East, an interest rate cut by the People’s Bank of
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In the largely uneventful Asian and European sessions today, major currencies remained within familiar ranges, as the absence of key economic data releases kept markets subdued. Central bank commentary continued to dominate the narrative, particularly from ECB officials, who maintained their dovish stance. However, this comes as little surprise, with expectations largely baked in that
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It’s been a stellar month for the U.S. stock market, driven largely by easing monetary policy. Since the Club’s last Monthly Meeting, investors have celebrated the Federal Reserve’s pivot to its rate-cutting era. The U.S. central bank announced its first interest rate reduction in more than four years on Sept. 18, sending stock benchmarks to
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BEIJING – Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. Brent crude futures rose 8 cents, or 0.11%, to $73.14 a barrel by
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In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects:
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UPCOMING EVENTS: Monday: PBoC LPR. Tuesday: Canada PPI. Wednesday: BoC Policy Decision. Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, US Jobless Claims. Friday: PBoC MLF, Tokyo CPI, German IFO, Canada Retail Sales, US Durable Goods Orders. Monday The PBoC is expected to cut the LPR rates by 20 bps bringing the 1-year rate to 3.15% and the 5-year
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Gold, of late, has stopped showing much reaction to traditional drivers like the US yields, the US Dollar Index, key macroeconomic data, etc as bulls are now focused primarily on uncertainties over the US presidential election outcome. In addition, the metal is extending its gains on synchronised global rate cuts, ETF inflows and geopolitical factors
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Sterling has taken a significant hit after UK inflation data for September showed sharper-than-expected decline, falling below BoE’s 2% target again, and hit the lowest level in over three years. Core CPI also fell more than forecasted, indicating a stronger pace of disinflation. Services prices, a key inflation driver, showed a marked slowdown, reinforcing the
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EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD drifted into a rebound on Friday, snapping a four-day losing streak. A wider selloff in Greenback flows off
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