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 continued its range-bound trade on Wednesday ahead of the US Federal Reserve’s policy meeting outcome later today. The MCX April gold futures were trading at Rs 65,675 per 10 grams, up by Rs 92 or 0.14% while the May Silver contract was trading at Rs 75,320 per kg around 9:30 am, higher by Rs
Dollar stands firm as the day’s strongest currency, with the financial markets on edge for the Fed’s impending announcement. While interest rate is widely anticipated to hold steady at 5.25-5.50%, the spotlight is on the potential adjustments to Fed’s dot plot. December’s projections hinted at three rate cuts for the year, yet the consensus was
Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty Images European Central Bank chief Christine Lagarde on Wednesday reiterated that policymakers will consider bringing interest rates down in June, but sketched an uncertain path beyond that. “By
EUR/USD attracts some buyers and moves away from a two-week low set on Tuesday. The technical setup warrants some caution for bullish trades ahead of the Fed decision. A sustained break below the 1.0835 confluence should pave the way for deeper losses. The EUR/USD pair edges higher during the Asian session on Wednesday and for
GBPUSD moved up to the 100 bar MA on 4-hour chart The GBPUSD has completed its down and up “lap” that saw the pair move from an Asian session high at 1.27305, to a low in the European session at 1.2667 (and briefly below the 200 bar MA on the 4-hour chart at 1.2673), and
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 retreated on Tuesday, hurt by a strengthening U.S. dollar, while investors geared up for the Federal Reserve’s interest rate stance from Chair Jerome Powell’s speech at the conclusion of the central bank‘s policy meeting on Wednesday. Spot gold fell 0.4% to $2,151.69 per ounce as of 10:15 a.m. EDT (1415 GMT), hovering near
Yen declines broadly in a classic “sell-on-news” reaction following BoJ’s landmark decision to exit its eight-year negative interest rate policy and announce its first rate hike in 17 years. Although the immediate economic impact of this move is considered minimal, its psychological and symbolic significance cannot be understated. This policy shift was largely anticipated by
The US Dollar soars on Tuesday after Asian markets set the scene for a stronger Greenback. Traders are letting the dust settle over the BoJ rate decision ahead of US housing data. The US Dollar Index briefly hit 104.00 before retreating a touch. The US Dollar (USD) jumped firmly in the green on Tuesday, giving
CNBCs James Kramer interviewed and videos Jansen Huang. Shares of Nvidia when trading at $863.23 as the interview got going. Shares are trading at $856.17 down $28 38 or -3.18%. Looking at the hourly chart below, the prices currently trading below its 100 hour moving average for the first time since February 20 and February
Major US stock indices are opening the day lower led by the NASDAQ index. That index is currently down -0.83% on the back of Nvidia shares down over 3% after their Nvidia developers conference yesterday failed to push the price higher. A snapshot of the market currently shows: Dow Industrial Average is bucking the trend
Gold prices traded with a positive bias in the opening trade on Tuesday though the movement remains range bound ahead of the US Federal Reserve’s policy meeting outcome on Wednesday. The MCX April gold futures were trading at Rs 65,671 per 10 grams, up by Rs 63 or 0.10% while the May Silver contract was
Canadian Dollar falls sharply in early US session, triggered by an unexpected decline in Canada’s headline CPI and a more significant than anticipated slowdown in core inflation measures. This trend of disinflation is likely to reassure BoC that its efforts to curb inflation are bearing fruit, possibly at a quicker pace than initially projected. The
Indian Rupee loses traction on Tuesday amid a stronger USD. Fed is expected to hold rates steady in the range of 5.25%–5.50% at its March meeting. The US Fed interest rate decision on Wednesday will be the highlight of this week. Indian Rupee (INR) weakens on Tuesday on US Dollar (USD) purchases by state-run banks.
USDCHF is moving higher and looks toward the Feb highs The USDCHF currency pair has seen a notable increase in activity, registering a 49 pip extension in its trading range today. This movement pushes it 3 pips beyond the 22-day average trading range, which equates to approximately one month of trading, making it the first
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
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to USD 85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate