Yen remains the worst performer for the day, but selloff appears to have slowed somewhat. Meanwhile, Euro and Swiss Franc are also softening, thanks to selling against Sterling. Canadian Dollar is mixed for now, with muted reaction to worse than expected job data from Canada. While the data doesn’t add to the case for another
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The NZDUSD moved higher today based on the lows against a swing area near the 0.60829 level before moving to the upside and breaking outside of what has been an up-and-down trading range until today (largely under the 0.6100 level). The move to the upside today did extend the range for the week and moved
This week, the US dollar, tracked within a 103.290-104.400 range in the DXY index. That index (heavily weighted to the EUR) for the week fell -0.49%. The decline was initially triggered this week by below-expectation US services ISM data. In that report, released on Monday, the index for May 2023 came in below expectations with
Gold jumps Rs 440 to Rs 60,820 per 10 grams in the national capital on Friday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had ended at Rs 60,380 per 10 grams. Silver also zoomed Rs 1,050 to Rs 74,350 per kilogramme. “Gold prices edged higher in the
In this article PL Follow your favorite stocksCREATE FREE ACCOUNT A satellite image captured by a SkySat shows the breached Kakhovka dam in Ukraine, June 6, 2023. Planet Shares of Planet fell after the satellite-imagery and data-analysis company cut its annual revenue guidance following when it reported first-quarter results Thursday. The company lowered its guidance
Share: Economists at the National Bank of Canada discuss EUR outlook. Narrowing in policy appears less likely Tepid growth and waning inflation could be harbingers for an ECB staying its hand on restricting policy further. But real rates in the Eurozone remain largely accommodating and a still decent labour market combined with high inflation should
While Dollar is trading as the worst performer of the week at the time of writing, Yen’s decline looks finally taking off today. BoJ Governor Kazuo Ueda repeated once again the need to maintain current ultra-loose monetary monetary. At the same time, some other major central banks are continuing or even restarting tightening. So far,
The USDCAD is currently experiencing a dip in its trading value, with the lowest price point registered during early European trading hours. However, this decline halted at the same low point observed on May 10 and did not manage to reach the lowest price witnessed after the Bank of Canada’s rate hike yesterday. The lowest
Here’s a look at the changes in the Fed funds futures curve over the last one week and compared to a month ago: After the US jobs report on Friday last week, traders moved in to further price a higher for longer narrative by the Fed and that hasn’t changed by much even after yesterday’s
While the Dollar Index (DXY) slipped to a four-day low, breaching the 104 mark against a basket of six top currencies, gold still traded lacklustre on Friday. Traders preferred to hold their bets on the yellow metal ahead of the US Federal Reserve’s Federal Open Market Committee (FOMC) meeting, scheduled for next week. The August
The German economy entered a recession in the first quarter. Bloomberg | Bloomberg | Getty Images The euro zone entered a recession in the first quarter of this year, and economists are not optimistic for the coming months. The 20-member bloc reported a gross domestic product of -0.1% in the first quarter, according to revised
In this article DOCU Follow your favorite stocksCREATE FREE ACCOUNT Dan Springer, chief executive officer at DocuSign. David Paul Morris | Bloomberg | Getty Images DocuSign, the e-signature provider, reported an earnings and revenue beat for the fiscal quarter ended April 30, alongside announcing a handful of C-suite hires and new service offerings. The company’s
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Wallet infrastructure provider and digital asset custodian BitGo have signed a non-binding letter of intent to acquire fintech infrastructure provider Prime Trust, according to an announcement on June 8. The terms of the agreement were not disclosed. If the deal goes through, BitGo will acquire Prime Trust’s payment rails and cryptocurrency IRA fund and increase its wealth
Share: Gold Price defends two-week-old trading pattern of repeatedly bouncing off 100-DMA, edges higher of late. Downbeat United States statistics propel economic fears, weigh on Federal Reserve bets and underpin XAU/USD rise. Gold buyers cheer US Dollar Index’s second consecutive weekly loss ahead of next week’s FOMC. China inflation data can entertain XAU/USD traders ahead
Dollar falls broadly in early US session after much worse than expected jobless claims data. But it’s so far still holding largely in range. Market pricing on whether Fed would hike on June 14 continues to flip-flop (at around 30% for a 25bps hike). For the week, Kiwi is the second worst, after Dollar, followed