Dollar is trading broadly lower as markets enter into US session, with minimal backing from Fed Chair Jerome Powell’s prepared remarks for his Congressional testimony. Instead, the currency’s weakest is accentuated by extended drop in treasury yields and slightly disappointing ADP private job data. Amidst this backdrop, Swiss Franc emerges as the only currency performing
admin
People work at a restaurant at Chelsea Market in Manhattan on February 02, 2024 in New York City. Spencer Platt | Getty Images Private sector job growth improved during February though growth was slightly less than expected, payrolls processing firm ADP reported Wednesday. Companies added 140,000 positions for the month, an increase from the upwardly
In this article ANF Follow your favorite stocksCREATE FREE ACCOUNT An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty Images Abercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21%
Share: The US Dollar trades softer across the board on Wednesday. US Federal Reserve Chairman Jerome Powell is heading to Capitol Hill for his semi-annual testimony. The US Dollar Index snaps an important support, looking bleak ahead of the ECB decision and NFP data. The US Dollar (USD) is facing some firm selling pressure on
Meta shares fell sharply, after the outages on Facebook and Instagram this morning (see post here). The price has bounced back with the current price now down -$5.00 or 1.00%. At the session lows, the price was down as much as -$10.09 (at session lows). Technically speaking, Meta moved and closed above its previous all-time
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 slipped on Wednesday amid profit booking after hitting their lifetime high in the previous session in the international and domestic markets. In the early trade, MCX gold fell Rs 460/10 grams after scaling a new peak of Rs 65,140 per 10 grams in a back-to-back rally. Taking cues from the international prices, MCX
Dollar faced some selling pressure overnight, as dragged down by the sharp decline in the 10-year treasury yield. Despite this, the impact on the greenback was relatively contained, thanks to significant pullbacks in major stock indices, which provided a cushion against more substantial losses. Today’s spotlight turns to Fed Chair Jerome Powell’s semiannual testimony, an
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Shoppers exit the Nordstrom at the Westfield Topanga mall in Los Angeles on Aug. 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom’s holiday-quarter sales topped Wall Street’s expectations on Tuesday, but the retailer gave a muted outlook for the year ahead,
Share: Australia’s Gross Domestic Product (GDP) grew 0.2% in the fourth quarter of 2023 compared with the 0.3% growth in Q3, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in below expectations of 0.3%. The annual fourth-quarter GDP expanded by 1.5%, compared with the 2.1% growth in Q3 while beating estimates of a
The USDJPY pair experienced a downturn, signaling a shift towards a bearish momentum in today’s trading session. Despite this decline, the currency pair found some support at a critical swing area near 149.70, which prevented further losses and led to a modest bounce. This level has proven to be a pivotal point for the pair,
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 slipped for a second day on Tuesday as concern over China’s plan for growth and uncertainty over the pace of U.S. interest rate cuts offset the prospect of a tighter market due to continued OPEC+ supply restraint. Brent crude was down 46 cents, or roughly 0.6%, to $82.34 a barrel at 1423 GMT, while
The picture is pretty much the same through Asian and early part of European session, with the Australian and New Zealand Dollars, alongside the Canadian Dollar, persisting as the day’s underperformers. Swiss Franc has also found itself under pressure, particularly against its European counterparts, aligning with the commodity currencies in their struggle. Conversely, Yen and
In this article CRWD Follow your favorite stocksCREATE FREE ACCOUNT George Kurtz, co-founder and CEO of CrowdStrike, speaks at the Wall Street Journal D.Live global technology conference in Laguna Beach, California, on Oct. 17, 2017. Patrick T. Fallon | Bloomberg | Getty Images CrowdStrike shares surged as much as 17% in after-hours trading Tuesday, after
Share: Natural Gas prices are jumping higher in both the European and US futures markets. US gas exports declined at the end of February, while some US producers are cutting output. The US Dollar Index trades around 104.00 ahead of Super Tuesday and US PMI numbers. Natural Gas (XNG/USD) trades in the green for a
Crude oil The price of crude oil has moved to new lows and in the process fell below its 100-hour moving average at $78.86 on its way to a low of $78.56. At session lows, the price tested the low of a swing area between $78.52 and $79.29. Support buyers came in against the level
The decisions taken in China reflected limited changes to its main targets as they were largely in line with expectations. China estimates that its GDP for this year will grow around 5%, while the inflation target will be around 3%. The targeted deficit is 3% of GDP and the jobless rate should be 5.5%. According