The USDCHF fell below its 100 hour moving average, swing area and upward sloping trendline near 0.8956. That tilted the short-term bias to the downside. That momentum continued to the next key target area defined by the rising 200 hour moving average (green line on the chart above) and a swing area between 0.8914 and
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Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year ago, according to a Commerce Department measure released Friday. The personal consumption expenditures price index, the Fed’s preferred inflation gauge, showed an increase of just 0.1% from October. The measure indicated a 2.4% inflation rate
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 were poised for a weekly fall on Friday after the Federal Reserve‘s verdict on its monetary policy-easing cycle noted a slowdown in cuts, while market focus shifted to the U.S. Personal Consumption Expenditure data due later in the day. FUNDAMENTALS * Spot gold was flat at $2,594.59 per ounce, as of 0034 GMT,
Dollar’s strong rally paused in early US trading after PCE inflation data came in below expectations, easing concerns that Fed might maintain higher rates for an extended period. Markets are also digesting remarks from Fed officials following the hawkish rate cut earlier in the week. Most notably, Cleveland Fed President Beth Hammack, the sole dissenter
In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Scott Olsen | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts’ expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse.
EUR/USD gains on Friday, settling near 1.0395 after Wednesday’s steep decline. RSI rises sharply to 37, remaining in negative territory and reflecting hesitant recovery attempts. MACD histogram prints flat red bars, indicating persistent bearish pressure albeit with signs of stabilization. After suffering a sharp drop of more than 1% on Wednesday, the EUR/USD managed a
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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
From Japan today we had inflation data for November. Inflation rates moved solidly higher, well above the Bank of Japan 2% target level, above expectations, and above October levels. The “core-core” inflation rate, which strips out prices of fresh food and energy and is the closest to the US measure of core inflation moved to
Gold February futures contracts at MCX opened flat on Friday at Rs 75,712 per 10 gram, which is up by 0.08% or Rs 61 while silver March futures contracts were trading at Rs 87,006/kg, down by 0.21% or Rs 181. Gold prices are displaying weakness, falling by Rs 2,260/ 10 grams in the last one
Fed’s hawkish rate cut overnight sparked an outsized market reaction, with DOW plunging over -1100 points and NASDAQ losing -3.5%. Fed’s messages didn’t deviate from expectations leading to the meeting, indicating a slower easing path in 2025 with likely just two more rate cuts and a terminal rate near or above 3.0%. But markets responded
In this article MU Follow your favorite stocksCREATE FREE ACCOUNT Micron CEO Sanjay Mehrotra speaks before US President Joe Biden delivers remarks on “how the CHIPS and Science Act and his Investing in America agenda are growing the economy and creating jobs,” at the Milton J. Rubenstein Museum in Syracuse, New York, on April 25,
Key points Midcap stocks are up about 12% YTD in 2024. The top mid cap stock of 2024, GeneDx, has returned more than 2,600%. SoundHound AI has returned nearly 800% YTD. These high-fliers are on the leading edge of innovation. While large caps and small caps get more attention, mid cap stocks have quietly been
The AUDUSD is correcting higher in trading today after the sharp move lower yesterday after the hawkish cut from the Federal Reserve. The price moved to a low near natural support at 0.6200 (the low reached 0.61983) and bounced. The high price today reached 0.62646. That was just below the low of a swing area
Deutsche Bank is out with a note on yesterday’s FOMC meeting and they highlighted a significant shift in tone. While the Fed delivered a 25 basis point rate cut, bringing the federal funds rate to 4-1/4 to 4-1/2 percent, the bank’s analysts note that the overall tone was more hawkish than anticipated. The median inflation
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