The post-CPI selloff in Dollar and rally in US stocks faded last week, after Fed officials talked down the significance of just one data point. While the greenback still lacked momentum for sustainable recovery, selloff has at least slowed. The greenback ended the week mixed together with Euro. On the one hand New Zealand Dollar
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GBPUSD Weekly Forecast: Pound Sterling set to reclaim 200-DMA in the Thanksgiving week GBPUSD buyers remained unstoppable for the second straight week, despite a lack of bullish impetus from the highly-anticipated United Kingdom Autumn Budget. The Pound Sterling also stood resilient to the recent rebound in the US Dollar, as attention now turns toward the
The S&P index is trading nearer the low for the day and currently near unchanged on the day. The high for the day took the index up 33.34 points. The low took the index down -10.57 points. The current price is at 3945.85 that is down -0.70 points or -0.02%. Looking at the daily chart,
The NZD was the strongest and the CAD was the weakest of the major currencies to end the trading week. The USD was mostly higher with declines only vs the GBP and the NZD. The greenback moved the most vs the CAD at 0.47%. The dollar rose 0.43% vs the EUR. Of note late in
London copper prices were on course for a drop this week, amid concerns over the outlook for global demand and as hawkish remarks from US Federal Reserve officials sent the dollar higher. The dollar was set for a weekly gain, after comments from Fed officials dashed investors’ hopes for less aggressive monetary policy and weighed
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates and boosted
Gold rallied amid a weaker USD. Nonetheless, strategists at ANZ Bank expect the yellow metal to remain under pressure until the first quarter of next year. Rising real rates in the US continue to be a key headwind “Gold is getting renewed support from the weakening US Dollar. However, rising real rates in the US
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Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy. NFT protocol Metaplex also laid off “several members of the Metaplex Studios team” due to the “indirect impact” from the collapse of crypto exchange FTX. The co-founder and CEO of Metaplex Studios, Stephen Hess, shared in a thread
The EURUSD fell to a new low for the day taking out the early NY session low at 1.03255.The low just reached 1.03229. The US session high extended back toward the 100 hour MA. There were a couple of briefs look above the MA level but not by much. The next downside targets come in
Brent crude today touched as low as $85.80 but has since bounced to $87.17. It’s near the September low and that’s a big level with the OPEC meeting now three weeks away. The weakness in crude today is curious but likely reflects worries about covid lockdowns and some technical selling. The big question is what
New Delhi: Gold prices climbed to Rs 53,000 per 10 grams this week before retreating marginally. The yellow metal has been in demand lately, rising from Rs 50,000 per 10 grams in the last four weeks. After a Rs 3,000/10 gms rally, the yellow metal is marching towards its record highs of around Rs 56,200
Positive market sentiment boosts Kiwi, Aussie higher but Canadian is lagging far behind as dragged down by falling oil prices. Sterling is also firm after mixed retail sales data. On the other hand, Swiss Franc and Dollar are following Loonie as the next worst performer for the data. But after all, the greenback are still
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light. Nvidia stock rose 1% in extended trading. related investing news Retail traders have been selling into the rally, but they
Economists at Credit Suisse no longer see a compelling reason for USDCAD to reach their 1.4100 target in Q4: they now lower it to 1.3500 and reset their target range from 1.3250-1.4300 to 1.3000-1.3650 for the remainder of the quarter. CAD is vulnerable to deteriorating global growth outlook “We now see fewer compelling reasons for
In an earlier post, the price of the AUDUSD was on a downward move, but as outlined in the post, the range for the day had reached the 22-day average and the potential for a slowing of momentum was a possibility. That is what happened, and the bounce saw the pair move all the back