On the daily chart below for EURUSD, we can see that the price keeps on trying to breakout the 1.1033 high, but as of now all the attempts failed. The red long period moving average is offering support for the buyers, but the sellers above the 1.1033 high are very strong and if they succeed
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Dollar weakens broadly in today’s Asian session as markets await what could be the last Fed rate hike in the current cycle. Risk sentiment is on the downside, with stock selloff carrying over from the US to Asia. Despite this, the greenback sees no apparent support. Conversely, Yen benefits from cautious sentiment a decline in
Federal Reserve Board Chair Jerome Powell holds a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy in Washington, March 22, 2023. Leah Millis | Reuters After the rescue of First Republic Bank by
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks Coffee logo is seen on cups in the cafe in Krakow, Poland on February 16, 2023. Nurphoto | Nurphoto | Getty Images Starbucks on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by better-than-expected international sales. Here’s what the company reported
Gold prices held steady on Tuesday as market participants awaited fresh cues from top central banks on their monetary policy plans, especially from the U.S. Federal Reserve. FUNDAMENTALSSpot gold was unchanged at $1,982.58 per ounce by 0012 GMT. U.S. gold futures fell 0.1% to $1,990.80. The Federal Reserve, which meets on May 2-3, is widely
Share: AUD/NZD seesaws, after NZ Employment data came aligned with estimates. The AUD/NZD rally to weekly highs after the RBA’s decision was short-lived, as the cross paired those gains. Traders await the release of S&P Global PMIs for Australia at around 23:00 GMT. The AUD/NZD floats at around the 1.0730 area, after Tuesday’s session, witnessed
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The GBPJPY has moved lower today, after the high today took out the high from October 2022, and traded to the highest level since 2016, but quickly failed. The high from 2022 reached 172.118. The high from today reached 172.314. However, momentum stalled and the price reversed lower. The pair currently trades at 170.32. The
The inventory data from the private survey is out now, official data follows Wed. morning (US time). Via Twitter: Expectations I had seen centred on: Headline crude -1.1 mn barrels Distillates -1.1 mn bbls Gasoline -1.2 mn — This data point is from a privately-conducted survey by the American Petroleum Institute (API): It’s a survey
Forex traders are probably starting to put up guards ahead of the key events in FOMC rate tomorrow, ECB on Thursday, and NFP on Friday. Australian Dollar remains the top performer today, bolstered by RBA’s unexpected rate hike. However, there is no follow through buying after the initial spike. Meanwhile, Yen is attempting a recovery,
An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, April 7, 2023. Elizabeth Frantz | Reuters Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. jobs market is loosening up and possibly putting less pressure
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor is set to report its first-quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per
Gold price declined Rs 225 to Rs 60,075 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,300 per 10 grams. Silver also went lower by Rs 380 to Rs 75,600 per
Cryptocurrency exchange ByBit is the latest major platform to roll out an in-house cryptocurrency lending service for users. The Dubai-based exchange announced the launch of the service on May 2, delivering interest payouts to users that deposit cryptocurrency through the platform’s new offering. The service is touted to payout hourly interest payments from lending pools,
Share: US Dollar starts the month of May on a firm footing, gathers strength against its major rivals. US Dollar Index climbed to its highest level in three weeks above 102.0. Federal Reserve’s policy meeting could significantly influence the US Dollar’s valuation this week. The US Dollar gathered bullish momentum on Monday and the US