Yen weakens broadly in Asian session despite data showing that inflation hit a four-decade high. Speculations on any BoJ move should cool for a while, given that there is no meeting until March. There is room for Yen to correct lower to digest recent rally. Meanwhile, the Japanese currency is also the worst performer for
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In this article PG Follow your favorite stocksCREATE FREE ACCOUNT Gillette Good News razors on display on January 28, 2005 in San Francisco. Justin Sullivan | Getty Images Procter & Gamble reported year-over-year declines in revenue and profit on Thursday, as higher prices look to offset declining sales volumes and foreign exchange headwinds. Here’s how
CME Group’s flash data for gold futures markets noted traders increased their open interest positions by around 8.7K contracts on Thursday, reversing at the same time two consecutive daily pullbacks. Volume followed suit and went up by around 17.3K contracts after three straight daily drops. Gold: Door open to extra gains near term Gold prices
The EURGBP took a turn to the downside earlier this week after an ECB “sources” story saying that the pace of the hike for the ECB was to slow. That gave the sellers the go-ahead to push lower. Helping technically, was that earlier in the day, the price tried to move back above what was
It was a back-and-forth session for equities on Thursday as early selling reversed back to unchanged, then the bears sold again late. The FX market took a more upbeat view with commodity currencies climbing from the early-NY lows and cable finishing the day 50 pips higher. Closing changes: S&P 500 -0.7% Nasdaq -0.9% Russell 2000
Gold prices fell by Rs 52 to Rs 56,475 per 10 grams in the national capital on Thursday amid weak global trends, according to Securities. The precious metal closed at Rs 56,527 per 10 grams in the previous trade. Silver also tumbled Rs 850 to Rs 68,500 per kg. “Spot gold prices in the Delhi
Euro is lifted slightly by hawkish comments from ECB officials, as well as the meeting accounts. But overall, it’s risk-on sentiment that matters more for now, supporting Yen and Dollar too. Commodity currencies are so far the worst performers, with Aussie also weighed down by poor job data. Sterling and Swiss Franc are currently mixed.
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Netflix added millions more subscribers in the fourth quarter than Wall Street expected, helping to send shares of the streamer up after the bell despite a big earnings miss. The company also disclosed that co-CEO Reed Hastings would
USD/CAD bears are taking on a double bottom near 1.3450 support area. Bears eye a 61.8% Fibonacci retracement near 1.3415 should the double bottom (DB) be breached. USD/CAD is eating into the bullish rally’s tracks from yesterday’s business with 1.3450/30 eyed as a potential support structure in what has been a choppy descent from above 1.3500 on
Customers are suing Compass Mining for over $2 million, alleging fraud, after the company cut ties with Russian hosting company Bit River and failed to return customers’ Bitcoin machines, citing a non-applicable United States sanction as the reason. According to a court document filed on Jan. 17, Compass Mining issued a notice in April 2022
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It’s not a great day for the US major stock indices. The declines are being led by the Dow Industrial Average which is down around -450.3 or -1.33% at 33460. That is a large decline since December 15 when the index fell -2.84%. Yesterday the Dow also fell over 1% (-1.14%). The biggest decliner is
What looked like a potential upside break yesterday ended up being a massive disappointment for AUD/USD buyers as they once again fail to clinch a daily break above the 0.7000 mark. The drop in US trading wasn’t helped by a turnaround in market sentiment, with a slide in equities and the dollar picking up some
Gold prices continued to trade on a volatile note as hawkish comments from US Fed policymakers pushed traders to trim positions while fall in the US dollar kept the downside checked. On Thursday, gold futures erased early losses and rose marginally or 0.06% to trade at Rs 56,317 on . Earlier in the week, gold
Australian Dollar tumbles broadly today after weaker than expected job data. Overall risk-off sentiment is also pressuring commodity currencies. On the other hand, Yen and Swiss Franc are strengthening together with Dollar. As for the week, Swiss Franc and Sterling are currently the best performer, thanks to additional support from buying against Euro. Aussie and
Prices for wholesale goods and services fell sharply in December, providing another sign that inflation, while still high, is beginning to ease. The producer price index, which measures final demand prices across hundreds of categories, declined 0.5% for the month, the Labor Department reported Wednesday. Economists surveyed by Dow Jones had been looking for a