Oil prices rose in early trade on Friday on signs of improving fuel demand, though gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the outlook for rate hikes in a speech later in the day. Brent crude futures climbed 46 cents, or 0.5%, to $99.80 a barrel at
admin
The NZDUSD – like other pairs – saw dollar selling after the core PCE data – take the pair move up to test the 200 hour MA. Sellers leaned keeping the pair steady. Chair Powell came along and the comments caught hawks attention today. The price moved below the 100 hour MA (blue line at
Markets: S&P 500 down 3.4% Gold down $21 to $1737 US 10-year yield up 1 bps to 3.03% WTI crude oil up $0.34 to $92.86 USD leads, NZD lags There was a dovish lean in the market before Powell as the PCE inflation report came in soft. That was validated by Bostic as he said
In terms of prompting market volatility, Fed Chair Jerome Powell didn’t disappoint. Stocks suffered steep selloff after his Jackson Speech. While Australian Dollar was still at top of the chart, most of its earlier gains evaded on Friday, and looks set to weaken further in the near term. Dollar was the second strongest. But it
In this article M Macy’s Herald Square Flagship Department Store in Midtown Manhattan New York. Nicolas Economou | NurPhoto | Getty Images Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain to use heavy markdowns to move items off
USD/MXN remains above 19.90 but faces pressure. More losses seem likely while under 20.20. The USD/MXN is modestly higher on Friday, but it remains under 20.00. The pair found support above 19.80 and rebounded. The move higher so far shows the lack of strength, keeping the bias in favor of the Mexican peso. A consolidation
NEW DELHI: Gold prices remained subdued on Friday as investors adopted a cautious stance ahead of US Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. The key central bankers’ conference which will be watched for guidance on future interest rate hikes. The dollar index hovered near one-month highs, while benchmark US 10-year Treasury yields
The EURUSD is lower, but is still above the low for the day and the 100 hour MA. The current price is at 0.9977. The low for the day reached 0.99459. That took the price briefly below the 0.99515 level which was the low from July 14 low. The July 14 low stalled the fall
Weekend data out of China’s National Bureau of Statistics, a soft reading for Industrial Profits in July. Profits at industrial firms in China for the first seven months of the year (i.e. January – July) fell 1.1% y/y this compares with the +1.0% for January – June Earlier this month we had the July data
The forex markets are generally steady in Asian session today, as traders are still holding their bets ahead of Fed Chair Jerome Powell’s Jackson Hole speech. US stocks staged a rebound overnight, but there was little reaction elsewhere. For the week, commodity are currently the strongest, led by Aussie. European majors are the worst performers,
In this article SNOW Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. CNBC Shares of the cloud data platform provider Snowflake popped more than 17% in extended trading on Wednesday after the company released second-quarter earnings that beat analysts’ revenue expectations. Here’s how the company did: EPS: Loss
NZD/USD plunges more than 1% on Friday, in a risk-off mood. Powell said it would “bring some pain to households and businesses” in achieving the Fed’s 2% goal. US inflation readings show signs of peaking while US consumer sentiment improves. The NZD/USD dropped to fresh weekly lows of 0.8150 on Friday, following hawkish remarks by
Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise. In a Thursday update to an Aug. 16 blog post, Coinbase said it would evaluate any potential forks in the Ethereum blockchain on a “case by case basis.” The crypto exchange previously said it planned to
? FREE DOWNLOAD TRADING SYSTEM: Forex and Stocks Zero-Lagging Moving Average Price Action Trading Approach Best Forex & Stocks Trading Strategy with Dolly-Graphics System Forex & Stocks VSD Heiken Ashi “H1 Time Frame” Trading Indicators and Strategy (6907) https://forexwot.com/fantastic-swing-trading-forex-trend-turtle-channel-system-lead-to-big-profits.html
How To Do Forex Trading in Bangladesh – Forex Trading Bangla Tutorial 2022 ! ?????? ??? ???? ???? ??????? ????? ??? ?! ??? ???? ???? ???? ??????? ?????? ? ?????? ???? ???? ????? ?? ?????? ?? ????, https://t.me/hellobdmoneymaker How To Do Forex Trading in Bangladesh – Forex Trading Bangla Tutorial 2022 Do you like my
TTC Forex University – https://ttcfxuniversity.com/pre-launch-sale In this video, you will learn all you need to know to start winning trades using the support and resistance trading strategy. Time tested and proven to be profitable, support and resistance have provided me with some of my best trading opportunities, and today, I want to share my exact
Gold prices fell by Rs 254 to Rs 52,031 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 52,285 per 10 grams. However, silver, gained Rs 21 to Rs 55,979 per kg from Rs 55,958 per
The major US indices are lower and that move has now pushed the tech heavy NASDAQ index back below its 200 hour moving average of 12425.85. The low rached 12374.13. The current price is at 12399.22. Stay below would tilt the bias more to the downside. The low for the week reached 12350.16. The 38.2%