Dollar weakened broadly in early US session as reports from The Wall Street Journal indicated that Donald Trump, during his inauguration, will only outline his trade vision but avoid imposing new tariffs for now. While this temporarily calms market fears of immediate disruptions, the situation remains dynamic, and unexpected developments could trigger sharp reversals, especially
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In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Wednesday. Here’s what
EUR/GBP edges 0.23% higher on Monday, climbing to 0.8460 with an intraday high of 0.8475. RSI points to overbought conditions yet still allowing further upside. MACD histogram features rising green bars, confirming the pair’s sustained bullish momentum. The EUR/GBP cross advanced further on Monday, reaching 0.8460 and briefly peaking at 0.8475. This steady push higher
TradeCompass for January 20, 2025: Japanese Yen Futures (6J) Analysis The Japanese yen futures (6J) are currently trading at 0.0064570, placing the market in bullish territory, as the price has moved above the January 15th Value Area High (0.0064530). This level serves as a critical threshold for determining potential upside momentum in today’s trading session.
The dollar is down as markets are bracing for Trump’s inauguration later in the day. The early signals is that there won’t be anything too significant on the tariffs front and that is putting the dollar off slightly. Trump and Xi also had positive talks over the weekend with the former tweeting this: “I just
Gold prices declined on Monday, 20 January, as investors awaited clarity on the incoming US administration’s policies from President-elect Donald Trump‘s inauguration speech, which could provide further insights into the Federal Reserve‘s interest rate trajectory. As of 10:11 am, February gold futures were trading at Rs 78,896 per 10 grams on the MCX, down by
In this article C Follow your favorite stocksCREATE FREE ACCOUNT Citigroup shares jumped Wednesday after fourth-quarter earnings beat estimates on the top and bottom lines, reflecting broad strength across the bank. “2024 was a critical year and our results show our strategy is delivering as intended and driving stronger performance in our businesses. Our net
The Japanese Yen strengthens in reaction to the upbeat Core Machinery Orders data. Firming expectations for an additional BoJ rate hike this week also underpin the JPY. A modest USD downtick further contributes to the USD/JPY pair’s intraday decline. The Japanese Yen (JPY) attracts some dip-buyers following the release of the upbeat Core Machinery Orders
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
UPCOMING EVENTS: Monday: PBoC LPR,US Presidential Inauguration Day, BoC Business Outlook Survey, New Zealand Services PMI. Tuesday: UK Employment report, German ZEW, Canada CPI, New Zealand Q4 CPI. Thursday: Canada Retail Sales, US Jobless Claims. Friday: Japan CPI, BoJ Policy Decision, Australia/Japan/Eurozone/UK/US Flash PMIs. Monday The PBoC is expected to keep the LPR rates unchanged
– Gold prices hit more than one-month highs on Thursday in early Asian hours after data showed U.S. core inflation rose less than expected in December, raising hopes that the Federal Reserve could ease interest rates further. FUNDAMENTALS * Spot gold was flat at $2,695.84 per ounce, as of 0051 GMT, after hitting its highest
U.S. President Joe Biden delivers remarks on the U.S. economy and his administration’s effort to revive American manufacturing, during his visit in Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South Carolina, U.S. July 6, 2023. Jonathan Ernst | Reuters To the untrained eye, Joe Biden leaves the presidency with what
BlackRock reported better-than-expected earnings Wednesday, lifting shares of the asset management giant higher as it embarks on a pivotal year of expansion into fast-growing markets. Revenue of $5.68 billion in the three months ended Dec. 31 exceeded expectations of $5.49 billion, according to LSEG. Adjusted earnings per share (EPS) of $11.93 topped the consensus estimate
Mexican Peso recovers as China’s 5% GDP growth for 2024 boosts global sentiment. EU-Mexico trade agreement revival pre-Trump inauguration boosts Peso optimism. IMF and World Bank predict modest Mexican growth in 2025, cite domestic and US political risks. The Mexican Peso (MXN) stages a recovery after weakening to a new yearly low of 20.93 and
The USDCAD moved higher in the North American session and in doing so, stretched to the high of a “Red Box”: that has confined the pair going back to mid-December (see chart below). That level comes in at 1.44666. The high price stalled just short of that level at 1.44635. Conversely, earlier this week, the
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
Oil prices rose for a second day on Thursday after a larger-than-expected decline in U.S. crude oil stockpiles added to supply concerns stoked by U.S. sanctions against Russian energy trade. Brent crude futures rose 30 cents, or 0.4%, to $82.33 per barrel by 0120 GMT, after rising 2.6% to its highest since July 26 in
Global markets are buzzing in anticipation of Donald Trump’s inauguration on January 20, yet the latest developments suggest investors may already be looking past the immediate impact. Despite speculation surrounding Trump’s policies—particularly tariffs—various benchmarks and asset classes are charting their own directions based on localized drivers and monetary policy expectations. In the US, the strong
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