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Dollar continued to weaken in early US session, erasing the strong gains it enjoyed following Donald Trump’s election victory. The greenback has turned negative for the week against several major currencies, suggesting that the initial post-election optimism has waned. Investors are now shifting their attention to Fed’s upcoming rate decision for guidance on Dollar’s next

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

ETMarkets.com| Nov 07, 2024, 02:40:51 PM IST 1/6 Bearish Shift? Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday’s trading session, five stocks witnessed a long unwinding. Here’s the list: ETMarkets.com 2/6 Berger Paints

Dollar saw a modest pullback in Asian session today, easing off its sharp post-election rally as market enthusiasm stabilized. US equities, including DOW, S&P 500, and NASDAQ, all closed at record highs overnight on strong gains, with DOW particularly outperforming. Meanwhile, 10-year Treasury yield surged to a crucial Fibonacci resistance level that could prove pivotal.

Japan wages data shows that ‘real’ wages, ie after adjustment for inflating prices, fell in September. September Labour Cash Earnings+2.8% y/y expected +3.0%, prior +2.8% Real Cash Earnings -0.1% y/y, falling for the second month in a row expected +0.1%, prior –0.8% — Real wages are a critical indicator of consumer purchasing power in Japan,

Written by , ETMarkets.com| Nov 06, 2024, 08:12:21 PM IST 1/5 Stock Ideas The Nifty opened on a strong note in Wednesday’s session and thereafter continued to inch upwards on the back of short covering in technology, metal, and auto sectors.“The index has closed near its resistance zone of 24500 and a close above that can

Following Donald Trump’s clear victory over Kamala Harris in the US presidential election, accompanied by a full Republican “Red Sweep” in Congress, US futures, Treasury yields, and the Dollar all surged sharply higher. Markets are responding favorably to expansionary fiscal policies, tax cuts, and a pro-growth agenda under the new administration. Major European indexes also

Final Services PMI 51.6 vs. 51.4 expected and 50.6 prior. Final Composite PMI 48.6 vs. 48.4 expected and 47.5 prior. Key findings: HCOB Germany Services PMI Business Activity Index at 51.6 (Sep: 50.6). 3-month high. HCOB Germany Composite PMI Output Index at 48.6 (Sep: 47.5). 3-month high. New business falls for second month running, leading

Final Services PMI 51.6 vs. 51.4 expected and 50.6 prior. Final Composite PMI 48.6 vs. 48.4 expected and 47.5 prior. Key findings: HCOB Germany Services PMI Business Activity Index at 51.6 (Sep: 50.6). 3-month high. HCOB Germany Composite PMI Output Index at 48.6 (Sep: 47.5). 3-month high. New business falls for second month running, leading

Prior 51.4 Composite PMI 50.0 vs 49.7 prelim Prior 49.6 The euro area economy kicks start Q4 in stagnation mode with heavyweights Germany and France dragging down the overall performance. A further weakening in demand conditions is to blame but just be wary that employment conditions are also seen worsening. The latter is seeing its

Prior 51.4 Composite PMI 50.0 vs 49.7 prelim Prior 49.6 The euro area economy kicks start Q4 in stagnation mode with heavyweights Germany and France dragging down the overall performance. A further weakening in demand conditions is to blame but just be wary that employment conditions are also seen worsening. The latter is seeing its

The dollar continues to hold higher across the board but not really pushing further upside in European morning trade. USD/JPY is up 1.5% to 153.95 with the earlier high touching 154.37. Meanwhile, EUR/USD is seen down 1.5% to 1.0765 but well off lows of 1.0702 when Trump was more or less a shoo-in to win

Construction PMI 54.3 vs 55.5 expected and 57.2 prior. Key findings: Civil engineering remains best-performing category, followed by commercial work. Renewed decline in house building. Business optimism slips to ten-month low. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “The construction sector signalled another month of solid output growth in October, despite

The NYT projection has Republicans with 194 seats and Democrats with 173 seats at the moment. And among the key ‘competitive’ districts here, there are still 45 left to officially report. That said, some of the votes are likely to be called imminently. So, let’s take a look at some important details that have surfaced

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

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

US Treasury 10-year yields (%) daily chart That is the highest level in four months and carries on from the surging run since October. And this is in part fueling the dollar gains on the day with EUR/USD now down nearly 2% at 1.0715 and USD/JPY up 1.7% to 154.15 currently. Trump’s domestic policies are

Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as OPEC+ delayed plans to hike production in December and eased supply concerns. Brent crude futures fell 15 cents, or 0.2%, to $74.93 a barrel by 0106 GMT while U.S.