Fundamental Overview Crude oil eventually fell below the key 72.00 support zone and kept the bearish trend intact. The bulls will now need to see the price rising back above that level to regain some conviction. The latest moves came from the tariffs fears at the beginning of last week which gave the crude oil
Fundamental Overview Last week, copper had a great performance following the easing in trade war fears. In fact, we tariffs on Canada, Mexico and China weighed on the market initially but as we got the pause in tariffs for Canada and Mexico following positive talks, the market bounced back strongly. The positive sentiment continued throughout
Euro traders are closely watching EUR/USD futures (6E), now trading at 1.035 as order flow data reveals a shift in market momentum. While the Euro initially saw bullish attempts, renewed selling pressure has started to take control, raising questions about whether the market is preparing for a pullback or continuation lower. Euro Futures Order Flow
USD/JPY daily chart The dollar might have surrendered gains elsewhere on the session but USD/JPY is proving to be an exception to that at least for now. The pair is up 0.5% to 152.15 currently and is keeping underpinned in European trading. There’s not much of a catalyst but Treasury yields also holding a touch
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
Headlines: Markets: USD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.4% US 10-year yields up 1 bps to 4.496% Gold up 1.5% to $2,904.46 WTI crude up 1.3% to $71.92 Bitcoin up 1.1% to $97,592 The start to the new week is featuring more of the same theme from
The day after….no not the Super Bowl,..the US jobs report which had mostly strong. The Unemployment rate fell to 4%. The number of jobs added was less than expectations but the revisions were higher. However, benchmark revisions were lower for 2024. The earnings were higher but it could have been influenced by Wall Street bonuses.
Gold hit a new lifetime high in both domestic and overseas markets last week. Uncertainty over US trade tariffs bolstered gold’s safe-haven appeal. Firm overseas prices, a record weak Indian Rupee, and stable demand offered additional support to domestic prices. The yellow metal tested a high of $2,882 an ounce, gaining over 9 percent so
Gold prices firmed on Monday, and hovered near a record high hit in the previous session, as investors sought refuge in the safe-haven asset after U.S. President Donald Trump’s decision to impose fresh tariffs sparked concerns of a global trade war. FUNDAMENTALS * Spot gold was up 0.3% at $2,868.66 per ounce, as of 0005
Oil prices ticked higher on Monday even as investors weighed U.S. President Donald Trump’s latest tariff threat, this time on all steel and aluminium imports, which could dampen global economic growth and energy demand. Brent crude futures climbed 40 cents, or 0.5%, to $75.06 a barrel by 0133 GMT while U.S. West Texas Intermediate crude
Gold April futures contracts on the MCX opened significantly higher on Monday, reaching a new all-time high of Rs 85,300 per 10 grams, up by 0.48% or Rs 412. This surge followed concerns over US President Donald Trump’s plans to impose a 25% tariff on steel imports and reciprocal tariffs on various countries. Meanwhile, silver
Dollar faced significant volatility last week as shifting trade policy signals from the White House left investors scrambling for clarity. Initially, tariffs on Canadian and Mexican imports were imposed, only to be quickly suspended for 30 days following new agreements on border security and fentanyl control. Now, the focus turns to “reciprocal tariffs,” a move
Trade tensions remain at the forefront of market concerns as the US prepares to roll out another wave of tariffs. Over the weekend, President Donald Trump confirmed plans to impose a 25% tariff on all steel and aluminum imports, adding to the existing duties on these metals. The official announcement is expected today. Meanwhile, “reciprocal
Even if the U.K. is not the “direct recipient” of potential tariffs imposed by the U.S., “it will have an effect,” Bank of England Governor Andrew Bailey said Thursday. If tariffs are announced, their effect on the global economic growth and inflation would need to be looked at, Bailey told CNBC’s Steve Sedgwick. “Now I
A hiring sign is posted on the door of a Taco Bell in Alexandria, Virginia, on Aug. 22, 2024. Anna Rose Layden | Getty Images The U.S. labor market likely began 2025 in solid fashion, in a bit of a step down from where it closed the previous year. When the Bureau of Labor Statistics
Many databases from the U.S. Census Bureau appeared to be unavailable to the public on Thursday, with users being told access was “forbidden” when attempting to download common datasets. Several data experts told CNBC that they were receiving the same error message on files that are routinely available. “My staff tried numerous economic releases, and
Job creation was lower than expected in January, though the unemployment rate edged down and worker wages rose sharply, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls climbed by a seasonally adjusted 143,000 for the month, down from an upwardly revised 307,000 in December and below the 169,000 forecast from Dow Jones. The unemployment
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Entertainment | Getty Images Amazon said Thursday that revenue growth from its cloud-computing business slowed slightly to
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