Australian Dollar leads other commodity currencies lower in Asian session today, reflecting a broader risk-off sentiment in the markets. The market’s risk-off sentiment is further emphasized by the strength of Yen and Swiss Franc, currencies typically favored during periods of uncertainty. Nikkei has slipped below the 40k mark, while China’s Shanghai SSE is down over
A Ryanair passenger plane lands at Cologne/Bonn Airport. Thomas Banneyer | Picture Alliance | Getty Images Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. At 8:35 a.m. London time, Ryanair shares were down by 11.4%.
The FX universe traded mostly within a range bound theme, as investor assessed the political front in the US, while cautiousness kicked in ahead of important data releases due later in the week. Here is what you need to know on Tuesday, July 23: The USD Index (DXY) saw its recent uptick somewhat curtailed, faltering
NZDUSD continues the run lower The NZDUSD has continued its run lower (SEE CHART ABOVE) started last week after the pair initially found resistance against its 100 bar moving average on the 4-hour chart (higher blue line at 0.6082 at the time), 100-day moving average at 0.6060, 50% midpoint of the move up from the
We are Day 1 of the transition to a new Dem candidate for President after Biden stepped down from his run for President yesterday. Assuming VP Kamala Harris is the nominee, who might be her VP running mate? That choice will most likely be from one of the key swing states.. Those key states include,
Gold August futures along with silver September futures contracts opened flat on Monday as the former opened up by 0.27% or Rs 194 at Rs 73,184 per 10 gram while the latter opened up by 0.03% or Rs 30 at Rs 89,676 per kilogram. Gold prices went down Rs 1,100/10 gm in the last 2
Australian Dollar continues to lead the decline among commodity currencies today, with the selloff appearing to accelerate. Despite stabilization in risk sentiment in Europe where major indexes are trading positively, and US futures, particularly NASDAQ, pointing to a stronger open, overall sentiment remains vulnerable. This fragility is largely due to political uncertainty in the US
In this article GM F STLA Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and
There is scope for the Australian Dollar (AUD) to drop below 0.6660; it is too early to determine if 0.6640 is within reach, UOB Group FX strategists Quek Ser Leang and Peter Chia note. Is set to test 0.6640 24-HOUR VIEW: “We indicated last Friday that AUD could dip below 0.6680. We also indicated that
Fundamental Overview The Nasdaq has been on the backfoot recently as the goldilocks data led to a strong rotation into small caps stocks. Yesterday, there was general weakness across all the indices although it wasn’t triggered by any catalyst. The fundamentals haven’t changed, on the contrary, they strengthened the case for a soft landing. The
The report cites three sources familiar with the matter. And it pertains to Nvidia’s “Blackwell” chip series, which was unveiled during March. The chip is due to be mass produced later this year with the sources saying Nvidia will work with Inspur, who is one of the firm’s major distributors in China, on the launch
Gold prices edged higher on Monday, aided by a softer dollar and expectations of a U.S. interest rate cut, while spotlight shifted to economic data for further insights into the Federal Reserve‘s monetary policy path. FUNDAMENTALS * Spot gold was up 0.3% at $2,408.19 per ounce, as of 0017 GMT. Prices scaled an all-time high
A Samba shoe on Oct. 12, 2023, in Berlin, Germany. Thomas Trutschel | Photothek | Getty Images Shares in Adidas rose on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected preliminary results for the second quarter. Adidas rose close to 5% after markets opened on Wednesday and
Friday’s trading session saw the NZD/JPY pair resuming its losses, exacerbating the bearish momentum. Cross ends the week with a near 2% loss. Sellers are pointing towards the 100-day SMA. In Friday’s trading session, the NZD/JPY pair extended its losses and slumped to 94.65, marking a 0.50% decline. Even though a slight rebound occurred on
As the North American session begins, the USD is the strongest and the NZD is the weakest. UK retail sales was weaker overnight (-1.2% versus -0.6% estimate) The big news is the global downage as a result of a software update at Crowdstrike that then impacted Microsoft (and others) grounded airlines and impacted many businesses
UPCOMING EVENTS: Monday: PBoC LPR. Wednesday: Japan/Australia/Eurozone/UK/US Flash PMIs, BoC Policy Decision. Thursday: US Durable Goods Orders, US Jobless Claims, US Q2 Advance GDP. Friday: Tokyo CPI, US PCE. Monday The PBoC is expected to keep the LPR rates unchanged at 3.45% for the 1-year and 3.95% for the 5-year. The central bank left the
Oil prices were roughly flat on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. Brent futures were up 1 cent to $85.09 a barrel by 11:41 a.m. EDT (1541 GMT). U.S. West
In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT United Airlines planes at Denver International Airport. Leslie Josephs | CNBC United Airlines‘ second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier’s results, but its third-quarter forecast came in shy of estimates as an oversupply of