A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Shares of Volvo Cars rose sharply on Thursday after the company reported a jump in annual operating profit for the second quarter. By 9:04
Gold price appreciates due to the high likelihood of a rate-cut decision by the Fed in September. Fed Governor Christopher Waller stated that the central bank is ‘getting closer’ to an interest rate cut. Gold may limit its upside as US Treasury yields rebound. Gold price (XAU/USD) edges higher to near $2,470 per troy ounce
As the US trading session draws to a close, the USD/CHF has reached a key swing target area between 0.8818 and 0.88267. This level is crucial for both buyers and sellers. For dip buyers, it offers a low-risk entry point; if the price falls below this range, exiting is advisable to avoid potential market breaks.
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 ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to $83.16. Brent climbed 1.6% on Wednesday, and WTI rose 2.6%. U.S. crude
Forex markets have been relatively subdued today. Sterling remains steady after June’s UK CPI data revealed that both headline and core inflation were unchanged from the previous month. Significantly, services inflation also failed to cool, which could keep BoE cautious about making a premature rate cut on August 1. Some key members of the MPC
Alexander Spatari | Moment | Getty Images U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday. The headline reading came in above analyst expectations at 1.9%, according to economists polled by Reuters, and was in line with the previous 2% reading in May. Sterling rose
Here’s a rapid-fire update on all 34 stocks in Jim Cramer’s Charitable Trust, the portfolio we use for the CNBC Investing Club. During the July Monthly Meeting on Wednesday, Jim analyzed the portfolio through the lens of how a Donald Trump victory in the November election would impact our stocks. Apple : If Trump wins
Dow Jones climbs on Wednesday as Fedspeak keeps rate cut hopes pinned. Fed rate cut expectations have fully priced in a September rate cut. One last batch of US inflation figures remains before the Fed’s July rate call. The Dow Jones Industrial Average (DJIA) clipped into further gains on Wednesday, extending the week’s hard rally
The NZDUSD fell sharply yesterday and in the process tested the 50% midpoint of the move up from the April low and also a trendline support level on the 4-hour chart. The subsequent bounce off of the USD selling has in the price extend above the 100 day moving average at 0.60629, 200 day moving
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 rise on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles and a weaker dollar overshadowed signs of weakening demand in China. Brent crude oil futures were up 55 cents, or 0.7%, at $84.28 a barrel by 1242 GMT. U.S. West Texas Intermediate crude futures
Yen surged significantly against all major currencies during European session, with speculation on whether Japan has intervened again in the markets. Last week, it was rumored that Japanese authorities had spent JPY 3.5 trillion to prop up Yen. Despite this, top officials have been tight-lipped, refusing to confirm any direct actions. Outgoing top currency diplomat
Golden Horn and Bosphorus at sunset, Istanbul, Turkey Matteo Colombo | Digitalvision | Getty Images Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a result that may come as surprising, given the country’s high levels of inflation. “Türkiye stands out with a staggering growth
It’s been another great run for stocks since the Club’s last monthly meeting in June. The likelihood the Federal Reserve will lower interest rates sooner than later after recent upbeat inflation data pushed stocks to new highs over the past few weeks. Traders now see the odds of a rate cut by September at 100%
USD/CAD faces challenges as the commodity-linked CAD struggles due to lower Oil prices. WTI Oil price depreciates due to a slowing Chinese economy but its downside could be limited by lower US Oil stockpiles. Traders await speeches from Fed officials Thomas Barkin and Christopher Waller on Wednesday. USD/CAD retraces its recent losses from the previous session, trading
The EURUSD moved lower in the US session and in the process moved down to test the 50% midpoint of the trading range since the December 2023 high. That level comes in at 1.08695. The current price is at 1.0888. The bounce off that support target is a key bounce and bullish signal. Going back
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