The AUDUSD is falling to a new session low, and in the process is looking toward the October low at 0.62849. That was also the lowest level going back to early November 2022 (nearly 1 year ago). In trading yesterday, the price fell sharply on US dollar buying after the higher than expected CPI and
Sat: New Zealand General Election Mon: New Zealand CPI (Q3), PBoC MLF Tue: RBA Minutes, German ZEW Survey (Oct), US Retail Sales (Sep), Canadian CPI (Sep) Wed: Chinese GDP (Q3), Chinese Industrial Output (Sep) and Retail Sales (Sep), UK Inflation (Sep), EZ Final HICP (Sep) Thu: BoK Announcement, Bank of Indonesia Announcement, Japanese Trade Balance
Global oil prices held steady near $85 a barrel, but traders remain cautious following the eruption of violence between Israel and Hamas, which could potentially disturb the oil supply chain in the Middle East. Prices clocked one-year highs at the end of September, driven by worries about supply shortages after a surprise extension of voluntary
Share: The GBP/JPY extended losses into Friday trading, tapping into 181.27 and ending the week on the low side. The Pound Sterling rose to 183.82 in the mid-week, but bad data buds and souring market sentiment sent the Guppy back into the week’s lows. Coming up next week: UK labor and wages figures on Tuesday,
GBPJPY tests/breaks below 100 day MA Looking at the daily chart, the 100 day moving average currently comes in at 181.64. The price has just dipped below that level and currently trades at 181.57. Admittedly, earlier this month, the price fell below the moving average level for the 1st time since March 2023, but could
Yesterday, we got an enormous US crude oil supply build, erasing five weeks of draws. It was coupled with data showing US oil production at the highest ever. Yet today we have oil up $4.69 to $87.56 and above the post-Hamas attack peak. WTI daily I highlight the fibonacci retracement levels from the October rout
Ferrari will accept cryptocurrency payments for its luxury sports cars in the United States due to customer demand. The carmaker also plans to accept crypto payments in Europe. According to an Oct. 14 report from Reuters, Ferrari’s chief marketing and commercial officer, Enrico Galliera, confirmed the intentions of the luxury car brand. Ferrari’s choice to
Gold prices have seen a notable weekly gain of more than 3%, marking their first increase in four weeks. This surge is primarily attributed to ongoing geopolitical tensions, notably the recent conflict between Israel and Hamas. The surprise attack by Hamas on Israel has escalated the situation, leading Israel to declare war. The United States
The abrupt escalation in conflicts in the Middle East significantly influenced the global financial markets last week, causing capital influx into safe-haven assets. Amidst the military confrontations, Gold and other precious metals experienced a sharp surge in value. Oil prices also saw a rebound, reflecting the geopolitical tensions. While Treasury bonds reaped some advantages, equity
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023. Nathan Howard | Bloomberg | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening
Share: Mexican Peso stalls the USD/MXN rally towards 18.00, as the pair clings to losses of 0.02%. The University of Michigan consumer sentiment indicates growing pessimism amongst Americans as inflation expectations rise. Dovish comments from Fed officials, including Philadelphia Fed President Patrick Harker, suggest a rate hike pause. Mexican Peso (MXN) calmly stands off against the US
Crude oil prices surge today The price of WTI crude oil is extending above the $87 level to a high of $87.37. Oil prices have surged today following the U.S.’s enhancement of sanctions against Russian crude exports, amplifying supply anxieties in an already constrained market. The U.S. targeted tankers carrying Russian oil priced above the
Markets: Gold up $60 to $1928 Oil up $4.74 to $87.65 US 10-year yields down 7.9 bps to 4.62% S&P 500 down 0.6% CHF leads, NZD lags This isn’t the kind of price action anyone wants to see while bombs are flying in the Middle East. The strength of the rallies in gold and oil
Gold prices jumped nearly 3% on Friday and were set for their best week in seven months, as conflict in the Middle East lifted safe-haven demand for the metal, combined with expectations that the U.S. interest rates may have peaked. Spot gold was up 2.8% at $1,921.39 per ounce by 1134 a.m. ET (1534 GMT).
Dollar staged a notable comeback overnight, accompanied by a sharp ascent in treasury yields and a downtick in stocks. This resurgence was catalyzed by the release of US CPI data that stoked concerns of another Fed rate hike this year. However, this speculation has yet to be significantly mirrored in futures pricing, which currently pegs
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | Reuters JPMorgan Chase delivered strong profits for the third quarter along with a stern warning Friday from its top executive about
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023. Justin Sullivan | Getty Images Wells Fargo on Friday surpassed Wall Street expectations for third-quarter earnings and revenue as the benefit from higher interest rates offset slowing
Share: AUD/USD touches new weekly lows at 0.6289, trading with losses of 0.32%. The University of Michigan’s Consumer Sentiment in the US deteriorates, with inflation expectations rising. China’s struggling economy and Middle East geopolitical tensions further dampen AUD sentiment. The Australian Dollar (AUD) touched new weekly lows of 0.6289 against the US Dollar (USD) courtesy