Euro is trading lower across the board today, additionally dragged down by weaker-than-expected consumer sentiment data out of Germany. This latest indicator has added fuel to concerns that Eurozone’s largest economy may become a drag on the broader region, heightening risk of a looming recession. Meanwhile, Dollar and Swiss Franc also demonstrated weakness, but this
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022. Jim Vondruska | Reuters Best Buy on Tuesday surpassed Wall Street’s quarterly sales expectations, but tempered its outlook for the rest of the year
Share: GBP/USD retreats on US Dollar recovery, trades near 1.2630 GBP/USD trades lower around 1.2630 on the back of a recovery in the US Dollar (USD), which could be attributed to the improvement in US Treasury yields snapping a two-day losing streak. The US Dollar Index (DXY), which measures the performance of the Greenback against
A trio of researchers from the University of Cincinnati recently developed a Crypto Literacy Scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer and policy-maker understanding of cryptocurrencies and related technology. The team’s research paper, titled “Measuring Crypto Literacy,” details the gap between traditional financial literacy and crypto
USDJPY tests a cluster of support The USDJPY is reversing hard to the downside as yields fall after weaker US data. The 2-year yield is now down -12.2 basis points. The 10-year yield is now down -8.1 basis points. The fall in the USDJPY has taken the price from 147.368 to 145.886. That has the
USD/JPY is having a look at 146.00 after touching a 2023 high of 147.36 earlier today. It’s a rapid turnaround as the market re-evaluates the path of Federal Reserve rates and the strength of the US economy. USDJPY 10 mins The drop of more than 120 pips threatens a spinning top formation on daily and
Oil prices were little changed on Tuesday as investors weighed supply concerns from a hurricane hurtling towards the U.S. Gulf Coast against the enduring possibility of demand being dented by another increase to U.S. interest rates. Brent crude edged up by 3 cents to $84.45 a barrel by 1332 GMT while U.S. West Texas Intermediate
In a relatively uneventful trading day, the notable standout is the rally in the USD/JPY currency pair, which has now reached its highest level this year. The bullish momentum for Dollar against Yen raises questions about whether traders are positioning themselves ahead of crucial employment and inflation data set to be released from the US
In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago
Share: Mexico’s Q2 GDP growth comes in below expectations at 0.8% QoQ, pushing USD/MXN higher as Banxico holds rates steady at 11.25%. US Job Openings declined to 8.827M, well below estimates, causing odds for a September rate hike to drop from 78% to 86.5%, according to the CME FedWatch Tool. Despite mixed US economic data,
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The quick rise in the US real yields and the US Dollar in August weighed a lot on Gold and the yellow metal sold off with very shallow pullbacks along the way. Recently, the less hawkish comments from Fed members and the miss in the US PMIs gave Gold some support as the Treasury yields
Major currencies aren’t doing a whole lot though the dollar is mildly softer as we look towards European morning trade. The ranges are still relatively narrow, so let’s see if there will be any appetite to stretch them out later on. Stocks are at least enjoying a decent showing since Friday last week, with the
Gold futures traded positive in early trade on Tuesday amid weakness in dollar index (DXY) and slippages in the US bond yields ahead of the inflation and jobs data scheduled for a release this week. The MCX October gold futures were trading up by Rs 85 or 0.14% from the Monday closing price at Rs
Asian equities witnessed an upswing today, buoyed by China’s announcement of several initiatives aimed at enticing investors back into the market. Among these measures, the decision to trim the stamp duty on stock transactions and a more gradual roll-out of initial public offerings captured investors’ attention. Adding to the positive sentiment was the unexpected move
Share: USD/JPY prints the first daily loss in four despite lacking downside momentum of late. Japan government report cites ‘inflection point’ in 25-year battle with deflation, teases BoJ hawks amid softer yields. Downbeat Japan employment data, mixed concerns about inflation keep Yen pair buyers hopeful. US CB Consumer Confidence, yields eyed for fresh impulse. USD/JPY