Tertiary Industry Activity Index for October 2024: +0.3% m/m expected -0.1%, prior -0.2% This adds to generally improving data we have had earlier in the session (link to these are near the bottom of this post). *** Recent results: September 2024: The index slightly decreased to 102.3, a 0.2% decline from August’s 102.5. August 2024:
USD/JPY traded higher today, towards 154.00. There was a slew of data releases from the country, and, on balance, the indicators were encouraging: PMIs improved (manufacturing did remain in contraction for the 6th month in a row though) Machine orders improved (a volatile data set though) The Tertiary Industry Activity Index (a service sector indicator)
Gold prices firmed on Monday as investors turned their focus on the Federal Reserve’s meeting on Dec. 17-18, when it is widely expected to deliver its third interest rate cut this year. FUNDAMENTALS * Spot gold held ground at $2,649.53 per ounce, as of 0037 GMT. U.S. gold futures eased 0.3% to $2,668.00. * Investors
The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential
Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited however by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents,
Gold February futures contracts at MCX opened flat today at Rs 77,058 per 10 gram, which is down by 0.1% or Rs 78 while silver March futures contracts were trading at Rs 90,956/kg, down by 0.05% or Rs 45. Gold prices fell by Rs 1,900/ 10 grams in the last 3 days while silver prices
Dollar ended as the strongest performer last week, boosted by a surge in U.S. Treasury yields following persistent inflation data. Despite expectations of another 25bps rate cut at the upcoming FOMC meeting, stubborn price pressures are likely to slow the pace of policy easing next year. Adding to the caution, inflation uncertainties under the incoming
Financial planning. Budgeting. Expense tracking. Profit and loss analysis. Data analysis. Spreadsheet software. Productivity. Efficiency. Financial literacy. Personal finance. Business finance. Natalia Gdovskaia | Moment | Getty Images As Adinah Caro-Greene maps out her financial future, there’s a variable that may have held less weight for previous generations: her child. The employee benefits broker said
The Japanese Yen drifts lower against its American counterpart for the sixth straight day. Expectations that the BoJ will keep rates steady this week continue to weigh on the JPY. Elevated US bond yields contribute to driving flows away from the lower-yielding JPY. The Japanese Yen (JPY) continues losing ground against its American counterpart on
Gold price stages a modest recovery from a one-week low touched earlier this Monday. Geopolitical tensions, softer US bond yields and USD benefit the safe-haven XAU/USD. Bets for a less dovish Fed warrant caution for bull ahead of the FOMC meeting this week. Gold price (XAU/USD) ticks higher following an Asian session downtick to the
USD/CAD maintains its position below the multi-year high of 1.4245 marked on Friday. CME FedWatch tool suggests full pricing in a quarter basis point cut by the Fed on Wednesday. The Canadian Dollar faced challenges as the BoC eased its monetary policy aggressively. USD/CAD inches lower after marking a multi-year high of 1.4245 on Friday, trading
The USDCAD moved higher today, extending to a new 4+ year high of 1.4243, surpassing levels last seen in April 2020. The next key target is 1.4264, the high from April 2020. A break above this level could pave the way for further upside momentum. Why Multi-Year Highs Matter When an asset trades at multi-year
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
The NZDUSD is trading at a new 2024 low today, reaching 0.5753, positioning the price near the midpoint of key swing lows from November 2022 and end of October 2023: 0.5739 (November 2022 low) 0.5772 (October 2023 low) A break below this support area would strengthen the bearish bias, encouraging traders to probe lower levels.
US yields are trading at fresh highs, with the 10-year yield up 7.0 basis points today to 4.395%. This marks a 24-basis-point gain for the week, the largest 1-week jump since mid-January 2024. The rising yields have fueled a strong rally in the USDJPY, which continues to track higher. Key Technical Levels and Price Action
GBPUSD Technical Analysis: Sellers Regain Control The GBPUSD started the week in a choppy trading range, with buyers repeatedly testing the 200-bar moving average (MA) on the 4-hour chart. Over the first four days (and last Friday), the price briefly moved above this MA multiple times, but each attempt quickly failed. On Thursday, buyers gave
The EURUSD is ending the week lower after an up-and-down path to the downside. The move to the downside fell below a cluster of MAs with the 200 hour MA being the one that has put a lid on the pair on Tuesday, Wednesday, Thursday and again on Friday. That ceiling increases the 200 hour
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
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