US ISM Services PMI dropped into the contraction territory below 50 in April. US Dollar Index stays in negative territory below 105.00. Business activity in the US service sector contracted in April, with the ISM Services PMI edging lower to 49.4 from 51.4. in March. This reading came in below the market expectation of 52.0. Other details
The S&P 500 has been consolidating around the 5000-5100 range for more than two weeks now with the market awaiting the key US data as it’s getting more and more wary of the inflation risk that could lead to more tightening. The more dovish than expected Fed’s decision and Powell’s press conference led to a
Amid easing Middle East tensions, safe haven buying in bullion seems to be diminishing as gold prices on MCX for June futures contracts fell by Rs 102 or 0.14% on Friday to trade at Rs 70,634 per 10 grams while MCX July silver contracts were down by Rs 44 or 0.05% to Rs 81,319 per
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
Dollar weakens broadly in Asian session, continuing its selloff from the previous night, as influenced by rebound in US stocks and falling treasury yields. The focus is now squarely on today’s non-farm payroll report, a key indicator closely monitored by Fed policymakers. Preliminary data suggest possibility for an upside surprise in the jobs figures For
A Turkish national flag, left, and a flag bearing the portrait of Kemal Ataturk, founder of the modern Turkish republic, hang from the exterior of a building in the Sisli district of Istanbul, Turkey, on Monday, Aug. 29, 2022. Bloomberg | Bloomberg | Getty Images Turkey’s inflation accelerated to 69.8% annually for the month of
Apple did it again: Despite all the worries about China, the consumer tech giant hit back with beats on the top and bottom lines, sending shares up 6% in after-hours trading. This is why we own it. This is why we don’t trade it. Apple’s fiscal first quarter revenue hit $90.75 billion, down 4% from
Indian Rupee drifts higher on Friday amid the softer Greenback. The positive outlook in the Indian economy and capital inflows support the INR. Investors await the US ISM Services PMI and the employment data on Friday. Indian Rupee (INR) gains momentum on Friday as the cautious comments by the Federal Reserve (Fed) Chair Jerome Powell
S&P index trades between 50 and 100 day MAs The S&P index is trading higher and near session highs. The current price is up 36 points at 5054.25. The high for the day reached 5058.01. That puts the price near the middle between key day MAs. On the downside, is the 100-day MA at 4979.26.
LONDON -Oil edged back towards the previous day’s seven-week low on Thursday, paring earlier gains, after U.S. data pointed to persistent labour market strength and further dimmed prospects of an early decline in U.S. interest rates. Brent crude futures for July were up 40 cents, or 0.5%, at $83.84 a barrel by 1332 GMT, having
Judo Bank S&P Global PMI Final for April 2024 Services 53.6 preliminary was 54.2, prior was 54.4 Composite 53.0 preliminary was 53.6, prior was 53.3 Still solidly in expansion for both. Not so for the other PMI released earlier this week: – From the services PMI report, in brief: Matthew De Pasquale, Economist at Judo
Swiss Franc saw a significant rebound in European session, driven by stronger-than-expected inflation figures for April. Despite this upside surprise, inflation remained within SNB’s target range of 0-2% for the eleventh consecutive month. Currently, economists are still largely anticipating a further 25 basis point rate cut by SNB in June, which would adjust the policy
A jobseeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, on April 11, 2024. Allison Joyce | Bloomberg | Getty Images Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. Nonfarm payrolls
In this article AMGN Follow your favorite stocksCREATE FREE ACCOUNT The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023. Mario Tama | Getty Images Amgen on Thursday said it will stop developing its experimental weight loss pill and instead move forward with its injectable drug and other products
Oil took it on the chin with a 5.5% in just three trading days. WTI Oil’s recovery to $80 gets cut short by positive news from Hamas. The US Dollar Index holds ground above 105.50 and trades flat ahead of weekly Jobless Claims. Oil prices are giving up their gains for this Thursday and are at risk
Apple Inc. (AAPL) earnings preview: I am looking at a possible 5% decline As Apple Inc. gears up to release its earnings after market close on May 2, 2024, all eyes are on the potential market reactions. Historically, Apple’s earnings have been a significant catalyst, but given the technical and options market data, there are
After the Fed kept interest rates unchanged, gold prices on MCX for June futures contracts rose Rs 390 or 0.55% on Thursday to trade at Rs 71,115 per 10 grams while MCX July silver contracts rose Rs 124 or 0.15% to Rs 81,351 per kg. Gold prices increased as the Federal Reserve indicated a less
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