The price of copper is lower today with the price down -$0.11 to $4.565, but for the month the price rose 14% which represents the largest move since January 2021. The price of the front contract traded to the highest level since April 2022 today with a high at $4.6945, before rotating to the downside
Gold prices slipped more than 1% to a one-week low on Tuesday due to an uptick in the dollar and U.S. Treasury yields, although strong safe-haven demand and central bank buying kept bullion on track for its third consecutive monthly gain. Spot gold fell 1.7% to $2,394.08 per ounce, as of 11:01 a.m. ET (1501
Judo Bank S&P Global Manufacturing PMI final April 2024 from Australia comes in at 49.6 the preliminary reading was 49.9, prior was 47.3 Manufacturing nearly jumped into expansion at a 3-month high, but not quite hitting the 50 line. Warren Hogan, Chief Economic Advisor at Judo Bank, in brief: Manufacturing activity improved sharply in April
Dollar’s rebound is picking up momentum in early US session, bolstered by latest Employment Cost Index which rose by 1.2% in Q3, marking the fastest pace since Q3 2022. This unexpected acceleration in employment costs adds to a series of economic data that suggests the US economy remains hotter than preferred. Especially, persistently elevated services
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024. Kent Nishimura | Getty Images News | Getty Images Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely
In this article SMCI Follow your favorite stocksCREATE FREE ACCOUNT Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Super Micro shares slipped
Gold price falls on improving risk sentiment and an higher-than-expected rise in US employment costs. Positive gains in Asia, strong US earnings and robust European GDP data have all helped boost sentiment. Gold price may be unfolding a Measured Move price pattern lower on the charts. The Gold price (XAU/USD) weakens to just above the $2,300 level
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. The US Q1 GDP surprisingly missed expectations although the
While gold gets plenty of traction, silver is (wrongly) looked upon as the poorer cousin. Traditionally, silver has been popular among the masses in the form of jewellery, coins, bars and silverware which are gifted on auspicious occasions. Unlike gold, silver has immense technical and industrial uses as it is an excellent thermal and electrical
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
Australian Dollar weakened across the board in Asian session, dragged down by unexpectedly poor retail sales data for March. The contraction in sales is a reminder to RBA about the ongoing impact of cost of living pressures exacerbated by higher interest rates and inflation. This challenging economic backdrop is likely to make RBA more cautious
People walking in the streets of Montmartre, Paris, France, on April 23, 2024. Nurphoto | Nurphoto | Getty Images Price rises in the euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter, according to flash figures published Tuesday. Headline inflation of 2.4% was in line with
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s french fries Picture Alliance | Picture Alliance | Getty Images McDonald’s is expected to report its first-quarter earnings before the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG are expecting: Earnings per share: $2.72 expected Revenue: $6.16 billion expected The fast-food
The Japanese Yen struggles to build on the previous day’s solid recovery from a multi-decade low. The divergent BoJ-Fed policy expectations and a positive risk tone undermine the safe-haven JPY. The emergence of some USD buying provides an additional boost to the USD/JPY pair on Tuesday. The Japanese Yen (JPY) staged a strong intraday recovery
The EURUSD is trading back higher in what has been an up-and-down trading day. The low in the US session moved down to test the low from late Friday and early Asian trading. Buyers leaned. The subsequent bounce has taken the price back up to and through the 100-hour MA and 38.2% at 1.0709 and
Gold prices edged down on Monday as a steady U.S. dollar made bullion less affordable for overseas buyers, while investors awaited further clues on when the U.S. Federal Reserve would deliver its first interest rate cut. FUNDAMENTALS * Spot gold fell 0.3% to $2,328.20 per ounce as of 0112 GMT. U.S. gold futures were down
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
Yen is currently trading as the strongest currency for the day as the markets enter into US session. The earlier dip below 160 psychological support against Dollar spurred a wave of buying, propelling Yen sharply higher. However, subsequent trading has not shown clear follow-through momentum, indicating that the initial surge may have been more of