As the North American session begins, the CHF is the strongest and the JPY is the weakest. The day is characterized by very modest ranges and changes for the EURUSD, USDCHF, USDCAD, AUDUSD and NZDUSD. Each of those pair have total low to high ranges of 19 pips or less (AUDUSD only has a 14
Headline measures: CPI y/y +3.2% versus 3.1% expected Prior y/y 3.1% CPI m/m +0.4% versus +0.4% expected Prior m/m 0.3% Core measures: Core CPI m/m +0.4% versus +0.3% expected. Last month 0.4% Core CPI y/y 3.8% versus 3.7% expected. Last month was 3.9% Shelter +0.4% versus +0.6% last month Shelter y/y +5.7% vs +6.0% prior
Gold prices were steady on Tuesday as traders refrained from taking new positions after the bullion hit a record high ahead of US consumer prices data that could provide clues on the Federal Reserve‘s monetary policy trajectory. The April gold futures were trading at Rs 65,995 per 10 grams on the MCX at 10:06 am
Yen weakened broadly in Asian session today, reversing some of its robust since the previous week. This shift in momentum comes amid tempered expectations for an imminent BoJ rate hike at next week’s meeting. Japanese Finance Minister Shunichi Suzuki’s comments that the country is not yet ready to declare victory over deflation, despite positive signs
Fresh chicken breasts are displayed for sale in the meat area of a Sprouts Farmers Market grocery store in Redondo Beach, California on February 23, 2024. Patrick T. Fallon | AFP | Getty Images Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to
The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Arjun Kharpal | CNBC Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit. The German luxury
Share: The US Consumer Price Index is set to rise 3.1% YoY in February, matching January’s increase. Annual Core CPI inflation is expected to edge lower to 3.7% in February. The inflation report could provide fresh clues as to the timing of the Fed policy pivot. The high-impact US Consumer Price Index (CPI) inflation data
US broader US stock indices are starting the week with declines. The Dow 30, however, is eking out a modest again. The small-cap Russell 2000 index is also lower and was the worst performer of the top 4 indices. A snapshot of the closing levels is showing: Dow industrial average up 46.97 points or 0.12%
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
Beijing: Iron ore slumped more than 7% – dropping below the $110 a ton mark – as disappointing demand in China left the market lumbered with bulging inventories. The steelmaking material has tumbled by around a quarter from a peak in early January as China’s real estate and manufacturing activity remained under pressure. The annual
Yen continues to stand out as the strongest currency in today’s relatively subdued markets, supported by anticipations of an imminent rate hike by BoJ next week. Swiss Franc and US Dollar are trailing behind in strength, indicating a preference for safer assets. Conversely, Australian Dollar, New Zealand Dollar, and Sterling find themselves at the lower
Shoppers are seen in a Kroger supermarket in Atlanta on Oct. 14, 2022. Elijah Nouvelage | AFP | Getty Images Rising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve’s decision to take a go-slow approach with interest rate reductions. Economists expect that prices across a broad spectrum of
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Images Oracle reported quarterly earnings on Monday that exceeded Wall Street’s expectations. The shares rose over
Share: WTI Oil sideways in a broader range trade with Aramco scrubbing production boost. Oil traders are still positioned for more upside potential with bullish option market positioning. The US Dollar Index steady below 103.00, with data-driven week ahead while Fed enters blackout period. Oil prices falling in the red with a Risk Off tone in
The JPY is the strongest and the AUD is the weakest as the North American session begins. The USD is in the middle of the major currency table with a mixed picture to start the trading day and the week. The ranges are very narrow to start the week and those ranges, are well below
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
Off its lifetime high of $2,202 per troy ounce on the Comex, Gold traded in the red in the early trade on Monday amid mild profit booking. The yellow metal’s recent surge is on the hopes of a June interest rate cut which has triggered a fall in the world’s safest hedge – the US
Yen rises broadly in Asian session today, lifted by economic data indicating Japan’s narrow escape from recession last year. This economic turnaround, while not directly influencing BoJ decision on interest rates decision next week, certainly does not obstruct the pathway for a hike. Yen’s momentum, though currently modest, could amplify with anticipated positive developments from