The USDJPY has been waffling up and down since the run higher after the US CPI on February 13. Since then the price has rotated between 150.88 down to 149.52, with the price action even more contained this week. That range this week found support buyers near the low of a swing area near 149.70
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Gold prices rose marginally on Friday as a broadly weaker US dollar and growing tensions in the Middle East lifted bullion‘s appeal. The April gold futures were trading at Rs 62,062 per 10 grams on the MCX at 10:33 am and were up by Rs 85 or 0.14% from Thursday’s closing price. Meanwhile, the March
The global financial markets is riding a wave of strong risk-on sentiment, propelling DOW and S&P 500 to historical highs overnight, while NASDAQ achieved its best daily gain in over a year. That followed the record closes in DAX, CAC and Nikkei yesterday. This enthusiasm for risk has led to the yen, dollar, and Swiss
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a
In this article MRNA Follow your favorite stocksCREATE FREE ACCOUNT Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a surprise quarterly profit, boosted by deferred revenue and cost cuts, even as the company saw slumping sales from its Covid vaccine, its only marketable product. The results cap a rocky year for the biotech
Share: Another solid print from the weekly report of the US labour market lent extra support to the Fed’s tighter-for-longer narrative, although the move in the Greenback was limited. Furthermore, room to the Greenback and sponsored a broad-based knee-jerk in the risk-complex, while the generalized upbeat flash readings from PMIs initially bolstered a spike in
USDJPY moves to new session highs The USDJPY is moving to new at session highs, and in the process as extended above the swing area between 149.70 and 150.158. Yields in the US have turned around and are now higher on the day. The two year yield is at 4.642% up 3.0 basis points. The
Bitcoin has suddenly gone quiet. It’s up 1% after falling 1% yesterday but zoom out and it’s been flat since February 15. Bitcoin daily Now what stands out on that chart isn’t a week of flat trading but the big run-up since February 6. A period of consolidation is normal following a big move but
Gold prices edged up on Thursday supported by safe-haven demand amid rising geopolitical tensions in the Middle East and a softer dollar, while minutes of the latest U.S. Federal Reserve meeting dampened hopes for an early interest rate cut. FUNDAMENTALS * Spot gold was up 0.1% at $2,026.9 per ounce, as of 0100 GMT. U.S.
Global financial markets are currently basking in a robust wave of risk-on sentiment, evidenced by Japan’s Nikkei and Europe’s Stoxx 600 indices reaching new record highs. The optimism is further bolstered by promising US futures, with the technology sector leading the charge, significantly propelled by Nvidia’s impressive results. This surge in tech enthusiasm is largely
Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday. Ismail Ferdous | Bloomberg | Getty Images Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive months of hikes. The move was widely expected as the bank indicated
Rain falls over the finance district and the European Central Bank (ECB) in Frankfurt, Germany. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday reported its first annual loss since 2004, following hefty payouts due to higher interest rates. It reported losses of 1.3 billion euros ($1.4 billion), which would
Share: UK Manufacturing PMI rose to 47.1 in February, missing estimates of 47.5. Services PMI in the UK held steady at 54.3 in February, a positive surprise. GBP/USD holds gains near 1.2700 after mixed UK business PMIs. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved slightly from 47.0 in January to
Robert Habeck, German Minister for Economy and Climate Protection and Vice Chancellor, is pictured during the weekly meeting of the cabinet on February 21, 2024 in Berlin, Germany. Florian Gaertner | Photothek | Getty Images Germany’s gross domestic product is now expected to grow by just 0.2% this year, as the country wades in “tricky
The AUDUSD moved up yesterday, and in the process moved above the 200 day MA and the 50% midpoint of the range of trading since the October low. However, sellers leaned against the 200 bar MA on the 4-hour chart (currently at 0.6577). Today, the press initially moved to the upside but found willing sellers
Prior 45.5 Services PMI 48.2 vs 48.0 expected Prior 47.7 Composite PMI 46.1 vs 47.5 expected Prior 47.0 Oh, dear. This runs back the optimism from the French PMI data earlier. But at least the services sector continues to show signs of an improvement, so there is some hope. Still, Europe’s largest economy continues to
Gold prices rose marginally on Thursday, buoyed by a weaker dollar and escalating tensions in the Middle East, while investors await more U.S. economic data that could shed light on the Federal Reserve‘s interest rate outlook. The April gold futures were trading at Rs 62,150 per 10 grams on the MCX at 10:13 am and