Japanese Yen had a broad-based declined in Asian session today, while Nikkei extended its recent up trend, momentarily reaching a new record high, ending the 34-year wait. This milestone is of considerable psychological significance for Japan, symbolizing the end of over three decades of economic stagnation ensued after the burst of the country’s stock and
In this article HSBA-GB Follow your favorite stocksCREATE FREE ACCOUNT Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Anthony Kwan | Bloomberg | Getty Images HSBC‘s full-year 2023 pre-tax profit missed analysts’ estimates on Wednesday, hit by impairment costs
Share: According to reporting by Axios, the US federal government could be pushed into another government shutdown scenario over spending bills. The self-titled “Freedom Caucus”, a collection of far-right adherents within the US legislature, is pushing for a sweeping set of year-long spending restrictions that could trigger a shutdown within the US government. Key quotes
The Nasdaq index is tracking toward the 38.2%/200H MA. The tech-heavy NASDAQ index is trading near session lows. Those laws came in at 15495.54. The current price is trading at 15504, down -127.30 points or -0.81%. Looking at the hourly chart, the price is approaching the 38.2% retracement of the 2024 trading range. That level
GPU-maker and generative artificial intelligence superstar Nvidia reports earnings after the close and — needless to say — there is plenty of speculation about what will happen to the stock. Through last week, shares of NVDA represented 30% of the total gain of the S&P 500 year-to-date. Shares have gone supernova in the past year
Gold prices held steady on Wednesday, helped by a slightly weaker dollar as investors looked forward to minutes of the last U.S. Federal Reserve policy meeting due later in the day for more clarity on its interest rate path. FUNDAMENTALS * Spot gold was flat at $2,024.00 per ounce, as of 0100 GMT. U.S. gold
Trading activity is relatively subdued today, with most major currency pairs and crosses hovering within the previous day’s range. Australian and New Zealand Dollars are showing some resilience, maintaining their position as the firmer currencies, albeit without significant momentum. Swiss Franc has also edged higher in the daily performance chart, benefiting a recovery against both
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023. Edgar Su | Reuters Nvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long
Share: Gold price attracts some buyers for the fifth successive day amid modest USD weakness. Geopolitical risks benefit the safe-haven XAU/USD and remain supportive of the uptick. Elevated US bond yields cap any further gains ahead of the key FOMC meeting minutes. Gold price (XAU/USD) fails to break through the 50-day Simple Moving Average (SMA)
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
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
Gold traded in a tight range on Wednesday ahead of the release of the Federal Reserve’s FOMC minutes later today. Yellow metal’s recent uptick, where it has risen for four successive sessions, has been on a softer dollar index (DXY) which has fallen 0.70% over the past five sessions. The bias in gold was positive
New Zealand and Australia Dollar rise appreciably in Asian session today, buoyed by a significant rebound in stock markets of China and Hong Kong. This positive momentum is largely attributed to the ripple effects of China’s larger-than-expected interest rate cut earlier in the week. Hang Seng Index, in particular, showcased a robust increase of around
An Israeli national flag above produce for sale at Carmel Market in Tel Aviv, Israel, on Nov. 7, 2023. Bloomberg | Bloomberg | Getty Images Israel’s gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures. The contraction was significantly larger than expected, as analysts predicted a contraction of
In this article PANW Follow your favorite stocksCREATE FREE ACCOUNT Nikesh Arora, Palo Alto Networks Adam Galica | CNBC Shares of cybersecurity company Palo Alto Networks plunged 19% in extended trading Tuesday, after the company reported a beat on the top and bottom lines but lowered its full-year guidance for revenue and billings. Here’s how
Share: EUR/USD climbed above 1.0800 early Tuesday, testing the 1.0840 region. Broad market US Dollar sell-off props up the Fiber. Markets await Fed Meeting Minutes, EU PMIs. EUR/USD climbed to a two-week high just shy of 1.0840 on Tuesday after the US Dollar (USD) broadly fell before recovering in the US trading session after American
Today, the GBPUSD pair experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair’s momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair’s advance a week ago, leading to a
The Canadian dollar is softer today after a CPI surprise. The monthly inflation report showed prices up 2.9% y/y compared to 3.3% expected. It’s a welcome relief for Canadians but will it change the path for the Bank of Canada? Markets are currently pricing in a 24% chance of a March cut compared to 19%