What has taken most market participants by surprise is the resilience of the US economy and labor market despite real rates being as high as they are at present. Until earlier this week it seemed like rate cuts were on the horizon, but the latest January CPI print indicates that the progress on inflation could
Canadian Dollar weakens broadly in early US session, sparked by data indicating a stronger-than-anticipated progress in disinflation. Headline CPI fell below the 3% mark, accompanied by significant easing in core inflation measures. This development potentially opens the door for BoC to consider an interest rate cut sooner than anticipated, with the second quarter now appearing
Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected in the second half of the year,
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023. Dustin Chambers | Bloomberg | Getty Images Walmart will report its holiday quarter results on Tuesday morning, as investors try to get a clearer picture of what the year ahead holds for retailers and the
Share: India’s Nifty and Sensex keep rebound intact after opening Tuesday in the red. On Monday, Nifty hit an all-time high near 22,190, Sensex closed just below 73,000. Nifty and Sensex traders brace for a relatively light India’s economic docket and Fed Minutes from the US. The Sensex 30 and Nifty 50, India’s
USD The Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut. Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a rate cut in March is not their base
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
After hitting a nearly one-week high on Monday, gold prices marginally declined on Tuesday amid a stronger dollar and elevated Treasury yields, as investors awaited the minutes of the last US Federal Reserve policy meeting for more clues on its interest rate cut timing. The April gold futures were trading at Rs 61,954 per 10
The financial markets are rather calm in Asian session today, while major currency pairs and crosses largely engage in a phase of consolidation. This tranquility comes in the wake of China’s surprising decision to significantly lower its mortgage reference interest rate, a move designed to provide a much-needed boost to the struggling property sector and,
Share: GBP/USD stands flat, markets await key data releases and Federal Reserve minutes for direction In Monday’s session, the GBP/USD traded with mild losses at the 1.2597 level. The market showed a limited market movement due to the absence of high-tier economic releases and the Presidents’ Day holiday, taking the US Traders out of the
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
Oil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin early trade on what is a public holiday in the United States. Brent crude futures were down 58 cents, or 0.69%, at $82.89 a barrel. U.S.
Activity in the global financial markets are rather muted today, with major European stock indexes reading water within a narrow range. US futures are also showing little change, reflecting the quietness of US market holiday. In the currency sphere, movements are similarly subdued, with Euro and Swiss Franc ranking as the day’s weaker currencies followed
In this article CBK-DE .BBKA Follow your favorite stocksCREATE FREE ACCOUNT Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years. Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36 billion),
Share: India’s Nifty and Sensex extend bullish momentum into the fifth straight day on Monday. Nifty sits at all-time high near 22,150, Sensex rebounds after turning red in the first hour of trading. Nifty and Sensex traders brace for a relatively light India’s economic docket and Fed Minutes from the US. The Sensex
The USDCHF is rebounding today, after falling yesterday on the back of the weaker retail sales. What is key technically is that on the run lower yesterday, the price did move back below the 200-day MA and then the 100 day MA, but held support right at the 50% of the move down from the
PMI Monday marks a bank holiday in the U.S. in observance of Presidents’ Day. Tuesday will bring attention to Australia with the release of the Monetary Policy Meeting Minutes. However, the most significant event of the day will be the inflation data for Canada. Wednesday the focus will shift to Australia’s Wage Price Index quarter-on-quarter