The price of oil is settling at $76.84. That is up $0.62 or 0.81% on the day. The high price reached $77.29. The low price was at $75.93. For the trading week, the prices soared 6.27% which comes after a -7.35% decline last week, and a 6.5% rise the week before. So price action has
The USD is ending the session lower to end the trading week with most of the declines coming vs the AUD and the NZD. Overnight, ANZ reported that is now predicts that the Reserve Bank of New Zealand (RBNZ) will increase the Official Cash Rate (OCR) by 25 basis points in both February and April,
Gold slipped on Friday and was heading for a weekly fall, pressured by elevated Treasury yields, while investors awaited next week’s U.S. inflation data for more clues on the timing of the Federal Reserve‘s interest rate cuts. Spot gold was down 0.5% at $2,022.86 per ounce at 01:47 p.m. ET (1847 GMT) and fell 0.8%
Swiss Franc and Japanese Yen are currently the weakest performers for the week on a couple of interrelated factors. Firstly, global central bankers are tempering expectations for early rate cuts, suggesting rate difference between SNB/BoJ and other central banks would remain large for longer. This stance has been further compounded by a significant rebound in
Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the nation,
In this article PYPL Follow your favorite stocksCREATE FREE ACCOUNT A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024. Justin Sullivan | Getty Images News | Getty Images PayPal reported better-than-expected fourth-quarter results Wednesday, but issued guidance that was a bit below estimates. The shares slipped in extended
Share: Following Monday’s Powell-driven sharp rebound in the US Dollar, the risk-linked galaxy managed to regain some balance as the sessions passed by, sparking a decent recovery in the likes of the single currency and the British Pound in an environment broadly dominated by speculations surrounding the potential timing of interest rate cuts by the
The USDCAD fell initially at the start of the North American session after the Canada jobs report, in the revisions to the CPI which was originally thought to be more than what it ended up being. The price moved to the high of a swing area between 1.3398 and 1.3414 before bouncing higher. Since then,
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
The issue price of the next tranche of Sovereign Gold Bond, opening for subscription for five days from Monday, has been fixed at Rs 6,263 per gram, the Reserve Bank said in a statement on Friday. The Sovereign Gold Bond Scheme 2023-24 – Series IV will be open for subscription during February 12-16, 2024. “The
Canadian Dollar bounces broadly in early US session, bolstered by unexpectedly robust Canadian employment data. This development comes amidst cautious remarks earlier in the week from BoC Governor Tiff Macklem, who tempered expectations by noting that achieving the 2% inflation target would be a gradual process, fraught with persistent risks. The January meeting minutes echoed
People shop in a supermarket in the Manhattan borough of New York city on January 27, 2024. Charly Triballeau | AFP | Getty Images The prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday. Updates to the consumer price index
In this article NET Follow your favorite stocksCREATE FREE ACCOUNT Matthew Prince, co-founder and chief executive officer of Cloudflare Inc., during the Fortune Brainstorm AI conference in San Francisco, California, US, on Monday, Dec. 11, 2023. The conference gathers leaders in machine learning and artificial intelligence to assess the industry and examine new business cases
Share: USD/CHF inches higher on geopolitical tension in the Middle East. The US Dollar receives upward support on market caution. Market participants await the Swiss CPI data scheduled for Tuesday. USD/CHF retraces its recent losses as the US Dollar (USD) strengthens amid heightened geopolitical tensions in the Middle East, edging higher to around 0.8740 during
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
Good morning everyone, I’m Gina Constantin and I’m covering for Justin today. I am a global macro analyst and trader based in Romania with a background in economics and international affairs. The economic calendar looks relatively light, though we might have unexpected developments. Wish you a wonderful day and a profitable trading session. Today we
Notwithstanding a slight positive bias in bullion in Friday’s morning trade, gold and silver continue to tread in weak territory. Lack of demand, the likelihood of pushback in Fed rate cut and uptick in the dollar index have contributed to its decline this year. Taking cues from the global price trends, the MCX April gold
Japanese Yen declines broadly in today’s Asian session, reacting to dovish remarks made by BoJ Deputy Governor. The official’s commentary emphasized a cautious approach to monetary tightening, highlighting that even with exit from negative interest rate policy, the pace of interest rate hikes would remain measured. This outlook, especially the suggestion that inflation could stabilize