Oil prices were little moved in early trading on Tuesday, as market participants assessed a visit to the Middle East by U.S. Secretary of State Antony Blinken to discuss a ceasefire offer in the region. Blinken met Saudi Arabia‘s de-facto ruler on Monday. Palestinians hope the visit will clinch a truce before a threatened Israeli
Dollar strengthens broadly in Asian session today, extending last week’s late rebound. This uptick comes in the wake of Fed Chair Jerome Powell’s interview on 60 Minutes, where he reiterated the premature nature of interest rate cuts in March. He also highlighted the underlying economic resilience that affords Fed the luxury of patience. Powell’s stance
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic Co-operation and Development said Monday. The Paris-based group estimates that the recent 100% rise in seaborne freight rates could increase import price inflation across its 38 member countries by nearly 5
In this article PLTR Follow your favorite stocksCREATE FREE ACCOUNT Palantir co-founder and CEO Alex Karp arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Palantir shares surged more than 15% in after-hours trading after the
Share: The Reserve Bank of Australia (RBA) board members decided to keep the Official Cash Rate (OCR) unadjusted at 4.35% after its February monetary policy meeting on Tuesday. The policy announcement met the market expectations. The RBA extended its pause for the second meeting in a row, having lifted the rate by 25 basis points (bps)
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
ISM nonmanufacturing index Prior month 50.5 ISM nonmanufacturing PMI 53.4 versus 52.0 estimate Nonmanufacturing business activity January 55.8 vs 55.8 last Employment.50.5 vs 43.8 last month New orders 55.0 vs 52.8 last month Prices Paid 64.0 vs 57.4 last month Other components: Inventories 49.1 vs 49.6 last month Supplier deliveries 52.4 versus 49.5 last month
Gold prices slipped to a one-week low on Monday after a robust U.S. jobs data last week and remarks from Federal Reserve Chair Jerome Powell dented hopes for early rate cuts, lifting the dollar and bond yields higher. Spot gold was down 0.6% at $2,025.99 per ounce by 1214 GMT, hitting its lowest since Jan.
Dollar’s robust rally persists in early US session, and gains momentum alongside the strong rise 10-year yield, now surpassing the 4.1% mark. Fed Chair Jerome Powell’s hawkish comments in CBS interview air during the weekend continued to shift market expectations. The probability of Fed holding interest rate unchanged in March has soared to approximately 85%,
Newly appointed Governor of Turkish Central Bank, Fatih Karahan is seen in Ankara, Turkey on February 04, 2024. Emin Sansar | Anadolu | Getty Images Turkey’s newly appointed central bank governor Fatih Karahan has his work cut out for him, named to the job by presidential decree over the weekend after the sudden resignation of
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT Visitors are attending a New Year event held by McDonald’s in Shanghai, China, on January 25, 2024. Costfoto | Nurphoto | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG, formerly
Share: EUR/USD drops 0.40% to 1.0742, influenced by Powell’s hawkish remarks and rising US Treasury yields. Powell emphasizes Fed’s inflation target commitment, suggesting mid-year policy tweaks. US January labor market strength bolsters USD, contrasting with Eurozone’s economic fragility. Euro falters as US Dollar Index climbs, with ECB policy easing expectations and focus on central bank
Share: Gold price drifts lower for the second straight day amid reduced bets for aggressive Fed easing. Rising US bond yields lifted the USD to a nearly two-month high and undermined the XAU/USD. Geopolitical risks and China’s economic woes could lend support to the safe-haven commodity. Gold price (XAU/USD) remains under some selling pressure for
The AUDUSD fell sharply after the US jobs report as yields surged (2-year up 18 bps, 10 year up 17.4 bps). Technically, the price fell below its 200 day moving average at 0.6572 and more recently below its 100-day moving average at 0.65276. A key swing. 0.65229 was also broken Recall from yesterday, the price
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 prices edged lower on Monday, as the dollar and Treasury yields jumped after a blowout U.S. jobs report dashed hopes for early interest rate cuts from the Federal Reserve. FUNDAMENTALS * Spot gold fell 0.1% to $2,036.96 per ounce by 0215 GMT * U.S. gold futures were flat at $2,053.50 per ounce. * The
In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images Peloton managed to turn a gross profit off of its pricey
The S&P is training to a new all-time high. When the price is trading at a new high, there is no prior history that traders can target from a price perspective. We are in a open-air area. However, technical tools can be used to forecast the next target/risk levels. In this video, I look at