The USDCHF moved from a key swing area at 0.86058 in the early Asian session. That was a floor but back to January 17 before breaking to downside yesterday ahead of the FOMC rate decision. The subsequent move to the upside after Fed Chair Powell put the kibosh on a March rate cut, sent the
KRE bank index It was around this time last year that US banking worries began to percolate. That ultimately catalyzed into something of a crisis in March as several banks were wiped out including Silicon Valley Bank, First Republic Bank, Silvergate Bank and Signature Bank. Others teetered as well and remain badly damaged. The problem
Gold prices fell on Thursday after the US Federal Reserve dashed Street’s hope of any rate cut in March, reiterating its priority of a 2% inflation target. The move strengthened the dollar index (DXY) taking sheen off the yellow metal. Taking cues from the price movement in the international markets, April MCX gold futures were
Sterling is currently trading with indecisiveness following BoE’s rate decision, which has provoked mixed reactions in the markets. The decision, notable for its combination of hawkish and dovish signals, resulted in a rare three-way voting split—the first occurrence since 2008—with two members favoring a rate hike, one a cut, and the rest opting for no
A UPS driver makes a delivery on January 30, 2024 in Miami Beach, Florida. Joe Raedle | Getty Images Companies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor market that will be in sharp focus this year, according to a report Thursday from Challenger,
In this article RACE-IT RACE Follow your favorite stocksCREATE FREE ACCOUNT Car key for the Ferrari Purasangue SUV Adam Jeffery | CNBC Ferrari topped Wall Street’s top- and bottom-line earnings expectations for the fourth quarter to finish off a record year of profits for the luxury sports car manufacturer. The automaker reported a net profit
Share: Economists at CIBC Capital Markets expect the Canadian Dollar (CAD) to depreciate in the coming weeks before staging a comeback. Final leg weaker before an appreciation The Loonie has been retracing gains made late last year, and will likely continue to depreciate over the first quarter as markets recalibrate central bank rate expectations. As
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
Global oil prices climbed in early trade on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and as China unveiled new support measures for its embattled property market. Brent crude futures rose 46 cents, or 0.6%, to $81.03 a barrel and U.S. West Texas Intermediate crude futures
Australian Dollar encountered significant headwinds in today’s Asian session, weighed down by the latest Australian Q4 CPI data. The lower than expected inflation confirmed that RBA would hold interest rate unchanged in the forthcoming meeting next week. The central bank could also be finally ready to indicate completion of the tightening cycle. Market speculation is
Cargo trains stand on the railway tracks at a transshipment station in Frankfurt am Main, western Germany, as in background can be seen the city’s skyline, on January 23, 2024. Kirill Kudryavtsev | Afp | Getty Images The euro zone economy stabilized in the fourth quarter of 2023, flash figures published by the European Union’s
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024. Steve Marcus | Reuters Qualcomm reported fiscal first-quarter results on Wednesday that topped analysts’ estimates as
Share: Australian Dollar depreciated after the Fed’s ruling out of the rate cut in March. Australia’s Business Confidence (QoQ) decreased to -6 in the fourth quarter from the -1 prior. The weak Aussie quarterly inflation report strengthens the speculation of two quarter-point reductions in 2024. US Dollar faced challenges due to the disappointing US ADP Employment
The USDJPY is making a run to the downside and in the process is breaking to a new low for the day and new low for the week. The price is falling below it 100 bar moving average on a 4-hour chart at 146.96, and is also below a swing area between 146.96 – 147.067.
The bond market is really going for it. US 2-year yields are down 17 basis points to 4.20% and 10s are down 11 bps to 3.94%. The market is back to pricing in 147 bps of rate cuts this year from 130 bps earlier this week. That’s spilled over into a sharp drop in USD/JPY
Gold continued to trade in a tight range on Wednesday ahead of the Federal Open Market Committee (FOMC) meeting outcome scheduled later today. The bias was negative amid gains in the dollar index (DXY). Taking cues from the price movement in the international markets, April MCX gold futures were trading at Rs 62,425 per 10
Dollar weakens slightly in early US session, as dragged down by disappointing ADP private sector job data. Despite this, the downturn is contained, as market participants remain cautious ahead of FOMC rate decision later in the day. While no changes in interest rates are anticipated, considerable attention is centered on Fed Chair Jerome Powell’s commentary.