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 flitted in a tight range on Tuesday ahead of the U.S. central bank’s verdict on rates and comments from Chair Jerome Powell for clarity on the timing of easing monetary policy, though a weak dollar and lower bond yields lent support. FUNDAMENTALS * Spot gold held its ground at $2,030.90 per ounce by
Tentative risk-on sentiment is perceptible in Asian session, as Japan’s Nikkei rallied with energy shares lifted by rally in oil prices. Concurrently, stock markets Hong Kong are continuing their near-term rebound, reflecting cautious optimism in the region. Nevertheless, this momentum has not translated into significant activity in the forex markets, which are showing a slow
Share: WTI attracts some buyers on Tuesday amid fears about supply disruptions in the Middle East. Demand concerns in China could act as a headwind for the commodity ahead of the FOMC. Traders now look to the API report on US stockpiles for short-term opportunities on Tuesday. West Texas Intermediate (WTI) US Crude Oil prices
The USD vs the 3 major currencies is mixed to start the training week in the US session. The EURUSD is back below eight 200-day moving average is 1.08420. That tilts the overall bias to the downside. The price is trading within a swing area between 1.0803 and 1.0824. If that swing area is broken,
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
Strong economic data in the US capped gains in the yellow metal on Monday which was up on the escalation of tension in the Middle East. Street awaits the impact of higher consumer spending data on its monetary policy announcements, scheduled later this week. Taking cues from the price movement in the international markets, February
Euro weakens broadly today amid signals from ECB officials that a rate cut cycle could commence in June, or even earlier in April. This bearish sentiment towards the common currency heightens the significance of upcoming Eurozone economic data releases, with GDP figures tomorrow and CPI data on Thursday poised to play crucial roles in shaping
Share: There is a lot more uncertainty in the market right now, and despite reaching a new record, the uptrend is no longer as evident. On Friday, the S&P 500 index set a new all-time high at the level of 4,906.69 before retracing most of the advance and closing 0.07% lower. However, it’s becoming more
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 rose on Monday as escalations in the Middle East triggered safe-haven buying, while traders awaited U.S. Federal Reserve‘s chair Jerome Powell‘s remarks at the end of its two-day policy meet this week for interest rate outlook. FUNDAMENTALS * Spot gold was up 0.3% at $2,023.59 per ounce by 0139 GMT.* U.S. gold futures
In this article IBM Follow your favorite stocksCREATE FREE ACCOUNT IBM CEO Arvind Krishna speaks during the Business 20 (B-20) Summit in New Delhi on Aug. 25, 2023. Prakash Singh | Bloomberg | Getty Images IBM shares rose as much as 6% in extended trading on Wednesday after the tech and services provider announced fourth-quarter
Share: Australian Dollar moves on an upward trajectory during a risk aversion sentiment. Australia’s Retail Sales (MoM) is expected to decline by 0.7% in December from the previous growth of 2.0%. Middle East situation has escalated due to the killings of three US service members in a drone attack on a US outpost in Jordan.
UPCOMING EVENTS: Tuesday: Japan Unemployment Rate, Eurozone Q4 GDP, US Job Openings, US Consumer Confidence. Wednesday: BoJ Summary of Opinions, Japan Industrial Production and Retail Sales, Australia CPI, Chinese PMIs, Switzerland Retail Sales, UST Quarterly Refunding Announcement, US ADP, Canada GDP, US ECI, FOMC Policy Decision. Thursday: China Caixin Manufacturing PMI, Switzerland Manufacturing PMI, Eurozone
Spot gold closed with a minor loss of $2 at $2018 on Friday. Much awaited US December core PCE deflator inflation data, the Fed’s preferred gauge of inflation, came in at 2.9%, slightly below the forecast of 3% and the previous reading of 3.2%. The headline index remained steady at 2.6%, which was in line
In this article NOKIA-FI Follow your favorite stocksCREATE FREE ACCOUNT Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023. Nokia
Share: AUD/USD ends week down 0.33%, unable to hold above 0.6600, range-bound. Struggle to sustain gains above 200-DMA (0.6576); potential for upward trend watched closely. Key supports at 0.6551, 0.6524; rebound above 200-DMA may aim for resistances at 0.6620, 0.6652. The AUD/USD finished Friday’s session on the back foot, down more than 0.15%, for a
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