In this article LUV BA Follow your favorite stocksCREATE FREE ACCOUNT Southwest Airlines ranked as the second-best domestic airline, according to Bounce’s 2023 Airline Index. Aaronp/bauer-griffin | Gc Images | Getty Images Southwest Airlines has taken the Boeing 737 Max 7 out of its fleet plans as regulators haven’t yet certified the smallest model of
Share: Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave the key interest rates unchanged in January and responds to questions from the press. Key quotes “Geopolitical tensions in Middle East are an upside risk to inflation.” “Inflation could fall more quickly if energy prices evolve in line with
Yesterday, the USDCHF experienced an upward movement, reaching a key swing area between 0.8711 and 0.87314. The pair initially moved away from the 38.2% retracement level of the downward trend from the October high to the December low, which is at 0.86803. Despite this, the market couldn’t maintain its upward momentum. When the price subsequently
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
TOKYO – Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes of more stimulus measures and economic recovery. The March contract for Brent crude gained 20 cents, 0.3%, to $80.24 a barrel as at 0128
The forex markets are currently extending a phase of indecision. Dollar, after briefly rallying against Euro and Swiss Franc, saw its gains diminish. Australian Dollar’s initial surge, fueled by optimism over China’s proposed stock market rescue plan, also quickly dissipated. Presently, Japanese Yen emerges as the strongest currency for the week, continuing its near-term consolidation.
Consumers shop in Rosemead, California, on Dec. 12, 2023. Frederic J. Brown | Afp | Getty Images Economic growth likely slowed to its weakest pace in a year and a half to end 2023, possibly setting the stage for a more pronounced slowdown ahead, according to Wall Street economists. The consensus outlook for the fourth
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty Images Tesla is set to report fourth-quarter earnings
Share: Australian Dollar loses ground as the US Dollar attempts to recover recent losses. Australia’s inflation is likely to stay above the RBA’s target range of 2.0–3.0%. US Dollar faced downward pressure despite the upbeat US PMI data. The Australian Dollar (AUD) loses its ground for the second successive day on Thursday. The AUD/USD pair encountered
The strongest to the weakest of the major currencies The JPY is the strongest and the USD is the weakest at the US session begins. The USD has been hit after gains yesterday did not get follow-through price action: The EURUSD Fell below its 200-day MA intraday yesterday (that MA is at 1.0844), but bounced
The global PMIs have been rolling in throughout the day with the French one particularly weak and Europe showing signs of renewed softness. That hasn’t deterred the euro bulls as EUR/USD has climbed 50 pips to 1.0903, erasing yesterday’s decline. That’s on general USD softness after China’s RRR cut and the US dollar side of
Gold’s lackluster trade continued on Wednesday ahead of interest rate decisions from several central banks and a slew of economic data in the United States due for a release. Taking cues from the international market, MCX February gold futures were trading at Rs 61,976 per 10 grams, up by Rs 8 or 0.01%. Meanwhile, the
Sterling rises notably against Euro and Dollar today, buoyed by encouraging UK PMI data that pointed to a strong start for the year with renewed growth momentum. More importantly, this data suggests that BoE might need to delay its rate cut plans, as inflationary pressures could potentially resurge due to supply disruptions in the Red
An employee works in an office at the SAP SE campus in Walldorf, Germany. Bloomberg | Getty Images Shares of German software company SAP jumped to an all-time high in early deals Wednesday after the company released its latest financial results and announced plans to restructure 8,000 jobs in a push toward artificial intelligence growth.
Share: EUR/USD retests the 1.0900 mark. Economists at Scotiabank analyze the pair’s outlook. Trend strength signals are still leaning EUR-bearish EUR/USD traded very weakly on Tuesday but failed to crack the 200-DMA support (1.0845) decisively. Today’s rebound in the EUR is testing pivotal short-term resistance at 1.0910. Gains through the 1.0900 area have been difficult
If I were to give a technical tilt for the AUDUSD, the bias is to the downside. Looking at the 4-hour chart, The price is now below the 200-hour moving average 0.65779 (green overlay line on the chart below). Bearish The price is also below the 50% midpoint of the move-up from the October load
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 fell on Tuesday, handing back some of the previous day’s gains, as traders weighed rising crude supply in Libya and Norway against production outages in the United States and geopolitical tensions. Brent crude futures were down 58 cents, or 0.72%, to $79.48 a barrel at 1441 GMT. U.S. West Texas Intermediate crude futures