A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal. The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department reported Friday. Economists surveyed by
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT A customer enters a Nike store along the Magnificent Mile shopping district in Chicago on Dec. 21, 2022. Scott Olson | Getty Images Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales
Share: Economists at Danske Bank view narrowing rate differentials between Japan and G10 to favour the JPY over the coming year. Yield differentials to be a tailwind for the JPY over the coming year We forecast USD/JPY to steadily decline below 135 on a 12M horizon. This is primarily because we believe that long US
Yen rebounds broadly in today’s Asian trading session, buoyed by optimistic revisions in Japan’s economic growth forecasts. The government, in its semi-annual economic report, upgraded its growth projections for both the current and next fiscal years. Forecast for fiscal 2023 was raised from 1.3% to 1.6%, while projection for fiscal 2024 saw an increase from
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
Gold witnessed a minor uptick in the early trade on Friday amid slippage in the dollar index (DXY). The dollar index is currently at a four-month low, aiding the cause of the yellow metal. It is set to close with yet another weekly gain. Experts see more upside in the yellow metal and suggest a
Share: DXY Index plunged towards the 101.90 area, posting 0.40% daily losses. Gross Domestic Product of the United States expanded at an annual rate of 4.9% in Q3, revised from 5.2% US Jobless Claims accelerated in the second week of December. The US Dollar (USD) measured by the DXY index plunged to 101.90 and nears
As US session gets underway, Dollar is declining broadly, influenced by a series of lackluster economic reports. US GDP growth for Q3 was revised downward to annualized rate of 4.9% in the final estimate. Additionally, Philadelphia Fed business outlook survey for December showed a drop from -5.9 to -10.5, signaling deeper contraction in regional manufacturing
AUDUSD heads toward target swing area The AUDUSD pair has reached a new daily high and is currently trading at its highest level since July 27. The price has just touched 0.6794, indicating a significant upward momentum. On the daily chart, this ascent brings the pair close to a crucial resistance zone, which lies between
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
prices fell by more than $1 a barrel on Thursday after Angola announced it is leaving the Organization of the Petroleum Exporting Countries (OPEC). Brent crude futures were down $1.30, or 1.63%, to $78.40 a barrel by 1419 GMT, while U.S. West Texas Intermediate crude was lower by $1.19, or 1.60%, at $73.03. Angola’s oil
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together. British Finance Minister Jeremy
Share: NZD/USD grapples to gain ground after retreating from a five-month high at 0.6298. Improved US data showed positive signs for the US economy, providing support for USD. Investors await US GDP data for further impetus on the US economy. NZD/USD holds its position below 0.6250 during the early European hours on Thursday, struggling to
Robust risk-on sentiment was seen in the US markets overnight, with DOW extending its record-breaking run. S&P 500 is also approaching its historical peak, now just 50 points shy, and appears poised to challenge this high. The bullish momentum is underpinned by messages from Fed officials, suggesting that while an immediate rate cut is not
The major US stock indices have hit the skids with the NASDAQ down 100 points now or -0.68%. The S&P index is also down by around the same amount. Nasdaq falls below 100 and 200 bar MAs Looking at the short-term five-minute chart of the Nasdaq index, the fall below the 100 bar MA started
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 witnessed a minor uptick in the early trade on Thursday amid slippages in the dollar index (DXY). Investors await for more economic data in the US to gauge which way the Federal Reserve could move. On Friday, the world’s largest economy will release the November core personal consumption expenditure (PCE) index report, the Fed’s