The US jobs report was stronger than expectations. That sent yields higher, but when the Michigan consumer sentiment also showed strength but with sharply lower inflation expectations, stocks rebounded. Although prices traded up and down and today, they are closing higher and in the process the: S&P index traded to a new 52-week high and
Gold prices fell on Friday as the dollar and Treasury yields strengthened after traders lowered bets for US interest rate cuts to materialize by March next year following a stronger-than-expected jobs data. Spot gold fell 1% to $2,008.79 per ounce by 9:55 a.m. ET (1455 GMT), and was down nearly 1% for the week so
Japanese Yen continues to dominate as the strongest currency for the week, finding additional support from Japan’s unexpectedly robust wage growth data. However, its rally is currently pausing, with global financial markets redirecting their focus towards the impending US non-farm payroll data. Dollar, currently ranking as the second strongest currency, faces a critical test with
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images November’s solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the runway a little more. After all, there’s nothing
In this article DG Follow your favorite stocksCREATE FREE ACCOUNT The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023. Brandon Bell | Getty Images Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders. On
Share: The US Dollar (Index) jumps over 0.50%, above 104 in the aftermath of NFP numbers and Michigan Sentiment print. Traders see Unemployment rate fall to 3.7%, below 3.9% estimate. The US Dollar Index pops back up towards 104. The US Dollar (USD) is brushing off the Japanese crisis it had on Thursday. At one
The GBPUSD moved lower after the stronger-than-expected US jobs report, but after reaching a down side trendline on the hourly chart, buyers entered and pushed the price back to the upside. The pair remains below a swing area between 1.2558 1.2568. He would have to stay below that level to keep the sellers in play.
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
Taking cues from the price of yellow metal in the international market, MCX February gold futures were trading at Rs 62,512 at the opening time, up Rs 46 or 0.07% from Thursday’s closing price. Meanwhile, the March Silver futures were trading at Rs 74,649 per kg, higher by Rs 336 or 0.45%. Read More In
Dollar jumps in early US session, buoyed by a robust set of employment data. headline job growth exceeded expectations, narrowly missing 200k mark, while unemployment rate showed a decline. This data suggests a still-tight job market, raising concerns among some market participants that underlying inflation pressures may not be easing as hoped. Notably, strong wage
A postal worker wearing a Santa hat, sorts through mail and packages during a media tour hosted by the US Postal Service at the Los Angeles Processing and Distribution Center, the largest in the country, equivalent to 29 football fields, on November 30, 2023. Frederic J. Brown | AFP | Getty Images Job creation showed
In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey. Mike Calia | CNBC Lululemon on Thursday said it saw strong third-quarter demand, but the retailer’s shares fell as it gave a tepid holiday outlook. Though sales grew across North
BBVA Switzerland, the Swiss branch of one of the largest Spanish banks, has announced it will use Ripple-owned tech firm Metaco’s Harmonize platform for its crypto custody operations with institutional investors. According to the press release published on Dec. 7, BBVA, which has been providing Bitcoin (BTC) and Ether (ETH) custody since 2021, migrated its
Share: Indian Rupee edges lower amid the cautious mood. The Reserve Bank of India (RBI) is expected to maintain the status quo on the benchmark policy rate. RBI interest rate decision and the US Nonfarm Payrolls (NFP) report will be the highlights on Friday. Indian Rupee (INR) trades on a softer note on Friday as
Last Quarter Performance: Broadcom reported revenues of $8.88 billion last quarter, a 0.6% decrease year-on-year, aligning with analyst expectations. Current Quarter Expectations: Analysts anticipate a 4.1% year-on-year revenue growth for Broadcom, estimating revenues to be around $9.28 billion. This growth rate is slower compared to the 15.7% year-over-year increase in the same quarter last year.
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 reclaimed some ground on Thursday after tumbling to a six-month low the previous day, but investors remained concerned about sluggish demand in the United States and China. Brent crude futures were up 60 cents, or 0.8%, at $74.90 a barrel by 1455 GMT. U.S. West Texas Intermediate crude futures rose 56 cents, or
Yen is trading as the runaway leader in today’s market, dominating traders’ focus. This rally was initially triggered by comments from BoJ Governor Kazuo Ueda regarding the central bank’s potential strategies upon exiting negative interest rates. Buying momentum for then intensified further following Ueda’s meeting with Japanese Prime Minister Fumio Kishida to discuss his monetary