The USDJPY is moving higher as the clock ticks toward the FOMC meeting minutes scheduled for release at the top of the hour. Looking at the daily chart for the USDJPY, the price has now moved above the low price from yesterday which was near the low price from the October 10 at 148.15. The
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 traded with minor losses on Wednesday in the early trade after crossing the $2,000 mark on Tuesday. The strength in the yellow metal is owing to the weakness in the dollar index (DXY) which is currently trading at 11 week’s low. Taking cues from the international prices, MCX December gold futures opened in the
As Thanksgiving long weekend approaches, a noticeable tranquility has enveloped the financial markets. The aftermath of FOMC minutes, which revealed a slightly toned-down hawkish stance, has resulted in rather subdued market reactions. Major stock indices have slightly retreated from their recent advances, reflecting a cautious sentiment among investors. Correspondingly, 10-year Treasury yield also concluded yesterday’s
Israeli soldiers transfer detained Palestinians out of the Gaza Strip on November 20, 2023, as battles between Israel and the Hamas movement continue. Gil Cohen-magen | AFP | Getty Images Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew of pivotal elections across major
In this article RENT URBN Follow your favorite stocksCREATE FREE ACCOUNT Nuuly warehouse Natalie Rice Urban Outfitters’ clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the benchmark before competitor Rent the Runway, which has yet to turn
A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys. In a Nov. 22 announcement, Labrys and Easy Crypto said the NZDD will be backed 1:1 with cash in trust and regulated by the New Zealand Financial Markets Authority. It’s initially
Share: AUD/USD loses traction around the mid-0.6500s in early Wednesday. The FOMC showed members agreed policy to remain at a restrictive stance for some time until inflation moves down toward the objective. The November RBA Board meeting showed a hawkish tone with a focus on risk management along with a data-dependent approach. Market players will
Nvidia will announce its third-quarter earnings after market close on Tuesday. Its announcement will complete the Magnificent 7 earnings for the quarter. Yesterday the company’s stock reached a record high of $504.09 per share. The current stock price is trading down -$3.93 or -0.79% of $500.05. The gains this year have been driven by the
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 fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group may discuss deepening supply cuts due to slowing global growth. Both contracts had climbed about 2% on Monday after three OPEC+ sources told Reuters that the
Canadian Dollar exhibited softness in early US session, a reaction to lower-than-expected consumer inflation readings. This development, indicative of ongoing disinflation, could bolster BoC’s confidence to maintain its current policy stance in the upcoming December meeting. Notably, Canadian Dollar has been unique among major currencies in its inability to break above prior week’s high against
John Brown #16 of the Buffalo Bills celebrates with fans after catching a touchdown pass during the third quarter against the New England Patriots at Highmark Stadium on January 08, 2023 in Orchard Park, New York. (Photo by Bryan M. Bennett/Getty Images) Bryan M. Bennett | Getty Images Sport | Getty Images Dan Hornberger has
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia Co-Founder and CEO Jensen Huang arrives at a Senate bipartisan Artificial Intelligence Insight Forum in Washington on Sept. 13, 2023. Sarah Silbiger | Bloomberg | Getty Images Nvidia shares slid 2% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that
Share: The 1.8% decline in the US Dollar Index (DXY) last week was the largest since the second week of July. Economists at Société Générale analyze Greenback’s outlook. DXY at risk of a deeper retracement towards 102.55 A close below the 200-DMA (103.62) put the DXY at risk of a deeper retracement towards 102.55. In
USD CAD The BoC left interest rates at 5.00% as expected but remains prepared to raise rates further if needed. BoC Governor Macklem delivered a less hawkish speech in the press conference compared to his previous remarks. The recent Canadian CPI missed expectations across the board and the underlying inflation measures eased, which was 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
Following a slump in the US dollar and weaker treasury yields, December futures of MCX Gold today rose by Rs 377 to Rs 61,034 per 10 gram. December futures of MCX Silver was up 0.74% to Rs 72,644. Gold is expected to find support at Rs 60,580-60,460, and resistance at Rs 61,010-61,230. Silver may have