US m/m inflation CPI This week is dismal on the economic data front but next week begins to get interesting because of the November 14 release of the latest US CPI report. It’s still early for estimates but the consensus so far is +0.1% m/m on the headline. That’s coming on the heels of +0.6%
Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in the United States and China. Brent crude futures fell $1.11 to $80.50 a barrel by 1311 GMT and U.S. crude lost $1.20 to $76.17, with both benchmarks registering their lowest levels since late
Dollar making efforts to continue this week’s rebound, but momentum appears to be lacking, except against Yen. Additionally, its ascent is being challenged by Swiss Franc, which currently stands as the day’s strongest performer, propelled by substantial buying against Euro and Sterling. Commodity currencies are capitalizing on the stabilizing risk sentiment, slowly clawing back against
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT The “Partners” statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. Joe Burbank | Tribune News Service | Getty Images LOS ANGELES – Disney shareholders will
Trading platform Robinhood has revealed its intentions to expand into Europe in the coming weeks. The company is exploring establishing brokerage operations in the United Kingdom. It made this decision known on Tuesday, Nov 7. The commission-free trading app made this announcement as it revealed its third-quarter results, indicating a revenue miss. Robinhood attributed the
Share: Hawkish comments from the Fed and a stronger USD weighed on Gold. Economists at ANZ Bank analyze the yellow metal’s outlook. War-risk premium has faded Gold edged lower as a stronger USD and a hawkish Fed weighed on investor demand for the precious metal. The war-risk premium has also faded as the Israel-Hamas war
The day started with the Dow industrial average and S&P index lower on the day. At session lows, the S&P was down -10.58 points and the Dow industrial average always down -69.15 point). That lower open threatened the 7-day consecutive up day streak. However, at the close, the losses have been reversed and each of
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Gold traded with minor gains on Wednesday having fallen to a two week low on Tuesday ahead of Dhanteras as the risk premium of the ongoing Israel-Hamas war loses steam. The Street now awaits cues on interest rate outlook from the US Federal Reserve. While the Central Bank left interest rates unchanged in the last
Dollar found itself hovering within a narrow range during Asian session, as market participants paused to reflect on recent comments from hawkish Fed members hinting at more tightening. Despite these hawkish tones, the overall risk mood found its footing after the US markets displayed resilience, with only a slight dip in Asian equities following suit.
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, July 26, 2023. Brendan McDermid | Reuters The world’s major central banks paused their interest rate hiking cycles in
An employee arranges a display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc’s biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a
As the Internal Revenue Service (IRS) pushes forward with its proposal to increase cryptocurrency surveillance, a past report might offer a clue for how this information may be used in practice. In short, with the IRS set to keep tabs on Americans’ cryptocurrency usage through an expected 8 billion new returns, it seems the Department
Share: Mexican Peso recovered from Monday’s dip, with USD/MXN trading around 17.46. Banxico anticipates maintaining the overnight cash rate unchanged at 11.25%, with market pricing in a steady approach for the upcoming policy decisions. Federal Reserve’s pause in rate hikes last week has led to a 3.75% appreciation of the Peso against the Dollar. Mexican
The USDCAD raced lower last week and continued that fall yesterday to a low of 1.36284. However, the move lower stalled, and the price moved back above a swing area between 1.3659 and 1.3668 (and held support on a dip). Sellers turn the buyers and that momentum has continued in trading here today. The price
I have been waiting for signs to evaluate whether real money was going to FOMO into bonds and early returns suggest the appetite is there. Yields retraced on Monday after last week’s big fall but they’re lower again today, led by a 12 bps fall at the long end. US 10s are down 11 bps
Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts. Brent crude futures were down $2.11, or 2.5%, at $83.07 a barrel as of 1428 GMT while U.S. West Texas Intermediate crude was at $78.77 a barrel, down $2.05, or
As markets across the globe confront a wave of cautious sentiment, Dollar finds itself in a position of strength, capitalizing on a shift in investor mood. European trading sessions have mirrored the apprehensive tone set by Asian markets, although early signs from US pre-markets suggest that the intense selling pressure may be subsiding. Swiss Franc