Euro’s forward drive this week faced a halt as subpar PMI readings painted a concerning picture for the Eurozone economy. The data fuels concerns that the Eurozone economy might be heading into deeper waters. At the same time, British Pound is weighed down by slowing wages growth and weak PMIs too. Swiss Franc is also
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, CEO of JPMorgan Chase speaking with CNBC’s Leslie Picker in Bozeman, MT on Aug. 2nd, 2023. CNBC JPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly considering the poor recent track record
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT An illuminated Google logo is seen inside an office building in Zurich, Switzerland. Arnd Wiegmann | Reuters Alphabet is set to report third-quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG, formerly known as
Share: The US Dollar cleared Monday’s losses, and the DXY Index jumped above 106.00. The S&P Manufacturing and Services PMI rose to expansion territory above 50.00 in October. US Treasury yields recover, allowing the USD to find demand. The US Dollar (USD) measured by the US Dollar Index (DXY) rose toward 106.30 on Tuesday, seeing
The crypto community has been left fearing the worst after seeing huge sums of liquidity drained from the cryptocurrency project Safereum just hours after its team had finalized a massive $600,000 fundraising. According to blockchain security firm CertiK and other analysts, the developers of Safereum — using the token deployment address “safereum.eth” — unlocked the
The USDJPY moved below its 100-hour moving average earlier today at 149.82. The break below that MA (blue line) has taken the price to the 200 hour moving average at 149.649 (green line), and the low prices from Thursday and Friday at 149.64. Both those levels would need to be broken to increase the bearish
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Oil prices eased on Monday as aid convoys started to arrive in the Gaza Strip over the weekend amid diplomatic efforts to contain a conflict between Israel and the Palestinian Islamist group Hamas from spreading to the wider oil-rich region. Brent crude futures fell 60 cents to $91.56 a barrel and U.S. West Texas Intermediate
In a surprising twist, Euro experienced a significant surge overnight, powering through a short-term resistance level when matched up against Dollar. Euro in also a position to resume its long-term up trend versus Yen. he factors fuelling this surge, however, remain a subject of speculation. On one hand, recent economic indicators have been less than
Share: Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in additional sovereign debt issuance. The pullback in US Treasury yields is weighing on the Greenback. The Australian Dollar (AUD) aims to trade in the
The EURGBP – a major cross-currency pair – has seen up-and-down price action today. The initial low found support near the low of a swing area and 0.86982. The subsequent move back to the upside took the price up to 0.8725 before rotating back down again to retest the low from earlier today. Now, the
EURUSD daily The euro is trading at the highest since September 24 as it clears the October 11 high of 1.0640. The rally today is more about the USD side of the equation as it slackens alongside Treasury yields. US 10s are trading at 4.86% from as high as 5.02% earlier today as part of
Gold fell on Monday amid strength in dollar index and uptick in bond yields. Yellow metal prices were down on the MCX and Comex as the markets begin to price-in the Israel-Hamas conflict. MCX December gold futures traded in the red on Monday at Rs 60,537 per 10 gram, up by Rs 191, or 0.33%.
Euro emerged as the frontrunner in today’s forex markets, establishing itself as the strongest performer. However, the overall momentum in the currency arena seems relatively restrained. Following closely behind Euro, Canadian Dollar is occupying the spot of the second strongest, with Sterling and Dollar not far behind. Contrarily, Swiss Franc, Yen, and Australian Dollar demonstrated
Share: The US Dollar faces selling pressure as investors await fresh catalyst. Dovish bets on the Fed and lower US yields weakened the green currency. The US will release the preliminary estimate of Q3 GDP and PCE inflation data this week. The US Dollar (USD) measured by the US Dollar Index (DXY) declined to the
Bitcoin pioneer Hal Finney was competing in a 10-mile race at the exact time Satoshi Nakamoto was responding to emails and transacting on Bitcoin, newly surfaced evidence has revealed. For years, it has been commonly speculated that the late Hal Finney, a computer scientist, was the creator of Bitcoin. He was the first person besides
NASDAQ index runs away from its 100 hour moving average The broader NASDAQ and S&P index are moving to new session lows. Investors are still concerned about geopolitical risks out of Israel going into the weekend. In the US, the US House of Representatives continues to be in flux. The declines are led by the
China to hold its financial conference focused on economy, debt risks Goldman Sachs says FX outflows from China in September hit US$75 bln, biggest since 2016 Australian PM Albanese confirms he will meet with Communist Party Chair Xi in China in Nov Chinese police raided the Shanghai offices of a London-based firm, detained an executive