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
A project that started out as an institutional-grade quantitative trading system for cryptocurrencies and stocks has transitioned to become a decentralized network sourcing GPU computing power to serve increasing demand for AI and machine learning services. Io.net has developed a test network that sources GPU computing power from a variety of data centers, cryptocurrency miners
Gold traded range bound on Wednesday in the international and domestic markets amid a steady dollar. The MCX December gold futures were trading at Rs 57,651 per 10 gram, up by Rs 22, or 0.04%. Meanwhile, the December silver futures were trading at Rs 69,035 per kg, higher by Rs 117 or 0.17%. MCX Gold
Dollar is exhibiting mixed performance in today’s relatively calm trading environment. Earlier losses were swiftly counteracted, illustrating the greenback’s resilience amidst fluctuating conditions. Interestingly, the extended pullback in treasury yield has left Dollar unscathed, and it has similarly shrugged off stronger than expected PPI data. All eyes are now set on the release of the
A worker prints a label for a fire hose at the NewView Oklahoma facility in Oklahoma City, Sept. 16, 2021. Nick Oxford | Bloomberg | Getty Images A measure of wholesale prices rose more than expected in September, indicating simmering inflation pressures for the U.S. economy. The producer price index, which measures costs for finished
Share: Producer inflation in the US accelerated in September. US Dollar Index stays below 106.00 after the PPI data. The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in September, up from the 2% increase recorded in August, the data published by the US Bureau of Labor
USDJPY trades back below the 100 hour MA. Bearish. The USDJPY moved higher into the US session today, and in the process moved between the 100-hour MA (blue line at 148.83) and the 200-hour MA (green line at 149.129). The high price reached 149.09 which was just above the broken 38.2% at 149.069. The inability
DB says that inflationary pressure is receding: central bank tightening supply chain pressures have diminished commodity price inflation has subsided But, say the analysts, now is not the time to become complacent, urging caution. Outlining 4 reasons to be wary of an inflation resurgence: 1. Above target inflation persists in every G7 country 2. With
Gold prices slipped on Tuesday after rising nearly 2% in the previous session as investors cautiously turned back to riskier assets and looked forward to further cues on the U.S. central bank‘s policy stance. Spot gold was down 0.3% at 1,856.39 per ounce as of 10:58 a.m. EDT (1458 GMT) after rising to a more
Yen is facing renewed selling pressure today as the development coincides a remarkable rebound in Nikkei and pullback in 10-year JGB yield. The notable rally in Nikkei, marking its largest single-day surge in nearly a year, is pivotal, signifying the potential of an extended risk-on sentiment in Japan that could correlate with a further depreciation
New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic shortage” of available homes for sale. In a letter Monday addressed to
Share: NZD/USD touches a one-month peak on Wednesday and is supported by a softer USD. Reduced bets for more rate hike by the Fed and a positive risk tone weighs on the buck. Investors now look to the US PPI and the FOMC minutes for some meaningful impetus. The NZD/USD pair attracts some follow-through buying
The strongest to the weakest of the major currencies The EUR is the strongest and the JPY is the weakest as the North American session begins. The USD is mixed with the USDJPY the biggest mover vs the greenback (+0.40%). The USD is lower vs the EUR and the GBP to start the US trading
Last Friday, the Nasdaq Composite rallied following the big beat in the NFP report as the market continues to bet on the soft-landing scenario. Yesterday, the index opened lower following the outbreak of the war in Israel but bounced back soon after and closed higher as the events in the Middle East are unlikely to
Kickstart your forex trading with a technical look at the technicals driving the EURUSD, USDJPY and GBPUSD. EURUSD: The EURUSD continued its move to the upside after stalling the fall yesterday ahead of the 100-hour MA. That move made it to a key technical swing area and retracement at the 1.0606 to 1.0616 area on
We are now seeing an extension to the narrow ranges from the start of European morning trade today. EUR/USD has moved up from around 1.0570 to 1.0600 while GBP/USD is also up from 1.2230 to 1.2270 on the day. This comes as traders fade the dollar strength from the early risk-off flows yesterday and are
10-year Treasury yields are down to 4.707% now after returning from the long weekend, down notably from 4.782% at the end of Friday. That being said, they are much higher than the opening gap lower of 4.636% earlier today. We already saw how stocks brushed aside the Middle East conflict yesterday, will we see the
Headlines: Markets: EUR leads, JPY lags on the day European equities higher; S&P 500 futures flat US 10-year yields down 7.9 bps to 4.702% Gold down 0.2% to $1,856.25 WTI crude down 0.4% to $86.04 Bitcoin down 0.2% to $27,520 It took less than a day for markets to brush aside the Middle East conflict