There’s no clear explanation for the price action in North American trade today in USD/JPY. You can see what happened here: The rally might have gotten some added juice from stops as the February and 2023 high of 135.23 broke. However it’s since reversed in a big way despite no much change in the mood
Sam Bankman-Fried and his co-conspirators made more than 300 illegal political donations in the United States, according to a new indictment against the FTX cryptocurrency exchange founder unsealed on Thursday in Manhattan federal court. The donations, totaling tens of millions of dollars, were unlawful because they were attributed to a “straw donor” or made using
Swiss Franc is trading broadly lower today while Yen and Aussie are also turning weaker. The theme for now is interesting will stay higher for longer due to resilience in major economies. Monetary policy in Japan and Swiss will be lagging behind. Dollar is staying generally firm and looks set to extend recent rally. Rising
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The U.K. has thus far avoided a widely anticipated recession, and the signs from the business world are that the economy may be holding up better than feared, according
A vial of the Moderna coronavirus disease (COVID-19) booster vaccine targeting BA.4 and BA.5 Omicron sub variants is pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, September 8, 2022. Hannah Beier | Reuters Moderna on Thursday missed earnings expectation for the fourth quarter, as costs rose from surplus production capacity and lower demand for its Covid-19
Share: US Q4 GDP revised lower, inflation indicators revised higher. Jobless Claims, Chicago Fed Activity surpassed expectations. Gold’s rebound fails to rise above $1,830. Gold prices rebounded after hitting fresh monthly lows amid risk appetite and an intraday reversal of the US Dollar. XAU/USD bottomed at $1,817 following the release of US economic data, the
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The major US stocks indices are closing the day mixed (the Nasdaq closed modestly higher) The S&P is down for the 4th consecutive day and is closing below the 4000 level. The Nasdaq snapped a 3 day decline The Dow was the worst performer with a decline of -0.25% The final numbers are showing: Dow
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Gold prices ticked lower on Thursday after minutes from the Federal Reserve’s latest policy meeting indicated that the U.S. central bank would likely keep interest rates higher for longer to check high inflation. FUNDAMENTALS * Spot gold was down 0.1% at $1,823.69 per ounce, as of 0039 GMT. U.S. gold futures slipped 0.5% to $1,833.10.
Reaction to FOMC minutes overnight was relatively muted with major US indexes closing mixed, while 10-year yield dipped slightly. Dollar, however, is making some progress by breaking to the upside against Euro. But momentum of the greenback is so far rather weak. At the same time, Yen is trying to recover against Europeans and commodity
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia Corp CEO Jensen Huang holds one of the company’s new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022. Nvidia Corp | via Reuters Nvidia stock rose more than 8% in extended trading on Wednesday after the company
Share: USD/INR is displaying wild moves as investors are discounting the impact of the release of the overnight FOMC minutes. Fed policymakers are favoring the continuation of policy tightening to avoid fears of a recovery in US inflation. The asset is testing the breakout of the Descending Triangle chart pattern around 82.70. The USD/INR pair
According to a press release on Feb. 22, Tencent Cloud, the cloud computing branch of Chinese internet giant Tencent, announced that it had concluded multiple agreements with blockchain firms to support the active development of the Web 3.0 ecosystem. Firstly, Tencent Cloud signed a memorandum of cooperation with decentralized blockchain infrastructure provider Ankr to jointly
The AUDUSD has reached a new session low of 0.68104. That barely took out the early European session low of 0.68106. The low from last week reached 0.6811. The hold up at the low is the 200 day moving average which currently comes in at 0.68038. Dip buyers are leaning against the key moving average
Reuters is reporting that Russia is intending to cut crude exports from its western ports by 1/4 in March/April. Recall Russia voluntarily cut oil production by 500K BPD in March in response to sanctions. Yesterday crude oil settled at $76.16. The current price is trading at $75.56. That’s down $0.60 on the day or -0.74%.
Gold price rose Rs 90 to Rs 56,350 per 10 gram in the national capital on Wednesday amid gains in prices of the precious metal overseas, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 56,260 per 10 gram. Silver also jumped Rs 113 to Rs 66,083 per kg.