Dollar is making an effort to extend its near term rebound in early US session, bolstered by significantly stronger-than-expected ADP private job report. Concurrently, the greenback is finding support from the risk-off mood triggered by Fitch’s unexpected downgrade of US sovereign rating, which sent global equities lower. However, Dollar’s upside momentum seems far from being
The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London, Britain. Reinhard Krause | Reuters It’s not a growing jobs market, strong U.S. dollar or a resilient economy that will help the U.S. regain the top rating from Fitch. According to the firm, it’s going to take a major
Share: NASDAQ Stock Market Report: Analyzing Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms, Netflix (NFLX), and Alphabet (GOOGL) Video Chapters00:00 NASDAQ 100 07:26 Apple (AAPL)10:59 Amazon (AMZN)12:33 NVIDIA (NVDA)13:23 Meta Platforms (META)15:55 Netflix (NFLX) 16:30 Alphabet (GOOGL)17:55 Microsoft MSFT18:33 Tesla (TSLA)21:16 End Welcome to our comprehensive stock market report, where we delve
In this article EVGO Follow your favorite stocksCREATE FREE ACCOUNT A view of an EVgo EV charging station on July 28, 2023 in Corte Madera, California. Justin Sullivan | Getty Images EV charging network operator EVgo on Wednesday reported second-quarter revenue that beat Wall Street’s expectations and posted a narrower-than-expected loss, as more EV drivers used its
The Fed raised rates by 25 bps as expected and kept everything unchanged. Fed Chair Powell didn’t hint to anything and just reaffirmed their data dependency keeping all the options on the table. The data since the FOMC meeting has been support the soft-landing narrative as the labour market data remained strong and the inflation
S&P 500 futures have pretty much more than halved losses now, being down just 0.4% after having been down a little over 1% earlier in the session. It’s been a gradual recovery after a dip in the opening hour of European morning trade. Dip buyers are certainly making themselves known and are we going to
Gold traded in the green on Wednesday amid weakness in the dollar index (DXY), as it attempted to regain some lost ground after a sharp Tuesday fall. Indication of a soft landing for the US economy by the country’s Central Bank lifted the DXY. The DXY was still trading above the 102 mark against a
Market sentiment in Asia today leans heavily toward risk aversion, following the unexpected move by Fitch Ratings to downgrade US sovereign rating. Consequently, commodity currencies are grappling with strong sell-offs. New Zealand Dollar is leading the downward spiral, despite strong wage growth reflected Q2’s employment data. Australian Dollar, still reeling from the aftereffects of yesterday’s
Traders work on the floor of the New York Stock Exchange, June 29, 2023. Brendan McDermid | Reuters Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating — but top economists say there is nothing to worry about. Fitch announced late on Tuesday that it had cut
Share: Gold price recovers as investors await US labor market data. The US Dollar Index struggles for a firm footing as US Factory activities contract for ninth months consecutively. The impact of a decline in Gold demand, reported by the World Gold Council, starts fading. Gold price (XAU/USD) bounced back after gauging intermediate support near
In this article JBLU Follow your favorite stocksCREATE FREE ACCOUNT A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA. Tim Rue | Bloomberg | Getty Images JetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter as travelers opt for destinations abroad and the
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Gaming retail company GameStop has announced it will remove its digital wallets from the market starting in November, citing “regulatory uncertainty of the crypto space.” In a notice posted to its website, GameStop said iOS and Chrome Extension wallets will no longer be available starting on Nov. 1, advising users to ensure they have access
USDJPY tests next target area The USDJPY moving to a new session high and in the process is testing the next target area between 143.44 and 143.54 (see red numbered circles on the chart above). Moving above that area, and apart from the natural resistance near 144.00, traders would look toward the 144.12 to 144.22
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Gold prices climbed Rs 80 to Rs 60,430 per 10 grams in the national capital on Tuesday amid a rise in precious metal prices in overseas market, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 60,350 per 10 grams. Silver also jumped Rs 400 to Rs 77,100 per