As the debt talks continue to muddle along, and traders getting wary of overbought conditions, the broader S&P and NASDAQ index has been moved to new session lows for the day. For the S&P, it reached a recent high of 4212.91. That took the price above the key natural target at 4200. The 100-week moving
Let’s cut right to the chase. This is not the report that BOE governor Bailey was hoping for when he said that “inflation has turned the corner” in his remarks yesterday. Sure, headline annual inflation may have dropped but that owes much to base effects adjustment as you can see by the details below: The
Gold futures traded flat on the MCX in Wednesday’s trade as a stable dollar index kept gains for the bullion in check. MCX Silver futures, meanwhile, hit an 8-month low. The dollar has gained nearly 2% over the past one month negating gains for bullion from the US debt crisis and economic uncertainties in the
New Zealand Dollar falls broadly today as the markets considered the RBNZ rate hike as a dovish one, probably with interest rate already peaked. The development also takes Aussie lower too. Meanwhile, Sterling is attempting a bounce after strong core CPI reading, as well as services prices. But buyers of the Pound appear to be
Share: The Reserve Bank of New Zealand (RBNZ) hiked its key policy rate by 25 bps to 5.5%. Following the decision, the New Zealand Dollar slumped. Economists at ING believe that NZD/USD could test 0.61. RBNZ may be done with tightening “The RBNZ surprised markets with a dovish 25 bps hike. The decision to hike
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The NZDUSD pair has been trading at lower rates today, slipping beneath its 100-day moving average at 0.62734 and 100-hour moving average of 0.6259. However, it’s been fluctuating around its 200-hour moving average of 0.62505 and is currently positioned at 0.6247, indicating a slight downward bias. As we approach the Reserve Bank of New Zealand’s
Today, the WTI crude futures are closing at $72.91, marking an increase of $0.86 or 1.19%. The commodity hit a high of $73.76 and a low of $71.71. When examining the hourly chart, the peak price encountered resistance within the range of $73.50 and $73.89, identified as a key swing area (highlighted by red numbered
Price volatility will remain high till the outcome of the event and hence, irrespective of the outcome, the consumption of oil will continue. Rest of the factors like slowdown in China and strengthening dollar might create impact on the prices in turn create high volatile moves in the counter, Prathamesh Mallya, Deputy Vice President, Research
Forex markets have turned noticeably risk-off today, with Aussie and Kiwi showing broad-based declines. Despite Loonie holding strong, it is being outperformed by both Dollar and Yen. Meanwhile, European majors present a mixed picture, with Sterling lagging behind Euro and Swiss Franc. Today’s PMI data illustrated a ‘two-track’ economy in Europe, marked by robust services
Former Federal Reserve Board Chair Ben Bernanke speaks during a discussion on “Perspectives on Monetary Policy” during the Thomas Laubach Research Conference at the Federal Reserve Board building in Washington, DC, May 19, 2023. Saul Loeb | AFP | Getty Images WASHINGTON — Former Federal Reserve Chair Ben Bernanke, who guided the central bank and
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s cut its full-year outlook Tuesday, as lumber prices fell and do-it-yourself customers bought fewer discretionary items.
Share: USD/MXN reaches a three-week high amid actions by the Mexican Government, stirring uncertainty in the business community and resulting in outflows from the Mexican Peso. Despite positive talks between President Biden and House Speaker McCarthy, US debt-ceiling agreement remains elusive, casting a shadow over US economic data and causing a downturn in US equities.
The NZDUSD – like a number of other currency pairs – is mired in a narrow trading range. The pair has a low-to-high trading range of only 35 pips. The average of the last 22 trading days (around a month of trading is 59 pips. The market is unsure which way he wants to go.
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Gold prices were steady in early Asian trade on Tuesday as investors focused on the long-drawn U.S. debt ceiling talks after President Joe Biden and the top congressional Republican struggled to make a deal. FUNDAMENTALS * Spot gold edged 0.1% higher at $1,971.09 per ounce by 0019 GMT. U.S. gold futures fell 0.3% to $1,972.10.