Share: EUR/USD bounces back from weekly lows, trading at 1.0818 following Jerome Powell’s comments about a potential pause in the Fed’s tightening cycle. Progress in US debt ceiling talks sparks optimism, with House Speaker McCarthy suggesting a deal might be reached over the weekend. In the Eurozone, the Producer Price Index rises month-on-month, while ECB
The EURUSD is rotating back lower in the US afternoon. The pair moved higher as Fed Powell (may not have to tighten as much due to banks slow lending), and the debt ceiling talk stall sent rates lower and the USD lower with it. Technically, the price for the EURUSD moved above its 100-day MA
The negotiations to raise the U.S. debt ceiling were put on hold. Dems pointed the finger at the GOP. The GOP pointed the finger at the Dems. Pres. Biden comes back from the G7 over the weekend, and I am sure both sides, know what is at stake. Nevertheless, the development alarmed market participants as
Gold futures slipped below the Rs 60,000 mark on Thursday on stronger dollar index which breached the 103 mark against a basket of six major currencies. The hawkish stance from the US Federal Reserve also dented the appeal of bullion. The yellow metal on MCX slipped, taking cues from the correction in international prices. At
Japanese yen made a modest recovery today, bolstered by yet another month of robust consumer inflation data. However, this uptick in the currency was held back by strong risk-on sentiment prevalent in Japan, with Nikkei surging to a 33-year high. BoJ’s continued commitment to its ultra-loose monetary policy also put a damper on Yen’s rise,
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023. Dustin Chambers | Bloomberg | Getty Images Walmart will report fiscal first-quarter earnings before the bell on Thursday, after Home Depot and Target said shoppers have pulled back on big-ticket items and discretionary purchases. Here’s
Share: Oil price reverses gains and marks a decline on Friday after Republicans walked out debt-ceiling talks with President Biden. The US Dollar dips as safe-haven demand dries up on easing debt-ceiling worries, Oil is mainly priced in USD. Downside for the US Dollar is likely to be contained amidst heightened inflation expectations. Oil price
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The price of gold this week has seen a decline of -1.4% or $-28.42 at current levels of $1982.58. Although lower, it was even lower this week. Today’s price is up $25 or 1.28%. A lower dollar and interest rates in the US have helped to spur a short-covering rebound. Looking at the hourly chart,
The weekly Baker Hughes rig count shows a decline of -11 on the week: Oil rigs -11 to 575 Largest week decline since September 2021. Nat. Gas rigs unchanged at 141 Total rigs -11 at 720 Last week, natural gas rigs tumbled -16 rigs. This week it is the oil rigs with a sharp one-week
Democratic presidential candidate Robert F. Kennedy Jr. (RFK) will be the first presidential candidate in United States history to accept campaign donations with Bitcoin, making his first appearance as a presidential candidate at the crypto conference. He praised the cryptocurrency as a “symbol of democracy and freedom” during the event. “Today we show the world
Oil prices fell slightly in early Asian trade on Friday as optimism that a U.S. debt default will be avoided weighed against sticky inflation data that could portend more interest rate hikes from global central banks. Brent futures were down 2 cents at $75.84 a barrel as at 0015 GMT. U.S. West Texas Intermediate (WTI)
As we wind down the week, dollar seems to have resumed its inverse relationship with risk sentiment. Major European stock indices are trending upwards, with Germany’s DAX reaching hitting a new record high. Meanwhile, Euro and other European currencies are registering notable gains against Yen and the greenback. However, these European majors are trailing behind
In this article FL Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Foot Locker’s stock opened 24% lower Friday after it reported dismal fiscal first-quarter results and reduced its outlook just two months after
Share: GBP/USD bulls eye a continuation toward 1.2500. Meanwhile, a correction could be on the cards. As per the prior analysis, GBP/USD Price Analysis: Bulls are lurking in demand area, the price has moved into key resistance and this leaves the outlook for next week´s initial balance weighted to the downside as the following illustrates: GBP/USD
The USDCHF ran to the upside with the broader dollar buying and the pair moved up to a high price of 0.9062. That took the price just above the 38.2% retracement of the move down from 2023 high. That retracement level comes in at 0.90582. The current price trades at 0.9051 just below the retracement