Share: Pound Sterling vs US Dollar weakens after the BoE meeting, after Andrew Bailey’s comments on easing inflationary pressures. Nevertheless, BoE Chairman adds that inflationary risks are still skewed to the upside and secondary effects are persistent. Another shooting star candlestick reversal pattern forms at the GBP/USD May highs but requires confirmation from a
The USDCAD has seen down and up price action today. The low for the pair was reached soon after the CPI data this morning. That low dipped below the swing low from April 18 and April 17, but quickly rebounded with the dollars rebound back to the upside. The move back higher took the price
Major FX markets remained rangebound here during the timezone. The volatility seen after the US April inflation report didn’t carry through to Asia. Fresh news flow was very light indeed and non-impactful. On the data front we had inflation data from China published. Consumer level prices (CPI) eased further in April, to their lowest y/y
Gold prices ticked up on a softer dollar in early Asian hours on Thursday, while investors awaited further clarity on the U.S. Federal Reserve’s monetary policy path. FUNDAMENTALS * Spot gold rose 0.2% to $2,032.48 per ounce, as of 0030 GMT. U.S. gold futures were up 0.1% at $2,039.00. * The dollar index slipped 0.1%,
Dollar is trading mixed in Asian session today as market participants eagerly anticipate April’s consumer inflation data from the US. The much-anticipated meeting between US President Joe Biden and Republican House Speaker Kevin McCarthy unfolded as expected, with no resolution on the government’s self-imposed USD 31.4T debt limit. This issue, if unresolved, could plunge the
Shoppers during the grand opening of a Costco Wholesale store in Kyle, Texas, on Thursday, March 30, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Even with inflation running well above the Federal Reserve’s goal, markets became more convinced Wednesday that the central bank will be cutting interest rates by as soon as September. The
In this article U Follow your favorite stocksCREATE FREE ACCOUNT Unity Software CEO John Riccitiello speaks onstage during TechCrunch Disrupt SF 2018 in San Francisco, Sept. 5, 2018. Steve Jennings | TechCrunch | Getty Images Shares of Unity Software popped more than 11% in extended trading Wednesday after the company released first-quarter earnings that beat
Share: Gold price struggles to defend weekly gains as $2,050 hurdle keeps pushing back XAU/USD buyers. Mixed details of US inflation, cautious optimism and softer China data prod Gold price upside. US PPI, consumer inflation expectations eyed for clear directions. Gold price (XAU/USD) stays on the way to posting a three-week uptrend despite the previous
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The NZDUSD continued its move to the upside today by making a new high going back to February 14, 2022. The high price extended above the April high of 0.63765, reaching 0.63801. Looking at the daily chart, the price did stall ahead of the top of a swing area between 0.6363 and 0.63891 (see red
Major European stock indices are ending that session lower. The declines are led by France’s CAC which declined by -0.49%. A look at the closing levels shows German DAX -59.25 points or -0.37% at 15896.24 France’s CAC -35.97 points or -0.49% at 7361.21 UK’s FTSE 100 -282.78 points or -0.29% at 7741.32 Spain’s Ibex -15.50
Tabi, the nonfungible token marketplace previously as Treasureland, has completed a $10 million angel funding round, the BNB Chain-based platform announced on May 10. The funding was seeded by venture capital firms Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures and Youbi Capital. Individual investors include Bo Feng of Dragonfly Capital, Riyad
Gold prices declined by Rs 265 to Rs 61,585 per 10 grams in the national capital on Wednesday amid a fall in international precious metal prices, according to HDFC Securities. The yellow metal had ended at Rs 61,850 per 10 grams in the previous trade. Silver, however, rose by Rs 120 to Rs 77,800 per
Dollar finds itself on the back foot in early US trading as data showed both headline and core CPI slowed in April. This data release has also sent 10-year yield plummeting below 3.5% mark. Japanese Yen is finding some strength, bolstered by the drop in yields. On the other hand, commodity currencies are regaining their
A widely followed measure of inflation rose in April, despite more than a year’s worth of Federal Reserve interest rate increases. The consumer price index, which measures the cost of a broad swath of goods and services, increased 0.4% for the month, in line with the Dow Jones estimate, according to a Labor Department report
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Writers walk the picket line on the second day of the television and movie writers’ strike outside Disney Studios in Burbank, California on May 3, 2023. Robyn Beck | AFP | Getty Images A writers strike, a feud in Florida and ongoing company-wide layoffs —