Christian Lindner, Germany’s finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Ting Shen | Bloomberg | Getty Images German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off
Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. Revenue for the three months ended Sept. 30 rose 5.6% year-over-year to $9.73 billion but short of the LSEG compiled consensus estimate of $9.9 billion. Adjusted earnings per
GBP/USD Price Forecast: Climbs to three-day peak, approaches 1.3000 The Pound Sterling recovered some ground and traded at around three-day highs of 1.2998 yet remained unable to crack the 1.3000 figure at the time of writing. Market mood has improved slightly, a headwind for Greenback, which, despite that, is headed to sustain weekly gains of more
BOJ Ueda is on the wires saying: Optimism over U.S. economic outlook seems to be broadening somewhat We need to scrutinize further whether optimism over U.S. outlook is sustained BOJ still can afford to spend time scrutinising risks Recent yen falls driven partly by optimism over U.S. economic outlook When looking at fallout from weak
The changes are light in the new day but the antipodeans are slightly lagging in the major currencies space. It’s not so much the dollar but perhaps some light softness in the yuan is also weighing. In any case, it is bringing into focus some key technical levels for AUD/USD right now. AUD/USD daily chart
Gold December futures contracts at MCX were trading at Rs 78,143 per 10 gram, down by 0.37% or Rs 288 while the silver December futures contracts were trading at Rs 96,401/kg, down by 0.65% or Rs 631. Gold prices have gained Rs 2,500/10 gram in the month of October so far while the silver prices
Japanese Yen and the Nikkei index have both been hammered this week as political uncertainty ahead of Japan’s snap election seemed to be rattling investor confidence. Yen accelerated its slide against Dollar through 153 mark while Nikkei ended the day with a sharp loss of over 300 points. Prime Minister Shigeru Ishiba’s dissolution of the
General view of the City of London skyline, the capital’s financial district, in October. Sopa Images | Lightrocket | Getty Images LONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand. The IMF now sees 1.1% growth
In this article DXCM Follow your favorite stocksCREATE FREE ACCOUNT Kevin Sayer, CEO, Dexcom Scott Mlyn | CNBC Shares of Dexcom fell 9% in extended trading on Thursday after the company released third-quarter results that beat analysts’ expectations but showed a decline in U.S. revenue year over year. Here’s how the company did: Earnings per
The Australian Dollar loses ground despite the hawkish RBA’s policy outlook. The AUD inches lower as the US Dollar appreciates amid less-dovish sentiment surrounding the Fed. CME FedWatch Tool suggests a 97% chance of a 25-basis-point rate cut by the Fed in November. The Australian Dollar (AUD) edged lower against the US Dollar (USD) on
In the above video, I take a technical look at the USDCAD after the 50 bp cut yesterday. That move took the price higher and outside a key swing area, but could not sustain momentum. However, the decline today is trying to hold support at an earlier base level this week. That level will be
In the above video, I speak to the technicals that are driving the USDCHF in trading today. Below is a summary of those technicals. Market Overview The USD/CHF begins the day with a relatively narrow 21-pip trading range, significantly below its average monthly range of 53 pips (39% of normal). This subdued volatility makes it
Final Sept reading was 55.2 Manufacturing 47.8 vs 47.5 expected Prior manufacturing was 47.3 prior Composite 54.3 vs 54.0 prior These numbers are a touch hot, highlighting once again that the US economy is fine. Commenting on the data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “October saw business activity continue
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices held steady on Thursday after scaling an all-time high in the previous session, with a stronger dollar and an uptick in U.S. Treasury yields offseting support from safe-heaven demand. FUNDAMENTALS * Spot gold was flat at $2,718.32 per ounce, as of 00:13 GMT. U.S. gold futures were 0.1% higher to $2,732.10. * Prices
After witnessing profit booking on the higher levels yesterday, Gold December futures contracts at MCX on Thursday opened flat at Rs 77,971 per 10 gram, which is up by 0.2% or Rs 159 while silver December futures contracts were trading at Rs 97,450/kg, up by 0.51% or Rs 490. On Wednesday, gold and silver settled
Japanese Yen saw a modest recovery today after briefly dipping below the 153 mark against Dollar, as Japanese officials finally broke silence on the currency’s recent decline. Finance Minister Katsunobu Kato stated that the government is closely monitoring exchange-rate movements with “heightened vigilance, including for any speculative moves.” He reiterated the need for exchange rates
The forex markets are relatively calm today, as major currency pairs and crosses gyrate within familiar ranges, digesting recent moves, and awaiting fresh data. Euro is having a slight recovery, supported by mixed PMI data that reflected an improving outlook in Germany, offset by a more concerning deterioration in France. Inflationary pressures continue to linger,
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