The slight dip earlier came from the Eurozone inflation data here but we are seeing yields turn around, similar to yesterday, to climb higher again. 2-year yields in the US are now up over 7 bps to 4.17% while 2-year yields in Germany have also pared the drop to be up 5 bps at 2.79%
Gold prices rallied on Friday led by weakness in the greenback and lower bond yields as investors fixed their eyes on the US March inflation numbers. The dollar index dipped 0.5%, making gold more attractive for overseas buyers, while benchmark 10-year treasury yields. On MCX, April gold futures were trading at Rs 59,930 per 10
Huawei’s revenue stabilized in 2022 as the company diversified into new areas like cloud computing and automotive technology. But its profit plunged as pressure from U.S. sanctions and China’s pandemic controls weighed on the Chinese technology giant. Joan Cros | Nurphoto | Getty Images Huawei reported on Friday its biggest annual decline in profit on
Share: AUD/USD is a touch higher as China’s March Official PMI Manufacturing arrived at 51.9 vs. the expected 51.5 while Services came in at 58.2 vs. the expected 54.3. AUD/USD update The Australian Dollar edged higher on Friday as banking fears calmed a little, while bonds were boasting their best month in a decade after expectations for rate hikes
Euro is on the rise today, pulling Sterling and Swiss Franc along with it. Slightly higher-than-expected German inflation data is sparking speculation of a potential upside surprise in Eurozone CPI tomorrow. This development, coupled with recent hawkish rhetoric from ECB officials, suggests further tightening are on the horizon, provided banking troubles don’t resurface. Dollar and
The USDCAD is approaching the 100 day MA at 1.35142. The low price just reached 1.3519. The 100 day MA closed below the 100 day MA last on February 20. Often traders will lean against the 100 day MA on the first test (after a while). The low prices today have seen that so far
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 inched lower on Thursday as the U.S. dollar firmed, while easing concerns about the global banking system slowed safe-haven flows into bullion. FUNDAMENTALSSpot gold was down 0.2% at $1,960.68 per ounce, as of 0103 GMT. U.S. gold futures fell 0.3% to $1,962.10. The dollar index was 0.1% higher, making bullion less affordable for
Initial filings for unemployment insurance ticked higher last week but remained generally low in a tight labor market. Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period and a bit higher than the 195,000 estimate, the Labor Department reported Thursday. Though the number was slightly higher than expectations,
In this article EVGO Follow your favorite stocksCREATE FREE ACCOUNT U.S. Secretary of Transportation Pete Buttigieg looks at an EVgo charging station during an electric vehicles event outside of the Department of Transportation October 20, 2021 in Washington, DC. Drew Angerer | Getty Images EV charging network operator EVgo on Thursday reported fourth-quarter revenue that
Trade with World Top Broker And Enjoy Exclusive Benefits. 1) https://www.icmarkets.com/?camp=43804 In this video, we will show you how to use a powerful forex trading strategy that can help you earn consistent profits in the forex market. We will be using a combination of technical indicators to identify high-probability trading opportunities, and we’ll walk you
The ultimate guide for beginners on how to trade stocks. If this video gets 1,000 likes I will be making a complete A-Z guide on everything you need to know to become a successful trader. Hopefully, this will help a lot of you new guys out! Enjoy! If you learned something new, leave a like!
In this video, I demonstrate how to use this strategy to trade gbpusd. It can also work for any currency pair and asset class Subscribe or I take your stop loss 🙂 ?Subscribe to my channel https://bit.ly/3qaqemJ ?Join My VIP Membership To Improve Your Trading https://bit.ly/3S2hhbB FOLLOW ON SOCIAL MEDIA ?Twitter https://bit.ly/38EXA74 ?Telegram https://t.me/RabaFx ?Instagram
On Jan. 26, a Medium article revealed that an entity with control over multiple Ethereum addresses had consistently purchased cryptocurrencies prior to their listing on Binance, selling them for a million-dollar profit after the event. The article refers to 16 cases from an on-chain analysis perspective, demonstrating how the mysterious entity was aware of Binance
Share: GBP/USD Forecast: Pound Sterling needs to overcome 1.2360 to push higher Following a decline toward 1.2300, GBP/USD has gathered bullish momentum and advanced to the 1.2350 area early Thursday. The pair faces strong resistance at 1.2360 and it needs to flip that level into support to continue to push higher. Read more… Could GBP/USD drop
In the quiet Asian session, Canadian Dollar continues to outperform, while positive risk sentiment is providing a slight boost to Australian Dollar, though not New Zealand Dollar. Euro is drawing support from hawkish remarks by ECB officials but lacks strong follow-through buying. Yen, Swiss Franc, and Dollar remain the weaker currencies this week, reflecting overall
On the daily chart below for XTIUSD, we can see that after breaking out of the 3 month-long range, the sellers piled in aggressively dragging the price to the $64 price zone. This is where we got a bounce. The current rally may be due to the easing in fears around the banking sector and
European indices are keeping gains near 1% while S&P 500 futures are up 16 points, or 0.4%, and that is helping with the overall mood in markets so far. In turn, the dollar is the laggard but the losses aren’t really too overwhelming. EUR/USD is up 0.2% to 1.0860 levels but is in the hunt