The US Federal Reserve is moving closer to cutting interest rates. A first move at the meeting in June is still likely if the next inflation data show progress, economists at Commerzbank say. Fed wants to gain more certainty that inflation has really been beaten While the Fed is moving towards lowering interest rates, it
THe USD has moved to new highs vs a number of the major currencies. It is not the strongest of the major currencies: The USD is now the strongest of the major currencies Helping is a move higher in rates, but also some better data in the US including continued jobless claims data, existing home
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 jumped by Rs 1,193 per 10 grams on the MCX in Thursday’s trade following US Federal Reserve’s dovish commentary and its sticking to the possibility of at least three rate cuts this year. The yellow metal contract hit a fresh lifetime high of Rs 66,943, gaining nearly 1.8% over the previous closing. Track
Swiss Franc is trading as the day’s most significant loser in the wake of SNB’s surprising decision to cut interest rates. This move, along with a substantial downward revision of inflation forecasts, is seen by some economists as a strategic effort by SNB to alleviate the burden of a high exchange rate on Switzerland’s export-driven
The Swiss national flag hangs from the Federal Palace, Switzerland’s parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty
Gold price gains strong positive traction for the second straight day and hits a fresh all-time high. The Fed’s projected three rate cuts this year weigh on the USD and benefit the yellow metal. The prevalent risk-on mood prompts some profit-taking amid slightly overbought conditions. Gold price (XAU/USD) trims a part of its intraday gains
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
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 climbed to a record high on Thursday, as the U.S. dollar and bond yields ticked lower after the Federal Reserve maintained its projection of three rate cuts for this year. Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other
Japanese Yen’s decline intensified today and it’s on the verge of breaking to new historical low against the greenback. Japan’s stock markets are on holiday today, but the strong rally in Nikkei yesterday, which surged 40k psychological mark again, was significant. The robust risk-on sentiment within Japan and its weakening currency are clearly reinforcing each
In this article MU Follow your favorite stocksCREATE FREE ACCOUNT The Micron Technology headquarters in Boise, Idaho, on March 28, 2021. Jeremy Erickson | Bloomberg | Getty Images Shares of Micron popped more than 14% in extended trading on Wednesday after the company announced second-quarter fiscal 2024 results that beat analysts and offered rosy guidance.
The US Dollar sees its fifth consecutive gains starting to fade ahead of the Fed. Traders brace for the Fed decision, with Powell and new economic projections on the docket. The US Dollar Index slides back below 104.00 with gains being erased towards the Fed meeting. The US Dollar (USD) faces some hiccups with the Federal
The USDCAD yesterday moved higher and moved into a swing area on the 4-hour chart between 1.36049 and 1.36269. In between sits the 61.8% retracement of the move down from the November 2023 high to the December 2023 low at 1.3623. That move to the upside failed and the price rotated back lower into the
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 continued its range-bound trade on Wednesday ahead of the US Federal Reserve’s policy meeting outcome later today. The MCX April gold futures were trading at Rs 65,675 per 10 grams, up by Rs 92 or 0.14% while the May Silver contract was trading at Rs 75,320 per kg around 9:30 am, higher by Rs
Dollar stands firm as the day’s strongest currency, with the financial markets on edge for the Fed’s impending announcement. While interest rate is widely anticipated to hold steady at 5.25-5.50%, the spotlight is on the potential adjustments to Fed’s dot plot. December’s projections hinted at three rate cuts for the year, yet the consensus was
Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty Images European Central Bank chief Christine Lagarde on Wednesday reiterated that policymakers will consider bringing interest rates down in June, but sketched an uncertain path beyond that. “By
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