The EURUSD certainly had a volatile down and up and down session. IN the last post on the EURUSD earlier today, the pair was testing support against the 100 hour MA, 50% of the move up from the December 7 low and a swing area on the hourly chart. All that support came in between
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Raw sugar futures on ICE hit their highest in nearly six years on Thursday as flows from no. 2 exporter India, much needed at this time of the year, dwindle. SUGAR * March raw sugar was up 1.2% at 20.53 cents per lb, having earlier hit its highest since Feb 2017 at 20.73. * Dealers
Dollar rebounds broadly following risk-off sentiment as delayed reaction to Fed’s hawkish projections overnight. SNB, BoE and ECB met expectations with 50bps rate hike. Euro is strong as ECB maintains hawkish bias, with upward revision in inflation projections. Swiss Franc is the third strongest after SNB indicates the possibility of more tightening. Meanwhile, Sterling is
Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation for the month, the Commerce Department reported Thursday. Retail sales for the month declined 0.6%, even worse than the Dow Jones estimate for a 0.3% drop. The number is not adjusted for inflation as gauged by the
In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose 6% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Here’s how the company did: Earnings: $3.60 per share, adjusted, vs. $3.50 per
USD/CHF takes offers to reverse previous day’s bounce off 8.5-month low. Markets stabilize after global central banks portrayed a volatile day, allowing sellers to sneak in. Failure to cross support-turned-resistance directs bears towards three-week-old trend line support. Preliminary PMIs for December, risk catalysts will be important for fresh impulse. USD/CHF stays pressured around the intraday
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The USD is the strongest and the AUD is the weakest as the NA session begins. The Fed raised rates by 50 basis points yesterday but Chair Powell and the Fed raised the terminal rate to 5.10% from 4.6%. That was above the markets expectations. Meanwhile the BOE hiked by a similar 50 bps and
Headlines: Markets: USD leads, AUD lags on the day European equities lower; S&P 500 futures down 1.0% US 10-year yields down 2 bps to 3.464% Gold down 1.6% to $1,778.53 WTI crude flat at $77.31 Bitcoin down 0.7% to $17,706 The focus of trading today is centered around key central bank decisions and we saw
Gold prices have softened on Thursday after hitting a nine-month high which will accelerate wedding season gold demand. In the spot market, the highest purity gold was selling below Rs 54,000 per 10 gram mark Colin Shah, MD. Kama Jewelry said “Gold prices slipped below the $1800 mark briefly, in the domestic market it is
Market reactions to the more hawkish than expected Fed projections were relatively muted. Stocks ended just slightly down while there was no buying momentum for Dollar. The greenback is staying as the worst performer for the week, followed by commodity currencies. Euro is leading Sterling and Swiss Franc as the strongest ones while Yen is
In this article PL Follow your favorite stocksCREATE FREE ACCOUNT Will Marshall, Co-Founder & CEO of Planet Inc., celebrates his company’s listing on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters Satellite imagery and data company Planet reported record third-quarter revenue on Wednesday,
The European Central Bank (ECB) announced on Thursday that it raised its key rates by 50 basis points (bps) following the December policy meeting as expected. With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 2.5%,
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The EURUSD is trading near 6 month highs heading into the FOMC rate decision at 2 PM ET. The Fed is expected to raise rates by 50 basis points, lowering the pace of rate hikes from 75 basis points over the last four meetings. The terminal rate will be of interest by market participants with