The forex market entered a phase of relative calm during Asian session today, with major currency pairs and crosses having limited movement. The Dollar softened slightly overnight with to retreat in US Treasury yields, but the losses have been minimal. The greenback found support from Fed Chair Jerome Powell’s comments that Fed is not in
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world’s second-largest economy hit consumer spending. Alibaba said net income rose 58% year-on-year to 43.9 billion Chinese yuan ($6.07 billion) in the company’s quarter
The European gas market is in turmoil: after an arbitration court awarded an Austrian energy company a large sum in compensation in a dispute with its Russian supplier, the former wants to offset the claim immediately, Commerzbank’s commodity analyst Barbara Lambrecht notes. There is no longer any dependence on the Russian gas supplier “According to
The EURUSD fell to new low in 2024 and low going back to October 2023 in trading yesterday. The low price reached to 1.0495. That low got within 12 pips of the low swing area target at 1.0483 (see red circles on the chart above). The price rebounded into the close with the pair moving
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Written by , ETMarkets.com| Nov 14, 2024, 06:41:08 PM IST 1/10 Bucking Trend On Thursday, the benchmark index Sensex dropped by 111 points, ending the day at 77,580. Despite the overall market decline, nine stocks from the BSE smallcap index reached their 52-week highs. A 52-week high indicates the highest price a stock has hit over
While Dollar extends recent gains following stronger than expected PPI data in early US session, it’s upward momentum was somewhat capped by the retreat in treasury yields as their correlation continues. Nevertheless, the greenback is still staying as the strongest one for the day and the week. It remains to be seen if there is
Wholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures what producers get for their products, increased a seasonally adjusted 0.2% for the month, up one-tenth of
Disney is back. After several quarters of cutting costs and revamping its streaming business, CEO Robert Iger’s turnaround plans is paying off: On Thursday, the entertainment giant reported strong quarterly earnings and a robust outlook for the coming year. Revenue in the fiscal fourth quarter totaled $22.57 billion, topping the $22.45 billion expected by analysts,
USD/JPY trades in positive territory for the fifth straight day near 156.60 in Friday’s early Asian session. Japan’s GDP rose 0.2% QoQ in Q3, as expected. Fed’s Powell said strong US economic growth will allow the Fed to take its time on rate cuts. The USD/JPY pair extends the rally to around 156.60, the highest
Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically
Headlines: Markets: USD leads, CHF lags on the day European equities higher; S&P 500 futures up 0.1% US 10-year yields down 0.6 bps to 4.445% Gold down 0.7% to $2,555.08 WTI crude up 0.4% to $68.71 Bitcoin up 3.1% to $91,434 The dollar is ramping higher in European trading today as the post-election momentum continues
The victory of Donald Trump in the US presidential elections has not been well-received by the bullion as the prices of gold, on MCX, have fallen by Rs 4,750/10 grams or 6% since November 4, the day of the election verdict. Historically, a rising Dollar has pressured gold prices, a trend evident post-election as Trump’s
Dollar strengthened broadly overnight, underpinned by the solid rebound in US Treasury yields, while stock markets closed mixed. Stalling disinflation progress, as indicated by the latest CPI data, reinforced the likelihood that Fed will only adopt a gradual approach to lowering interest rates in the future. The aggressive 50bps rate cut back in September is
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney will report its
The Mexican Peso is resuming its downtrend after Republicans have won a majority in Congress. This will augment their power to push through radical fiscal and immigration policies that could be detrimental to the Peso. USD/MXN closes in on the November high after rebounding from the base of a rising channel. The Mexican Peso (MXN)
The GBP/USD has declined in trading today, breaking below the 61.8% retracement level of the move up from the April 2024 low, which sits at 1.2732. Yesterday, the price briefly dipped below this key retracement level before rebounding back upward. However, today’s session has seen renewed selling pressure as the pair failed to hold above
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