European majors are experiencing significant selling pressure today, with Euro leading the declines. Euro sharply depreciated as traders increased their bets on an aggressive 50 bps rate cut by ECB in December, following dismal PMI data. Market expectations for such a cut have surged to 50%, a substantial rise from around 15% just a day
Kevin Warsh Jin Lee | Bloomberg | Getty Images President-elect Donald Trump is considering naming Kevin Warsh as Treasury secretary then ultimately sending him off to serve as Federal Reserve chair, according to a Wall Street Journal report. A former Fed governor himself, Warsh would move over to the central bank after current Chair Jerome
In this article GAP Follow your favorite stocksCREATE FREE ACCOUNT People walk past an Old Navy store on Fulton Street on April 11, 2024 in Downtown Brooklyn in New York City. Michael M. Santiago | Getty Images Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company
US S&P Global Composite PMI rose to 55.3 in November’s flash estimate from 54.1 in October, showing that the business activity in the US’ private sector continued to expand at an accelerating pace. S&P Global Manufacturing PMI improved to 48.8 from 48.5, highlighting an ongoing contraction, while the Services PMI rose to 57 from 55. Assessing the survey’s
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
Written by , ETMarkets.com| Nov 21, 2024, 03:50:52 PM IST 1/8 Solid Performance Indian equity market recently experienced a sharp decline, with many stocks facing weakness. For some investors, this correction presents a chance to buy shares that were once overpriced. However, it can be challenging to decide which stocks to invest in, especially in such
Euro continues to trade on the softer side in an otherwise directionless market. Yet it’s holding above its low against Dollar, lacking sufficient momentum for a decisive breakout. Market participants and ECB policymakers are grappling with critical questions regarding the pace at which interest rates should be reduced towards neutral, and whether the terminal rate
In this article INTU Follow your favorite stocksCREATE FREE ACCOUNT Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024. Rodin Eckenroth | Filmmagic | Getty Images Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast
The Australian Dollar remains solid as the PMI indicates a mixed economic picture. Judo Bank Australian manufacturing activity improved in November but remained in contraction, while services activity slipped into negative territory. The US Dollar Index reached its fresh yearly high of 107.15 after the US Initial Jobless Claims released on Thursday. The Australian Dollar
The NZDUSD fell sharply last week and in the process fell below a key support area between 0.5848 and 0.5859. That break failed and the price except back higher. In trading on Monday, the price fell back below that swing area for the second time, and for the second time the break failed. This time,
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
Written by , ETMarkets.com| Nov 21, 2024, 05:06:51 PM IST 1/7 Market Summary Indian market closed lower on Thursday tracking weak global cues. The S&P BSE Sensex fell more than 400 points while the Nifty50 closed below 23,400 levels. ET Spotlight Special 2/7 Sectoral Summary Sectorally, buying was seen in healthcare, IT and realty stocks while
Yen rebounded broadly today as market participants interpreted comments from BoJ Governor Kazuo Ueda as a potential signal for a rate hike in December. Ueda noted that there is still a month before the next policy meeting and that the central bank will have a substantial amount of data to consider by then. While he
Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. Andrew Harrer | Bloomberg | Getty Images President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending on how
Don’t sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday’s closing bell. The cybersecurity company delivered strong fiscal 2025 first-quarter results, beating estimates on basically every line. It also raised full-year guidance across several key metrics. However, the recently rallying stock fell victim to profit-taking as
EUR/CHF declines to new lows after breaking out of a Triangle pattern. It is likely to continue lower according to technical analysis theory. EUR/CHF falls lower after breaking out of a Triangle pattern. It will probably continue to decline until it reaches the next downside target, which has been revised up to 0.9145 – 0.9150.
The USDJPY, GBPUSD and the USDCHF have each seen up and down action today. For the USDJPY and GBPUSD, the price action traded above and below the 100 hour MA. Both also used that MA as either support (for the USDJPY) or resistance (for the GBPUSD). That helps to increase the MAs importance going forward
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