TRV stock soars 8% on Thursday after delivering record Q3 earnings. Travelers adjusted EPS spiked 169% from a year earlier. Record underlying underwriting income led to the successful quarter. TRV stock could run up to $280 based on technical chart pattern. The Travelers Companies (TRV) stock has popped 8% on Thursday after its third-quarter earnings
Euro tumbled broadly after ECB’s decision to cut its deposit rate by 25bps, as widely expected. During the post-meeting press conference, President Christine Lagarde maintained a cautious tone, stressing that ECB is “not pre-committing to a particular rate path.” However, her overall stance leaned dovish, with a clear acknowledgment that “economic activity has been somewhat
The USDCAD moved up for 9 consecutive days and was on its way to 10 straight on Tuesday before hitting a resistance target area near 1.3833 to 1.3847 and finding sellers/profit takers. The move back to the downside saw the price move down for 2 days and back to a low today of 1.3743 –
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 charged to an all-time high on Thursday as expectations of more U.S. Federal Reserve rate cuts and uncertainty over the U.S. presidential election boosted demand for bullion, while traders awaited U.S. economic data. Spot gold rose 0.2% to $2,678.13 per ounce by 0934 GMT, after hitting a record high of $2,685.60. U.S. gold
Consumer spending held up in September, underscoring a resilient economy that is now getting a boost from the Federal Reserve, the Commerce Department reported Thursday. Retail sales increased a seasonally adjusted 0.4% on the month, up from the unrevised 0.1% gain in August and better than the 0.3% Dow Jones forecast, according to the advance
In this article 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue
NZD/USD attempts to remain within the descending channel pattern. If the 14-day RSI breaks below the 30 level, it would indicate an oversold territory and possibility of a short-term upward correction. The immediate resistance appears at the nine-day EMA at 0.6101 level, followed by the 50-day EMA at 0.6153 level. The NZD/USD continues its losing
Sterling has taken a significant hit after UK inflation data for September showed sharper-than-expected decline, falling below BoE’s 2% target again, and hit the lowest level in over three years. Core CPI also fell more than forecasted, indicating a stronger pace of disinflation. Services prices, a key inflation driver, showed a marked slowdown, reinforcing the
As the US session works to a close and the Asian Pacific looks to restart, the NZDUSD is pushing the 61.8% retracement target at 0.60509. If the price can move back below that retracement, the low from the first hours of the trading day today down at 0.60387, followed by the low of a swing
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 held below record levels on Thursday as investors looked forward to a slew of U.S. economic data that could offer more clues on the Federal Reserve‘s monetary easing path. FUNDAMENTALS * Spot gold was little changed at $2,674.96 per ounce, as of 0025 GMT. Prices rose to a session high of $2,685.16 on
Here’s a rapid-fire update on all the stocks in Jim Cramer’s Charitable Trust, the portfolio we use for the CNBC Investing Club. Jim broke down each holding on Wednesday during the October Monthly Meeting. 1. Apple: Don’t worry about Wall Street’s bearish commentary on this stock ahead of quarterly earnings. If the tech giant doesn’t
XAU/USD climbs as falling US Treasury yields boost demand for non-yielding assets. Traders anticipate rate cuts from major central banks as inflation cools with the ECB expected to act on October 17. Geopolitical uncertainty and upcoming US elections fuel demand for Gold as a safe-haven asset amidst economic slowdown fears. Gold prices rose during the
Sterling is currently the weakest performer in today’s trading, though selling pressure remains somewhat contained for now. Weaker-than-expected inflation data from the UK further strengthened the case for BoE to cut interest rates in November. More critically, markets are now pricing in a higher probability of another back-to-back rate cut in December. Interest rate futures
The AUDUSD fell below its 100-day moving average earlier in the Asian session at 0.6694, and after bouncing off a Asian session low of 0.6667, the subsequent corrective high found willing sellers near that moving average level and below the 0.6700 natural resistance level. The last few hours have seen more downside momentum which is
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 December futures contracts at MCX opened flat on Wednesday at Rs 76,393 per 10 gram, which is up by 0.04% or Rs 33 while silver December futures contracts were trading at Rs 91,620/kg, down by Rs 3 merely. On Tuesday, gold and silver settled on a positive note in the domestic and international markets.
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