Apart from what has already been posted there is no fresh news nor data. The USD has lost ground as the Asia morning has gotten underway. EUR/USD has not managed to poierce its Thursday high, but AUD has done so. Meanwhile, USD/JPY has dribbled back to its Thursday, US timezone) lows. EUR/USD: ADVERTISEMENT – CONTINUE
Month: August 2022
Gold prices edged higher on Thursday as the dollar slipped, while investors looked forward to a speech by U.S. Federal Reserve Chair Jerome Powell at the Jackson Hole symposium for clues on interest rate hikes and the health of the economy. FUNDAMENTALS Spot gold was 0.1% higher at $1,753.01 per ounce, as of 0110 GMT.
Dollar’s rally was choked off by terrible PMI data, in particular services, overnight. But the greenback is trying to regain some footing in Asian session. It’s too early to say that the bullish trend in Dollar has reversed. Traders are just holding their bets for now, awaiting more guidance from Fed Chair Jerome Powell at
In this article NVDA Nvidia reported second quarter earnings that missed Wall Street expectations for revenue and earnings per share. The report is in line with Nvidia’s preliminary earnings two weeks ago. The chipmaker warned that it would miss Wall Street estimates and that growth had slowed significantly because of disappointing gaming sales driven by
GBP/JPY takes offers to refresh intraday low, down for the second consecutive day. Market sentiment improves on mixed US data, China stimulus. Cautious optimism of Japan government, challenges for BOJ’s easy money policy seem to underpin JPY strength of late. A light calendar keeps risk catalysts in the driver’s seat, Jackson Hole in focus. GBP/JPY
Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter. Trabucco said co-CEO Caroline Ellison will become CEO, and he will remain in the capacity of adviser. Alameda Research is the quantitative trading company set up by FTX crypto exchange founder Sam Bankman-Fried in 2017. In a long thread titled “On Happiness,” Hong Kong-based
In the morning forex report, i outline the levels in play for the major currency pairs as the clock ticks toward the Jackson Hole Symposium and the Chair Powell speech on Friday at 10 AM. The USD is higher on the day with some of the pairs breaking away from MA levels increasing the dollar
The major US indices are opening with was gains/losses. The NASDAQ and S&P are near unchanged. The Dow industrial average is down -0.10%. A snapshot of the markets shows: Dow industrial average -20.99 points or -0.09% at 32880.61 S&P index -1.86 points or -0.05% at 4126.86 NASDAQ +6.90 points or 0.06% of 12388.20 Russell 2000
Gold price in the national capital on Wednesday rose Rs 274 to Rs 51,909 per 10 grams amid firm global trends, according to Securities. The yellow metal had closed at Rs 51,635 per 10 grams in the previous trade. Silver also jumped Rs 448 to Rs 55,682 per kg from Rs 55,234 per kg in
Dollar is recovering some ground today but stays below yesterday’s high in general, consolidations continue. Overall trading in subdued with major pairs and crosses suck inside yesterday’s range. Kiwi and Aussie are on the softer side while the greenback and Yen are firmer. European majors are also weak but there is no follow through selling.
The U.S. needs to return to the kind of economic and productivity growth it saw in mid-20th century to boost public spirits, according to a Nobel Prize-winning economist. “We badly need to get back to economic growth,” Edmund S. Phelps, director of the Center on Capitalism and Society at Columbia University, told CNBC’s “Squawk Box
In this article DKS Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Dick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year. The sporting
AUD/USD has failed to sustain above 0.69. But economists at Rabobank expect the pair to move back higher towards 0.71 over the coming months. Aussie to catch its breath “Going forward Australian growth is set to slow. The central bank forecasts growth at 3.25% over 2022, underpinned by growth in consumption and a recovery in
The declines in the USD are being whittled away as yields move back higher. The US 2 year auction was dismal with little in the way of domestic or international demand. The Jackson Hole Symposium may be weighing on the minds of investors. Sale of 2 year notes are generally not a problem, even though
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NEW DELHI: Gold prices traded flat on Tuesday, with mild gains, thanks to a slight pullback in the US dollar. However, possibility of aggressive US Fed hikes capped the gains for the yellow metal. US Fed chair Jerome Powell will address the annual global central banking conference in Jackson Hole, Wyoming, on Friday, a highly
European majors, including the Swiss Franc, are under much selling pressure currently. EUR/USD dived through parity, and hit a new low. The development came on worries that Russia will further weaponize its natural gas supplies to Europe, adding further weight to the already troubled economy. Dollar is strong as supported by rising treasury yield, with
In this article JWN Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday slashed its financial forecast for the full year as the department store chain faces a glut of inventory and slowing demand. The retailer’s lowered forecast came even
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