Dollar is trading on the softer side again as focus turns to CPI report from the US today. While the markets are finally buying in that federal fund rates would peak above 5% level, there are already some bets on a higher terminal rate. Meanwhile, the bets on a rate cut this year is receding
Month: February 2023
Share: AUD/USD takes offers to refresh intraday low, prints the first daily loss in three. RBA’s Lowe fails to impress hawks despite citing inflation woes. Failures to cross immediate hurdles, bearish MACD signals favor sellers. Two-month-old ascending support line, 50-DMA challenge further downside. AUD/USD recalls bears, after a two-day absence, as it renews its intraday
The strongest to the weakest at the start of day To start the US trading session (and before the US CPI), the USD was mostly lower. The GBP and the EUR were the strongest of the majors and the NZD was the weakest. The USD was right behind the NZD on the weakish end of
Yesterday’s trading was a hint of what was to come. There’s money on the sidelines that is more worried about missing the bottom of the market cycle than next month’s CPI report. There was also all the money that ran scared late last year on recession fears that’s now having a rethink. That’s competing with
Inflation turned higher to start 2023, as rising shelter, gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday. The consumer price index, which measures a broad basket of common goods and services, rose 0.5% in January, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones had
In this article KO Follow your favorite stocksCREATE FREE ACCOUNT Nurphoto | Getty Images Coca-Cola on Tuesday reported quarterly revenue that beat analysts’ expectations, driven by higher prices for its drinks. But those higher prices have hurt demand for Coke products like Simply Orange Juice and Fairlife Milk. Coke said its unit case volume, which strips
Share: The index dropped to multi-session lows post-CPI. US inflation rose more than expected during January. FOMC’s Logan, Harker and Williams come next in the docket. The USD Index (DXY), which gauges the greenback vs. a basket of its main competitors, manages to regain some composure and leaves behind earlier lows in the sub-103.00 region
Gold price declined by Rs 55 to Rs 56,865 per 10 gram in the national capital on Tuesday, according to HDFC Securities. The precious metal had ended at Rs 56,920 per 10 gram in the previous trade. Silver also tumbled Rs 455 to Rs 66,545 per kilogram. “Spot gold price in the Delhi markets traded
Dollar is rather indecisive in early US session. US consumer inflation slowed less than expected in January, support Fed to continue tightening, probably for longer. However, positive risk sentiment is offsetting the boost to the greenback. Sterling, on the hand, was lifted by solid job data while FTSE hitting new record high. Elsewhere, Euro Swiss
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NZDUSD tests the 200 hour MA and stalls The NZDUSD moved up today and in the process, the price moved up to test the 200 hour MA at 0.6362. The sellers leaned against the level and the price has modestly come off the MA level. In the new trading day, the swing are between 0.6345
German DAX futures -0.1% UK FTSE futures +0.1% This comes as we see US futures also keep little changed, with all eyes on the US CPI data later today. As such, expect European trading to be more pensive and cautious until we get to the main event in US trading later.
U.S. inflation is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management. Wall Street is gearing up for key inflation data later Tuesday, when the Labor Department releases its January consumer price index. It is a widely followed inflation gauge that measures the cost
In this article PLTR Follow your favorite stocksCREATE FREE ACCOUNT A banner featuring the logo of Palantir Technologies (PLTR) is seen at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Shares of Palantir popped as
The launch of Bitcoin nonfungible tokens (NFTs) — known as Ordinals — has tipped the number of non-zero Bitcoin addresses to a new all-time high of 44 million, according to crypto analytics platform Glassnode. In a Feb. 13 report from Glassnode, the firm explained that for the first time in Bitcoin’s 14-year history, a portion
New York, Oil prices eked out modest gains as market participants weighed Russia’s plan to cut its oil production. The West Texas Intermediate (WTI) for March delivery rose 42 cents, or 0.53 per cent, to settle at $80.14 a barrel on the New York Mercantile Exchange. Brent crude for April delivery added 22 cents, or
Selloff in Yen continues today even though 10-year JGB yield closed above BoJ’s 0.5% cap. Traders are probably positioning for a not-that-hawkish BoJ governor nomination by the government tomorrow. Dollar also softens as major European indexes rise, together with US futures. Sterling firms up ahead of a string of economic data this week, including employment
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