Yen is stealing the show in the week of heavy weight events, powering up broadly with help of broad based decline in US and European treasury yields. Swiss Franc is following together with Euro while Dollar is just mixed. On the other hand, Sterling is the worst perform despite BoE rate hike, followed by Aussie
Month: February 2023
The Dollar has essentially erased all the post-FOMC losses. But today’s Nonfarm Payrolls release in the US brings mostly downside risks for the Dollar, in the view of economists at ING. Downside risks from data today “With volatility abating after the key Fed and ECB announcements and some of those defensive trades being unwound, today’s
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This video will discuss This Ai Forex Trading Strategy Will Make you RICH!? (Chat GPT). AI is exploding right now and there’s a lot of money to be made. You’ve probably seen countless videos on YouTube already telling you that. This is the next wave and they’re not wrong the last time. I saw people
USDCAD stalls at the 200 hour MA and rotates lower The USDCAD moved higher in early North American trading today, and in the process the price moved up to test it’s 200 hour moving average . The 200 hour moving average (green line in the chart above) comes in a 1.33477. The high price reached
China Caixin / S&P Global Services PMI for January, comes in at 52.9, its first expansion in five months expected 51.6, prior 48.0 Composite 51.1 prior 48.3 From the commentary accompanying the data, in summary Both services supply and demand moved into expansion. The gauges for business activity and total new business both came in
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple missed expectations for revenue, profit, and sales for many of its lines of business on Thursday, sending the stock lower in extended trading. Apple’s overall sales for the holiday quarter were about 5% lower than last year’s, the first year-over-year sales decline since 2019.
Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens (NFT) series. The trademarks include digital collectibles in the
Gold price rallied Rs 770 to a record high of Rs 58,680 per 10 grams in the national capital on Thursday amid a jump in precious metal prices internationally, according to Securities. In the previous trade, the yellow metal had settled at Rs 57,910 per 10 grams. Silver also zoomed Rs 1,491 to Rs 71,666
Euro retreats notably even after ECB hikes 50bps and expresses the intention to do the same in March. Sterling is also trading lower after BoE hikes by 50bps as expected. Yen is currently the stronger one with help from extended fall in US and European benchmark treasury yields. Dollar, on the other hand, has turned
GBP/USD is expected to continue its downside journey to near 1.2200 as focus shifts to US NFP data. To tame double-digit inflation, the BOE pushed interest rates by 50 bps to 4%. Investors will keep an eye on US Average Hourly Earnings data for further guidance. The GBP/USD pair has shown a vertical sell-off to
The major US stock indices are opening with gains as markets digest central-bank rate hikes. The NASDAQ index leads the way once again. The last two trading days have seen a rise of 1.67% on Tuesday and 2.0% yesterday. At the open, the NASDAQ index is up another 1.98% %. The gains are being helped
As the Lagarde press conference continues, the major US stock indices are continuing their run to the upside. The premarket levels are implying: Dow Industrial Average up 45 points S&P index up 40 points NASDAQ index up 250 points. Yesterday the NASDAQ index surged by 231.77 points or 2.0%. In the US debt market, yields
In this article RACE RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday reported full-year profits up 13% year over year and guided to an even stronger
Gold prices moved higher on Thursday to touch an all-time high after the Federal Reserve raised interest rates by an expected 25 basis points and Fed Chair Jerome Powell’s comments were read as dovish by the market. On Thursday, gold prices rose 1.33% or Rs 775 to trade at Rs 58,660 on . Analysts also
Dollar weakened broadly overnight, more on risk-on sentiment than FOMC rate decision. Yet, selloff was not particularly fierce except versus Euro and Swiss Franc. In particular, Sterling is clearly lagging behind. Judging from the upside breakout in EUR/GBP, traders are probably guarding against the possibility of a dovish twist in BoE today. As for the
EUR/USD registered impressive gains and climbed above 1.1000 for the first time since early April. Economists at ING ntoe that there is a clear path toward the 1.12 level. The EUR/USD story is positive “A sharp narrowing in rate differentials stands to become a bigger driver of EUR/USD this year and should carry it to