Australian Dollar surges after RBA surprised the markets by resuming rate hike today. In addition, tightening bias is maintained even though the tone is softened. New Zealand and Canadian Dollars trail closely, boosted by a slightly positive risk sentiment. On the other hand, Japanese Yen continues to be the runaway loser in the market. Dollar
Month: May 2023
GBPJPY failed on the break to new highs going to 2016 The GBPJPY has moved lower today, after the high today took out the high from October 2022, and traded to the highest level since 2016, but quickly failed. The high from 2022 reached 172.118. The high from today reached 172.314. However, momentum stalled and
Liquidity and trader interest is thinner than normal here today: New Zealand, Australia, Singapore and Hong Kong are all open as usual. NZD/USD is a mover, a combination of beats on jobs data and assurances of financial stability from the Reserve Bank of New Zealand has bolstered the case for another RBNZ rate hike at
An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, April 7, 2023. Elizabeth Frantz | Reuters Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. jobs market is loosening up and possibly putting less pressure
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor is set to report its first-quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per
Share: USD/CAD has turned sideways after a perpendicular rally inspired by weaker oil prices. The USD Index has dropped sharply to near 101.75 as investors are anticipating neutral guidance from the Fed. USD/CAD is approaching the critical supply zone plotted in a range of 1.3648-1.3667. The USD/CAD pair is displaying a sideways performance around 1.3620
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Gold price declined Rs 225 to Rs 60,075 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,300 per 10 grams. Silver also went lower by Rs 380 to Rs 75,600 per
Forex traders are probably starting to put up guards ahead of the key events in FOMC rate tomorrow, ECB on Thursday, and NFP on Friday. Australian Dollar remains the top performer today, bolstered by RBA’s unexpected rate hike. However, there is no follow through buying after the initial spike. Meanwhile, Yen is attempting a recovery,
Share: JOLTS Job Openings in the US continued to decline in March. US Dollar Index holds above 102.00 in the American session. The data published by the US Bureau of Labor Statistics (BLS) revealed on Tuesday that the number of job openings on the last business day of March stood at 9.59 million, compared to 9.97 million
GBPUSD below 50% and 200 hour moving average. Close risk. The GBPUSD has maintained its downward trajectory today, following yesterday’s significant drop from a new 2023 high of 1.25833 on Friday. Yesterday’s decline brought the pair down to its 100-hour moving average (blue line), where buyers halted the fall. The low reached 1.24797 before consolidation.
Major indices are experiencing a decline today, with all three showing a decrease in value. The Dow Jones Industrial Average (DJI) dropped by 131.42 points, a 0.39% decrease at 33,920.29. The S&P 500 (SPX) also fell by 16.14 points, representing a 0.39% declineat 4,151.74. Lastly, the Nasdaq Composite (IXIC) decreased by 40.65 points or 0.33%
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Shares of Uber popped 9% in premarket trading Tuesday after the company reported first-quarter results that beat analysts’ expectations for revenue.
International Business Machines Corp. (IBM) is expecting to put a “pause” on hiring for “back-office” roles that could be potentially automated by artificial intelligence (AI) instead. IBM CEO Arvind Krishna explained in a May 1 interview with Bloomberg that many “back-office” positions such as those in the human resources and accounting departments will likely be
Gold prices held steady on Tuesday as market participants awaited fresh cues from top central banks on their monetary policy plans, especially from the U.S. Federal Reserve. FUNDAMENTALSSpot gold was unchanged at $1,982.58 per ounce by 0012 GMT. U.S. gold futures fell 0.1% to $1,990.80. The Federal Reserve, which meets on May 2-3, is widely
Share: Silver price stays defensive after reversing from three-week high. Repeated pullbacks from 10-DMA, bearish MACD signals keep XAG/USD sellers hopeful. Three-week-long bearish channel restricts immediate Silver price moves ahead of previous resistance line from January. Silver (XAG/USD) price seesaws around $25.00 as markets portray traders’ anxiety ahead of the key data/events on early Tuesday,