Share: Further decline could drag USD/CNH to the 7.1240 level in the short term, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: We expected USD to edge lower yesterday. However, we were of the view that “any decline is unlikely to break 7.1500.” We did not
Month: July 2023
Gold remained range-bound in Wednesday’s early trade ahead of the US Federal Reserve’s Federal Open Market Committee (FOMC) meeting later in the day. Dollar Index (DXY) was above the 101 mark against a basket of six top currencies. The August gold futures were trading with minor gains at Rs 59,203 per 10 grams on the
The Australian CPI data for the quarter will be released in the new trading day rotations of a move down to 1.0% from 1.4% last quarter. The year-on-year CPI level still remains comfortably above the inflation targets (at 5.4%). Technically, the price of the AUDUSD has rebounded today after testing its 200-day moving average both
Eamonn Sheridan Wednesday, 26/07/2023 | 03:10 GMT-0 26/07/2023 | 03:10 GMT-0 Australian Treasurer Chalmers speaking after the CPI data published earlier today: AUD – decline in inflation should be enough to keep the RBA on hold at their next meeting Chalmers: says there is a long way to go to beat inflation inflation is moving
Australian Dollar advances broadly today, buoyed by optimism surrounding news of stimulus from the Chinese government. This positive outlook has also lifted sentiment for Chinese Yuan and Copper. New Zealand Dollar has similarly benefited from this favorable sentiment, which is providing support to Sterling as well. Meanwhile, Dollar is slightly softening, alongside Yen and Swiss
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella appears at an event with senior officials and CEOs in the East Room of the White House in Washington on June 22, 2023. Chris Kleponis | CNP | Bloomberg | Getty Images Microsoft will report results for its fiscal fourth quarter
Share: Sterling moved out of consolidation in the later part of the New York morning and is finding demand at a daily support area on the charts. However, at 1.1900, the pair is remaining precariously close to recent trend lows ahead of Wednesday’s expected Fed 25bp hike. Read More… The Pound Sterling (GBP) struggles to
Gold prices struggled for direction in early Asian trading on Tuesday as traders braced for a widely anticipated rate hike along with monetary policy clues from the U.S. Federal Reserve over the next two days. FUNDAMENTALS * Spot gold rose 0.2% to $1,958.20 per ounce by 0119 GMT, while U.S. gold futures fell 0.1% to
Goldman Sachs has reduced its 2023 growth forecast for the euro zone due to weaker economic activity data. Economists, under the leadership of Sven Jari Stehn, now anticipate a growth rate of 0.4% for the region in 2023. That is down from 0.7% previously. The EURUSD moved into the next downside swing area between 1.1010
High yield 4.17% WI level at the time of the auction 4.166% Tail 0.4 basis points vs a six-month average of -0.7 basis points Bid to cover 2.60X versus six-month average of 2.54X Directs 22.13% versus six-month average of 17.9%. Indirects 64.38% versus six-month average of 70.7%. Dealers 13.49% versus six-month average of 11.4%. Auction
Euro falls broadly today following release of weaker than expected German Ifo business climate data, although losses remain somewhat contained for the moment. It appears traders are holding their bets in anticipation of the upcoming FOMC and ECB rate decisions. Further, with July drawing to a close and the markets in a characteristic summer lull,
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO, Alphabet Inc., during the Google I/O developers conference in Mountain View, California, May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet will report second-quarter earnings after the close of regular trading on Tuesday. Here’s what Wall Street is expecting:
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This is a daily forex forecast video in which I have discussed different finanacial instruments including gbpusd eurusd usdjpy usdcad nzdusd goldusd and some other pairs. I am a Technical forex trader and I use technical analysis tools to find the next possible move on any of the financial instrument I run the analysis. Technical
Since 2022, there have been at least 50 digital asset bills reportedly introduced to Congress, aiming to govern everything from stablecoins to the jurisdictions of United States regulators. However, at least four of them are seen as potentially having a major impact on the industry (if passed) — given the attention from lawmakers and the
Share: Silver price gains traction and holds above $24.55 on Tuesday. XAG/USD holds below the 50- and 100-hour EMAs with a downward slope. Immediate resistance is seen at the $24.60-$24.65 zone; $24.30 acts as an initial support level. Silver Price (XAG/USD) recovers some lost ground and snaps three days of consecutive losses heading into the
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