Gold was perched atop a three-week high on Wednesday as traders positioned for more U.S. economic readings that could further alter the odds of another interest rate hike by the Federal Reserve. Spot gold rose 0.1% to $1,939.23 per ounce by 1152 GMT, its highest level since Aug. 7. U.S. gold futures also rose 0.1%
Month: August 2023
The AUDUSD price moved lower in the Asian-Pacific session after lower-than-expected in Australia. However, momentum could not be sustained and the USD selling on the back of weaker ADP and GDP helped to push the price above the high from last week and the high from yesterday near 0.6487. That level will now be a
The FX market appears to be teeing up a repeat of yesterday’s price action as soft economic data led to US dollar selling and a bid in bonds. This time it doesn’t appear to be accompanied by bids in equities, but it’s early. The dollar is at the lows of the day right across the
Dollar’s attempted rally quickly reversed overnight, following disappointing consumer confidence data. Interestingly, equities gained on what some market participants are calling a “bad news is good news” factor. The logic here is that Fed is now less likely to raise interest rates again this year, thereby giving stocks a lift, as Treasury yields also took
A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Images Job creation in the United States slowed more than expected in August, according to ADP, a sign that the surprisingly resilient U.S. economy might be starting to ease
Lego Star Wars toys sit on display inside a Toys R Us store in Paramus, New Jersey, Nov. 26, 2019. Bloomberg | Getty Images While other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick. The privately held Danish toymaker saw revenue rise 1% during the first six
Share: GBP/USD retreats on US Dollar recovery, trades near 1.2630 GBP/USD trades lower around 1.2630 on the back of a recovery in the US Dollar (USD), which could be attributed to the improvement in US Treasury yields snapping a two-day losing streak. The US Dollar Index (DXY), which measures the performance of the Greenback against
Oil prices were little changed on Tuesday as investors weighed supply concerns from a hurricane hurtling towards the U.S. Gulf Coast against the enduring possibility of demand being dented by another increase to U.S. interest rates. Brent crude edged up by 3 cents to $84.45 a barrel by 1332 GMT while U.S. West Texas Intermediate
US yields are moving to new lows. The snapshot shows: 2 year yield 4.81%, -12.8 basis points 5 year yield 4.264% -12.6 basis points 10 year yield 4.111% -10.0 basis points 30 year yield 4.229%, -6.0 basis points The US yields moving lower, is giving support to US stocks. Looking at them, the major indices
Chinese refining giant Sinopec Corp says its planning to maintain steady refinery output during the second half of 2023. The firm is expecting domestic fuel demand to further recover. plans 127 million metric tons of crude throughput, about 5.04 million barrels per day, between July and December, versus 126.54 million tons during the first six
In a relatively uneventful trading day, the notable standout is the rally in the USD/JPY currency pair, which has now reached its highest level this year. The bullish momentum for Dollar against Yen raises questions about whether traders are positioning themselves ahead of crucial employment and inflation data set to be released from the US
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022. Jim Vondruska | Reuters Best Buy on Tuesday surpassed Wall Street’s quarterly sales expectations, but tempered its outlook for the rest of the year
Leaders of traditional companies across industries may be hearing a lot about the unique versatility and security of blockchain technology and wondering what role it could play in their own businesses. With many pundits proclaiming Web3 and decentraIization to be the future of business and financial transactions, there is likely a sense of urgency behind
Share: Mexico’s Q2 GDP growth comes in below expectations at 0.8% QoQ, pushing USD/MXN higher as Banxico holds rates steady at 11.25%. US Job Openings declined to 8.827M, well below estimates, causing odds for a September rate hike to drop from 78% to 86.5%, according to the CME FedWatch Tool. Despite mixed US economic data,
In this video, I explain where to make your entries. I explain 3 signs and confirmations that you can use to decide weather you will be entering the market for a buy or sell. The more confirmations we create, the more likely we will be to make a profit! Link to all mentioned material: https://withkoji.com/@J_Honest
Welcome to the ultimate guide to forex trading basics in our video: “Forex Trading for Beginners: The Ultimate Guide to Forex Trading Basics”! 📊📈 Are you ready to demystify the world of forex trading? Whether you’re an absolute beginner or you’ve dabbled a bit but want to solidify your understanding, this comprehensive guide is tailored
Finally a 15 Minute scalping strategy that works! This video highlights one of the best 15 Minute scalping strategies that can be used in day trading. Whether you are trading forex, crypto or indices, this Scalping strategy will work incredibly well. This 15 minute Scalping Strategy also works on any time frame and can turn
Gold prices climbed Rs 250 to Rs 59,800 per 10 grams in the national capital on Tuesday amid a rally in precious metal prices internationally, according to HDFC Securities. The yellow metal had closed at Rs 59,550 per 10 grams in the previous trade. Silver also jumped Rs 600 to Rs 77,100 per kg. Gold
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 27
- Next Page »