Share: USD/JPY meets with some supply on Friday and snaps a three-day winning streak to the YTD top. Intervention fears benefit the JPY and exert pressure on the pair amid subdued USD price action. The divergent Fed-BoJ policy outlook should limit the downside ahead of the US PCE Price Index. The USD/JPY pair edges lower
Month: October 2023
A new Coinbase report on the state of crypto has revealed the disillusionment of younger generations (Gen Z and Millennials) with the traditional American dream and the financial system. It shows young Americans are more open than older generations to unconventional paths to financial independence, such as crypto, than older generations. According to the report,
Both the AUDUSD and NZDUSD have been trading similarly over the last two trading days. Yesterday, the AUDUSD led the way with a rise early in the Asian session after stronger-than-expected CPI data. Buyers then turn to sellers and pushed lower and lower into the close. The NZDUSD followed that lead. In trading today, the
The US treasury will auction off $38 billion of 7 your notes at the top of the hour. The summary of the major components and their 6 month averages are outlined below: Tail: bps (previous: 0.3bps, six-auction average: -0.2bps) Bid-to-Cover: x (previous: 2.47x, six-auction average: 2.73x) Dealers: % (previous: 14.6%, six-auction average: 12.0%) Directs: %
Oil prices fell by over 2% on Thursday after a rise in U.S. crude stockpiles signalled waning demand, and concerns about the economic outlook drove a broader sell-off in global equities. Brent crude futures declined by $2, or 2.2%, to $88.13 a barrel at 1238 GMT. U.S. West Texas Intermediate crude futures slid by $2.26,
Euro is trading as the worst performer for the today so far, but there is no extended selloff after ECB’s decision to hold interest rates unchanged. President Christine Lagarde’s press conference reiterated that current rates should be bring inflation down to target in a timely manner if maintained for sufficiently long time, which is data
The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global headwinds. Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace
In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2024 Ford F-150 Raptor Ford DETROIT — Ford Motor is set to report its third-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv. Adjusted earnings per share: 45 cents Automotive revenue:
Share: The USD/CHF is toying with 0.9000 as the Greenback gets bid into a third straight day of gains. Little of note for the Franc on the economic calendar until next Tuesday’s Swiss Retail Sales. US Durable Goods, GDP figures soundly trounce market expectations, though labor data sees more unemployed. The USD/CHF is trading directly into
The USDCHF is higher in the day,, near its high for the day and pushing against its 200-hour moving average (green line on the chart above). That moving average comes in at 0.8965. The current price is trading at 0.8962. The last 4 hourly bars have been banging against the moving average without much success
Intervention does not contradict policy of shifting money away from savings towards investment BOJ holds ETFs, JGBs as part of monetary policy It is up to the BOJ to decide whether to sell its ETF holdings This is more on the semantics of their policy actions, not so much about what is happening right now.
Gold prices edged up on Thursday as the Middle-East conflict kept investors worried, with bullion standing firm despite a stronger U.S. dollar and bonds yields. FUNDAMENTALS * Spot gold rose 0.3% to $1,985.89 per ounce by 0137 GMT. U.S. gold futures were up 0.1% to $1,996.30. * Israel kept up its strikes on Hamas targets
Australian Dollar made significant gains in Asian session today following unexpectedly robust inflation figures for Q3 and September. This has caused a flurry of revised predictions from economists who now anticipate a rate hike by RBA in its next meeting in November. While there’s speculation about a subsequent hike in December, such a back-to-back move
People shop along Broadway in Manhattan on July 27, 2023 in New York City. Spencer Platt | Getty Images The U.S. economy likely turned in another strong performance heading into the final part of the year, though what’s ahead could be significantly different. Gross domestic product, or the sum of all goods and services produced
In this article IBM Follow your favorite stocksCREATE FREE ACCOUNT Arvind Krishna, IBM’s chair and CEO, during an interview in New York on May 1, 2023. Christopher Goodney | Bloomberg | Getty Images IBM shares rose 2% in extended trading Wednesday after the technology conglomerate announced third-quarter results that exceeded Wall Street estimates. Here’s how
Share: USD/CAD attracts some buyers above 1.3800 amid the firmer USD. Bank of Canada (BoC) held interest rates steady on Wednesday. The speech of Israel’s Prime Minister exerts pressure on the riskier asset like Loonie. Traders will monitor the US Q3 GDP data due later on Thursday. The USD/CAD pair gains traction above the 1.3800
In the Web3 space, one of the key challenges for new projects and products is to get a motivated audience and for crypto-enthusiasts and investors — to find the most promising projects and get in earlier than others. This is where whitelists step in, addressing several critical aspects. A whitelist is a curated list of
NASDAQ index moves closer to key technical support The NASDAQ index continues its run to the downside and it currently trades down -1.77% at 12906. The index is working toward being one of the top 10 down days for the year. The biggest move lower was back on February 21 when the index fell -2.5%.
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