Share: The Japanese Yen surged to a four-month top against the USD after BoJ Governor Ueda’s comments on Thursday. Rebounding US bond yields push the USD higher and assist USD/JPY to find support near the mid-142.00s on Friday. The divergent BoJ-Fed policy expectations keep a lid on any further recovery ahead of the crucial US
Month: December 2023
Last Quarter Performance: Broadcom reported revenues of $8.88 billion last quarter, a 0.6% decrease year-on-year, aligning with analyst expectations. Current Quarter Expectations: Analysts anticipate a 4.1% year-on-year revenue growth for Broadcom, estimating revenues to be around $9.28 billion. This growth rate is slower compared to the 15.7% year-over-year increase in the same quarter last year.
The US non-farm payrolls data is due at 8.30 am US Eastern time on Friday, 8 December 2023. The ranges for the key data points are: Headline number 100K to 275K Unemployment rate 3.8% to 4.0% Average earnings m/m 0.2% to 0.4% (for the y/y 3.9 to 4.2%) And, while I’m here, for the Michigan
Gold prices were set to mark their first weekly fall in four after the dollar firmed, but traded steadily on Friday as investors stayed cautious ahead of key jobs print due later in the day to gauge the potential for U.S. rate cuts by March. FUNDAMENTALS * Spot gold edged up 0.2% to $2,032.36 per
Yen and Dollar strengthened notably in Asian session today, amid a backdrop of risk aversion that’s reflected in the continued downturn in Hong Kong’s stock market and softness in Japan. A key factor impacting market sentiment is the unexpected slump in China’s imports, including the decline in crude oil imports – the first such annual
Amazon workers deliver packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images At a time when the economy is supposed to be slowing, Friday’s jobs report is expected to show that employers actually picked up the hiring pace in November. Not that there’s anything
When industry insiders talk about a future where quantum computers are capable of solving problems that classical, binary computers can’t, they’re referring to something called “quantum advantage.” In order to achieve this advantage, quantum computers need to be stable enough to scale in size and capability. By-and-large, quantum computing experts believe the largest impediment to
Share: Natural Gas faces downside as demand remains subdued while supply builds bigger by the day. Natural Gas prices could sinks to $2. The US Dollar snaps its three-day-winning streak after BoJ surprise comments. Natural Gas (XNG/USD) is facing more downturn as the economic balance is shifting towards a supply surplus. All pipes are open and
The AUDUSD moved lower in the Asian session and in the process moved down to test a swing area near 0.65229. That support area extends back to early November and again around November 22. The price on November 22 based against that level and ultimately moved up to the high price reached on Monday. This
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices fell on Thursday, dragged by an uptick in the dollar index which has managed to claw back to levels above 104 after falling to nearly 11-week lows. It is now trading at two-week highs. MCX February gold futures were trading at Rs 62,413 at the opening time, down Rs 27 or 0.04%, tracking
Yen is trading as the runaway leader in today’s market, dominating traders’ focus. This rally was initially triggered by comments from BoJ Governor Kazuo Ueda regarding the central bank’s potential strategies upon exiting negative interest rates. Buying momentum for then intensified further following Ueda’s meeting with Japanese Prime Minister Fumio Kishida to discuss his monetary
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to be bolstered by further fiscal stimulus, according to HSBC‘s
Share: Indian Rupee loses traction on the renewed US Dollar buying. The markets anticipate the Reserve Bank of India (RBI) to maintain the status quo on the repo rate, leaving it unchanged at 6.5%. Investors await the US weekly Jobless Claims on Thursday ahead of the RBI rate decision and US Nonfarm Payrolls. Indian Rupee
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices rose on Thursday, as signs of a cooling U.S. labour market supported bets of an interest rate cut early next year, while traders also awaited key jobs print due later in the day that could offer clues on the Federal Reserve’s trajectory. FUNDAMENTALS * Spot gold was up 0.1% at $2,027.12 per ounce
Global market sentiment shows signs of stabilization in Asia today, marked by gains in major indices like Nikkei Hong Kong’s HSI. This shift indicates that the markets have largely absorbed the impact of Moody’s downgrade of China’s rating outlook, redirecting attention towards economic data and central bank policies. The spotlight is now on BoC’s interest
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