Share: The Canadian Dollar recovered some ground after GDP surprised to the upside. Canada saw 0.2% GDP growth in November, which beat consensus. Fed rate call and press conference due in the latter half of the US trading session. The Canadian Dollar (CAD) edged higher on Wednesday after Canadian Gross Domestic Product (GDP) figures beat
Month: January 2024
The EURUSD raced higher in the US morning session but after breaking through the 200 day MA and moving up toward the 100 bar MA on the 4-hour chart, momentum faded and the price rolled over. THe price has since moved back down toward the 200 day AM at 1.0840. That MA will be the
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
Oil prices fell on Wednesday, pressured by lacklustre economic activity in leading crude importer China, but a first monthly gain since September remained in sight as flaring tensions in the Middle East heightened supply concerns. Brent crude futures for March, which expire today, fell 90 cents, or about 1.1%, to $81.97 a barrel by 1530
Dollar weakens slightly in early US session, as dragged down by disappointing ADP private sector job data. Despite this, the downturn is contained, as market participants remain cautious ahead of FOMC rate decision later in the day. While no changes in interest rates are anticipated, considerable attention is centered on Fed Chair Jerome Powell’s commentary.
Private payroll growth declined sharply in January, a possible sign that the U.S. labor market is heading for a slowdown this year, ADP reported Wednesday. Companies added 107,000 workers in the first month of 2024, off from the downwardly revised 158,000 in December and below the Dow Jones estimate for 150,000, according to the payrolls
Company logo of pharmaceutical company GlaxoSmithKline is seen at their Stevenage facility, Britain October 26, 2020. Dado Ruvic | Reuters GlaxoSmithKline on Wednesday lifted its long-term outlook following the smash-hit launch of its new RSV vaccine. The shot targeting the severe and in some cases life-threatening virus booked around £1.2 billion, or $1.5 billion, in
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The price of WTI crude oil futures is settling up $1.04 or 1.35% at $77.82. The high for the day reached $78.11. The low extended to $75.88. Lower growth in Europe pressured the price early in the session. US production is also a negative for the price. However, momentum could not he sustained, the recover
The dollar is keeping steadier so far this week, even with falling Treasury yields at play. 10-year yields are now down to 4.015%, looking set for a third straight daily decline. It has even fallen back below the 200-day moving average of 4.089%, yet the dollar remains unfazed. It seems like traders are more inclined
Gold continued to trade in a tight range on Wednesday ahead of the Federal Open Market Committee (FOMC) meeting outcome scheduled later today. The bias was negative amid gains in the dollar index (DXY). Taking cues from the price movement in the international markets, April MCX gold futures were trading at Rs 62,425 per 10
Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty Images The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy and fiscal support measures in China. It now sees global growth in 2024 at 3.1%,
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images Boeing on Wednesday is set to report fourth-quarter results and answer to investors eager to hear how a midair blowout on one of the plane maker’s
Share: Australian Dollar depreciates for the second straight session on weaker inflation data from Australia. Australia’s Monthly CPI reported 3.4% in December, down from November’s 4.3%. Traders expect two rate cuts from the Reserve Bank of Australia in 2024. Chinese Non-Manufacturing and Manufacturing PMI improved to 50.7 and 49.2, respectively, in January. Fed is expected
The broader US stock indices are getting it ahead of the earnings after the close including Microsoft and Alphabet. The NASDAQ index is leading the way with the decline of -124 points or -0.80% at 15504.51. The S&P index is now down -11 points or -0.22% at 4917.03. The Dow Industrial Average remains higher by
After the close, both Microsoft and Alphabet will announce their latest results. What are analysts expecting? Adjusted Earnings Per Share (EPS): Expected $2.77, up from $2.32 in the same quarter last year. That is an increase of 19.39% Revenue: Expected $61.14 billion, up from $52.7 billion in the same quarter last year. That is an
Gold prices climbed to a two-week high on Tuesday, supported by a softer dollar and lower Treasury yields while focus turned to the Federal Reserve‘s policy meeting for insight into how soon it will cut interest rates this year. Spot gold was up 0.8% at $2,047.96 per ounce by 09:25 a.m.(1425 GMT), after hitting its
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