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
Month: January 2024
Gold prices edged higher on Thursday, supported by a softer dollar ahead of a consumer inflation report due later in the day that could shed some light on the U.S. Federal Reserve’s interest rate trajectory. FUNDAMENTALS * Spot gold was up 0.2% at $2,028.19 per ounce, as of 0135 GMT. U.S. gold futures rose 0.3%
The financial markets’ initial reactions to stronger than expected US CPI readings are relatively subdued. While there was an immediate response with Dollar and yields rising, and stock futures dipping, these movements lacked significant follow-through. The exception in the currency markets was USD/JPY, which broke through last week’s high. However, this move is attributed to
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department reported Thursday. For the period from October 2023 through December 2023, the budget
Share: The US and UK forces carried out attacks against multiple Houthi targets in Houthi-controlled regions of Yemen on Thursday, according to CNN. The strikes are a significant reaction after the Biden administration and its allies warned the Houthi that the consequences of repeated drone and missile attacks on commercial ships in the Red Sea
The price of crude oil futures is settling at $71.37. That is day $0.87 or -1.20%. The low price for the day reached $71.01. The high price was at $73.59. The weekly EIA inventory data showed larger-than-expected builds in crude, gasoline, and distillates. That helped to push the price lower and in doing so, the
Headlines: Markets: NZD leads, USD lags on the day European equities a little higher; S&P 500 futures up 0.1% US 10-year yields down 3.6 bps to 3.994% Gold up 0.5% to $2,033.21 WTI crude up 2.0% to $72.81 Bitcoin up 2.6% to $47,198 It was a rather sluggish session overall as markets are waiting on
Gold traded in a tight range in yet another session on Thursday though the bias was positive following a fall in the dollar index (DXY) ahead of the US inflation print due later today. Taking cues from the international market, MCX February gold futures were trading in the green, around Rs 62,100 per 10 grams,
Dollar saw notable decline against most major currencies, maintaining its softer tone in the Asian trading session today, with the exception of its performance against Yen. This selloff amidst a backdrop of improving risk sentiment, reflected by the uptick in major US stock indexes. Investors’ attention is now squarely focused on the forthcoming release of
Vanishing Turkish Currency: 1 Turkish Lira with the Portrait of Kemal AtatürkTurkish Manuel Augusto Moreno | Moment | Getty Images The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback just before noon local time. It marks the first time that the lira has broken
Share: USD edges marginally lower ahead of the December Consumer Price Index (CPI) report. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes how US inflation data could impact the Dollar. Markets are looking for soft inflation data Price action suggests that markets are looking for soft inflation data – a decent bet as recent US inflation
Forex market sessions have a huge impact on price movement. This is how you can use them with a bias while trading. Enjoy! If you learned something new, leave a like! 🔥 My private Indicator: https://tradinglab.ai/ 💵 HankoTrade (Where I Trade Forex): https://login.hankotrade.com/register?franchiseLead=MjQxNg== 🚀 Webull: https://a.webull.com/i/TradingLab 💬 My Trading Discord: https://discord.gg/3hvhGtt2Rg ⚡ Bybit (Where I
The comments from NY Fed President were a bit more hawkish: Federal Reserve’s Monetary Policy Stance: Stresses the need for a restrictive policy stance for some time. Suggests the Fed can cut rates when confident that inflation is moving back to 2%. Reiterates that the Fed’s work to bring inflation back to 2% is 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
New Delhi: The central government has filed a caveat in the High Courts of Bombay and Karnataka, seeking to be heard before the courts pass any stay order on the restrictions imposed on usage of sugar for ethanol production, an official told ET. Several sugar firms have approached various courts seeking a stay on the
Japanese Yen continues its decline in today’s subdued trading environment. This selloff gained momentum following the release of disappointing wages growth data, which has tempered expectations for an imminent monetary policy adjustment by BoJ in January. Despite this, April is still considered a more probable time for interest rate hike, heavily dependent on the outcomes
Consumers shop at a retail chain store in Rosemead, California, on Dec. 12, 2023. Frederic J. Brown | AFP | Getty Images Economists expect that inflation nudged higher in December, a trend that could call into question the market’s eager anticipation that the Federal Reserve will slash interest rates this year. The consumer price index,
Share: Australia’s trade surplus widened to 11,437M MoM in December versus 7,500M expected and 7,129M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s December Goods/Services Exports reprint 1.7% figures on a monthly basis versus 0.4% prior. The
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