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Month: February 2024
Right now the market only cares about the most-recent economic data release and that means tomorrow’s full slate of data could re-write the script a few times. The highlight will be the January US retail sales report. There’s always a hangover from holiday spending but the numbers are seasonally adjusted for that. Eyes will be
Gold languished near a two-month low on Wednesday, trading below the key $2,000 per-ounce level, after a stronger-than-expected U.S. inflation report dampened expectations for more than three quarter-point rate cuts from the Federal Reserve. FUNDAMENTALS * Spot gold was down 0.1% at $1,991.09 per ounce (Oz), as of 0146 GMT, after hitting its lowest since
Sterling is taking a modest step back today, responding to UK’s latest inflation report that came in below market expectations. Despite this, the actual figures for both headline and core CPI merely held their ground compared to the previous month’s readings, signaling continued pause in disinflationary progress. Additionally, the report highlighted a slight uptick in
In this article 6758.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Sony cut its sales forecast for its flagship PlayStation 5 console on Wednesday, after warning of weaker transactions in its key gaming division. The Japanese gaming giant said it now expects to sell 21 million units of the PS5 in the fiscal year ending March,
Share: Watch the video extracted from the WLGC session before the market open on 13 Feb 2024 below to find out the following: The key support level for the Nasdaq 100 The directional bias for the long-term, swing and immediate term. The red flags you need to be aware of in this current market. and a lot more…
Traders in the EURUSD are seeing another break. This one is below a swing level near 1.0723. The price today has also moved from the 50% of the move up from the September 2023 low at 1.09936, to – and through – the 61.8% at 1.0712. The price is now testing the 1.0700 level. The
EUR/USD daily chart There was a bit of a question mark even with the break of the December low of 1.0723 yesterday. Price action still traded more sideways around 1.0700-20 mostly but are we finally seeing a crack to the downside? The pair is down just slightly to fresh lows of 1.0695 as European traders
Gold prices extended their decline to Wednesday on the uptick in the dollar index (DXY) following a higher-than-expected US inflation numbers which have further dashed hopes of an imminent rate cut by the Federal Reserve. Bullion traded in the red in the opening trade today with MCX April gold futures at Rs 61,422 per 10
Dollar maintains its position as the week’s top performer so far, following notable upside breakouts, while Asian markets remain relatively quiet. Without major economic releases from US today, the greenback could have a breather first. However, attention is set to return later in the week with the release of retail sales and the University of
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Brian Chesky, co-founder and chief executive officer of Airbnb Inc., at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Tuesday, Dec. 12, 2023. Dustin Chambers | Bloomberg | Getty Images Airbnb reported better-than-expected revenue for the fourth quarter on Tuesday and issued
Pro-EU demonstrators protest outside Parliament against Brexit on the fourth anniversary of Britain’s official departure from the European Union in London, United Kingdom on January 31, 2024. Future Publishing | Getty Images LONDON — Post-Brexit Britain has “significantly underperformed” other advanced economies since the 2016 EU referendum, according to new analysis from Goldman Sachs, which
Share: As US inflation continued to run hot in January, investors now started to price in a probable interest rate cut by the Federal Reserve in June, while the Greenback navigates yearly highs and US yields trade in multi-week tops across the curve. Here is what you need to know on Wednesday, February 14: The
WTI crude oil futures are settling at $77.87. That’s up $0.95 or 1.24%.The high price today reached $78.47. The low price was at the $76.87. Crude oil is back between the 200 and 100 day MAs now Looking at the daily chart of crude oil, at session highs, the price did extend above its 100-day
The euro’s sharp fall to 1.0705 today is all about the US dollar side of the equation but the domestic reasons for selling Europe continue to mount. A big one is the erosion of the German industrial economy. The combination of high energy prices and the rise of Chinese autos is a massive challenge and
Vienna, Feb 13, 2024 -The OPEC oil cartel said Tuesday it expects robust economic activity in China and air travel to drive strong global demand growth for oil this year. Its outlook contrasts that of the International Energy Agency (IEA), which advises oil-consuming nations, which last month predicted that oil demand growth would halve on
Dollar rises significantly in early US session supported by the latest consumer inflation data, which also triggers a marked in DOW futures, dropping by over -300 points. Concurrently, 10-year Treasury yield is soaring near 4.3% mark. Most critically, the inflation data revealed that core CPI remained unchanged at 3.9% in January. This stagnation in core
In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT A monopoly game sits under the Hasbro logo during Brand Licensing Europe at ExCeL in London, England, on Nov. 18, 2021. John Keeble | Getty Images Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast
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