The NZDUSD moved sharply lower on the USD buying after the better than expected jobs data. In doing so, the price of the pair has moved below it 200 day moving average or 0.6087, and the 50% midpoint of the move up from the October low the December high. That level comes in at 0.60716.
Month: February 2024
It sucks to be Amazon and have to take a backseat when your stock soars by 7.67% on the day. However, it was Meta and Mark Zuckerberg’s day to roar, and roar they did. Share’s of Meta moved up $80.21 or 20.32% after beating expectations, announcing a first ever dividend, and announcing a $50B buyback
Oil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy unchanged, clawing back some losses from the previous trading session triggered by unsubstantiated ceasefire reports between Israel and Hamas. Brent crude futures rose 50 cents, or 0.6%, to $79.20 a barrel at 0155 GMT, while U.S.
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Evelyn Hockstein | Reuters Meta will report fourth-quarter earnings after the bell on Thursday. Here’s what analysts surveyed by LSEG,
Share: The NZD/USD showed a strong downward swing, falling near the 0.6060 level. US Nonfarm Payrolls added 353K jobs in January surpassing by a wide margin the expectations. The bets of a rate cut in March sharply declined and markets pushed the start of the easing to May. In Friday’s trading session, the NZD/USD took
The price of crude oil isn’t selling at $72.28. That’s down $-1.54 or -2.09%. The low for the day was at $71.79. The high for the day was at $74.52. The price decline comes despite the stronger-than-expected US jobs report and other reports that Biden has decided on a counterattack plan in retaliation for the
The banking worries in the US this week were triggered by: New York Community Bancorp cutting its dividend on higher capital rules and commercial strain A Japanese bank reporting unexpected losses on US commercial real estate Deutsche Bank highlighting losses on US commercial real estate Despite all the economic data this week, it was those
Despite gold prices reaching new highs in 2023, silver – which is often called the sister metal of gold ended flat in the international markets. It started well in the first quarter, but multiple catalysts affected its fundamental outlook and suppressed prices in a tight range throughout the previous year. But in the domestic market,
This past week in the financial markets has been nothing short of a rollercoaster, with Dollar clinching the title of the strongest currency amidst considerable volatility. The narrative that dominated was the dissipating likelihood of a March rate cut by Fed. But at the same time, investor sentiment took an unexpectedly optimistic turn, propelling stock
In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT A Chevron gas station sign is shown on October 23, 2023 in Austin, Texas. Brandon Bell | Getty Images Chevron said its fourth-quarter profits fell sharply from a year ago, weighed down by a number of impairment charges, but the second largest U.S. oil company
Share: The DXY rose by more than 0.80% to 103.90 on Friday US Nonfarm Payrolls came in higher than expected for January. US bond yields are sharply increasing as markets push to May the start of the easing cycle. The US Dollar (USD) rose to 103.90 on Friday’s Dollar Index (DXY) chart, mainly fueled by
3 Best Pullback Strategy Today in this advanced episode we are diving into various pullback types, trading strategies, and price actions associated with pullbacks that you might encounter in the market. But that’s not all– we’ll break down the key criteria and rules that elevate a pullback to a high-probability trade. Let’s Get connected: https://linktr.ee/smart_risk
For those who have seen my daily posts/videos on the GBPUSD (any of them), the pair has been trading in an up-and-down trading range going back to December 14. That range is between 1.2600 and 1.2800. Today, the price moved sharply lower after the stronger US jobs report, and the price move to a lower
The week ended with a bang as the US jobs data came much stronger than expectations. Non-farm payroll rose by 353K much higher than the 180K estimate (and the ADP rise of 107K released earlier this week). T Unemployment rate came in at 3.7% versus 3.8% expected Average yearly earnings rose by 0.6% versus 0.3%
The value of Edelweiss Mutual Fund’s Gold and Silver Exchange Traded Fund (ETF) Fund of Fund (FoF) unexpectedly plunged 6.93% on Thursday. The fund house said the drop in the Net Asset Value (NAV) of scheme, which invests 50% of its corpus each in Gold and Silver ETFs, following an erroneous trade in the Gold
In a week crowded with high-profile events like FOMC rate decision overnight and the upcoming BoE meeting today, Japanese Yen is surprisingly stealing the show as the star performer in the currency markets. This rally in Yen’s can be attributed to the significant drop in global benchmark treasury yields, driven by renewed flight to safety
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held