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: March 2024
Gold prices in the international and domestic markets suffered losses in the first two months of 2024. A strong US dollar, expectations of further delay in US Fed rate cuts, and a rally in global equities affected the sentiment surrounding the metal. The US Dollar has gained almost 3% since the start of January. Firm
Bud Light, made by Anheuser-Busch. Joe Raedle | Getty Images Hiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even U.S. sales of staple brand Bud Light were curbed by boycott action. The world’s biggest brewer on Thursday recorded annual revenue of $59.38 billion, up 7.8%, but shy of
Share: Another shutdown is looming in the US. What does all this mean for the Dollar? Economists at Commerzbank analyze Greenback’s outlook. Yet another shutdown in the US? This is not the first time that a shutdown is looming. There have also been longer actual shutdowns until an agreement was reached in Congress. In 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
Markets: Gold up $40 to $2083 US 10-year yields down 6.8 bps to 4.18% WTI crude oil up $1.51 to $79.78 S&P 500 up 0.8%, Nasdaq up 1.1% Bitcoin up 2.1% to $62,750 AUD leads, JPY lags Happy Friday. It certainly was for the market as a trio of soft second-tier US economic data releases
Oil prices rose on Friday and were set to end the week modestly higher as talks over a potential ceasefire in Gaza were further complicated by the deaths of more than 100 Palestinians waiting for an aid delivery. Brent futures for April delivery rose 29 cents, or 0.4%, to $82.20 a barrel by 0118 GMT,
Euro rises broadly today even though gains are so far limited. The common currency is lifted by stronger than anticipated Eurozone inflation figures, which suggests that the path to disinflation may be encountering obstacles. This development could providing ammunition to hawks within the ECB Governing Council, to advocate for a cautious approach towards rate cuts.
In this article DELL Follow your favorite stocksCREATE FREE ACCOUNT Matthew Busch | Bloomberg | Getty Images Shares of Dell Technologies popped more than 18% in extended trading Thursday after the company released fourth-quarter results that beat analysts’ estimates on top and bottom lines. Here’s how the company did: Earnings per share: $2.20 adjusted vs.
Share: The latest Monetary Policy Report from the Federal Reserve (Fed) highlights the US central bank’s stance on the current economic and inflation outlook, and what it will take for Fed policymakers to feel comfortable enough to begin cutting interest rates. Key highlights Inflation expectations are broadly consistent with 2% goal. Labor market remains tight,
USD The Fed left interest rates unchanged as expected at the last meeting and dropped the tightening bias in the statement. The US PCE came in line with expectations. The US Jobless Claims missed expectations although the data is still in the recent ranges. The latest US PMIs increased further from the prior month with
It’s been a choppy one for the bond market as 10-year yields in the US went up as high as 4.28% earlier only to fall back to 4.22% on the day now. The overall price action is still not really helping the bigger picture outlook, as outlined earlier here. But amid the drop in yields,
Gold prices firmed near month-high levels on Friday and were set for a second weekly rise after data showed that U.S. inflation was gradually easing, while traders turned their focus to remarks from a slew of Federal Reserve officials. FUNDAMENTALS * Spot gold was steady at $2,043.98 per ounce, as of 0150 GMT, after hitting
Yen reverses some of yesterday’s gains after cautious comments from BoJ Governor Kazuo Ueda, which highlighted that Japan is “not there yet” to reach the long-sought-after sustainable inflation rate of 2%. Ueda’s perspective starkly contrasted with the more hawkish tones of Board Member Hajime Takata, who has advocated for beginning discussions on exiting the ultra-loose
A salesman preparing a bag of sweets for a customer in the Sicilian confectionery shop Mazzone on February 02, 2024 in Catania, Italy. Fabrizio Villa | Getty Images News | Getty Images Inflation in the 20-nation euro zone eased to 2.6% in February, flash figures showed on Friday, but both the headline and core figures
Supply chain disruptions are causing a production backlog at the world’s largest truckmaker, Daimler Trucks. Bloomberg | Getty Images Shares of Daimler Truck hit a fresh all-time high Friday, spiking more than 13.5% in early deals, after posting record full-year profit and announcing a 2 billion euro ($2.16 billion) share buyback program. The German truck
Share: WTI Oil jumps to $78, trying to break higher. Oil traders are seeing bullish signals as US macroeconomic data points to a recovery and OPEC looks set to lengthen its production cuts. The US Dollar Index is back above 104.00, though it is unable to clearly break away from a pivotal level. Oil prices
NZDUSD keeps finding support at the 200 day MA The NZDUSD moved sharply lower yesterday after the Reserve Bank of New Zealand rate decision was unchanged with a more dovish bias. That was in contrast to the market assessment that the central bank would be more hawkish (and perhaps raise rates). Looking at the 4-hour