Sterling remains one of the weakest performers this week, despite lack of strong selling momentum. BoE Chief Economist Huw Pill reaffirmed the market’s expectations that the central bank would start to consider interest rate cuts in upcoming meetings. These messages echoed the slight dovish shift noted in yesterday’s BoE rate decision. Attention is now shifting
Month: May 2024
We always say we love companies that are serial repurchasers of their stocks. That’s because as outstanding share counts go down, investors don’t have to do anything to get baked-in returns and own larger and larger pieces of the companies. Apple ‘s latest $110 billion stock buyback authorization is the granddaddy of them all —
Mexican Peso strengthens as the USD/MXN drops 0.21%, following April’s hot inflation report Consumer Price Index data shows prices remain above Banxico’s target range, hinting it may hold rates at 11.00%. USD/MXN traders’ eye upcoming decisions from Banxico and its updates to economic projections. The Mexican Peso appreciated against the US Dollar after the latest
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
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
Extending the losses for the second straight session, gold and silver prices slumped in the national capital on Thursday in line with weak trends in the global markets. According to HDFC Securities, gold prices declined Rs 50 to Rs 72,250 per 10 grams in Delhi. It had settled at Rs 72,300 per 10 grams in
British pound experienced some volatility following BoE’s rate decision, which revealed a dovish tilt in both the voting pattern and the language used. Sterling dipped initially, but then made a swift recovery, surviving as Governor Andrew Bailey dovish remarks in his follow-up press conference. Bailey stressed it’s not time to cut interest yet. But for
Jobseekers during a Construction Career Fair at Cape Fear Community College in Wilmington, North Carolina, US, Wednesday, March 15, 2023. Allison Joyce | Bloomberg | Getty Images Initial filings for unemployment benefits have hit their highest level since late August 2023, a potential sign that an otherwise robust labor market is changing. Jobless claims totaled
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Warner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top and bottom lines. Here is
Gold price holds positive ground in Thursday’s early European session. The rise in global gold demand, persistent central bank purchasing, and safe-haven flows might continue to boost the precious metal. Investors will monitor the US weekly Initial Jobless Claims and the Fed’s Daly’s speech on Thursday. Gold price (XAU/USD) trades with a positive bias on
The BOE rate decision will announced at 7:00 AM. No change is expected. However, it is in the nuances of the statement and comments that will drive the roadmap for traders – either bullish or bearish. To understand that, it is important to understand where the technical levels are that the “market” will pay attention
As mentioned earlier, it is shaping up to be one of those days in markets. Major currencies are finding little conviction so far today with the overall risk mood a bit more tepid. If there is some movement in the latter, then maybe we’ll get some action in European morning trade. Otherwise, it should be
The price of 10 grams of gold is off by nearly Rs 3000 or 4% from its lifetime highs and gold lovers now have an opportunity to buy the yellow metal on the auspicious occasion of Akshaya Tritiya which will be celebrated on May 10, Friday. An investment now could earn between 7% and 19%
Yen continues to underperform as the worst for the week at this point, even in face of Japan’s verbal interventions. As Yen breached 155 mark against Dollar again, Japanese Finance Minister Shunichi Suzuki reiterated his concerns over the detrimental impacts of a weakening Yen and promised a “thorough response” in the forex markets. Despite these
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Airbnb reported first-quarter results on Wednesday that beat analysts’ estimates but offered weaker-than-expected guidance. Shares fell
GBP/JPY finds fresh highs after “Yenterventions” knocked pair lower. BoE rate call around the corner, UK GDP on Friday. BoE expected to hold rates steady, Gov Bailey speech anticipated. GBP/JPY is slowly grinding its way back up the chart after a pair of suspected “Yenterventions” by the Bank of Japan (BoJ), but thus far no
The EURUSD muddles along with support and resistance defined by technical levels. More specifically the higher the swing area 1.07346 held support. The bounce higher has run into resistance against another swing area between 1.0752 and 1.0756. The 100-day moving average is also in play at 1.0753 on the topside. The range is still very
This Friday we will get another edition of the University of Michigan’s report on US consumer sentiment. The consensus at the moment is for a dip to 76.0 from 77.2. But when you zoom out on the survey, it sure doesn’t look like an economy with a strong stock market and the longest-ever streak of
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