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: June 2024
Ahead of US CPI data, which is due later today, gold prices on MCX for August futures contracts opened flat at Rs 71,547 per 10 grams. Meanwhile, MCX July silver contracts have fallen by Rs 6,800 in June month so far and opened today at Rs 89,317 per kg. Gold was steady after a two-day
The forex markets are predominantly range-bound today as traders eagerly anticipate two pivotal events: US Consumer Price Index release and Federal Reserve’s economic projections. These announcements have the potential to trigger significant market volatility, given their implications for future monetary policy. While Euro struggles amid ongoing political turmoil in France, other major currencies remain steady
The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday. The CPI, a broad inflation gauge that measures a basket of goods and services costs across the U.S. economy, held flat on the month though it increased 3.3% from a
In this article AVGO Follow your favorite stocksCREATE FREE ACCOUNT Igor Golovniov | Lightrocket | Getty Images Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts’ estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15. The stock rose about 10% in
The Federal Reserve is widely expected to hold policy rate unchanged. Fed Chairman Powell’s remarks could provide important clues about the timing of the policy pivot. Markets see a strong chance that the Fed will wait until September to lower the interest rate. The US Federal Reserve (Fed) will announce monetary policy decisions following the
The USD moved lower after the tamer than expected US CPI data. The Fed now has 2 successive months of easing inflation and that is despite a 0.4% rise in shelter (if only that cracked). The data helped to push stocks higher in pre-market trading (S&P, Nasdaq are trading a new all-time highs). Yields are
The major US Stock indices are moving to the upside after the better-than-expected US CPI data. The gains in the three major indices are led by the NASDAQ index up 1.3%. The small-cap Russell 2000 is surging by 2.60%. A snapshot of the market 10 minutes into the open is is showing: Dow Industrial Average
Gold investors will have their eyes fixed on Federal Open Market Committee (FOMC) meeting outcome on Wednesday in anticipation that US Federal Reserve blinks on interest rate or at least hints at the timing of the cut at a time when the European Central Bank (ECB) and Bank of Canada have already taken the lead
Dollar took a significant hit in early US session, following the release of weaker-than-expected consumer inflation data. A particularly notable point is that headline CPI remained flat for the month, a scenario not seen since November last year. Annual core CPI also continued its steady disinflationary trend. In response to this data, US stock futures
New high rise tower blocks under construction and old towers in Rotherhithe and beyond to Bermodsey seen over the River Thames on 16th January 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — U.K. economic growth ground to a halt in April, according to flash figures published on Wednesday,
Gold price edges lower on Wednesday and seems to have snapped a two-day winning streak. Reduced bets for a September Fed rate cut continue to underpin the USD and cap the upside. Investors now look to the US CPI report and FOMC decision for a fresh directional impetus. Gold price (XAU/USD) struggles to capitalize on
The NZDUSD fell sharply on Friday and fell below its 100-bar moving average on the 4-hour chart. That level comes in at 0.6136. The first two days of the trading week has seen the price move up toward that moving average level. The price of the EURUSD got within four pips of it in trade
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
Oil prices rose on Tuesday, extending the previous day’s rally on hopes of higher seasonal fuel demand and potential U.S. crude purchases for its petroleum reserve, though gains were capped by a firmer dollar. Brent crude futures climbed 28 cents, or 0.3%, to $81.91 per barrel by 0038 GMT and U.S. West Texas Intermediate crude
Australian Dollar is trading broadly lower today, primarily due to selloff in stocks in Hong Kong and China as markets reopened after holiday. This downward pressure is compounded by the decline in Australian business confidence, which turned negative. ANZ has become the first of the big four banks to push its forecast for RBA next
Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the conference celebrating the Centennial of the Division of Research and Statistics, Board of Governors of the Federal Reserve System in Washington D.C., United States on November 08, 2023. (Photo by Celal Gunes/Anadolu via Getty Images) Celal Gunes | Anadolu | Getty Images Wednesday is
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares jumped as much as 11% in extended trading on Tuesday after the
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