Canadian Dollar trades tightly during the mid-week market session. Canada relegated to strictly mid-tier data releases for the rest of the week. BoC Summary of Deliberations is unlikely to deliver anything new. The Canadian Dollar (CAD) is treading water on Wednesday, trading within a scant tenth of a percent against its largest peer — the
Month: June 2024
Trading as been relatively quiet in European session today. Sterling strengthened slightly despite CPI data showing inflation returning to BoE’s target for the first time in three years. Notably, services inflation remains elevated at 5.7%, which could limit the BoE’s ability to aggressively ease policy, although the first rate cut is still expected in August.
NVDA price forecast for traders and investors at ForexLive.com Predicting where a stock might rest after a significant rally, especially when it’s creating new all-time highs (ATH) almost weekly, presents a unique challenge in technical analysis. NVDA (NVIDIA Corporation) is currently in such a phase, with its price action tightly confined within a strong bull
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 hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose. Brent crude futures for August, due to expire on Thursday, were up 20 cents to $85.53 a barrel by 1235 GMT, while the more active September contract gained
Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024. Danielle DeVries | CNBC EAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson, snowboarding down the indoor ski park at Big Snow American Dream in East Rutherford, New Jersey, was a
Gold prices remained broadly unchanged in Pakistan on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 20,813.74 Pakistani Rupees (PKR) per gram, broadly stable compared with the PKR 20,824.20 it cost on Tuesday. The price for Gold was broadly steady at PKR 242,768.50 per tola from PKR 242,889.40 per tola
Japanese Yen had a modest recovery in Asian session, accompanied by an uptick in 10-year JGB yield and Nikkei. This comes as BoJ Governor Kazuo Ueda continued to prepare the markets for more tightening ahead, by reiterating that another rate hike in July is a possibility. Additionally, Ueda emphasized the impact of the weak Yen
The best traders anticipate the next trade. In this video I take a look at the GBPJPY and the EURJPY from a technical perspective and pick out the key level that will define the bullish/bearish barometer heading into the new trading day and explain why the levels are important. The level will either keep 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
Gold prices inched up on Tuesday as the Treasury yields edged lower, while investors looked forward to economic data and comments from Federal Reserve officials throughout the week for clarity on the U.S. central bank’s interest rate cut timeline. FUNDAMENTALS * Spot gold was up 0.1% at $2,320.60 per ounce, as of 0120 GMT. U.S.
Economist Claudia Sahm on CNBC’s The Exchange. CNBC The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a time-tested rule for when recessions happen. Economist Claudia Sahm has shown that when the unemployment rate’s three-month average is half a percentage point higher than
US Dollar lost ground on lower-than-anticipated Retail Sales figures, which fuel dovish bets on the Fed. Markets are digesting comments from Fed officials for placing their bets on the rate cut cycle. Investors continue challenging the Fed and bet on more than one cut in 2024. On Tuesday, the US Dollar, as measured by the
Swiss Franc breaks higher in early US session as benchmark treasury yields in both the US and Europe plummeted. This rise was partly triggered by US retail sales data coming in much weaker than anticipated. Additionally, investor sentiment in Europe remains fragile due to ongoing political risks in France. On the geopolitical front, Russian President
The AUDUSD has been fluctuating mostly between 0.6575 and 0.66896 over the past 6-7 weeks. This prolonged period of oscillation has led to the near convergence of the 100 and 200 bar moving averages on the 4-hour chart, which are now positioned between 0.66318 and 0.66349. Today, weaker US retail sales data and an RBA
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
MCX Gold August futures contracts on Tuesday opened 0.28% or Rs 200 higher at Rs 71,650 per 10 grams while silver July contracts opened 0.37% or Rs 332 higher at Rs 89,152/kg as both metals traded flat. Gold and silver prices recovered from their lows amid bargain buying at lower levels as domestic and international
Reserve Bank of Australia (RBA) Governor Michele Bullock is due to hold a press conference following the June monetary policy announcement. Bullock will take questions from the press, as part of a new reporting format for the central bank starting this year. At its June policy meeting, the RBA kept the policy rate unadjusted at
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