The forex markets have started the week on a subdued note, typical of a Monday morning in Asia, particularly with Japan on holiday. Yen remains in a consolidation phase, holding steady after its recent gains and staying as the strongest currency this month so far. Swiss Franc is not far behind, ranking as the second.
Month: August 2024
The USDJPY has moved lower as the day comes to a close and in the process is moving closer to near converged 100 and 200 hour moving averages. In the new trading day, if the price can stay above those moving averages, the bias would remain more positive. Conversely, break below and look for more
The US CPI report is due out on Wednesday and it should add to the case that price pressures are no longer a market preoccupation. Goldman Sachs is out with its estimate of core CPI, which they peg at 0.16%, below the 0.2% unrounded consensus. They continue to see a decline in core goods, which
Gold prices eased on Tuesday but hovered near a one-week high, while markets awaited a key U.S. inflation data that could provide further insight into the U.S. Federal Reserve‘s next policy decision. FUNDAMENTALS * Spot gold fell by 0.2% to $2,466.69 per ounce, as of 0155 GMT, after hitting its highest since Aug. 2 earlier
People shop at a grocery store in Brooklyn on July 11, 2024 in New York City. Spencer Platt | Getty Images Consumers grew more confident in July that inflation will be less of a problem in the coming years, according to a New York Federal Reserve report Monday that showed the three-year outlook at a
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. U.S. stocks were mixed on Monday as Wall Street braced for major inflation data later this week. The S & P 500 and Nasdaq Composite edged 0.4% and 0.7% higher,
Oil price jumps higher for a fourth consecutive day on Monday. Traders send Oil prices higher on trimmed demand outlook from OPEC. The US Dollar Index trades at a pivotal level after being glued to it since last week. Oil price jumps higher for a fourth straight day in a row on Monday. Oil traders
Yen and Swiss Franc weaken slightly in today’s subdued trading environment. With the economic calendar offering little in terms of market-moving events during the European and US sessions, currency movements have been minimal. Meanwhile, Australian and New Zealand Dollars are showing modest strength, though most other major currencies are trading within narrow ranges. Other financial
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
Hedge funds have been safeguarding against a global economic slowdown via commodity shorts in all likelihood. Bloomberg data showed a net short of 153K contracts across 20 raw-materials markets in the latest week, that’s the most since at least 2011. The positioning is particularly stark in oil, where the net was cut by 110 million
Gold prices rose by Rs 200 to Rs 72,350 per 10 grams while silver prices rallied by Rs 1,000 per kg in the local market here on Monday amid firm global trends. In the previous session, the yellow metal of 99.9 per cent purity had closed lower at Rs 72,150 per 10 grams on Saturday,
Shares of Disney fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. However, the quarter checked the boxes that matter most to us, making the stock decline a buying opportunity. Revenue in the fiscal third quarter totaled $23.16 billion, topping the $23.07 billion expected by analysts, according
Gold price lacks firm intraday direction on Monday amid a combination of diverging forces. A positive risk tone caps gains, though geopolitical risks and Fed rate cut bets lend support. Traders also seem reluctant ahead of the key US inflation figures, due for release this week. Gold price (XAU/USD) struggles to capitalize on its gains
Fundamental Overview The Russell 2000 bounced strongly from the lows yesterday following good US Jobless Claims figures as the data quelled some of the fears around the labour market after the weak US NFP report last Friday. The market pricing for rate cuts eased a bit but remains quite elevated with a 55% probability of
This article is concerning, titled: China’s Real Economic Crisis – Why Beijing Won’t Give Up on a Failing Model Here is the link. It’s a long, long piece, but, in summary: China’s economy is struggling despite the end of zero-COVID policies, with sluggish GDP growth and sagging consumer confidence. The main issue is structural overcapacity
Gold prices held steady on Monday, with investors awaiting key U.S. inflation data due later this week to gauge the size of the Federal Reserve‘s likely interest rate cut next month. FUNDAMENTALS * Spot gold were little changed at $2,425.94 per ounce, as of 0153 GMT. U.S. gold futures slipped 0.3% to $2,464.80. * The
A general view of the Eiffel Tower with the Olympics rings pictured with national flags of competing countries from the Place du Trocadero ahead of Paris 2024 Olympic Games on July 21, 2024 in Paris, France. Kevin Voigt | Getty Images Sport | Getty Images The Olympic Games are causing a surge in prices, but
In this article MCD QSR-CA CMG DIN Follow your favorite stocksCREATE FREE ACCOUNT A sign advertises meal deals at a McDonald’s restaurant in Burbank, California, on July 22, 2024. Mario Tama | Getty Images Restaurant CEOs have become obsessed with the word “value” in explaining to investors why their sales lagged this quarter while sharing
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