A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024. Daniel Slim | AFP | Getty Images Much of the world has managed to successfully lower inflation and engineer an economic soft landing, avoiding recession, but
Month: October 2024
In this article DXCM Follow your favorite stocksCREATE FREE ACCOUNT Kevin Sayer, CEO, Dexcom Scott Mlyn | CNBC Shares of Dexcom fell 9% in extended trading on Thursday after the company released third-quarter results that beat analysts’ expectations but showed a decline in U.S. revenue year over year. Here’s how the company did: Earnings per
Gold advances as US Treasury yields fall alongside the US Dollar. Tensions due to the Middle East and US election boost Bullion’s demand. Strong US labor market data and better-than-expected PMI results underscore economic resilience despite mixed housing data. Analysts highlight rising US fiscal debt concerns as key factors supporting Gold’s rally. Gold prices climbed
The forex markets are relatively calm today, as major currency pairs and crosses gyrate within familiar ranges, digesting recent moves, and awaiting fresh data. Euro is having a slight recovery, supported by mixed PMI data that reflected an improving outlook in Germany, offset by a more concerning deterioration in France. Inflationary pressures continue to linger,
The existing home sales yesterday came in weaker. The new home sales data today came in stronger. Existing home sales account for about 80% of home sales in the US. Today, the Freddie Mac 30 year mortgage rate rose to 6.54% from 6.44% last week. This is highest level since August 1 week. The good
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 held steady on Thursday after scaling an all-time high in the previous session, with a stronger dollar and an uptick in U.S. Treasury yields offseting support from safe-heaven demand. FUNDAMENTALS * Spot gold was flat at $2,718.32 per ounce, as of 00:13 GMT. U.S. gold futures were 0.1% higher to $2,732.10. * Prices
Extreme tariffs proposed by U.S. presidential candidate Donald Trump would interrupt the path of disinflation and could lead to higher interest rates, according to the head of the Institute of International Finance. “The assumption is you’ll have higher inflation, higher interest rates than you would have in the absence of those tariffs,” Tim Adams, president
An American Airlines aircraft departs from Ronald Reagan Washington National Airport on August 28, 2024 in Arlington, Virginia. Kevin Carter | Getty Images American Airlines raised its profit forecast for the year as CEO Robert Isom said the company’s sales strategy shift earlier this year is paying off. The carrier said it expects to earn
The Mexican Peso executes a technical bounce and rises despite negative fundamentals. The move could be technically inspired or as a result of a revival in carry flows due to the weakening Yen. USD/MXN pulls back after testing the 20.00 hurdle. The pair remains in a broader uptrend. The Mexican Peso (MXN) edges higher on
Japanese Yen saw a modest recovery today after briefly dipping below the 153 mark against Dollar, as Japanese officials finally broke silence on the currency’s recent decline. Finance Minister Katsunobu Kato stated that the government is closely monitoring exchange-rate movements with “heightened vigilance, including for any speculative moves.” He reiterated the need for exchange rates
The USDCHF has been trading higher since September 30, and after breaking outside of the “Red Box” on October 4. The price moved up to a swing area and then above the 38.2% retracement during last week’s trading. On Monday this week, the price corrected down to retest the 38.2% retracement at 0.86318 and found
It’s been a rather lackluster last few sessions in Europe in terms of headlines. But hey, things might take a different turn today. On the agenda, we do have PMI data from France, Germany, and the Eurozone to make up for it. That will at least keep things interesting especially if the data continues to
After witnessing profit booking on the higher levels yesterday, Gold December futures contracts at MCX on Thursday opened flat at Rs 77,971 per 10 gram, which is up by 0.2% or Rs 159 while silver December futures contracts were trading at Rs 97,450/kg, up by 0.51% or Rs 490. On Wednesday, gold and silver settled
A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024. Daniel Slim | AFP | Getty Images The International Monetary Fund warned Wednesday that the public debt situation worldwide could be more dire than most think,
In this article IBM PRGS UPLD Follow your favorite stocksCREATE FREE ACCOUNT IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares moved 5% lower in extended trading on Wednesday after the hardware, software and consulting provider fell short
Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr flagged the potential that the New Zealand central bank may be more “circumspect” when it comes to further rate cuts looking ahead after the RBNZ kicked off a rate cutting cycle this year. Key highlights Low and stable inflation is again in sight. NZ monetary policy
Japanese Yen and the Nikkei index have both been hammered this week as political uncertainty ahead of Japan’s snap election seemed to be rattling investor confidence. Yen accelerated its slide against Dollar through 153 mark while Nikkei ended the day with a sharp loss of over 300 points. Prime Minister Shigeru Ishiba’s dissolution of the
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