The AUDUSD is lower on the week, but since bottoming on Wednesday, the price has moved up and down. IN the process, the price has seen the price move above and below the 61.8% of the move up from the August low at 0.6575. The price over the last day or so has also moved
Month: November 2024
The Canadian dollar is in a tough spot. The US dollar rose 15 pips against the loonie today to 1.3950, which is the first time at that level since 2022. The next level to watch is 1.3978, as a rise above that level would be the highest since the pandemic. And other than a brief
ETMarkets.com| Oct 31, 2024, 04:32:38 PM IST 1/7 Top Performers Indian benchmark equity indices traded lower on Thursday, dragged down by a decline in information technology stocks, but Larsen & Toubro’s jump after maintaining its annual growth forecast helped cap further losses. Meanwhile, six small and midcap stocks from the Nifty 500 index hit new
A jobseeker holds flyers during the New York Public Library’s annual Bronx Job Fair & Expo at the the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024. Yuki Iwamura | Bloomberg | Getty Images The unemployment rate for white Americans inched higher in October, according to data
Coterra Energy on Thursday delivered mixed third-quarter results for sales and earnings. However, production volumes and cash generation — the latter being what the Street really cares about — came in ahead of expectations. Revenue in the three months ended September 30 was essentially flat versus the year ago period at $1.36 billion but did
EUR/USD has drifted a little lower over the course of the session so far, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR rebound momentum stalls “Market participation has perhaps weakened ahead of the US jobs data, the weekend and the US election Tuesday, with no major data from the Eurozone to drive sentiment. More to
Sterling has faced significant selling pressure as markets reacted negatively to the Labour government’s budget announcement. Some analysts draw comparisons to the free fall following former Prime Minister Liz Truss’s mini-budget two years ago. Yet, the current selloff is notably milder. The focus now is on whether Sterling can stabilize in the coming days or
The broader indices are trading to new session lows: S&P index is down -93 points or -1.60% at 5720.40 NASDAQ index is down -473 points or -2.55% at 18132.97. Looking at the NASDAQ index, it is trading above and below key support near 18146.61. The price is just below the level now and if the
Why it’s important? In the Asian session, Eamonn published the range of estimates for today’s US NFP report. These ranges are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although
Written by , ETMarkets.com| Oct 31, 2024, 06:02:24 PM IST 1/8 New Highs On Thursday, the benchmark index, the Sensex, declined by 553 points, finishing at 79,389. Despite the market’s downturn, seven stocks within the BSE 500 index reached their 52-week highs. A 52-week high indicates the highest price a stock has achieved in the past
Hiring signs outside a Stewart’s gas station in Catskill, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty Images Powerful hurricanes and a major labor strike could take a chunk out of the nonfarm payrolls count for October, which is expected to be the slowest month for job creation in
Apple late Thursday delivered a quarter that can only be described as much better than feared. It wasn’t perfect, but it was pretty darn good. Revenue in Apple’s fiscal 2024 fourth quarter, which ended in September, grew 6% year-over-year to a September quarter record of $94.93 billion – outpacing the LSEG estimate of $94.58 billion.