The AUDUSD opened the week below a swing area between 0.6471 and 0.6479. On Monday the price moved above that area and stayed above it for the rest the week. In trading today, the low price move down to test a low of that swing area but found willing sellers. The price has since rotated
Month: November 2024
US Republican Senators Lindsey Graham and Tom Cotton have started to draft a package of sanctions on the International Criminal Court (ICC). Graham spoke on Fox, warning US allies: “To any Ally: Canada, Britain, Germany, France, if you try to help the ICC, we are gonna sanction you. We should crush your economy.” A heads
Reserve Bank of India’s gold purchases has helped the central bank to hold up foreign exchange reserves amidst a huge pullout by foreign portfolio investors that saw reserves contracting by $47 billion in five weeks. While the value of foreign currency assets dipped $1.1 billion on an incremental basis since the beginning of the fiscal
In this article TJX Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs at the entrance of a T. J. Maxx store on February 28, 2024 in Chicago, Illinois. Scott Olson | Getty Images TJX Companies touted a “strong start” to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer
Mexican Peso makes a late session recovery, supported by strong Q3 GDP figures and lower mid-month inflation. Concerns linger as Mexico’s legislative changes could impact its status in the USMCA agreement, potentially affecting trade dynamics. Banxico Governor indicates readiness to cut rates further if inflation trends continue downward, influencing Peso’s strength. US economic data, including
Euro stole the limelight last week with a steep selloff triggered by poor activity data. This downturn has intensified the pressing need for the ECB to ease monetary policy swiftly back to neutral levels. While Euro’s decline was pronounced, Sterling and the Swiss Franc are not far behind, each facing their own set of challenges.
The USD/JPY pair moved lower in the early Asian session but found support once again near the rising 100-bar moving average on the 4-hour chart, currently at 153.944. This level, which also held yesterday and prompted a bounce, remains a key technical support. Staying above this moving average maintains a bullish bias, while a break
UPCOMING EVENTS: Monday: PBoC MLF, German IFO. Tuesday: US Consumer Confidence, FOMC Minutes. Wednesday: Australia Monthly CPI, RBNZ Policy Decision, US Q3 GDP 2nd Estimate, US PCE, US Durable Goods, US Jobless Claims. Thursday: German CPI. (US Holiday) Friday: Tokyo CPI, Japan Unemployment Rate, France CPI, Switzerland Q3 GDP, Eurozone CPI, Canada GDP. Tuesday The
Written by , ETMarkets.com| Nov 24, 2024, 03:45:45 PM IST 1/6 Stock Ideas Indian markets rebounded with a gusto on Friday helped by buying trends across sectors with IT and bank heavyweights along with Reliance Industries (RIL) simultaneously throwing their weights around. While the S&P BSE Sensex settled at 79,117.11, up by 1961.32 points or 2.54%,
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang arrives at the launch of the supercomputer Gefion, at the Vilhelm Lauritzen Terminal in Kastrup, Denmark, Oct. 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Nvidia reports fiscal third-quarter earnings Wednesday after the market closes. Here’s what Wall
Gold prices rally 1.50% on Friday, boosted by a decrease in US 10-year Treasury yields to 4.40%. Escalating geopolitical concerns, including potential expansion of the Russia-Ukraine conflict, fuel demand for Bullion’s safe-haven status. US economic data shows mixed signals; Services and Composite PMIs outperform while Manufacturing PMI remains in contraction. Gold price rallies to a
The EUR/USD pair continued its downward trend today, extending a week-long selloff as bearish momentum carried the price through key technical levels. Weak European flash PMI data and concerns from ECB officials over growth and inflation pressured the euro, while stronger-than-expected US PMI data (offset slightly by weaker University of Michigan data) provided support for
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
ETMarkets.com| Nov 21, 2024, 01:46:52 PM IST 1/6 Long Buildup Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday’s trading session, five stocks witnessed a long unwinding. Here’s the list: ETMarkets.com 2/6 Indraprastha Gas
TJX Companies delivered strong quarterly results before Wednesday’s opening bell. While guidance was a bit below expectations, it was not overly concerning given the off-price retailer’s proclivity to under-promise and over-deliver. Revenue during TJX’s fiscal 2025 third quarter ended Nov. 2 rose 6% year-over-year to $14.06 billion, beating the LSEG-compiled consensus estimate of $13.95 billion.
GBP/USD sinks further following poor performances in key UK economic indicators and rising geopolitical concerns. Technical analysis highlights potential for the pair to test significant supports at 1.2445 and possibly the year-to-date low of 1.2299. RSI indicates oversold conditions, suggesting a heavy bearish pressure but not yet at extreme levels. The Pound Sterling extends its
The major European indices are closing the day higher despite what was weak flash European PMI data for both manufacturing and service. The final numbers are showing: German DAX +0.89% France’s CAC +0.58% UK’s FTSE 100 +1.38% Spain’s Ibex +0.39% Italy’s FTSE MIB +0.60% For the trading week indices are mixed with France and Italy
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
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