Month: December 2024

Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on
0 Comments
Cyber Monday has begun as American shoppers peruse Amazon.com for holiday deals. Adobe Analytics estimates that holiday online sales will rise more than 8% compared to 2023. Dow Jones sinks despite gains from AMZN and Boeing on Monday. Amazon founder Jeff Bezos made an investment in an Nvidia AI chip competitor. Amazon (AMZN) stock has gained
0 Comments
Dollar’s rally extended its rally, bolstered by stronger-than-expected ISM manufacturing data. The notable jump in new orders and easing prices suggest an improving outlook for the US manufacturing sector. In the background, the greenback had a head start for the week after US President-elect Donald Trump adopted a firm stance on maintaining the Dollar’s dominance,
0 Comments
FX option expiries for Dec 2 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.0550 828m 1.0600 847m 1.0625 2.3b 1.0700 1.5b GBP/USD: GBP amounts      1.3000 790m USD/JPY: USD amounts                      150.00 705m 152.00 590m 152.50 490m AUD/USD: AUD amounts 0.6500 404m
0 Comments
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
0 Comments
Gold prices slipped on Monday, snapping a four-session rally as the dollar firmed, while market participants awaited key U.S. economic data for clues on the Federal Reserve’s monetary policy outlook. FUNDAMENTALS * Spot gold fell 0.7% to $2,633.86 per ounce, as of 0047 GMT. U.S. gold futures edged 0.9% lower to $2,656.40. * The dollar
0 Comments
UPCOMING EVENTS: Monday: Australia Retail Sales, China Caixin Manufacturing PMI, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Unemployment Rate, Canada Manufacturing PMI, US ISM Manufacturing PMI, Fed’s Waller. Tuesday: Switzerland CPI, US Job Openings. Wednesday: Australia Q3 GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, US ISM Services PMI, Fed Chair
0 Comments
Praj Industries Ltd has achieved a new all-time high, marking a significant milestone with one of its strongest closings in the past 52 weeks. The bulls showcased their dominance, overcoming intraday selling pressure to close with a robust positive candle. The formation of a strong green-bodied candle reflects heightened buying interest, further reinforced by increased
0 Comments
Mexican Peso appreciates 0.59% against US Dollar, poised for strong weekly performance. Banxico minutes suggest potential for 50 bps rate cut in December, boosting Peso’s outlook. President Sheinbaum optimistic about averting Trump’s proposed 25% tariffs, bolstering MXN stability. The Mexican Peso appreciated against the US Dollar during the North American session as the Greenback extended
0 Comments