Dollar appears to be gathering steam for a stronger, sustainable near-term rebound, although the precise catalyst remains unclear. One contributing factor an undercurrent of risk aversion, which is reflected in the broad selloff in the Australian and New Zealand Dollars. Yet, the overall market picture is mixed, as US stock futures inch higher and Treasury
Month: February 2025
Eggs are displayed for sale in a Manhattan grocery store on Feb. 25, 2025 in New York City. Spencer Platt | Getty Images An ominous measure that the Federal Reserve considers a near surefire recession signal again has reared its head in the bond market. The 10-year Treasury yield passed below that of the 3-month
The AUDUSD is down for the third time in four trading days after peaking near the falling 100-day moving average at 0.6407. Today’s decline has been volatile, with initial support holding near a key swing area between 0.6287 and 0.6301. However, after an attempted rebound, sellers quickly regained control. The bounce saw the pair rise
Gold prices jumped on Wednesday by Rs 170 to Rs 85,824 per 10 grams in futures trade on the multi-commodity exchange. The gold contracts traded 0.13% higher for April delivery. The yellow metal has been surging to record highs of late and breached a fresh record on Monday before booking some profit booking amid uncertainty
Shoppers never know exactly what they will find at a T.J. Maxx, Marshalls, or HomeGoods. Investors, on the other hand, are finding earnings from their parent company rather predictable. TJX Companies on Wednesday delivered a better-than-expected quarter but light outlook. The market was hardly concerned, sending shares up 3%, because TJX consistently under-promises and over-delivers.
GBP/USD climbs another quarter of a percent to reach new 10-week highs. Cable traders are pushing the pair into 1.2700 despite thin headlines. No news is good news as the UK looks set to continue coasting and BoE is set for three more rate cuts. GBP/USD coasted into a fresh 10-week high on Wednesday, clipping the 1.2700
Dollar remains stuck in a tug-of-war of conflicting forces. On one side, extended decline in US Treasury yields is pressuring the greenback, while on the other, risk aversion is offering some support. 10-year Treasury yield fell to its lowest level since December, looks on track to test the next Fibonacci support at 4.2%. Bond markets
orderFlow Intel Update for AMD Investors: Buy-the-Dip Considerations & NVIDIA’s Earnings Impact AMD Stock Snapshot Analysis in Pre-Market on 26 Feb 2025 AMD stock has shown early bullish signs based on our latest OrderFlow Intel analysis, with a prediction score of +6.5 out of 10. Buyers stepped in at key price levels, and we’ve observed
EUR/USD daily chart EUR/USD continues to knock on the door of the 1.0500 level this week. A weaker dollar after the softer US consumer confidence data yesterday helped to underpin the pair but I wouldn’t say buyers have done enough just yet. The close yesterday was at 1.0512 but it’s not all too convincing of
Oil prices climbed in early Asian trading hours on Wednesday, bouncing off two-month lows hit in the prior session, after an industry group reported U.S. crude stockpiles fell last week. Brent crude oil futures rose 27 cents, or 0.4%, to $73.29 a barrel by 0134 GMT. U.S. West Texas Intermediate crude oil futures were up
Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings. The mutlinational conglomerate, which
Gold prices remained broadly unchanged in United Arab Emirates on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 344.14 United Arab Emirates Dirhams (AED) per gram, broadly stable compared with the AED 343.96 it cost on Tuesday. The price for Gold was broadly steady at AED 4,014.00 per tola from
Dollar weakened notably against European majors and Yen as markets transitioned into US session, despite subdued overall trading activity. The decline was largely driven by extended fall in US 10-year Treasury yield, which hit its lowest level since mid-December. Beyond geopolitical and trade war concerns, market focus has turned toward whether slowing US consumption and
The NZDUSD has seen the price move lower in trading today as risk-off sentiment led to declines. Having said that, the fall was not without it’s ups and downs intraday. Nevertheless, technically speaking, the first corrective high in the Asia-Pacific session stalled against the 100-hour moving average (blue line on the chart below). The rest
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In a world marked by geopolitical uncertainties, changing monetary policies, and economic volatility, gold continues to shine as a reliable investment avenue. In an interview with ETNow Sanjay Bembalkar, Co-Head of Equity at Union Asset Management Company, highlights the strategic importance of gold in an investor’s portfolio, particularly through Gold ETFs (Exchange Traded Funds). In
Home Depot on Tuesday reported better-than-expected fourth-quarter results, but high interest rates continue to cloud its outlook for the year. Net sales in the three months ended Feb. 2 rose 14.1% to $39.7 billion, topping estimates of $39.16 billion, according to LSEG. Earnings per share (EPS) increased 6.7% on annual basis to $3.02, a penny
Trump Trade Advisor Peter Navarro hinted at the possibility of yet more tariff exemptions during an interview on CNBC on Tuesday. Trade Advisor Navarro’s comments, while welcome by markets, contradict statements from other Trump administration policymakers who have already earmarked planned tariffs as a potential funding source to plug the upcoming holes in team Trump’s
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