Trading in the forex markets remains subdued today as investors take a breather from a week of high volatility. Most major currency pairs and crosses are trading within yesterday’s ranges, with little reaction to US PCE inflation data. Annual Core PCE rate was surprisingly unchanged in June, but the slight monthly increase still indicates that
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An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with Dow Jones estimates,
Kevin Sayer, CEO, Dexcom Scott Mlyn | CNBC Dexcom shares sank more than 40% on Friday and headed for their worst day ever after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $45.38 to $62.47 as of early afternoon, wiping out about $18 billion in
Stocks fluctuated on Thursday in a big way, with the daily trading range of the S&P 500 index exceeding 100 points. It closed 0.51% lower, indicating ongoing uncertainty and a generally bearish bias. This morning, the S&P 500 is expected to open 0.7% higher following the Core PCE Price Index release, which came in at
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
US core PCE price index year-on-year (%) Broader markets are seeking a respite today and if that is to hold, it will need the next key US inflation indicator to play ball. So far, risk trades are sensing some relief today after a rough week. But can it hold through until the weekend? The expectation
Gold August futures contracts at MCX opened flat on Friday at Rs 67,849 per 10 gram, which is up by merely 0.57% or Rs 387 while silver September futures contracts were trading at Rs 81,380/kg, up by 0.06% or Rs 49. Gold has declined by Rs 1,100/10 gm in the last 2 days while silver
The forex markets have calmed down considerably in Asian session after a week of significant wild ride. Despite the pause, the risk-averse sentiment persists. Yen, which has led the charge this week, is starting to take a breather. It remains the runaway leader, followed by Swiss Franc and then Dollar. Meanwhile, New Zealand Dollar has
In this article DXCM Follow your favorite stocksCREATE FREE ACCOUNT The Dexcom logo is seen on a smartphone screen and in the background. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Shares of Dexcom tumbled more than 35% in extended trading Thursday after the diabetes management company reported disappointing revenue for the second
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EURUSD failed above the 100 hour MA and sellers pushed In the Kickstart video today, I talked about two things that had to happen in the EURUSD if the buyers were to take back control. Getting above the 100-hour MA (blue line on the chart above) Getting above the 1.0872 level Requirement #1 was successful
Reuters have the piece from a Citi report on politics / oil. In brief: Trump presidency could be net bearish for oil prices combination of factors including tariffs and oil-friendly policies, and pushing the Organization of the Petroleum Exporting Countries and allies (OPEC+) to release more oil into the market The main bullish risk for
Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel by 0129
Dollar rises modestly in early US trading following stronger-than-expected Q2 GDP data. The robust performance overshadowed the mixed durable goods orders data, instilling some optimism in the market. Despite this, overall market reactions remain subdued. US futures point to a flat open, suggesting a degree of stabilization following yesterday’s sharp selloff. Additionally, 10-year yield has
Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable inventory build, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at
Shares of Honeywell slid Thursday as strong second-quarter results are being overshadowed by a mixed update to management’s outlook for the remainder of the year. But we’re looking through the weakness on a belief that the industrial conglomerate is heading toward a healthy 2025. Revenue for the three months ended June 30 totaled $9.58 billion,
The Pound Sterling declines against the US Dollar to nearly 1.2880 on upbeat US Q2 flash GDP data. Firm preliminary S&P Global/CIPS PMI for July has improved the UK’s economic outlook. BoE officials hesitate to authenticate market speculation for a rate cut in August. The Pound Sterling (GBP) exhibits a poor performance against its major peers, except
Fundamental Overview The USD has been rallying steadily against the major currencies since last Wednesday on the back of general risk-off sentiment, although it’s unclear what has triggered the move. From the monetary policy perspective, nothing has changed as the market continues to expect at least two rate cuts by the end of the year