The US Dollar index plunged below its 20-day SMA, trading below 106.00. Soft labor market data seems to be pushing the buck lower. If economic data continue coming in soft, markets might continue to bet on a more dovish Fed. The US Dollar (USD) is under significant selling pressure on Thursday as markets gear up
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Sterling rallied broadly today, driven by BoE’s Monthly Decision Maker Panel survey, which underscored a complex economic outlook that reinforces the central bank’s cautious approach to policy easing. The survey revealed a mixed picture of inflationary and deflationary pressures. Notably, 54% of businesses anticipate raising prices in response to National Insurance contribution hikes outlined in
Fundamental Overview The US Dollar continues to consolidate around the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of strong US data
TSLA is now up almost 50% since the election day as the bullish momentum in the stock exploded following Trump’s victory. This shouldn’t be surprising given that Elon Musk bet big on Trump and the market is now rewarding it. TSLA stock 1 hour It looks like the US economy continues not only to do
On Thursday, benchmark index Sensex, gained 810 points, closing at 81,765. During this rally, four stocks from the BSE commodities index reached their 52-week highs. A 52-week high reflects the highest price a stock has achieved over the past year, providing key insights for traders and investors. This metric is essential for evaluating a stock’s
Andrew Bailey, governor of the Bank of England, at the central bank’s headquarters in the City of London, U.K., on Nov. 29, 2024. Hollie Adams | Bloomberg | Getty Images Bank of England Governor Andrew Bailey on Wednesday signaled that the U.K. could be on track for four interest rate cuts over the next year,
In this article OKTA Follow your favorite stocksCREATE FREE ACCOUNT Todd McKinnon, CEO and co-founder of Okta, speaks during the BoxWorks 2019 Conference in San Francisco, California, on Oct. 3, 2019. Michael Short | Bloomberg | Getty Images Shares of Okta popped more than 18% in extended trading on Tuesday after the identity management company
Gold price ticks lower on Thursday amid a modest rebound in the US bond yields. Geopolitical risks and trade war fears limit losses for the safe-haven XAU/USD. The USD bulls remain on the sidelines ahead of the key US NFP report on Friday. Gold price (XAU/USD) sticks to its modest intraday losses during the early
Australian Dollar faced broad declines in Asian trading following Q3 GDP data that fell short of expectations, marking a continued slowdown in the economy. Despite the weakness, the data isn’t severe enough to prompt an immediate policy response from RBA, either this month or in February. The central bank’s decision-making remains anchored on progress in
The AUDUSD moved sharply yesterday on the back of weaker Australia GDP data. The price broke below a floor area between 0.6433 and 0.6442 However, a sharp rebound took the price back above the swing area and to a high of 0.6450. The momentum cannot be sustained and when the price low back below the
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
Recently, the market has been highly volatile, with the benchmark index, Sensex, experiencing swings of over 500-1000 points in a single day—rallying one day and falling the next, followed by another rally. In such uncertain times, investors tend to focus on fundamentally stable stocks. In today’s analysis, ETMarkets has identified 11 such stocks that have
Paul Atkins, founder and chief executive officer of Patomak Global Partners LLC, speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017. David Paul Morris | Bloomberg | Getty Images President-elect Donald Trump, keeping with his promise for a crypto-friendly administration, plans to
In this article AEO Follow your favorite stocksCREATE FREE ACCOUNT A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California. Justin Sullivan | Getty Images American Eagle issued weak holiday guidance on Wednesday and cut its full-year forecast as it contends with value-seeking consumers who are only willing to spend
The US Dollar whipsaws on Wednesday and turns red after both S&P and ISM Services release. Federal Reserve Bank of St. Louis President Alberto Musalem delivers hawkish comment. Fed Chairman Powell is set to speak during the American session, likely adding volatility to the US Dollar Dollar Index. The US Dollar (USD) is turning red
Dollar is mixed as markets enter into US session, with traders digesting the slightly weaker-than-expected ADP private employment report. The re-accelerating pay growth as shown in the report might prompt some concerns among hawkish members of Fed. But the focus remains on Friday’s non-farm payroll data, the definitive input for assessing labor market health. Fed
🚀 Why Dogecoin (DOGE) is the Altcoin You Shouldn’t Ignore 🐕💎 If you’re thinking about diving into crypto, Dogecoin (DOGE) should be at the top of your altcoin watchlist. What started as a meme has grown into a global crypto sensation, backed by Elon Musk, a strong community, and increasingly bullish signals. And with whales
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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