Dollar rebounds broadly in early US session following stronger-than-expected employment data. Despite a slight uptick in unemployment rate, robust headline job growth and wage increases highlighted the US job market’s continued tightness. This suggests that Fed should remain cautious about premature policy easing. In reaction to the data, US futures tumbled significantly, pointing to a
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Russian President Vladimir Putin is seen while visiting the Lakhta Center on June 5, 2024, in Saint Petersburg, Russia. Vladimir Putin visited a newly built Lakhta Center, a skyscraper of Gazprom, prior to his meetings at the Saint Petersburg International Economic Forum SPIEF 2024. Contributor | Getty Images News | Getty Images Russia’s annual economic
The Australian Dollar remains steady ahead of a speech from RBA Deputy Governor Andrew Hauser on the economic outlook. The Australian equity market appreciates with higher mining and energy stocks due to stronger commodity prices. China’s Trade Balance could slightly increase to $73.00 billion in May, from the previous balance of $72.35 billion. The US
Crude oil futures are settling at $75.55. That is up $1.48 or 2.0%. The high price today reached $75.79. The low price was at $74.06. The price bottom this week at $72.48 on Tuesday. For the trading week the price is still down -1.9% or $-1.46, but well off the low of $-4.51. Crude oil
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
Oil rose in early Asian trading on Thursday on rising expectations the Federal Reserve will cut interest rates in September, and as the market rebounded from a selloff related to growing U.S. inventories and an OPEC+ plan to increase supply. Brent crude futures rose 27 cents, or 0.34%, to $78.68 a barrel by 0103 GMT,
Following ECB’s decision to lower interest rates by 25 bps, a move that aligned with market expectations, Euro remained relatively steady within its near term trading range. ECB President Christine Lagarde, speaking at the post-meeting press conference, deliberately avoided providing explicit forward guidance, stating that ECB is not pre-committing to any particular rate path. Lagarde
Liu Jie/Xinhua via Getty Images Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report that the U.S. economy added 190,000 more jobs on the month, which
The US Dollar falls further after ECB’s hawkish rate cut. Markets also see weekly Jobless Claims tick up The US Dollar Index barely above 104.00 after paring gains on Wednesday. The US Dollar (USD) edges lower on Thursday as markets see the the European Central Bank (ECB) issuing a policy rate cut by 25 basis points, though
The ECB cut rates but does not commit to a path of future rate moves: ECBs expects growth to pick up to 0.9% in 2024 vs 0.7% prev. Inflation forecast 2.5% in 2024 (vs 2.3% prev), 2.2% in 2025 (versus 2.1% prev) and 1.9% in 2026 (vs 1.9% prev). Growth forecast 1.4% in 2025 vs
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
As the bullion displayed volatility over the last few days, the August futures of the yellow metal opened 0.55% or Rs 396 higher at Rs 72,914 per 10 grams, while silver July futures opened at Rs 91,550/kg, 1.22% or Rs 1,106 higher. Gold and silver recovered from their lows amid interest rate cuts by the
Canadian Dollar remains the weakest performer for the week at this point. Yet, losses is so far contained, with the recovery after the brief selloff following BoC’s rate cut overnight. While further cuts are anticipated within the year, the likelihood of another immediate adjustment in July is currently seen as unlikely , with market odds
A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. Jakub Porzycki | Nurphoto | Getty Images DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an
In this article DLTR Follow your favorite stocksCREATE FREE ACCOUNT An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty Images Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close
Gold price advances to a two-week top amid the emergence of fresh USD selling. Rising Fed rate cut bets keep the US bond yields depressed and weigh on the buck. Traders look to the US jobless claims for some impetus ahead of the NFP on Friday. Gold price (XAU/USD) attracts some follow-through buying for the
The AUDUSD is lower on the day but did find support buyers near support at 0.6622. The bounce higher, however, has moved up to test the low of a cluster of moving averages between 0.66448 and 0.66545. As long as the price can remain below those moving averages, keeps sellers more in control. Overall, the
ABN AMRO analysts on the European Central Bank meeting today, are with the broad consensus expecting a 25bp rate cut. But express caution on the path after that, citing the recent data, for example, firm services inflation still prevalent: the probability of a July follow up rate cut has fallen further ECB will maintain a