Mexican Peso recovers slightly, breaking three-day losing streak. Mexico’s wider April trade deficit and slower economic growth are reported by INEGI. Banxico minutes show division on rate cuts amid ongoing inflation, emphasizing commitment to price stability. US Durable Goods Orders beat expectations, but March’s figures are revised down heavily. The Mexican Peso snapped three days
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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 week comes to a close, the CAD is ending the day as the strongest of the major currencies. The CHF is the weakest. The USD is mostly lower with modest gains vs the JPY and CHF. The CAD moved higher despite lower than expected retail sales in March. However, the estimate for April
Oil prices crept higher on Friday, having been under pressure from lingering concerns that sticky inflation could prolong higher interest rates and curb fuel demand. The Brent crude July contract was up 41 cents to $81.77 a barrel by 1351 GMT. The more-active August contract was also up 41 cents at $81.52. U.S. West Texas
Euro rebounded notably today despite the absence of substantial news from Europe. Sterling followed suit, shrugging off poor UK retail sales data. Conversely, Dollar ignored upbeat durable goods data and weakened alongside Yen and Swiss Franc. Commodity currencies displayed mixed performance. It appears that traders are lightening up their positions ahead of the long weekend
People walk in the rain over the London Bridge in central London on March 12, 2024. Lucy North – Pa Images | Pa Images | Getty Images LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday. Economists polled by Reuters expected a
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street was bouncing higher Friday after, as Jim Cramer put it, a “really bad day” in the prior session. Thursday’s late-day decline happened as bond yields rose on
GBP/USD Forecast: Pound Sterling could stretch lower while it remains below 1.2700 GBP/USD closed in negative territory on Thursday and snapped a four-day winning streak. After touching its lowest level in a week below 1.2680 in the early European session on Friday, the pair recovered to the 1.2700 area. The UK’s Office for National Statistics
Crude oil futures are settling at $76.87. That is down $-0.70 or -0.90%.. The low price reached $76.46. The high price reached $78.63. At session highs the price stayed below it’s 100 day-moving average (blue line). At session lows the price did break below the March 11 low at $76.82, the May 8 low at
Barclays notes that markets had “reacted to slightly softer US data in May, as seen in outsized moves to PPI, CPI, and retail sales, with bonds rallying and stocks reaching new highs”. As such, “this will likely trigger more rebalancing needs to sell dollars at month-end”. Adding that “although the broad rally extended to other
Amid rising treasury yields and some profit booking, gold prices on MCX for June futures contracts fell Rs 126 or 0.18% to trade at Rs 71,451 per 10 grams while MCX July silver contracts were up Rs 154 or 0.17% to Rs 90,591 per kg. Gold is experiencing its biggest weekly decline this year after
Dollar’s rebound is gathering momentum, as fueled by yesterday’s data indicating a resurgence in the services sector, which could impede disinflation progress. While fed fund futures still reflect over 50% probability of a rate cut in September, there is now a 0.6% chance of a rate hike—an occurrence not seen for quite some time. Currently,
The war between Russia and Ukraine — both major producers of food commodities and energy — has disrupted global production, trade and supply in these areas, leading to a surge in prices. Solstock | E+ | Getty Images LONDON — U.K. inflation came in hotter than expected with a drop to 2.3% in April, the
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty Images Nvidia reports fiscal first-quarter earnings on Wednesday after the bell.
EUR/USD eases lower as risk-off flows bolster the Greenback. A spike in US Services PMIs reignite fears of sticky inflation. Fed rate cut hopes hinging in easing services inflation stumble. EUR/USD headed lower on Thursday, driven closer to the 1.0800 handle after an unexpected upswing in US Services Purchasing Managers Index (PMI) figures sparked renewed
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
The North American session started with the USD as the weakest of the major currencies. And then US initial jobless claims came in better than expected – moving back to 215K. That took the concern of employment from a few weeks ago when the number suddenly spiked to 231K back out of the equation. Jobs
Gold fell to more than a week’s low on Thursday, extending its decline for a third straight session, as investors grew apprehensive over U.S. rate cut timings and on strength in U.S. business activity. Spot gold fell 1.4% to $2,346.07 per ounce, its lowest since May 14, as of 1557 GMT. The non-yielding bullion hit