Fundamental Overview The USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to growth. This triggered a positive risk sentiment which is generally negative for the greenback and benefited the other major currencies. The EUR, on
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Sustaining near its all-time high levels, June gold futures opened flat on Wednesday at Rs 73,930 per 10 gram, down by Rs 91 or 0.12%, while silver July contracts were down by Rs 419 or 0.44% at Rs 94,306/ kg.Gold stayed near its record high for the second day as traders awaited signals on US
New Zealand Dollar surged sharply higher following RBNZ’s unexpectedly hawkish rate decision. While OCR was left unchanged, the central bank signaled the increased possibility of another rate hike this year and delayed projected timing of the first rate cut to the second half of 2025. However, Kiwi quickly gave back some of its gains after
In this article M Follow your favorite stocksCREATE FREE ACCOUNT The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Macy’s department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that
Silver is up 0.47%, just below Monday’s eight-year high of $32.51. Strong upward momentum continues; RSI suggests further gains possible despite overbought conditions. Resistance levels at $32.51, $33.00, and October 2012 high of $35.40. Supports at May 20 low of $30.95, April 12 high of $29.79, and $28.00 psychological level. Silver’s price advanced 0.47% on
The USDCHF has had its upsa and downs today (and this week), with the buyers now making a play after holding support at the 100 bar MA on the 4-hour chart at session lows today. The ability to hold that support and them push above the 50% retracement of the May trading range, has given
For the second consecutive day, there were no economic releases in the US. Instead, Fedspeak was the only fundamental influence and even so, what was said, was not all that different from prior Fed officials At the end of the day five of the seven major currency pairs – the EURUSD, GBPUSD, USDCHF, AUDUSD and
Oil prices dropped by more than $1 on Tuesday, extending losses on the potential for lingering U.S. inflation to keep interest rates higher for longer, depressing consumer and industrial demand. Brent crude futures fell by $1.54, or 1.8%, to $82.17 a barrel by 1210 GMT. U.S. West Texas Intermediate crude (WTI) futures for June, which
Canadian Dollar sees a broad decline in early US session due to growing speculation about rate cut by BoC in the near future. April’s headline CPI slowed as expected, despite a significant increase in gasoline prices. Core inflation measures also showed more progress in disinflation than anticipated. While it remains uncertain if this progress will
A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20, 2024. Bloomberg | Bloomberg | Getty Images LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate
In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT Aytac Unal/ | Anadolu | Getty Images Shares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024. Trump Media,
Gold price is correcting lower after touching an all-time high of $2,450 on Monday. Acute bearish divergence on the daily chart could indicate a deeper correction may follow. The pullback appears to be driven by central banks communicating a reluctance to lower interest rates. Gold price (XAU/USD) retreats to the $2,410s on Tuesday as commentary
Fundamental Overview The USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to growth. This triggered a positive risk sentiment with risk assets like stocks and bitcoin gaining ground. Such an environment is generally negative for
This is a market that is waiting to get its fix. And that fix lies in big data. In between those events, it’s a really dull one and today is no different. Once again, major currencies are lacking any real appetite with dollar pairs keeping within 0.1% change to one another. The ranges outlined below
Amid the strong US dollar and possibility of higher for longer rates in the US, MCX for June futures contracts fell Rs 629 or 0.85% to trade at Rs 73,738 per 10 grams while MCX July silver contracts were down Rs 1,806 or 1.9% to Rs 93,461 per kg. Gold is up 18% this year,
Australian Dollar weakened broadly during Asian session as its recent rally lost momentum. Despite RBA minutes revealing that a rate hike was considered earlier this month, which should have been supportive for the Aussie, this positive sentiment was countered by weak consumer sentiment readings. Additionally, Aussie seemed to be weighed down by a pullback in
Another earnings report, another sell-off in extended trading for Palo Alto Networks . But like the two releases preceding Monday night’s results, we’re looking at the decline as buying opportunity for long-term investors. Revenue during the cybersecurity company’s fiscal 2024 third quarter increased 15% year over year to $1.985 billion, beating the consensus estimate of