GBPUSD sellers are making a play The GBPUSD fell earlier today. The BOE kept their policy rate unchanged today. However, as Justin pointed out in his posts after the decision, the Bank of England’s latest statement includes subtle dovish hints suggesting potential rate cuts in the near future. In the forward guidance, the BOE added,
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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
Gold prices were flat on Friday but were on track for their second straight weekly gain as weak economic data from the U.S. boosted expectations that the Federal Reserve would cut interest rates this year. FUNDAMENTALS * Spot gold was little changed at $2,358.31 per ounce, as of 0139 GMT. U.S. gold futures edged 0.2%
IMF Managing Director Kristalina Georgieva arrives at a briefing in Washington, D.C., on Friday, April 19, 2024. Bloomberg | Bloomberg | Getty Images The head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of its prized single market, lamenting what she described as a situation that makes the
In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While Darden itself hasn’t benefited from
US Dollar gets a boost from an increase in US Treasury yields on Thursday. Markets still show signs of caution as Fed officials express a conservative stance on embracing easing cycles. The mixed US economic outlook tempers upside in the Greenback. On Thursday, the US Dollar, as gauged by the Dollar Index (DXY), saw significant
Swiss Franc is currently the worst performer today, plummeting after SNB delivered a rate cut for the second consecutive meeting. In addition to the rate reduction, SNB lowered its inflation forecast across the board. Nevertheless, Franc’s selloff has been relatively restrained. Notably, SNB did not mention the recent sharp appreciation of the Franc in its
The AUDUSD earlier this week tested the low of what has been a fairly confined trading range between 0.6575 AND 0.66896 (see red box on the chart below), and then tested the high of that swing area both yesterday and today. So traders continue to trade the range by leaning on the downside and on
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
Gold prices for MCX August contracts opened on a flat note on Thursday at Rs 71,746 per 10 grams after falling by Rs 2,950 in the last one month while silver July contracts also fell by Rs 5,000 in the same period and opened Rs 775 or 0.87% higher today at Rs 90,250/kg. Gold rose
General view of the Bank Of England building in London. Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as “finely balanced” after U.K. inflation hit its 2% target. Markets nudged bets on an August
In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden’s same-store sales fell for the second consecutive quarter. For
Penny stocks, as they are called, are not really stocks that trade under $1 per share. The term generally refers to stocks trading below $5 per share. As any early investor in Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), NVIDIA (NASDAQ: NVDA) or other juggernauts will tell you, when you manage to correctly predict a future
British Pound held steady following release of UK data showing decrease in both headline and core consumer inflation for May. This development is unlikely to influence BoE decision tomorrow, where a rate hold is widely anticipated. Although BoE is expected to begin cutting interest rates soon, this plan has been delayed due to the unexpected
Fundamental Overview The USD last week saw a quick dip across the board following the soft US CPI report as the market priced back in two rate cuts by the end of the year. The moves were reversed soon after though as we got a bit more hawkish than expected FOMC decision where the dot
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
Gold prices edged higher on Thursday as lacklustre U.S. economic activity fuelled expectations that the Federal Reserve would cut interest rates this year. FUNDAMENTALS * Spot gold was up 0.2% at $2,331.38 per ounce, as of 0126 GMT. U.S. gold futures edged 0.1% lower to $2,345.00. * With recent data showing a moderation in the
Shoppers on the high street in the Kingston district of London, U.K. Bloomberg | Bloomberg | Getty Images U.K. inflation fell to the Bank of England’s target of 2.0% in May, the Office for National Statistics said Wednesday, in the last print of the key economic measure ahead of national elections in July. The headline