Gold prices edged up on Friday and were on track for a fourth straight monthly gain, while investors awaited a key U.S. inflation reading that could provide further insights into the Federal Reserve‘s policy path. FUNDAMENTALS * Spot gold was up 0.2% at $2,346.18 per ounce, as of 0141 GMT. Bullion prices are up 0.5%
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Euro surges broadly today after Eurozone inflation data showed larger than expected re-acceleration in May. While this increase doesn’t shift the consensus that ECB will proceed with a rate cut next week, it significantly dampens any remaining expectations for a subsequent cut in July. Market speculation now leans towards the possibility of only two ECB
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve. The personal consumption expenditures price index excluding food and energy costs increased just 0.2% for the period, in line with the Dow
In this article CRM MDB Follow your favorite stocksCREATE FREE ACCOUNT MongoDB CEO Dev Ittycheria. Scott Mlyn | CNBC MongoDB stock sank as much as 25% in extended trading on Thursday after the database software maker issued light guidance for the quarter and reduced its forecast for the full fiscal year. Here is how the
Core PCE data from the US shows monthly inflation arriving below expectations. Downwardly revised consumer spending data and Q1 GDP growth earlier in the week worry traders. UiPath and Salesforce plunge on reduced growth. Dell, MongoDB, CrowdStrike suffer from pessimism regarding guidance. A number of premier tech stocks have cascaded lower late this week, providing the NASDAQ
Fundamental Overview The USD got a boost from the strong US Consumer Confidence data which triggered an aggressive rise in long term Treasury yields. The report however just showed that the labour market remains resilient which is good news for growth and not necessarily bad news for inflation. The greenback benefited also from the risk-off
After some back and forth action, the pair was more or less flat as we got into European trading today. Sellers wrestled back some momentum amid a drop in bond yields yesterday but today, we’re seeing buyers return the favour in erasing most of the decline from the day before: USD/JPY hourly chart The minor
Ahead of the US personal consumption expenditure data, gold August futures on MCX opened flat at Rs 72,100, down by 0.16% or Rs 116 while silver July contracts opened lower by Rs 1,077 or 1.14% at Rs 93,046. Gold and silver showed mixed trends in the international markets after the U.S. GDP data came as
Dollar continues its struggle to find direction, and stay in familiar range against most major currencies except against Swiss Franc. Markets shift their focus to the upcoming release of April US PCE data for guidance. Currently Fed fund futures are indicating a 50/50 chance of a rate cut by September. Recent comments from Fed officials
Costco Wholesale ‘s third-quarter earnings topped Wall Street expectations on Thursday, driven by higher sales and lower-than-expected operating expenses. Even with a recent C-Suite transition, Costco delivered a business-as-usual quarter, as members flocked to its warehouses in search of quality merchandise at value prices. Total revenue in its fiscal 2024 third quarter increased 9.1% year
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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
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 prices held largely steady on Thursday following the release of U.S. economic data and ahead of crude stockpiles data. Brent futures were down 37 cents, or 0.44%, to $83.23 a barrel as of 1410 GMT, while U.S. West Texas Intermediate (WTI) crude fell 22 cents, or 0.28%, to $79.01. Both benchmarks are headed for
As US session commences, Swiss Franc and Japanese Yen are trading as the day’s strongest currencies, fueled by risk aversion in US markets. While major European indices exhibit only modest fluctuations, US futures indicate notably lower opens, reinforcing the cautious sentiment among investors. Swiss Franc’s additional strength can be traced to comments made by outgoing
People shop at a supermarket in Montebello, California, on May 15, 2024. Frederic J. Brown | AFP | Getty Images Inflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to show more of that creeping progress. The Commerce Department’s measure of personal consumption expenditures prices
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT A Citibike docking station outside the Nordstrom flagship store in New York, US, on Wednesday, Feb. 21, 2024. Bing Guan | Bloomberg | Getty Images Nordstrom on Thursday fell short of Wall Street’s quarterly earnings expectations, as its off-price chain Rack outperformed the rest of
The Mexican Peso is at risk of reversing its long-term uptrend. Several analysts say MXN has peaked and is on the way down. Negative fundamentals include the Mexican and US presidential elections and a narrowing MXN-supportive interest-rate differential. The Mexican Peso (MXN) makes up earlier loses to trade about flat in its key pairs during the US session on