This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6
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AUD/USD kicks off the new week on a positive note around 0.6632 on Monday. The US Durable Goods Orders came in better than expected; the UoM Consumer Sentiment Index was above the consensus. The hawkish stance of the RBA might support the Aussie in the near term ahead of Australian key data this week. The AUD/USD pair edges higher
The GBPUSD moved lower and to new week lows in the European trading session, but after testing is a 200-hour moving average, sellers turned to buyers and started a run to the upside. That move to the upside was helped by lower inflation expectations from the Michigan consumer sentiment report. Technically the price moved back
I posted the heads-up on this on Friday, including the early closing hours for Friday. Still to come, though, is the US holiday on Monday May 27 for Memorial Day All US stock and bond markets are closed on Memorial Day FX desks will be skeleton staff, if any. As for futures markets, its complicated,
Gold prices rose on Friday as the dollar slipped, but were headed for their worst week in five and a half months as hopes of interest rate cuts by the U.S. central bank tamed. Spot gold rose 0.2% to $2,332.77 per ounce as of 1:54 p.m. ET (1754 GMT) as the U.S. dollar index slipped
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT An exterior view of a Lowe’s home improvement store at the Buckhorn Plaza shopping center. Paul Weaver | Lightrocket | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey items. The home improvement retailer’s
The daily indicators remain in positive territory but somewhat flattened . The hourly charts reveal a temporary dip in the RSI and a MACD flattening, signaling a possible short-term consolidation. Pending bullish crossover between the 200 and 100-day SMA at 0.6040 could bolster the bullish momentum in future sessions. During Friday’s session, NZD/USD rose towards
The EURUSD sellers had their shot with the price moving below the 100-day MA yesterday and trying to stay below in the Asian session today. That move did not last as traders leaned against a swing area and the 100 bar MA on the 4-hour chart. Sellers turned to buyers and the price started to
UPCOMING EVENTS: Monday: UK/US Holidays, German IFO. Tuesday: Australia Retail Sales, Canada PPI, US Consumer Confidence. Wednesday: Australia Monthly CPI, Fed Beige Book. Thursday: Switzerland GDP, Eurozone Unemployment Rate, US GDP 2nd Estimate, US Jobless Claims. Friday: Tokyo CPI, Japan Retail Sales and Industrial Production, China PMIs, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Flash
Oil prices rose on Friday, but looked set for a weekly loss on lingering concerns that sticky inflation could lead to high interest rates for a longer period and curb fuel demand. The Brent crude July contract rose 74 cents to $81.85 a barrel as of 11:53 a.m. ET (1553 GMT). The more-active August contract
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT A customer shops at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items. The
DXY Index is trading at 104.7, showcasing 0.35% losses but will close the week with mild gains. Durable Good orders from the US came in higher than expected but didn’t trigger movement from Greenback. Fed maintains cautious stance on premature easing, hinting at lower chances for swift interest rate cuts which cushions the USD. The
Crude oil futures trade between the 100 and 200 week MAs Crude oil futures are trading up around one dollar on the day at $77.85 (up 1.25%). The low price today extended down to $76.18. That was the lowest level going back to February 26. This week, the price is currently down $-1.62 or minus
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 recorded its worst weekly slump this year in the week ending May 24 on hawkish FOMC minutes and robust US PMIs. Now, markets largely look for just one rate cut this year as traders readjust their rate expectations in the wake of the US data and the Fed’s stance. Spot gold closed with a
Last week, global financial markets were heavily influenced by evolving expectations surrounding central bank monetary easing paths and unexpected political developments. British Pound emerged as the most significant gainer, buoyed by fading expectations of an immediate BoE rate cut in June. This shift was precipitated by latest inflation data and compounded by the UK government’s
Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City. Michael M. Santiago | Getty Images Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates. A batch of
TJX Companies shares climbed to an all-time high Wednesday after reporting better-than-expected fiscal first-quarter results Wednesday. The report showcased the off-price retailer’s appeal to bargain-hunting shoppers and prompted us to boost our price target on the stock. Total revenue for the three months ended May 4 advanced 6% year over year, to $12.48 billion, exceeding