The EURUSD is trading back higher in what has been an up-and-down trading day. The low in the US session moved down to test the low from late Friday and early Asian trading. Buyers leaned. The subsequent bounce has taken the price back up to and through the 100-hour MA and 38.2% at 1.0709 and
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Gold prices were steady on Tuesday and set for a third straight monthly gain, as market participants awaited the U.S. Federal Reserve policy decision and non-farm payrolls data due later this week for interest rate cues. FUNDAMENTALS * Spot gold was unchanged at $2,334.92 per ounce as of 0124 GMT. U.S. gold futures were down
Japanese Yen mounted a strong comeback in Asian session today after initial dip through 160 psychological support against Dollar. While the moves are exaggerated by today’s thin trading volumes due to public holiday in Japan, the strong rebound is marked by widespread squaring of short positions. Traders are clearly on guard against intervention by Japanese
The Japanese Yen struggles to build on the previous day’s solid recovery from a multi-decade low. The divergent BoJ-Fed policy expectations and a positive risk tone undermine the safe-haven JPY. The emergence of some USD buying provides an additional boost to the USD/JPY pair on Tuesday. The Japanese Yen (JPY) staged a strong intraday recovery
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. “All projects are moving full steam ahead,” Faisal Al Ibrahim told CNBC’s Dan Murphy on Monday at the World Economic Forum’s special meeting in Riyadh.
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year. Photographer: SeongJoon Cho/Bloomberg via Getty Images SeongJoon Cho | Bloomberg | Getty Images Samsung
The AUDUSD has traded higher for six straight days and is working on day seven. However, after rising in the Asian session today, sellers showed up near the key 100-day moving average. The 100-day moving average comes in at 0.6582. The high price reached just above that level at 0.6586 before rotating back to the
WTI crude oil daily It’s not clear how much political risk is currently priced into the oil market but we may soon find out. CNN reports that Hamas is considering a new framework proposed by Egypt that calls for the group to release as many as 33 hostages kidnapped from Israel in exchange for a
Amid a weakening rupee, gold prices on MCX for June futures contracts fell by Rs 275 or 0.38% to trade at Rs 71,225 per 10 grams on Monday while MCX May silver contracts were down by Rs 85 or 0.11% to Rs 80,595 per kg. A steady U.S. dollar also made bullion less affordable for
Yen is currently trading as the strongest currency for the day as the markets enter into US session. The earlier dip below 160 psychological support against Dollar spurred a wave of buying, propelling Yen sharply higher. However, subsequent trading has not shown clear follow-through momentum, indicating that the initial surge may have been more of
AUD/USD is in a short-term uptrend that is extending. The pair is pulling back within a rising channel. It will probably find support at the lower channel line and then resume its uptrend. AUD/USD extends its short-term uptrend as it trades in the mid-0.6550s on Monday. AUD/USD 4-hour Chartç The pair has formed a neat
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters Alphabet will report first-quarter earnings after the bell Thursday. Here is what analysts are expecting. Earnings per
The USD is moving to the upside, and in the process is shifting the technical bias more in the direction of the buyers. In this video I take a look at five of the major currency pairs including the EURUSD, USDJPY, GBPUSD, USDCHF, and USDCAD. EURUSD: The EURUSD is now below its 100 hour moving
USD/JPY surged above 160.00 earlier: While the trend in USD/JPY has been persistently higher, easily obliterating all the ‘lines in the sand’ that have been confidently talked about, today’s sharp move has been blamed on two main factors: stop loss buying around 160, which was a big round number barrier option triggers also circa 160
Gold prices edged down on Monday as a steady U.S. dollar made bullion less affordable for overseas buyers, while investors awaited further clues on when the U.S. Federal Reserve would deliver its first interest rate cut. FUNDAMENTALS * Spot gold fell 0.3% to $2,328.20 per ounce as of 0112 GMT. U.S. gold futures were down
The Japanese Yen dives to a nearly 40-year low amid relatively thin liquidity on Monday. The divergent BoJ-Fed monetary policy and a positive risk tone weigh heavily on the JPY. Intervention fears cap USD/JPY amid a modest USD downtick and overbought conditions. The Japanese Yen (JPY) remains under heavy selling pressure on the first day
Honeywell shares are under pressure Thursday, despite the industrial conglomerate exceeding expectations for first-quarter sales and earnings. The culprits: Softer guidance for the current quarter and some uncertainty about a recovery in some of its key businesses. Revenue for the three months ended March 31 totaled $9.1 billion, topping Wall Street expectations of $9.03 billion,