The price of WTI crude oil futures are selling at $72.73. That is up $0.11 or 0.15%. Looking at the hourly chart below, the price has been trending below its 100 hour moving average (blue line on the chart below) at $73.45 currently. Staying below that level kept the sellers more in control. The price
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Due on Friday at 0830 US Eastern time (0130 GMT), the Core PCE data is the focus. The Personal Consumption Expenditures (PCE) data is a key measure of inflation that tracks changes in the prices of goods and services purchased by consumers. It is reported monthly by the Bureau of Economic Analysis (BEA) and is
Gold prices hit a fresh high on Friday and were set for a fifth straight weekly gain, as market participants worried about U.S. tariff threats while awaiting a key inflation report to assess the Federal Reserve’s policy path. FUNDAMENTALS * Spot gold was up 0.1% at $2,795.92 per ounce, as of 0035 GMT, rising about
Apple defied the doom and gloom that had been building for weeks. Shares rose roughly 3% Thursday evening after the tech giant reported a slightly better-than-expected quarter. More importantly, guidance for revenue growth in the March quarter was much better feared. Revenue in Apple’s fiscal 2025 first quarter, which ended in December, grew 10% year-over-year
The US Dollar traded with a tepid downside bias amid lower yields and further investors’ assessment of Wednesday’s hawkish hold by the Federal Reserve, while the release of Friday’s PCE also prompted some caution. Here is what you need to know on Friday, January 31: The US Dollar Index (DXY) remained inconclusive below the 108.00
Euro is trading slightly higher following the ECB’s widely expected 25bps rate cut, though the move lacks strong momentum. In her post-meeting press conference, President Christine Lagarde reinforced the bank’s “gradual easing path”. She stated that a larger 50bps cut was not even considered today, making it clear that an aggressive rate-cutting cycle is off
U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized inflation-adjusted pace in the fourth
The USD/JPY moved lower during the early Asian session, breaking below a critical swing area between 154.77 and 154.967. It also dropped beneath the 38.2% retracement level of the December rally at 154.939, which shifted the bias further to the downside. During the European session, corrective price action encountered sellers near this resistance area. In
Prior was +2.2% Index 74.2 vs 79.0 prior Year-over-year, pending transactions declined 5.0% West lagged at -10.3% m/m The index is at the lowest since August. Some housing numbers have been surprisingly strong lately but this is a sign that high mortgage rates are problematic. Activity fell more sharply in the high-priced regions of the
Gold April futures contracts at MCX surged above the Rs 81k mark, making a new all-time high of Rs 81,1128/10 grams in Thursday’s intraday trade, gaining 0.31% or Rs 254. On Wednesday, the contracts for April delivery climbed Rs 199, or 0.2%, to hit a fresh peak of Rs 81,098 per 10 grams for the
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Microsoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday. The software giant topped Wall
USD/CAD attracts some dip-buyers on Thursday, though it lacks bullish conviction. The BoC’s dovish stance and bearish Oil prices continue to undermine the Loonie. Declining US bond yields keep the USD bulls on the defensive and cap spot prices. The USD/CAD pair rebounds over 40 pips from the intraday low and climbs to a fresh
Forex markets are trading with a mild risk-off tone in a relatively quiet day so far, with many Asian markets closed for Lunar New Year holiday. Safe-haven currencies, including Yen, Swiss Franc, and Dollar, are holding firm, while commodity-linked currencies are on the weaker side. However, there is little follow-through momentum, with traders hesitant to
Economy and Climate Action Minister and Greens Party chancellor candidate Robert Habeck arrives for the weekly federal government cabinet meeting on January 29, 2025 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images The German government on Wednesday slashed its gross domestic product forecast to just 0.3% growth in 2025. “The diagnosis
The USDCHF has eased slightly ahead of the FOMC rate decision, retreating below key resistance levels: the swing high at 0.9077 and the 200-hour moving average (MA) at 0.9068. Reclaiming these levels would shift the technical bias in favor of buyers. On the downside, the 100-hour MA at 0.9048, which was briefly broken yesterday, now
Appears a commercial jet struck a helicopter. A mid-air collision. Commercial Aircraft reportedly impacted a D.C. Police Helicopter. military Black Hawk helicopter Reports are still sketchy at this stage. Emergency services responding. All takeoffs and landings at Ronald Reagan Airport have been halted. I’m seeing some video clips of the incident and it looks very
– Oil prices were little changed in early trading on Thursday, as markets watched for tariffs by U.S. President Donald Trump on Mexico and Canada, the two largest suppliers of crude oil to United States. Brent crude futures rose 7 cents, or 0.1%, at $76.71 a barrel by 0122 GMT. U.S. crude futures climbed 17
Meta Platforms on Wednesday evening delivered a monster quarterly beat on everything from sales and earnings to cash flow and engagement. Revenue in the fourth quarter rose over 20% year over year to $48.4 billion, outpacing the $47 billion consensus estimate compiled by LSEG. Earnings per share in the three months ended Dec. 31 surged
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