Share: The US Dollar trades softer across the board on Wednesday. US Federal Reserve Chairman Jerome Powell is heading to Capitol Hill for his semi-annual testimony. The US Dollar Index snaps an important support, looking bleak ahead of the ECB decision and NFP data. The US Dollar (USD) is facing some firm selling pressure on
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The USDJPY pair experienced a downturn, signaling a shift towards a bearish momentum in today’s trading session. Despite this decline, the currency pair found some support at a critical swing area near 149.70, which prevented further losses and led to a modest bounce. This level has proven to be a pivotal point for the pair,
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 surged to their lifetime highs amid a higher probability of the US Federal Reserve starting to cut interest rates from June, while geopolitical concerns supported the gains. On the MCX, the April futures of gold jumped more than ₹800 per 10 grams to cross the ₹65,000 mark on Tuesday. Prices were higher for
Market sentiment was clearly mixed in Asian session today, highlighted by Nikkei’s remarkable resilience and Hong Kong’s stocks’ downturn. The day commenced with Nikkei momentarily succumbing to profit taking pressure, dropping below 40k mark after Tokyo’s CPI was reported to have risen to 2.5%. This initial dip, however, was short-lived as the index swiftly recaptured
In this article CRWD Follow your favorite stocksCREATE FREE ACCOUNT George Kurtz, co-founder and CEO of CrowdStrike, speaks at the Wall Street Journal D.Live global technology conference in Laguna Beach, California, on Oct. 17, 2017. Patrick T. Fallon | Bloomberg | Getty Images CrowdStrike shares surged as much as 17% in after-hours trading Tuesday, after
Share: Australia’s Gross Domestic Product (GDP) grew 0.2% in the fourth quarter of 2023 compared with the 0.3% growth in Q3, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in below expectations of 0.3%. The annual fourth-quarter GDP expanded by 1.5%, compared with the 2.1% growth in Q3 while beating estimates of a
The strongest to the weakest of the major currencies As the North American session begins, the JPY is the strongest and the AUD is the weakest. The USD is mostly higher but with relatively modest gains. In Europe, PMI services data was released with mixed results. Below are the summary of that data: Spanish Services
ISM services The theme so far in 2024 has been the dominance of economic data. Each release re-calibrates Fed expectations and all the market pricing that’s built around it. A great example was on Friday when a series of soft second-tier data led to a slump in the US dollar and declining Treasury yields. Rates
Gold prices on Tuesday surged Rs 800 to hit a fresh record high of Rs 65,000 per 10 grams in the national capital amid strong global trends, according to HDFC Securities. In the previous close, the precious metal had closed at Rs 64,200 per 10 grams. Silver also rallied Rs 900 to Rs 74,900 per
The picture is pretty much the same through Asian and early part of European session, with the Australian and New Zealand Dollars, alongside the Canadian Dollar, persisting as the day’s underperformers. Swiss Franc has also found itself under pressure, particularly against its European counterparts, aligning with the commodity currencies in their struggle. Conversely, Yen and
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT The Target logo is seen on its store on 42nd Street in Times Square, New York City. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Target will report its holiday-quarter results and year-ahead outlook on Tuesday. Here’s what Wall Street analysts surveyed
Share: Natural Gas prices are jumping higher in both the European and US futures markets. US gas exports declined at the end of February, while some US producers are cutting output. The US Dollar Index trades around 104.00 ahead of Super Tuesday and US PMI numbers. Natural Gas (XNG/USD) trades in the green for a
The NASDAQ index has now joined the S&P index in positive territory as the day works toward the final hour of trading. The index is currently at 3.65 points or 0.02% at 16277. A positive close would be a record close for the index. NASDAQ index is on pace for a record close Meanwhile, the
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
The Reserve Bank of India has banned the stock exchange listed IIFL Finance from sanctioning and disbursing new gold loans immediately, according to a statement issued by the regulator on Monday. In a strongly worded statement, the RBI has said that IIFL Finance to ‘cease and desist with immediate effect from sanctioning and disbursing gold
Swiss Franc bounced briefly earlier today, following release of slightly stronger than expected Swiss CPI data, only to see those gains quickly dissipate. With inflation levels persistently below SNB target, market consensus continues to lean towards an interest rate cut within the year, with September eyed as the probable month for the first reduction. However,
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year. Hannah Mckay | Reuters LONDON — Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday. Heading into what will