Share: USD/CAD remains flat around 1.3575 in Tuesday’s early Asian session. Fed’s Bostic said there’s no urgency to cut interest rates given the US economy’s strength. The BoC is expected to hold rates at 5% at its June meeting on Wednesday. The USD/CAD pair holds below the 1.3600 barrier during the early Asian trading hours
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The Maslak financial and business center in the Sariyer district of Istanbul. Ayhan Altun | Moment | Getty Images Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations. Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month. The combined
📈🚀 S&P 500 Futures technical analysis and leading scenario, my opinion of area 5170… And then watch out for bears 📉🐻🔻 See the below video with the latest technical analysis of the S&P 500 futures, right here on ForexLive.com In this analysis, we view the market from the December contract to March, uncovering a simple
As China gets set for its pivotal meetings this week, the Wall Street Journal writes about how a manufacturing export boom is “a classic recipe for falling prices.”‘ They warn that Beijing is looking to manufacturing and exports to boost the economy. It’s a sequel to the early 2000s boom that focused on cheap manufacturing.
Notwithstanding a minor correction, gold’s shine remained intact in Monday’s early trade amid hopes of an interest rate cut in June on the back of softer US economic data. The price of yellow metal in the international markets was at a two-month high while on the MCX, this bullion metal is trading at a three-month
Nikkei surges through 40k mark for the first time ever, standing out in an otherwise subdued Asian session. This index was propelled by Japan’s unexpectedly robust capital spending report for Q4, which significantly bolstered investor confidence. While the surge in capital expenditure may not directly sway BoJ’s immediate monetary policy decisions as wages growth remains
In this article TJX Follow your favorite stocksCREATE FREE ACCOUNT A HomeGoods shopping cart area in front of a T.J. Maxx store in Pinole, California, US, on Wednesday, May 3, 2023. David Paul Morris | Bloomberg | Getty Images TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to
Share: EUR/USD nudges higher. Economists at Scotiabank analyze the pair’s outlook. Narrower EZ/USD spread lifts EUR EUR/USD has been supported by narrowing spreads versus the USD in the past couple of weeks. A clearly dovish ECB may undermine that trend, and weigh on the EUR, but a hold and ‘no rush’ messaging may support a firmer
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TOKYO: Oil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer also added to pressure. Brent crude futures fell 22 cents, or 0.3%, to $83.46 a barrel by 0124 GMT. U.S. West Texas Intermediate crude
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT Getty Images Paramount Global missed revenue expectations for the fourth quarter Wednesday but posted a surprise quarterly profit and posted strong results from its streaming platform Paramount+. Here’s how Paramount performed in the fourth quarter compared to Wall Street estimates from LSEG, formerly known as
Share: Gold price holds positive ground near $2,085.55 in Monday’s early Asian session. The US ISM Manufacturing PMI came in worse than expected, dropping to 47.8 in February from 49.1 in January. Fed’s Bostic said the central bank would cut rates in the summertime if the economy evolves as he expects. Gold price (XAU/USD) rose
The USDCHF Is breaking to the upside and in the process is running away from a cluster of moving averages including its: 100-bar moving average on the four-hour chart at 0.87946, 100-hour moving average at 0.8798, and its 200-hour moving average at 0.8802. The price is also breaking above a ceiling going back to last
Nvidia is already the third-most-valuable company on the planet, trailing only Microsoft and Apple. It’s the undisputed leader in the production of chips essential for powering the generative artificial intelligence revolution. Companies are throwing as much money as possible at Nvidia in order to stockpile chips in datacenters that will churn out unique images, videos,
Spot gold rallied sharply Friday on disappointing US ISM manufacturing data (February) that showed that manufacturing orders, production, and employment contracted in February. University of Michigan’s consumer sentiment data was also short of forecast, though short-term and long-term inflation expectations were in line with the expectations. Gold prices rose to the highest in a month
In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT Frank Slootman, CEO of Snowflake, on the day of the company’s initial public offering on Sept. 16, 2020. CNBC Snowflake said Wednesday that CEO Frank Slootman, 65, is retiring, and will be replaced by former Google ad chief Sridhar Ramaswamy. The shares plunged 20% in
Share: EUR/USD vaults back into 1.0840 following market pivot. Market risk sentiment sees a late-week recovery on Friday. US Manufacturing PMI unexpectedly declines, sparking rate cut hopes. EUR/USD caught a bounce from 1.0800 after markets pivoted into a risk-on stance following Friday’s US ISM Manufacturing Purchasing Managers Index (PMI) declined, flubbing forecasts and stepping deeper
The EURUSD is moving to a new session and week low and in the process has broken back below a cluster of moving averages including the: 200-day moving average 1.08256 200- bar moving average on the 4-hour chart at 1.0820 100-day moving average 1.08134. The prices also moving below a swing area down to 1.08038.