Share: GBP/USD lacked momentum on Tuesday. US data missed the mark, traders await US GDP. US PCE inflation also due this week for Fed watchers. GBP/USD cycled around 1.2680 on Tuesday as markets look for a fresh push from the Federal Reserve (Fed) with investors steadily pushing away from elevated rate cut bets. US Gross
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USDJPY extends to new highs The USDJPY is moving to a new session high and in the process is extending above a swing area between 150.718 and 150.774. The next target comes against the high price from 2024 which was reached on February 13 at 150.88 (see chart above). Get above that level and traders
It’s been a quiet one in Europe as traders seem content to sit on their hands so far this week. It’s been a case of markets getting caught in a lull amid a lack of key economic data releases. And not even the usual month-end messiness is able to breathe life into things over the
Oil prices ticked up in early Asian trading on Monday, extending gains for the third straight day, as shipping disruptions spurred supply worries. Brent crude futures rose 16 cents, or 0.2%, to $82.69 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures (WTI) climbed 15 cents, or 0.2%, to $77.73 a barrel.
Japanese Yen found modest strength in Asian session today, lifted by stronger than expected consumer inflation data from Japan. At the same time, two-year yield climbed to its highest point since 2011 while Nikkei is steady. The data intensified speculations around BoJ’s move to abandon its negative interest rate policy. Almost all economists are expecting
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1
In this article U Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Unity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter. Here’s how the company did: Earnings per share: Loss of 66 cents. The results may not
Share: US stock index futures trade marginally higher following Monday’s choppy action. January Durable Goods Orders data will be featured in the US economic docket. Stock markets could react to US PCE inflation figures later in the week. S&P 500 futures rise 0.10%, Dow Jones futures are unchanged, and Nasdaq futures gain 0.19% ahead of
Share: USD/CAD continues Friday’s thin drift near the 1.3500 handle. Canada wholesale trade likely fell 0.6% in January. US New Home Sales rose 1.5% vs 7.2% previous, Durable Goods due tomorrow. USD/CAD is stuck in a slow drift near 1.3500 as markets gear up for the week. Economic data remains thin on Monday, and traders
Target range The Reserve Bank of New Zealand will meet and announce their rate decision on Wednesday morning in New Zealand (8 PM ET in the US. The expectations are for central bank to keep rates unchanged but to keep the door open for potential tightening in order to bring inflation back down toward 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
Gold prices inched down on Monday, pressured by a firmer dollar, while investors awaited further clues on the U.S. Federal Reserve‘s timing of this year’s first interest rate cut. FUNDAMENTALS * Spot gold was down 0.3% at $2,030.9 per ounce, as of 0100 GMT. U.S. gold futures edged 0.4% lower to $2,040.6 per ounce.* The
The global financial markets are overall very quiet today, marked by a noticeable absence of significant economic data releases or impactful news. Euro emerges as the frontrunner, leading European majors higher, while Yen sees a slight dip in anticipation of Japan’s CPI data set to be released tomorrow. Commodity currencies are on the weaker side,
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT JPMorgan Chase CEO Jamie Dimon thinks there’s a better-than-even chance that the U.S. is heading for a recession, though he doesn’t see systemic issues looming. Speaking Monday from the JPMorgan High Yield and Leveraged Finance Conference in Miami, the head of the largest U.S. bank
In this article ZM Follow your favorite stocksCREATE FREE ACCOUNT Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom shares rose as much as
Share: The Pound Sterling (GBP) has performed surprisingly well over the past few weeks. Economists at Commerzbank analyze GBP outlook. Slightly better outlook, but no reason to cheer yet There are early signs that progress is being made on inflation. But the all-clear cannot be given just yet. The fact that the BoE has a
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 traded in the red in the early trade on Monday dragged by an uptick in the dollar index (DXY), which is still hovering around the 104 mark against a basket of six major currencies. The DXY was up 0.06 points or 0.06%. It has depreciated by 0.24% over the last five sessions. Taking cues