New Zealand Dollar weakens broadly in Asian session today, reflecting market caution ahead the RBNZ decision later this week, on concerns of less hawkish than expected outcome. The selloff in Kiwi is also dragging down Australian Dollar some what, while Yen and Dollar found some room to recover from last week’s losses. At the same
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Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE. David A. Grogan | CNBC Berkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in its insurance business, while its cash pile expanded to record levels. The Omaha-based conglomerate posted operating earnings
Share: EUR/JPY finishes week with a 0.66% gain, reflecting persistent JPY softness against a backdrop of economic data. Technical analysis shows YTD high at 163.21, with support and resistance levels indicating potential upward momentum. Key technical levels outlined for potential reversals or further advances in the EUR/JPY pair’s trajectory. The EUR/JPY wraps up Friday session
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
SINGAPORE, – Oil prices fell on Friday after a U.S. Fed official said interest rate cuts should be delayed at least two more months. Brent crude futures were down 25 cents, or 0.3%, at $83.42 a barrel at 0212 GMT, while U.S. West Texas Intermediate crude futures were 25 cents, or 0.3%, lower at $78.36.
In this article MRNA Follow your favorite stocksCREATE FREE ACCOUNT Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a surprise quarterly profit, boosted by deferred revenue and cost cuts, even as the company saw slumping sales from its Covid vaccine, its only marketable product. The results cap a rocky year for the biotech
Share: Gold price surges, buoyed by a decline in US Treasury yields and optimistic market conditions. Risk-on mood prevails, yet Gold attracts investors, defying typical safe-haven asset trends. Market sentiment adjusts to Fed’s cautious stance with expectations of significant rate easing by year-end. Gold price resumes its weekly uptrend on Friday and is set to
The EURUSD yesterday had an up-and-down move yesterday. On the way down, the price moved back below the 200 bar MA on the 4-hour chart at 1.08367, the 200-day MA at 1.08246, but found support buyers at the 100-day MA at 1.08028. Buyers saved the day by leaning against the 100-day MA. Going forward, the
WTI crude oil weekly The oil market finished last week on an optimistic note, closing just below the $80 level and threatening to break to the highs since November. Alas, the dam didn’t break and oil has slumped back to $76.62, finishing at the lows of the week. For most of the shortened week, oil
Understanding seasonal trends is paramount for traders looking to capitalize on the dynamic nature of the precious metals market. In the context of MCX Gold and Silver trading, historical patterns offer valuable insights into periods of heightened demand and potential price movements. Let’s delve into the seasonal trends observed in the Indian market and explore
In this article RIVN LCID Follow your favorite stocksCREATE FREE ACCOUNT A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Justin Sullivan | Getty Images Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and
Share: EUR/USD continues to cycle north of 1.0800. European data confirms preliminary prints. Investors will have to wait until midweek for meaningful data. EUR/USD cycled on Friday, stuck in a near-term range between 1.0840 and 1.0810 as markets settle in for the weekend and gear up for the long wait for significant data. Fresh figure
In the dynamic world of stock trading, the NASDAQ Composite Index remains a focal point for investors and traders alike. With markets fluctuating based on a myriad of factors, understanding the technical landscape is crucial for those looking to navigate the waters of investment successfully. In this article, we distill the complex world of NASDAQ
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
Spot gold closed with a gain of 0.57% at $2036 Friday. The metal was up nearly 1% on the week. As per the macroeconomic data released Friday, China’s new home prices – 70 City Index (January) slid for the eighth consecutive month in January. Germany’s GDP contracted 0.30% in the 4Q as per the final
The past week marked a significant milestone in global financial markets, as major indices like DOW, S&P 500, DAX, CAC, and even Nikkei all reached new record highs, buoyed by the widespread euphoria surrounding artificial intelligence related sectors. This wave of optimism to eclipsed the recalibrated expectations that some major central banks, like Fed, would
In this article SQ Follow your favorite stocksCREATE FREE ACCOUNT Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block stock rose as much as 14% in extended trading
Share: The DXY exhibits mild daily gains in Friday’s session. The Federal Reserve’s measured approach alongside a robust labor market reduces expectations of rate cuts. The market expects no chance for a March rate cut and less than a 25% chance of a cut in May. Investors keenly await upcoming economic reports for further insights