A attendee walks past a banner with a Grab logo before a bell-ringing ceremony as Grab begins trading on the Nasdaq, in Singapore, on Thursday, Dec. 2, 2021. Ore Huiying | Bloomberg | Getty Images SINGAPORE — Grab posted its first-ever profitable quarter, raking in $11 million in profit, the Southeast Asian ride-hailing giant said
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Share: Another solid print from the weekly report of the US labour market lent extra support to the Fed’s tighter-for-longer narrative, although the move in the Greenback was limited. Furthermore, room to the Greenback and sponsored a broad-based knee-jerk in the risk-complex, while the generalized upbeat flash readings from PMIs initially bolstered a spike in
Crude oil trades above the 100 hour MA The price of crude oil has moved to a new session high. That level is now reached $77.89, and in the process has moved above the 100-hour moving average at $77.52. Stay above that moving average would tilt the bias more to the upside at least in
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 edged up on Thursday supported by safe-haven demand amid rising geopolitical tensions in the Middle East and a softer dollar, while minutes of the latest U.S. Federal Reserve meeting dampened hopes for an early interest rate cut. FUNDAMENTALS * Spot gold was up 0.1% at $2,026.9 per ounce, as of 0100 GMT. U.S.
Global financial markets are currently basking in a robust wave of risk-on sentiment, evidenced by Japan’s Nikkei and Europe’s Stoxx 600 indices reaching new record highs. The optimism is further bolstered by promising US futures, with the technology sector leading the charge, significantly propelled by Nvidia’s impressive results. This surge in tech enthusiasm is largely
Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday. Ismail Ferdous | Bloomberg | Getty Images Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive months of hikes. The move was widely expected as the bank indicated
Rain falls over the finance district and the European Central Bank (ECB) in Frankfurt, Germany. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday reported its first annual loss since 2004, following hefty payouts due to higher interest rates. It reported losses of 1.3 billion euros ($1.4 billion), which would
Share: FOMC January minutes showed no hurry to cut rates. Economists at ING analyze the US Dollar (USD) outlook after the event. FOMC minutes suggest the Fed is in no rush In a quiet week for the US events calendar, Wednesday’s release of the January FOMC meeting minutes served as a reminder that the Fed
USDJPY moves to new session highs The USDJPY is moving to new at session highs, and in the process as extended above the swing area between 149.70 and 150.158. Yields in the US have turned around and are now higher on the day. The two year yield is at 4.642% up 3.0 basis points. 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 rose marginally on Thursday, buoyed by a weaker dollar and escalating tensions in the Middle East, while investors await more U.S. economic data that could shed light on the Federal Reserve‘s interest rate outlook. The April gold futures were trading at Rs 62,150 per 10 grams on the MCX at 10:13 am and
Japanese Yen had a broad-based declined in Asian session today, while Nikkei extended its recent up trend, momentarily reaching a new record high, ending the 34-year wait. This milestone is of considerable psychological significance for Japan, symbolizing the end of over three decades of economic stagnation ensued after the burst of the country’s stock and
An Airbus A340-313, operated by Universal Sky Carrier is landing at night in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images LONDON — Rolls-Royce shares jumped more than 8% on Thursday after the British aerospace group more than doubled its annual profits in 2023 and forecast further momentum this year. Rolls-Royce, which manufactures jet engines
Share: On Wednesday afternoon in the US, the atmosphere was tense as traders, investors, and speculators awaited the quarterly results from what was dubbed by many the “most important stock on planet Earth” – Nvidia. The anticipation was palpable, with many feeling that the market’s fate hung in the balance pending Nvidia’s earnings report. (
The Nasdaq index is tracking toward the 38.2%/200H MA. The tech-heavy NASDAQ index is trading near session lows. Those laws came in at 15495.54. The current price is trading at 15504, down -127.30 points or -0.81%. Looking at the hourly chart, the price is approaching the 38.2% retracement of the 2024 trading range. That level
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 held steady on Wednesday, helped by a slightly weaker dollar as investors looked forward to minutes of the last U.S. Federal Reserve policy meeting due later in the day for more clarity on its interest rate path. FUNDAMENTALS * Spot gold was flat at $2,024.00 per ounce, as of 0100 GMT. U.S. gold