Trading activity is relatively subdued today, with most major currency pairs and crosses hovering within the previous day’s range. Australian and New Zealand Dollars are showing some resilience, maintaining their position as the firmer currencies, albeit without significant momentum. Swiss Franc has also edged higher in the daily performance chart, benefiting a recovery against both
admin
Robert Habeck, German Minister for Economy and Climate Protection and Vice Chancellor, is pictured during the weekly meeting of the cabinet on February 21, 2024 in Berlin, Germany. Florian Gaertner | Photothek | Getty Images Germany’s gross domestic product is now expected to grow by just 0.2% this year, as the country wades in “tricky
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023. Edgar Su | Reuters Nvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long
Share: Gold price attracts some buyers for the fifth successive day amid modest USD weakness. Geopolitical risks benefit the safe-haven XAU/USD and remain supportive of the uptick. Elevated US bond yields cap any further gains ahead of the key FOMC meeting minutes. Gold price (XAU/USD) fails to break through the 50-day Simple Moving Average (SMA)
Today, the GBPUSD pair experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair’s momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair’s advance a week ago, leading to a
The firm also now expects the Fed to deliver just 75 bps of rate cuts this year, as opposed to the 100 bps in their previous forecast. On the change: “Given the upside surprises to both payrolls and inflation, we now expect the Fed to wait a bit longer before cutting rates, making its first
Gold traded in a tight range on Wednesday ahead of the release of the Federal Reserve’s FOMC minutes later today. Yellow metal’s recent uptick, where it has risen for four successive sessions, has been on a softer dollar index (DXY) which has fallen 0.70% over the past five sessions. The bias in gold was positive
New Zealand and Australia Dollar rise appreciably in Asian session today, buoyed by a significant rebound in stock markets of China and Hong Kong. This positive momentum is largely attributed to the ripple effects of China’s larger-than-expected interest rate cut earlier in the week. Hang Seng Index, in particular, showcased a robust increase of around
An Israeli national flag above produce for sale at Carmel Market in Tel Aviv, Israel, on Nov. 7, 2023. Bloomberg | Bloomberg | Getty Images Israel’s gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures. The contraction was significantly larger than expected, as analysts predicted a contraction of
In this article HSBA-GB Follow your favorite stocksCREATE FREE ACCOUNT Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Anthony Kwan | Bloomberg | Getty Images HSBC‘s full-year 2023 pre-tax profit missed analysts’ estimates on Wednesday, hit by impairment costs
Share: EUR/USD climbed above 1.0800 early Tuesday, testing the 1.0840 region. Broad market US Dollar sell-off props up the Fiber. Markets await Fed Meeting Minutes, EU PMIs. EUR/USD climbed to a two-week high just shy of 1.0840 on Tuesday after the US Dollar (USD) broadly fell before recovering in the US trading session after American
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
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
What has taken most market participants by surprise is the resilience of the US economy and labor market despite real rates being as high as they are at present. Until earlier this week it seemed like rate cuts were on the horizon, but the latest January CPI print indicates that the progress on inflation could
Canadian Dollar weakens broadly in early US session, sparked by data indicating a stronger-than-anticipated progress in disinflation. Headline CPI fell below the 3% mark, accompanied by significant easing in core inflation measures. This development potentially opens the door for BoC to consider an interest rate cut sooner than anticipated, with the second quarter now appearing
Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected in the second half of the year,
In this article PANW Follow your favorite stocksCREATE FREE ACCOUNT Nikesh Arora, Palo Alto Networks Adam Galica | CNBC Shares of cybersecurity company Palo Alto Networks plunged 19% in extended trading Tuesday, after the company reported a beat on the top and bottom lines but lowered its full-year guidance for revenue and billings. Here’s how
Share: NZD/USD could surpass the resistance level of 38.2% Fibonacci retracement at 0.6179. A break above the 0.6200 could prompt the pair test 50.0% retracement level of 0.6223. The pair could meet the support at the nine-day EMA at 0.6124 Technical analysis suggests a momentum shift towards an upward direction. NZD/USD continues to move on