The banking worries in the US this week were triggered by: New York Community Bancorp cutting its dividend on higher capital rules and commercial strain A Japanese bank reporting unexpected losses on US commercial real estate Deutsche Bank highlighting losses on US commercial real estate Despite all the economic data this week, it was those
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Despite gold prices reaching new highs in 2023, silver – which is often called the sister metal of gold ended flat in the international markets. It started well in the first quarter, but multiple catalysts affected its fundamental outlook and suppressed prices in a tight range throughout the previous year. But in the domestic market,
This past week in the financial markets has been nothing short of a rollercoaster, with Dollar clinching the title of the strongest currency amidst considerable volatility. The narrative that dominated was the dissipating likelihood of a March rate cut by Fed. But at the same time, investor sentiment took an unexpectedly optimistic turn, propelling stock
In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT A Chevron gas station sign is shown on October 23, 2023 in Austin, Texas. Brandon Bell | Getty Images Chevron said its fourth-quarter profits fell sharply from a year ago, weighed down by a number of impairment charges, but the second largest U.S. oil company
Share: The DXY rose by more than 0.80% to 103.90 on Friday US Nonfarm Payrolls came in higher than expected for January. US bond yields are sharply increasing as markets push to May the start of the easing cycle. The US Dollar (USD) rose to 103.90 on Friday’s Dollar Index (DXY) chart, mainly fueled by
3 Best Pullback Strategy Today in this advanced episode we are diving into various pullback types, trading strategies, and price actions associated with pullbacks that you might encounter in the market. But that’s not all– we’ll break down the key criteria and rules that elevate a pullback to a high-probability trade. Let’s Get connected: https://linktr.ee/smart_risk
For those who have seen my daily posts/videos on the GBPUSD (any of them), the pair has been trading in an up-and-down trading range going back to December 14. That range is between 1.2600 and 1.2800. Today, the price moved sharply lower after the stronger US jobs report, and the price move to a lower
The week ended with a bang as the US jobs data came much stronger than expectations. Non-farm payroll rose by 353K much higher than the 180K estimate (and the ADP rise of 107K released earlier this week). T Unemployment rate came in at 3.7% versus 3.8% expected Average yearly earnings rose by 0.6% versus 0.3%
The value of Edelweiss Mutual Fund’s Gold and Silver Exchange Traded Fund (ETF) Fund of Fund (FoF) unexpectedly plunged 6.93% on Thursday. The fund house said the drop in the Net Asset Value (NAV) of scheme, which invests 50% of its corpus each in Gold and Silver ETFs, following an erroneous trade in the Gold
In a week crowded with high-profile events like FOMC rate decision overnight and the upcoming BoE meeting today, Japanese Yen is surprisingly stealing the show as the star performer in the currency markets. This rally in Yen’s can be attributed to the significant drop in global benchmark treasury yields, driven by renewed flight to safety
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held
In this article XOM Follow your favorite stocksCREATE FREE ACCOUNT An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Bloomberg | Bloomberg | Getty Images Exxon Mobil reported quarterly earnings that beat Wall Street’s expectations, but the company’s profit declined significantly from same period the year prior as oil prices
Share: In January, the Mexican Peso (MXN) weakened from 16.97 to 17.17 against the US Dollar (USD). Economists at MUFG Bank analyze Peso’s outlook. MXN weakening path ahead Ms. Claudia Sheinbaum from the Morena party is favourite to win the presidential election scheduled on 2nd June, benefitting from the high approval rating of incumbent president
The USDJPY has raced higher on the back of the stronger US jobs report this morning, and in the process took out technical levels including a downslope trendline at 147.837, and swing highs for the week including the Monday high at 148.32. The price rise has moved to another swing area between 148.449 and 148.59
FTSE 100 weekly Closing changes on the day: Stoxx 600 flat German DAX +0.2% UK FTSE 100 -0.1% French CAC flat Italy MIB +0.1% Spain IBEX +0.4% UK stocks finished at the lows of the day. This market likes big tech companies, not banks and grocery stores. On the week: Stoxx 600 -0.4% German DAX
The Indian bullion market was disappointed with nothing for it in the interim budget against a long wishlist which included reducing import duties and Goods & Service tax (GST). Both gold and silver futures fell in the early trade in the domestic markets notwithstanding gains in the international markets. While the MCX April gold futures
Dollar is staging a significant rebound in early US session, fueled by unexpectedly robust Non-Farm Payroll data. This surge was mirrored by a sharp increase in 10-year treasury yield, which is on the verge of reclaiming 4% handle. Conversely, stock futures took a downturn in response to the revelations from the labor market. January’s NFP