Range trading continues in most major pairs and crosses for the week so far. Dollar’s selloff was relatively short-lived overnight, as US stocks retreated rather deeply after initial rally. There is sign of profit-taking in equities, which could curb any selling pressure in the greenback in the near term. However, Dollar’s next move remains contingent
admin
The economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced, increased at a 3.3% annualized rate
In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that
Share: Mexican Peso drops 0.08% amidst US economic data showing continued growth and mixed signals from Mexico. Strong US GDP growth for Q4 2023 and stable Durable Goods Orders could impact Fed’s rate decisions, contrasting with a cooling labor market. In Mexico, a lower unemployment rate and rising inflation pose challenges for Banxico’s policy direction.
The EURUSD moved lower on the back of the ECB rate decision and the press conference from ECBs Lagarde. In the process, the pair moved below the 200-day MA at 1.08432 and toward a key swing between 1.08038 to 1.08243. Move below that level and traders will be looking toward the 50% of the move
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 edged higher on Thursday as Treasury yields fell after US GDP data highlighted that pace of inflation fell, while focus shifted to PCE data for further hints on the Federal Reserve’s interest rate cut strategy. Spot gold rose 0.5% to $2,022.84 per ounce by 10:14 a.m. ET (1514 GMT). U.S. gold futures rose 0.4%
Commodity currencies bounce in early US session, spurred by unexpectedly robust US GDP data that has invigorated stock futures. This surge in risk appetite is exerting some pressure on Dollar, although the impact remains relatively contained for the moment. The sustainability of this risk-on sentiment is still in question, which will be critical for the
European Central Bank President Christine Lagarde looks on as she attends the European Parliament’s Committee on Economic and Monetary Affairs, at the European Parliament, in Brussels, Belgium September 25, 2023. Yves Herman | Reuters President Christine Lagarde on Thursday said she was “proud and honored” to leead the European Central Bank, after her leadership was
In this article LUV BA Follow your favorite stocksCREATE FREE ACCOUNT Southwest Airlines ranked as the second-best domestic airline, according to Bounce’s 2023 Airline Index. Aaronp/bauer-griffin | Gc Images | Getty Images Southwest Airlines has taken the Boeing 737 Max 7 out of its fleet plans as regulators haven’t yet certified the smallest model of
Open your Forex trading account through this link only for our exclusive support 👇🏼 For IOS, Andriod & Web https://one.exness-track.com/a/anish Use our Partner code – anish For any queries or problems, you can Mail us at – exness@boomingbulls.com P.O.C FOREX TRADING STRATEGY BEST FOREX INTRADAY STRATEGY! *Disclaimer:* As per the FEMA Act, it is illegal
Download MarketWolf – https://marketwolf.app.link/tradingtechstreet OPTIONS TRADING in Stock Market with only ₹999 | LICENSED INDIAN Broker | ZERO BROKERAGE on loss 🎁🎁80 % Off On Course Buy Trading Couese – https://ywooe.courses.store/our-team ———– ———– 🎁Free Forex Account – https://one.exness-track.com/a/9xmeglooqf ✅(Use Partner Code – 9xmeglooqf ) ————- Get Unlimited trade (BTST, Intraday, Swing) from SEBI Registered experts
Share: Australian Dollar loses ground as the US Dollar attempts to recover recent losses. Australia’s inflation is likely to stay above the RBA’s target range of 2.0–3.0%. US Dollar faced downward pressure despite the upbeat US PMI data. The Australian Dollar (AUD) loses its ground for the second successive day on Thursday. The AUD/USD pair encountered
Yesterday, the USDCHF experienced an upward movement, reaching a key swing area between 0.8711 and 0.87314. The pair initially moved away from the 38.2% retracement level of the downward trend from the October high to the December low, which is at 0.86803. Despite this, the market couldn’t maintain its upward momentum. When the price subsequently
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
TOKYO – Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes of more stimulus measures and economic recovery. The March contract for Brent crude gained 20 cents, 0.3%, to $80.24 a barrel as at 0128
The forex markets are currently extending a phase of indecision. Dollar, after briefly rallying against Euro and Swiss Franc, saw its gains diminish. Australian Dollar’s initial surge, fueled by optimism over China’s proposed stock market rescue plan, also quickly dissipated. Presently, Japanese Yen emerges as the strongest currency for the week, continuing its near-term consolidation.
Consumers shop in Rosemead, California, on Dec. 12, 2023. Frederic J. Brown | Afp | Getty Images Economic growth likely slowed to its weakest pace in a year and a half to end 2023, possibly setting the stage for a more pronounced slowdown ahead, according to Wall Street economists. The consensus outlook for the fourth