The US dollar is at the best levels of the day as the euro and pound fall to the wayside. The bond market is offering the dollar some support with 2-year yields up 2.6 bps and 30s up 5.1 bps in a moderate bear steepener. Further pressure on yields could come from oil, which is
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Oil prices fell on Tuesday, handing back some of the previous day’s gains, as traders weighed rising crude supply in Libya and Norway against production outages in the United States and geopolitical tensions. Brent crude futures were down 58 cents, or 0.72%, to $79.48 a barrel at 1441 GMT. U.S. West Texas Intermediate crude futures
Identifying a singular driving theme proves challenging In today’s forex market. Japanese Yen made an attempt to rebound following BoJ Governor Kazuo Ueda’s post-meeting press conference, where he hinted at the potential of a future rate hike. However, this rebound was short-lived, and Yen soon reverted to its familiar tight trading range, indicating that the
In this article PG Follow your favorite stocksCREATE FREE ACCOUNT A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China. VCG | Getty Images Procter & Gamble on Tuesday reported mixed quarterly earnings and revenue
Share: Gold price regains positive traction on Tuesday, though the upside potential seems limited. Geopolitical risks and China’s economic woes lend some support to the safe-haven XAU/USD. Reduced bets for an early rate cut by the Fed should cap any meaningful appreciating move. Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday
Bitcoin falls below $40000 The price of Bitcoin is trading to a new session low, and in the process, the price is breaking below the $40,000 level for the first time since December 4. The price is also falling below it 38.2% retracement of the move up from the September 12 low to the January
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 were little changed on Tuesday, as traders cautioned to take position ahead of interest rate decisions from a number of central banks and a slew of economic data in the United States. FUNDAMENTALS* Spot gold edged 0.1% lower to $2,019.89 per ounce by 0154 GMT. * U.S. gold futures also fell 0.1% to
Asian markets highlights sharp divergence in trends today. Nikkei surged to new 34-year high, buoyed by last week’s record closes in US and bolstered by expectations that BoJ will maintain its negative interest rate policy in the this week’s meeting. Japanese stock market is also riding on the optimism that BoJ is not in a
BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) Vcg | Visual China Group | Getty Images Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of
Share: The EUR/GBP records 0.20% losses standing at 0.8562. The ECB meets on Thursday, no policy change expected. Daily chart indicators present bearish sentiment: RSI indicates a negative slope in unfavorable territory with MACD’s rising red bars hinting at a selling momentum. On Monday’s session, the EUR/GBP pair was seen trading at the 0.8562 level,
Like many of the currency pairs, the AUDUSD is trading in a narrow trading range. Support is holding the 200-day MA at 0.65787. The 50% midpoint of the move up from the October low, is at 0.65699. Going forward, a move below each is needed to increase the bearish bias. Conversely, stay above and traders
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
Oil prices fell for a second day on Monday as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. Brent crude fell 41 cents, or 0.5%, to $78.15 a barrel by 0105 GMT after settling down
Yen trades mildly firmer in tight range today, as markets are now keenly awaiting BoJ rate decision in the upcoming Asian session. No change in monetary policy is expected as BoJ should stick to negative interest rate for now. There is also no need to tweak the parameters of Yield Curve Control, with the yield
Jim Dyson | Getty Images News | Getty Images The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth. Major economies have proven surprisingly resilient to sharp interest rate increases
Share: Gold price meets with a fresh supply on Monday and snaps a two-day winning streak. Reduced bets that the Fed will cut rates in March act as a headwind for the XAU/USD. Retreating US bond yields, softer USD and geopolitical risk could limit any further slide. Gold price (XAU/USD) struggles to capitalize on its
The USDCHF has moved higher this week. The low for the week was on Monday. In the current 4-hour bar, the price is making new highs. So buyers have been in control. On the way to the upside, the price moved above the 200 bar moving average on the 4-hour chart. That level comes in