The USD retreated on Friday after hitting yearly highs near 106.60. The market has responded to Fed Chair Powell’s comments with odds of a December cut falling to 60%. Retail Sales expanded by 0.4% in October vs. the previous month, surpassing expectations. The US Dollar Index (DXY), which measures the value of the USD against
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Dollar is trading slightly lower as the market enters the final US session of the week, with mixed US retail sales data failing to provide fresh momentum for the greenback. The currency appears to be taking a breather as the initial impact of the “Trump Trade” begins to fade. Meanwhile, the likelihood of another rate
I’ve been pounding the table for awhile on USD/CAD longs and it’s all come together in the past two months, with a one-way move up through a series of highs in the 1.3950 range. Now the pair has clearly broken out and it’s due to a soft Canadian economy and a surprisingly strong one in
Markets: Gold down $4 to $2562 US 10-year yeilds up 2 bps to 4.44% WTI crude oil down $1.71 to $66.99 S&P 500 down 1.3% JPY leads, GBP lags There wasn’t a tidy narrative on Friday as trading started out with a ‘sell everything’ mode before bonds made something of a comeback. Still, it was
Written by , ETMarkets.com| Nov 15, 2024, 04:37:27 PM IST 1/11 Portfolio Changes In October, mutual funds made significant adjustments to their portfolios by adding and reducing holdings in several small-cap stocks. Notable acquisitions included Sansera Engineering, Sundaram Clayton, and Sky Gold, while key reductions were seen in Orient Cement, Ashoka Buildcon. Here is a list
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world’s second-largest economy hit consumer spending. Alibaba said net income rose 58% year-on-year to 43.9 billion Chinese yuan ($6.07 billion) in the company’s quarter
The Greenback overturns intraday losses and is set to flip in the green. Fed Chairman Jerome Powell surprised markets by casting doubts over December’s interest-rate cut. The US Dollar index surges back to the fresh one-year high from Thursday. The US Dollar (USD) sees earlier declines soften a bit on Friday with US Retail Sales
The forex market entered a phase of relative calm during Asian session today, with major currency pairs and crosses having limited movement. The Dollar softened slightly overnight with to retreat in US Treasury yields, but the losses have been minimal. The greenback found support from Fed Chair Jerome Powell’s comments that Fed is not in
Fundamental Overview Gold is pulling back a bit now after an almost 8% selloff since the US election day. The market didn’t react hawkishly after another hot US PPI report and an acknowledgement from Fed Chair Powell that they can proceed carefully on rate cuts. The market might be fine with just two rate cuts
Sees Eurozone economic growth at 0.8% in 2024, 1.3% in 2025, and 1.6% in 2026 Sees Eurozone inflation at 2.4% in 2024, 2.1% in 2025, and 1.9% in 2026 Of note, they are forecasting the German economy to contract by 0.1% this year as compared to their previous forecast of 0.1% growth in the spring.
Written by , ETMarkets.com| Nov 15, 2024, 01:03:29 PM IST 1/11 Stock Slump The Indian stock market has been trading sluggishly in recent days, with the benchmark index, Sensex, dropping around 2.5% in just one week and losing nearly 11% from it’s all-time high. Amid this weak trading environment, many stocks in the BSE 500 index
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known
In this article DIS CMCSA FOXA WBD Follow your favorite stocksCREATE FREE ACCOUNT Scene from the FX series Shogun. Source: Disney | FX Disney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now. The company’s Chief Financial Officer, Hugh Johnston, said
The gold price trades with a negative bias in Friday’s Asian session. The firmer USD, expectation of a slower pace of Fed rate cuts, exert selling pressure on the Gold price. The US Retail Sales report for October will take center stage later on Friday. The Gold price (XAU/USD) struggles to gain ground around $2,570
While Dollar extends recent gains following stronger than expected PPI data in early US session, it’s upward momentum was somewhat capped by the retreat in treasury yields as their correlation continues. Nevertheless, the greenback is still staying as the strongest one for the day and the week. It remains to be seen if there is
Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically
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
Written by , ETMarkets.com| Nov 14, 2024, 06:41:08 PM IST 1/10 Bucking Trend On Thursday, the benchmark index Sensex dropped by 111 points, ending the day at 77,580. Despite the overall market decline, nine stocks from the BSE smallcap index reached their 52-week highs. A 52-week high indicates the highest price a stock has hit over
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