DXY hovers near 108.00 on Thursday as buyers seem to be taking a breather. Profit-taking emerges after Wednesday’s strong rally. Fed’s cautious tone spooks rate-cut optimists, which benefits the USD. The US Dollar Index (DXY), which tracks the USD’s value against a range of currencies, pulls back from its two-year peak following signals from the
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Both Sterling and Japanese yen are among the weakest-performing currencies today, following their respective central banks meetings. BoE left rates unchanged at 4.75%, but the surprise came from a dovish shift in the MPC, with three members voting for a cut. While BoE reiterated that a “gradual approach” to easing remains appropriate, rising concerns over
The price of bitcoin has reached a low of $96782 and bounced modestly. The digital currency currently traders at $98434 down -$1739 or -1.71% on the day. Looking at the hourly chart, the price moved below the 100 and 200 hour MAs yesterday and then corrected higher, reaching the 200 hour MA (green line on
High Yield: 2.121% Compared to the previous auction’s yield of 1.67%. Higher than the six-auction average of 1.99%. Tail: 5.6 basis points Lower than the previous auction’s tail of 15 basis points. Lower than the six-auction average of 9.0 basis points. Note: The 5-year TIPS traded at 2.065% at 1:00 PM EST. Bid-to-Cover Ratio: 2.10x
Donald Trump’s return to the U.S. presidency and China’s spluttering economy will shape global commodity markets in 2025. With no predictable mould for how this will work, the only certainties will likely be volatility and numerous factors working in opposing directions. Making predictions about prices for major commodities such as crude oil, liquefied natural gas,
The Bank of England pictured in December 2024. Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday ended its last meeting of the year with a decision to leave interest rates unchanged, after U.K. inflation rose to an eight-month high. Analysts had widely expected a rate hold at the
In this article MU Follow your favorite stocksCREATE FREE ACCOUNT Micron CEO Sanjay Mehrotra speaks before US President Joe Biden delivers remarks on “how the CHIPS and Science Act and his Investing in America agenda are growing the economy and creating jobs,” at the Milton J. Rubenstein Museum in Syracuse, New York, on April 25,
The Pound Sterling advances against most of its peers as the BoE is expected to keep borrowing rates steady at 4.75%. UK inflation has accelerated in the past two months, supporting the BoE’s decision to keep interest rates steady. The Fed cut interest rates by 25 basis points to 4.25%-4.50% but delivered hawkish guidance for 2025.
Dollar has strengthened against commodity currencies this week but remains range-bound against Euro and Pound, as markets await Fed’s rate decision to gauge the next move. While a 25bps rate cut is fully expected in with no chance of deviation, the focus is on how hawkish Fed’s messaging will be. Key questions include the likelihood
The major stock indices are moving to new lows as the Fed Chair says the call was a closer call with risk two-sided. That helped to push the USD higher as well. The Dow is down -0.83% while the S&P and the Nasdaq are down over 1% The S&P is currently down -1.04% and the
Gold (XAU/USD) daily chart Before yesterday, gold prices only moved down to test the 100-day moving average (red line) twice this year. Yes, that’s right. Just twice. The first was in February and the second in November. During both times, buyers held their ground but they fell short of holding the line in trading yesterday.
After a hawkish guidance for a 2025 rate cut by the US Fed, Gold February futures contracts at MCX opened lower by nearly 1% on Thursday at Rs 75,941 per 10 gram, which is down by Rs 712 while silver March futures contracts were trading at Rs 88,261/kg, down by 2.3% or Rs 2,119. On
In this article MU Follow your favorite stocksCREATE FREE ACCOUNT Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | Reuters Micron shares plunged 13% in extended trading on Wednesday after
Gold falls 0.33% as markets anticipate Fed rate cut. Markets have nearly fully priced in a 25-basis-point rate cut; focus shifts to the Fed’s dot plot for 2025 rate path insights. Investors remain attentive to US data, including GDP data and core PCE. Gold price extended its downtrend for the second consecutive day as traders
The forex and stock markets are holding steady today, with limited volatility as traders anticipate FOMC rate decision and updated economic projections. A 25bps rate cut, reducing the target range to 4.25–4.50%, is virtually certain. However, the market’s focus lies on the tone and guidance Fed delivers. Critical questions include whether a pause in easing
The EURUSD is moving to a new low on the day and in the process is moving away from the 200 hour MA and the 100 bar MA on the 4 hour chart. Those MAs come in at 1.0514 and 1.0522 respectively. Into the FOMC rate decision and moving above that area is needed to
The major European indices are closing the day marginally higher. The gains were led by the France’s CAC, Spain’s Ibex and Italy’s FTSE MIB. The final numbers show: German DAX, +0.07% France’s CAC +0.26% UK’s FTSE 100 +0.05% Spain’s Ibex +0.26% Italy’s FTSE MIB +0.25% As London/European traders had for the exits, and the Fed
Gold prices fell Rs 200 to Rs 79,100 per 10 grams in the national capital on Wednesday amid a firm trend in international markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity settled at Rs 79,300 per 10 grams in the previous session. Snapping a three-day losing run,
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