Euro and, to a lesser extent, Sterling, are picking up some buying today but both are stuck in range against the greenback. There is no clear unified theme in the markets. Canadian and Australian Dollar are weak, but New Zealand Dollar is strong. Swiss Franc is trailing other Europeans higher but Yen is heading down,
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NZD/USD firms up on US Dollar weakness as focus switched to the Fed next week. China lifted sentiment with the nation announcing some easing in its zero-COVID strategy. NZD/USD is higher by some 0.75% in the day so far having climbed from a low of 0.6309 to a high of 0.6384 while the US Dollar gives up
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EURUSD falls below its 100 hour moving average The EURUSD is making a break below the rising 100 hour MA. That level comes in at 1.04948. The price is also dipping below the November highs that came in between 1.04806 and 1.0496. The low price just reached just reached a new session low 1.04768. So
Prior -0.8% Market index 204.2 vs 208.1 prior Purchase index 175.5 vs 181.0 prior Refinance index 340.8 vs 325.5 prior 30-year mortgage rate 6.41% vs 6.49% prior Mortgage activity declined once again in the past week, this time led by purchases as refinancing activity picked up slightly after the sharp decline in the week prior.
New Delhi: Gold prices ticked up on Wednesday as the dollar weakened slightly, but moved in a relatively narrow range as investors looked to gauge the pace of rate hikes by the US Federal Reserve. Fed fund futures are expecting a 91% chance of a 50-basis point (bps) rate increase in the December meeting, said
Overall, the markets continue to trade in a mixed manner. US stocks declined for a second day overnight, but the selloff didn’t continue in Asia. Sentiment is somewhat supported by optimism of easing restrictions in China. In the currency markets, Yen is currently the worst performer for the week, followed by Aussie. Canadian Dollar is
Economists at Credit Suisse remain optimistic on Indian GDP, but that optimism is negative for the trade balance and the Rupee. They forecast USD/INR to trade in a 82-84 range in the short term. RBI will limit weakness at 84.00 in the short term “We remain optimistic on the outlook for Indian GDP, but that
GBPUSD tests 200 day/50% The GBPUSD ran higher toward the end of the London session and in the process extended above the London high at 1.22472 a new intraday high of 1.2272. The last two – three hours has seen a rotation back to the downside. That move has now seen the price extend below
Australian Q3 2022 GDP rises less than expected at +0.6% q/q expected +0.7%, prior +0.9% For the y/y, comes in at 5.9% expected 6.3%, prior 3.2% (revised down from 3.6%) the annual rate reflects a very low base back in Q3 2021, the Australian economy contracted then with shutdowns in major cities due to the
In this article MDB Follow your favorite stocksCREATE FREE ACCOUNT Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares rose 27% in extended trading on Tuesday after the database software maker surprisingly swung to a profit. Here’s how the company did: Earnings: 23 cents per share, adjusted, vs. a loss of 17 cents
E-commerce and interactive platform builder LGND.io has announced a multi-year partnership with blockchain network developer Polygon and global entertainment company Warner Music Group to create a Web3 music platform called LGND Music. LGND Music, scheduled to launch in January 2023, is designed to be a music and collectibles platform that supports “digital collectibles from any
Shares of sugar companies rallied 9.8% on Tuesday following reports of 7% fall in India’s sugar output so far this year. Erratic weather conditions have hampered cane yields, which could further result in a reduction in exports. From the pack, was one of the biggest gainers. The stock rallied 9.8% in Tuesday’s trade on the
Canadian Dollar is currently the weakest one in otherwise sluggish markets. Falling oil price is a factor dragging down the Loonie, and traders are also cautious on a dovish rate hike by BoC tomorrow. There is still no clear follow through buying in Dollar against others. Aussie is steady after RBA rate hike earlier today,
NZD/USD bulls could be throwing in the towel here. Bears eye a move to test the trendline support. NZD/USD is trading around flat on the day, sitting near 0.6320 having stuck to a tight range of 0.6303 and 0.6354. There has been little in the way of a catalyst this week so
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