The always awesome US Market Open roundup via Newsquawk Full Note – incl Podcast Euro-bourses see the deepest losses whilst the FTSE 100 is cushioned by the slide in the Pound GBP extended losses in wake of significantly weaker than forecast ONS retail sales data, with Cable sliding to the lowest level since 1985 10yr
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NEW DELHI: Gold prices continued to bleed on Friday tracking the trend in global markets. Prospects of aggressive rate hikes by the US Federal Reserve lifted bond yields and took the shine off bullion. Markets are pricing in a 75-basis-point rate hike by the US central bank. Gold futures on were trading lower by 0.18
Overall, Dollar remains the strongest one for the week, followed by Swiss Franc and then Yen. Risk aversion support these currencies, on the expectation of another jumbo rate hike by Fed next week. Commodity currencies are the worst performers with Kiwi having an underhand. Euro and Sterling are mixed for now, with Euro having a
The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has already raised interest rates four times this year and is widely expected to hike them by 75 basis points next week in
Silver drifts lower for the second straight day and drops to a fresh weekly low. Break below 50 DMA and the $19.00 mark supports prospects for further losses. A breakout through a descending trend-line is needed to negate the negative bias. Silver remains under some selling pressure for the second straight day on Friday and
USDCAD trades the highest level since November 2020 The USDCAD has moved to a new session high and in the process has taken out the high from July at 1.3322 (the high for the year). That takes the price to the highest level since November 2020. Looking at the 4 hour chart, the area between
AUD/USD has hit its lowest since the middle of July NZD/USD is faring relatively worse, hitting its lowest since May of 2020. — ANZ on the Australian vs the New Zealand dollar: Markets are factoring in military gains by Ukraine and putting UK political uncertainty behind them, and the AUD is rising to the fore
Gold prices inched lower on Thursday, as a firmer dollar and expectations of big interest rate hikes from the U.S. Federal Reserve diminished the metal’s appeal. FUNDAMENTALS Spot gold fell 0.1% to $1,693.81 per ounce, as of 0110 GMT. U.S. gold futures were down 0.3% at $1,704.4. The dollar index edged 0.1% higher towards recent
Dollar is staying largely in range after mixed retail sales data from the US. Today’s focus turns to selloff in Sterling, in particular against Swiss Franc and Euro. Yen weakens mildly after yesterday’s rebound quickly lost momentum. Commodity currencies are trading on the soft side. In other markets, major European indexes are mixed while US
Retail sales numbers were better than expected in August as price increases across a multitude of sectors offset a considerable drop in gas station receipts, the Census Bureau reported Thursday. Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for
In this article FDX Getty Images FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments. “Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.,” CEO Raj Subramaniam said in the release. “While this
USD/CAD prints four-day uptrend to renew multi-day high, stays on the front foot of late. Oil prices dropped the most in a week amid demand fears, firmer US dollar. DXY cheers hawkish Fed bets, firmer US data and strong yields. Second-tier US/Canada data may entertain traders ahead of next week’s key FOMC. USD/CAD pierces 1.3250
The United States Department of the Treasury added five cryptocurrency addresses tied to a neo-Nazi group involved in Russia’s war on Ukraine to list of entities sanctioned by the Office of Foreign Asset Control. In a Thursday notice, the U.S. Treasury designated 22 individuals and 2 entities, including many the government department claimed had furthered
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Bitcoin hit a bit of a wobble in the past hour as it ran stops after hitting $20,000. That prompted a quick move to $19,631 before a bounce back to $19,900. Bitcoin was sold hard yesterday — along with everything else — but is down another 1.8% today. The small bounce in equities today is
As usual, when I’m on deck, I try and get a few far more intelligent people than me, who owe me favours, to give you guys some writeups.. So here is my friend, and Nat Gas expert, Andrea Paltry of NatGasWeather.com with a great note: TTF and European natural gas Supply/Demand balance Finally, we’ve overtaken