The Trump trades in the green, trying to secure a fifth day of gains. Traders are on edge over Fed Chairman Powell and his view on the interest rate cut in December. The US Dollar index jumped to a fresh year-to-date high around 107.00 and fades before hitting a fresh yearly high. The US Dollar
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Dollar strengthened broadly overnight, underpinned by the solid rebound in US Treasury yields, while stock markets closed mixed. Stalling disinflation progress, as indicated by the latest CPI data, reinforced the likelihood that Fed will only adopt a gradual approach to lowering interest rates in the future. The aggressive 50bps rate cut back in September 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
Why it’s important? The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on
The victory of Donald Trump in the US presidential elections has not been well-received by the bullion as the prices of gold, on MCX, have fallen by Rs 4,750/10 grams or 6% since November 4, the day of the election verdict. Historically, a rising Dollar has pressured gold prices, a trend evident post-election as Trump’s
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney will report its
Silver remains under some selling pressure on Thursday and retests October’s swing low. The technical setup favors bearish traders and supports prospects for additional losses. Any attempted recovery could still be seen as a selling opportunity and remain capped. Silver (XAG/USD) attracts some follow-through selling during the Asian session on Thursday and drops to its
US stock futures have jumped in a relief rally following release of October US CPI data, which, while showing an uptick in headline inflation and steady core inflation, stayed within expectations. This in-line report eases fears of an inflation surprise that could disrupt Fed’s gradual easing path. Market sentiment has therefore strengthened, with Fed fund
The price of gold traded as high as $2618.84. At session highs, the price was up $20.94 and it looked like the 3-day slide was going to be snapped. However, the price has since reversed back to the downside and the price is now trading down -$22.26 or -0.87% at $2575.49. Technically, the price has
Markets: Bitcoin trades to a new high at $93,483 before correcting lower to $89,021 currently. And is still up over $1000 on the day WTI crude trades down nine cents at $68.03 2 year yield 4.279%, down -6.5 basis points. 10 year yield 4.451%, +1.8 basis points Gold down -$22.69 or -0.87% at $2575.17 S&P
Written by , ETMarkets.com| Nov 13, 2024, 06:27:20 PM IST 1/6 New Lows On Wednesday, the Sensex, the benchmark index, dropped 984 points, closing at 77,691. Amid this downturn, five stocks from the BSE 200 index hit their 52-week lows. The 52-week low represents the lowest price a stock has traded at in the past year,
Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday. The consumer price index, which measures costs across a spectrum of goods and services, increased 0.2% for the month. That took the 12-month inflation rate to 2.6%, up 0.2 percentage point from September. The
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Cisco CEO Chuck Robbins speaks at The Wall Street Journal’s Future of Everything Festival in New York on May 21, 2024. Dia Dipasupil | Getty Images Cisco reported a fourth straight quarter of declining revenue even as results topped analysts’ estimates. The stock slipped about
The Pound Sterling trades with caution near a three-month low of around 1.2750 against the US Dollar as investors brace for US inflation data for October. Market expectations for the Fed to cut interest rates in December have slightly diminished. Investors await BoE Mann’s speech and a slew of Fed speakers for fresh interest rate guidance.
The financial markets are intently focused today on US inflation data. Expectations are that both the headline CPI and core CPI remained unchanged in October from the previous month’s readings of 2.4% and 3.3%, respectively. This stagnation in disinflation supports the notion that bringing inflation back to Fed’s 2% target may prove increasingly challenging in
Fundamental Overview Gold is now down almost 6% from the US election day. That shouldn’t be surprising as the last time we got a red sweep gold dropped by more than 16%. The reason is that a red sweep brings a more expansionary fiscal policy and should be not only positive for growth but also
Why it’s important? The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on
ETMarkets.com| Nov 13, 2024, 01:52:21 PM IST 1/6 Short Buildup A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are
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