Fundamental Overview Since last Friday, the USD has been mostly weak as Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium where he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can
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
Gold prices remained flat at Rs 74,350 per 10 grams in the national capital on Wednesday in scattered deals even as it weakened in the overseas markets. Silver prices, however, declined Rs 400 to Rs 87,800 per kilogram. It had ended at Rs 88,200 per kg in the previous session on Tuesday. Meanwhile, gold of
In this article ANF Follow your favorite stocksCREATE FREE ACCOUNT An Abercrombie & Fitch store in the Soho neighborhood of New York, US, on Monday, Aug. 19, 2024. Abercrombie & Fitch Co. is scheduled to release earnings figures on August 28. Photographer: Yuki Iwamura/Bloomberg via Getty Images Yuki Iwamura | Bloomberg | Getty Images Abercrombie
The Japanese Yen remains in the red after cautious remarks from BoJ policymaker Himino. The US Dollar rebounds amid a risk-off mood, but the upside appears limited on dovish Fed bets. The focus now shifts toward Fed policymaker Bostic’s speech and Nvidia earnings report. The Japanese Yen (JPY) stays on the back foot against the
Australian Dollar rose broadly in the Asian session following the release of stronger-than-expected inflation data. The slight slowdown in inflation wasn’t as pronounced as markets had anticipated, reinforcing RBA’s stance that it is not yet ready to cut interest rates. While the data does reduce the urgency for another rate hike, it still supports the
The AUDUSD is trading in a narrow 40 picked trading range for the first two days of the week. THat is not a lot. However just ahead is Australia’s CPI data for the month of July. With the range narrow and contained, traders should look for a break momentum in the direction of the break.
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
Gold October futures contracts at MCX opened flat on Wednesday at Rs 72,040 per 10 gram, which is down by 0.11% or Rs 82 while silver September futures contracts were trading at Rs 85,330/kg, down by 0.38% or Rs 328. In this week, the prices of gold have gained Rs 300/10 gm while silver has
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs
The Canadian Dollar eased back on Tuesday, but the US Dollar fell faster. Canada remains data-light until Friday’s GDP print. Markets are hunkering down until Friday’s US PCE inflation figures. The Canadian Dollar (CAD) traded with a broadly softer tone on Tuesday, easing back against the majority of its major currency peers, but still found
Euro weakened broadly today, weighed down by growing recession concerns in Germany. The Eurozone’s largest economy confirmed -0.1% contraction in GDP in Q2. Consumer sentiment showing deeper-than-expected deterioration, particularly in economic expectations. This decline follows weak Ifo business climate released yesterday. The string of negative data points suggests that any economic recovery may be further
Fundamental Overview Last Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can to support a strong labour market was key.
Today’s two-year US Treasury sale was a bit of a gut-check moment for the fixed income market. It was the first test of real-demand at sub-4% yields in this environment. The $69 billion was a big amount to swallow and European fixed income was soft today. But the demand was there, proven by a 0.6
Gold prices held steady on Tuesday, lingering near record highs, as safe-haven demand from rising geopolitical tensions in the Middle East and increasing bets on a U.S. Federal Reserve interest rate cut in September provided support. FUNDAMENTALS * Spot gold was flat at $2,515.83 per ounce by 0027 GMT. Bullion hit a record high of
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters For Nvidia investors, the past two years have been a joyride. But recently they’ve been on more of a roller coaster. As
The Indian Rupee weakens in Tuesday’s early European session. Month-end USD demand and higher crude oil prices weigh on the INR. Traders await the US August CB’s Consumer Confidence ahead of the key events later this week. The Indian Rupee (INR) trades on a weaker note on Tuesday. The US Dollar (USD) demand from local
Trading in the forex markets continued to be relatively subdued, as the initial buzz surrounding a Fed rate cut in September is quickly dissipating. Although there is still some speculation about the possibility of a more aggressive 50bps cut to kick off the easing cycle, the repeated reassurances from Fed officials about a preference for