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 future contracts at MCX opened on Wednesday at Rs 69,500 per 10 gram, which is up by nearly 0.50% or Rs 322 while silver September futures contracts were up by 0.85% or Rs 702, trading at Rs 83,361/kg. Gold prices surged by nearly 1.3% or Rs 900/gm in two days while silver prices
Dollar dipped as weaker-than-expected ADP job data hit the market entering US session. However, the movement has been limited with traders bracing for FOMC rate decision. Fed is widely expected to keep its policy rate unchanged at 5.25-5.50% today. The main focus is whether Fed will signal enough “confidence” to start cutting interest rates in
A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. Michael M. Santiago | Getty Images Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday. Companies added just 122,000 jobs on
In this article ARM Follow your favorite stocksCREATE FREE ACCOUNT Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Arm shares fell more than 10% in extended trading on Wednesday after the chip-architecture maker issued light
The Chinese economy remains weak, according to the PMIs released this morning. The manufacturing index fell slightly, remaining below 50 for the third consecutive month, while the non-manufacturing index (services and construction) fell to 50.2, the lowest level ever recorded (except for 4 months when acute coronavirus outbreaks led to lockdowns) , Commerzbank’s FX analyst
Fundamental Overview The S&P 500 has been on a steady decline since the last US CPI report on July 11th. In the first stages of the pullback, we’ve been seeing a rotation from big cap stocks into small cap stocks as the Russell 2000 displayed an opposite price action. Eventually, the bearish momentum picked up
Prior was 150K (revised to 155K) Annual pay growth for job-stayers slowed to 4.8%, lowest in 3 years, down from 5.0% prior Job-changers’ pay gains dropped to 7.2% from 7.7% More details: Goods-producing sectors added 37K jobs, with construction leading at +39K Services sectors added 85K, led by trade/transportation/utilities at +61K Professional/business services saw notable
Gold prices for August futures have fallen by Rs 3,500 per 10 gm in the last seven trading sessions following the customs duty cuts announced by the government in the Union Budget. The precious metal is currently trading at Rs 69,213/10 gm. Domestic gold prices plunged drastically to Rs 67,400/10 gm — the lowest since
Yen rose broadly today after the BoJ raised interest rates for the second time this year, and maintained hawkish bias. However, buying momentum has not been decisive. This lack of strong momentum can be attributed to the fact that the rate hike decision was likely well priced in by the markets. Nikkei’s rebound following the
Aaron P | Bauer-Griffin | GC Images | Getty Images Europe’s largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment. The bank posted pretax profit in the six months to June of $21.56 billion, down from
Australia’s Consumer Price Index (CPI) rose 1.0% in the second quarter (Q2) of 2024, compared with the 1.0% increase seen in the first quarter, according to the latest data published by the Australian Bureau of Statistics (ABS) on Wednesday. The market consensus was for a growth of 1.0% in the reported period. Annually, Australia’s CPI inflation rose
The EURJPY moved higher earlier today, breaking above the 100-hour MA (blue solid line on the chart below) in the process (currently at 166.679. The subsequent move higher extended toward the 100-day MA (step blue line on the chart below) in the Asian and early European session, but fell short of that target at 167.98.
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
Oil prices slipped in early Asian trading on Tuesday, extending losses from the previous session, over concerns about Chinese demand and as the market shrugged off the risk of conflict escalating in the Middle East. Brent crude oil futures fell by 12 cents or 0.15% to $79.78 a barrel by 0033 GMT. U.S. crude futures
Overall trading in the forex markets remained relatively subdued today. Dollar continues to hold the top position, despite the absence of clear follow-through buying momentum. Investor caution is also evident in US stock futures, which are moving within a tight range. Any movement in the US markets is likely to be temporary today, as traders
The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Boris Roessler | Picture Alliance | Getty Images The euro zone’s economy grew by more than expected in the second quarter of 2024, flash figures from the European Union’s statistics office showed Tuesday. The zone’s gross domestic product rose by
In this article FSLR Follow your favorite stocksCREATE FREE ACCOUNT Chuck Smith monitors the manufacturing process of the series 6 solar panels during a tour of a First Solar plant in Walbridge, Ohio, U.S., October 6, 2021. Picture taken October 6, 2021. Dane Rhys | Reuters First Solar reported second-quarter results Tuesday that beat revenue