The USD/JPY moved lower during the early Asian session, breaking below a critical swing area between 154.77 and 154.967. It also dropped beneath the 38.2% retracement level of the December rally at 154.939, which shifted the bias further to the downside. During the European session, corrective price action encountered sellers near this resistance area. In
Prior was +2.2% Index 74.2 vs 79.0 prior Year-over-year, pending transactions declined 5.0% West lagged at -10.3% m/m The index is at the lowest since August. Some housing numbers have been surprisingly strong lately but this is a sign that high mortgage rates are problematic. Activity fell more sharply in the high-priced regions of the
Gold April futures contracts at MCX surged above the Rs 81k mark, making a new all-time high of Rs 81,1128/10 grams in Thursday’s intraday trade, gaining 0.31% or Rs 254. On Wednesday, the contracts for April delivery climbed Rs 199, or 0.2%, to hit a fresh peak of Rs 81,098 per 10 grams for the
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Microsoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday. The software giant topped Wall
USD/CAD attracts some dip-buyers on Thursday, though it lacks bullish conviction. The BoC’s dovish stance and bearish Oil prices continue to undermine the Loonie. Declining US bond yields keep the USD bulls on the defensive and cap spot prices. The USD/CAD pair rebounds over 40 pips from the intraday low and climbs to a fresh
Forex markets are trading with a mild risk-off tone in a relatively quiet day so far, with many Asian markets closed for Lunar New Year holiday. Safe-haven currencies, including Yen, Swiss Franc, and Dollar, are holding firm, while commodity-linked currencies are on the weaker side. However, there is little follow-through momentum, with traders hesitant to
Economy and Climate Action Minister and Greens Party chancellor candidate Robert Habeck arrives for the weekly federal government cabinet meeting on January 29, 2025 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images The German government on Wednesday slashed its gross domestic product forecast to just 0.3% growth in 2025. “The diagnosis
The USDCHF has eased slightly ahead of the FOMC rate decision, retreating below key resistance levels: the swing high at 0.9077 and the 200-hour moving average (MA) at 0.9068. Reclaiming these levels would shift the technical bias in favor of buyers. On the downside, the 100-hour MA at 0.9048, which was briefly broken yesterday, now
Appears a commercial jet struck a helicopter. A mid-air collision. Commercial Aircraft reportedly impacted a D.C. Police Helicopter. military Black Hawk helicopter Reports are still sketchy at this stage. Emergency services responding. All takeoffs and landings at Ronald Reagan Airport have been halted. I’m seeing some video clips of the incident and it looks very
– Oil prices were little changed in early trading on Thursday, as markets watched for tariffs by U.S. President Donald Trump on Mexico and Canada, the two largest suppliers of crude oil to United States. Brent crude futures rose 7 cents, or 0.1%, at $76.71 a barrel by 0122 GMT. U.S. crude futures climbed 17
Meta Platforms on Wednesday evening delivered a monster quarterly beat on everything from sales and earnings to cash flow and engagement. Revenue in the fourth quarter rose over 20% year over year to $48.4 billion, outpacing the $47 billion consensus estimate compiled by LSEG. Earnings per share in the three months ended Dec. 31 surged
Federal Reserve leaves rates unchanged at 4.25%-4.50% as expected. Fed statement removes prior language on inflation progress, signaling a cautious approach. Jerome Powell was seen somewhat dovish in his presser. The AUD/USD pair extended its decline on Wednesday, falling to 0.6220 following the Federal Reserve’s policy decision. As widely anticipated, the Fed left interest rates
Canadian Dollar is steady after BoC delivered its sixth consecutive rate cut, lowering its policy rate by 25bps to 3.00% as expected. The pace of easing has slowed from December’s 50bps reduction, reflecting a more measured approach as interest rate sits inside neutral zone. BoC explicitly warned of risks stemming from potential US tariffs, noting
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve. Money markets on Wednesday were pricing in 35 basis points worth of rate cuts for the
The USDCAD buyers are making a play in the early NA trading and ahead of the BOC rate decision. That upside momentum has taken the price above the “red box” that I have outlined as a key range to break and stay broken to either increase the bullish or the bearish momentum. The break today
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 April futures contracts on the MCX rose 0.15% (Rs 124) today, reaching a new all-time high of Rs 80,413 per 10 grams, marking the second consecutive session of price gains. Meanwhile, silver March futures contracts were trading at Rs 91,079/kg, up by merely 0.03% or Rs 28, having gone up by Rs 720/kg in
Nicolai Tangen, CEO of Norges Bank Investment Management, at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Stefan Wermuth | Bloomberg | Getty Images Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a
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