The Pound Sterling moves higher against the US Dollar, as investors focus on the Fed’s monetary policy decision. Fading concerns over DeepSeek’s low-cost AI model to challenge US AI models’ dominance have diminished some US Dollar risk-premium. UK Keir Starmer expects the economy is starting to turn around. The Pound Sterling (GBP) ticks higher to
The sharp selloff in equities sparked by AI competition concerns appears to have run its course for now. While NASDAQ dropped more than -3% yesterday, the selling pressure did not intensify as the session progressed. DOW, on the other hand, demonstrated resilience, closing up 0.65%. This relatively stable market sentiment has led to reversal in
TradeCompass: Nasdaq Price Prediction and Futures Analysis for Today (January 29, 2025) At the time of this Nasdaq futures analysis, NQ is trading at 21,559. Below is the detailed breakdown of today’s bullish and bearish scenarios for Nasdaq futures, aligned with the TradeCompass methodology. Bearish Scenario for Nasdaq Futures Today We turn bearish if the
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 steadied on Wednesday as investors weighed the impact of potential U.S. tariffs on Canadian and Mexican imports, while largely shrugging off an increase in U.S. weekly crude inventory. Brent crude futures fell 2 cents to $77.47 a barrel by 0132 GMT while U.S. crude futures were at $73.81 a barrel, up 4 cents,
Starbucks reported better than expected quarterly results Tuesday evening — initially sending shares higher in choppy after-hours trading. Even though the company’s same-store sales declined for the fourth straight quarter, early signs of progress on CEO Brian Niccol’s Back to Starbucks strategy had us feeling encouraged that much better times are ahead. Revenue fell 0.3%
The Dollar Index gains traction, hitting a fresh weekly high above 108.00 as market sentiment deteriorates. US Durable Goods Orders disappointed, declining by 2.2% in December, missing expectations for a 0.8% increase. Treasury Secretary Scott Bessent proposed gradual tariffs, but Trump pushed for higher, uniform rates, spooking investors. Consumer Confidence in January fell to 104.1
The global financial markets are finding their footing following the turmoil triggered by yesterday’s tech-driven selloff. European stocks have moved into positive territory, while US futures signal a flat start to trading. Nvidia, which lost a staggering -17% on Monday—erasing nearly USD 600B in market capitalization—is poised for a partial rebound. Meanwhile, investors appear to
The song remains the same with regarrd to the USDCAD. The pair remains within a bigger trading range between 1.42899 and 1.4466. In between says the 100 and 200 hour moving averages at 1.4372 and 1.4382 respectively. The price is currently testing those moving averages. A move below, would tilt the technical bias more to
The Globe & Mail reports that Canada’s federal government is planning a covid-style relief effort if Trump imposes 25% tariffs. The moves would require a parliamentary vote so they’re far from certain. All opposition parties have pledged to oust the government and the ruling Liberal’s don’t have a majority. Any stimulus would require the support
Gold April futures contracts at MCX opened higher on Tuesday at Rs 80,355/10 gram, which is up by 0.24% or Rs 195 while silver March futures contracts were flat at Rs 90,223/kg. On Monday, gold and silver settled on a weaker note in the domestic and international markets. Gold April futures contract settled at Rs
In this article JBLU Follow your favorite stocksCREATE FREE ACCOUNT A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways shares tumbled Tuesday after the carrier’s financial outlook disappointed investors. The New York-based airline forecast its
Here is what you need to know on Tuesday, January 28: Following Monday’s choppy action, the US Dollar gathers strength against its rivals early Tuesday as markets assess US President Donald Trump’s latest comments on tariffs. Later in the day, December Durable Goods Orders and the Conference Board’s Consumer Confidence Index data for January will
As markets gear up for a week dominated by central bank meetings including Fed and ECB, sharp selloff in US tech stocks has stolen the spotlight. NASDAQ futures dropped more than -2%, triggering mild safe-haven flows into Yen, U.S. Dollar, and Swiss franc. Meanwhile, commodity currencies like Aussie and Kiwi suffered as risk sentiment deteriorated.
In the text from the kickstart post released earlier today, I noted: EUR/USD: The pair moved lower in the early Asian session but found support from buyers within a key swing area and the 61.8% retracement of the move down from the December high, between 1.0448 and 1.0461. Buyers regained control, pushing the price back
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 firmed on Tuesday as focus shifted to the Federal Reserve‘s first meeting of 2025, while investors try to decipher how U.S. President Donald Trump‘s policies will impact the U.S. central bank’s views on growth and inflation. FUNDAMENTALS * Spot gold held its ground at $2,742.49 per ounce, as of 0101 GMT. U.S. gold
The US Dollar began the new trading week on the back foot as market participants continued to digest the narrative of further tariffs from the Trump administration, while investors started gearing up for the FOMC meeting on Wednesday. Here is what you need to know on Tuesday, January 28: The US Dollar Index (DXY) printed
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