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 jumped 1% on Monday after a two-week low hit in the previous session as investors assessed diminishing bets of U.S. interest rate cuts ahead of a key inflation report due later in the week. Spot gold was up about 1% to $2,355.60 per ounce as of 10:05 a.m. ET (1405 GMT), having touched
Gold is pulling back after last week’s steep sell-off. Traders are keen to wait for US inflation data later this week to reassess fundamentals. Gold is probably forming a consolidation or continuation pattern within a downtrend that is likely to go lower. Gold (XAU/USD) is trading in the $2,340s, making a modest pullback from oversold
Fundamental Overview The USD got a boost last week from the strong US PMIs which lifted Treasury yields and put in question the rate cut in September. Once the market digested the report and saw that there was more good news on the growth side than bad news on inflation, the USD strength faded fast.
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
Goldman Sachs raised its global oil demand forecast for 2030 on Monday and expects consumption to peak by 2034 on a potential slowdown in electric vehicle (EV) adoption, keeping refineries running at higher-than-average rates till the end of this decade. The research division of the bank raised its 2030 crude oil demand forecast to 108.5
Trading has been characteristically subdued in the Monday’s Asian session. Japanese Yen is have a broad but weak recovery, with no clear indication of a reversal from its recent selloff. Australian and New Zealand Dollars are also mildly firmer, following rebound in Asian stocks. Meanwhile, Swiss Franc and Euro are among the softer currencies, while
This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6
AUD/USD kicks off the new week on a positive note around 0.6632 on Monday. The US Durable Goods Orders came in better than expected; the UoM Consumer Sentiment Index was above the consensus. The hawkish stance of the RBA might support the Aussie in the near term ahead of Australian key data this week. The AUD/USD pair edges higher
The GBPUSD moved lower and to new week lows in the European trading session, but after testing is a 200-hour moving average, sellers turned to buyers and started a run to the upside. That move to the upside was helped by lower inflation expectations from the Michigan consumer sentiment report. Technically the price moved back
I posted the heads-up on this on Friday, including the early closing hours for Friday. Still to come, though, is the US holiday on Monday May 27 for Memorial Day All US stock and bond markets are closed on Memorial Day FX desks will be skeleton staff, if any. As for futures markets, its complicated,
Gold prices rose on Friday as the dollar slipped, but were headed for their worst week in five and a half months as hopes of interest rate cuts by the U.S. central bank tamed. Spot gold rose 0.2% to $2,332.77 per ounce as of 1:54 p.m. ET (1754 GMT) as the U.S. dollar index slipped
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT An exterior view of a Lowe’s home improvement store at the Buckhorn Plaza shopping center. Paul Weaver | Lightrocket | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey items. The home improvement retailer’s
The daily indicators remain in positive territory but somewhat flattened . The hourly charts reveal a temporary dip in the RSI and a MACD flattening, signaling a possible short-term consolidation. Pending bullish crossover between the 200 and 100-day SMA at 0.6040 could bolster the bullish momentum in future sessions. During Friday’s session, NZD/USD rose towards
The EURUSD sellers had their shot with the price moving below the 100-day MA yesterday and trying to stay below in the Asian session today. That move did not last as traders leaned against a swing area and the 100 bar MA on the 4-hour chart. Sellers turned to buyers and the price started to
UPCOMING EVENTS: Monday: UK/US Holidays, German IFO. Tuesday: Australia Retail Sales, Canada PPI, US Consumer Confidence. Wednesday: Australia Monthly CPI, Fed Beige Book. Thursday: Switzerland GDP, Eurozone Unemployment Rate, US GDP 2nd Estimate, US Jobless Claims. Friday: Tokyo CPI, Japan Retail Sales and Industrial Production, China PMIs, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Flash
Oil prices rose on Friday, but looked set for a weekly loss on lingering concerns that sticky inflation could lead to high interest rates for a longer period and curb fuel demand. The Brent crude July contract rose 74 cents to $81.85 a barrel as of 11:53 a.m. ET (1553 GMT). The more-active August contract
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT A customer shops at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items. The