The AUDUSD moved higher to retest the swing area ceiling area before the RBA rate decision and found willing sellers. That ceiling area comes in between 0.6635 and 0.6648. The rotation lower after the rate decision, took the price down toward the 100 day MA at 0.65765. That moving average was resistance last week, before
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 edged up for a second session on Tuesday, after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year. FUNDAMENTALS * Spot gold rose 0.2% at $2,327.11 per ounce, as of 0034 GMT. U.S. gold futures firmed 0.2% to $2,336.20.* Traders are pricing in a 64% chance
The forex markets are displaying some calmness today. While Dollar is trading as the strongest performer, it lacks clear upside momentum indicating a reversal of the decline started last week. With no significant economic data expected from the US for the remainder of the week, Dollar’s next move hinges on shifts in risk sentiment and
Federal Reserve (Fed) of Minneapolis President Neel Kashkari hit newswires for the second time on Tuesday as the Fed official weighs in on the Fed’s inflation and interest rate outlook for the rest of the year. Key highlights Most likely scenario is rates stay put for an extended period. If disinflation returns, or we see
Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden’s chances at getting reelected, billionaire investor Stanley Druckenmiller said Tuesday. During an appearance on CNBC’s “Squawk Box,” the head of Duquesne Family Office who made his name betting against the British pound in the early 1990s blasted fiscal
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023. Mario Anzuoni | Reuters For Disney, the future is now. It’s been five years in the making, but Disney nearly turned a
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
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
As the U.S. dollar weakened after softer-than-expected U.S. jobs data, Gold and Silver prices on MCX opened on a flat note on Tuesday. Gold June futures contracts were down by Rs 19 or 0.03% to trade at Rs 71,350 per 10 grams while MCX July silver contracts fell by Rs 72 or 0.09% to Rs
In the aftermath of RBA’s decision to maintain interest rates unchanged and the absence of explicit hawkish signals, Australian Dollar weakens mildly. Despite notable upgrades in inflation forecasts, the central bank opted for a cautious approach, refraining from signaling imminent rate hikes and maintaining a stance of “not ruling anything in or out.” Recent stronger-than-expected
Gold price trades in negative territory on Tuesday amid the renewed USD demand. A downbeat US jobs data for April prompted speculation of potential rate cuts by the Fed in the coming months. Investors will keep an eye on Fed’s Kashkari’s speech later on Tuesday. Gold price (XAU/USD) loses its recovery momentum on Tuesday. The
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates standing in the way of the American housing
In this article PLTR Follow your favorite stocksCREATE FREE ACCOUNT Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC. Alex Wong | Getty Images Palantir shares fell 10% in extended trading on Monday after the defense tech
Mexican Peso appreciates, trading at 16.90 against US Dollar, a 0.26% decline for USD/MXN amid a busy economic week. Mexico’s key economic events include Consumer Confidence and auto data, the Consumer Price Index (CPI) and Banxico’s policy decision. External factors like the US employment report’s impact and upcoming US economic data could further sway the
The AUDUSD raced higher on Friday, but found willing sellers near a key swing area between 0.6635 and 0.6648, before rotating back to the downside. In trading today, the price will back up to retest that swing area only to find willing sellers again. Needless to say, getting above that area is needed to increase
A leading Hamas source says: Qatari/Egyptian mediators says Hamas has agreed to their cease-fire proposal Hamas agreed to a modified Egyptian proposal …BUT, a Israeli army radio journalist said that: Hamas agreed to a modified cease-fire proposal which differs from the formula approved by Israel. The modified plan is unacceptable to Israel Meanwhile Hamas is
Gold prices eased in early Asian hours on Monday as the dollar ticked up, while traders awaited comments from a series of Federal Reserve officials for more cues on U.S. interest rate cut timeline. FUNDAMENTALS * Spot gold was down 0.3% at $2,294.97 per ounce, as of 0040 GMT. U.S. gold futures slipped 0.3% to