Australian Dollar remains tepid as market bias leans towards RBA adopting a dovish stance. Australia’s central bank may consider cutting interest rates in the second half of 2024. US Dollar strengthens as recent data suggests that the Fed may delay implementing rate cuts shortly. The Australian Dollar (AUD) extends its losses for the second successive
The has moved up to a new session high at 5262.47, and in the process is trading at a new intraday all-time high price extending above the March 21 at 5261.10. The S&P is looking to end the quarter with gains of over 10% and the largest first-quarter gain since 2019. The current gain is
It is shaping up to be a quiet one as we look towards the session ahead today. That is to be expected though as the Easter bunny is here to visit. Major currencies are subdued with little to work with in general for the time being. US markets will be open though, and that will
Gold price climbed Rs 350 to Rs 67,350 per 10 grams in the national capital on Thursday amid strong trends in the international markets, according to HDFC Securities. Extending its gains for the second straight session, the price of the precious metal had settled at Rs 67,000 per 10 grams in the previous trade. Silver
Nikkei tumbled sharply in Asian session today, largely in response to Yen’s rebound late yesterday, which followed strong verbal interventions by Japanese officials aimed at curbing the currency’s recent weakness. Additionally, profit-taking activities could be another factor as markets gear up for an extended holiday weekend. Yen’s rebound,while notable, has not yet demonstrated strong momentum,
Canadian Dollar is regaining lost ground after upbeat Canadian GDP data. US Dollar looks weak despite good US Jobless claims, upward revision of Q4 GDP. The focus is now on Friday’s PCE Prices Index and Fed Powell’s speech. The Canadian Dollar (CAD) is trading higher for the fourth consecutive day on Thursday, yet with price
The price of crude oil is trading up $1.41 or 1.73% today at $82.77. With 1Q quarter end approaching, the price is up a solid 15.53%. The price at the end of the year closed at $71.65. The gain is the largest since Q3 in 2023 when the price surged 28.52% only to then decline
Synopsis: Bank of America reaffirmed its bullish stance on EUR/USD, projecting the pair to reach 1.15 by the end of 2024, in contrast to the more conservative consensus forecast of 1.10 for this year and 1.14 by 2025. BofA’s optimism stems from expectations of a weaker dollar driven by moderating inflation and anticipated Federal Reserve
Oil prices rose on Thursday, following two consecutive sessions of decline, as investors anticipated tighter supplies given the OPEC+ producer alliance is widely expected to stay the course on its current production cuts. Brent crude futures for May were up $1.23, or 1.4%, at $87.32 a barrel, while the more actively traded June contract rose
Dollar initially gained momentum in European session and breaks through near term resistance against Euro. However, the greenback then saw a swift reversal as the market transitioned into US session. Despite a stronger final reading for US Q4 GDP, the impact on the greenback was muted, attributed largely to the data’s perceived obsolescence given the
In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Andrew Kelly | Reuters Walgreens on Thursday reported fiscal second-quarter sales that beat Wall Street’s expectations, but lowered the high end of
In an interview with the Financial Times (FT) on Thursday, Bank of England (BoE) policymaker Jonathan Haskel warned against rushing to cut interest rates. Haskel said that “I think cuts are a long way off.” Additional quotes Fall in headline inflation is very good news. But what we really care about is persistence and underlying
The major US stock indices are closing higher helped by a late day buying spree. The S&P closed at a record high (its 21st this year). The small-cap Russell 2000 was the biggest mover after rising 2.13% on the day. Although the S&P index closed at a record high level, it did not reach its
It’s not the most exciting of weeks for bonds, as the action has trended rather sideways. 10-year yields in the US have been sticking around 4.20% to 4.25% for the last few days. And for the most part, that owes to some technical pull as seen in the chart below: US Treasury 10-year yields (%)
Gold prices rose in the opening trade on Thursday tracking positive trade in the international prices. The gains in yellow metal were on the back of some let-off in the dollar index (DXY). The MCX April gold futures were trading at Rs 66,491 per 10 grams, rising Rs 124 or 0.19% while May silver futures
Japanese Yen breached its recent low against the broadly strong Dollar in Asian session today, but the selloff halted just before reaching 152 mark. The momentum of Yen’s decline appears to be cushioned by Japan’s heightened verbal intervention. Finance Minister Shunichi Suzuki issued a stern warning about Yen’s depreciation, warning of “decisive steps” to support
Dow Jones is leading gains in pre-holiday session on Wednesday. Wall Street Indexes are trading higher with one eye on Fed Governor Waller’s speech later today Investors are looking from the sidelines ahead of Friday’s PCE Prices Index data. The Dow Jones Industrial Average (DJIA) is leading the major US stock indexes higher early
US 10-year yields are at a two-week low, down 4.6 bps to 4.188% and at the lows of the day. That comes after a strong seven-year auction to follow up on yesterday’s firm 5-year result. The auction sizes this week are huge but the demand is there, at least in terms of quarter-end flows. The