New Zealand Dollar fell significantly in today’s Asian session, establishing itself as the day’s most underperforming currency at this point. The decline was sparked by RBNZ’s decision to maintain interest rate at 5.50%, a move that dashed the hopes of a small segment of the market that had anticipated a rate hike. Momentum of the
In this article RKLB Follow your favorite stocksCREATE FREE ACCOUNT An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab Rocket Lab is making steady progress on the development of its Neutron vehicle, as the company reported fourth-quarter results that saw its contract backlog soar above $1
Share: Gold price falls sharply as Fed policymakers maintain a hawkish narrative. The US Dollar strengthens as market expectations for early Fed rate cuts ease. Investors await the US core PCE inflation data for fresh guidance. Gold price (XAU/USD) comes under pressure in Wednesday’s European session as Federal Reserve (Fed) policymakers are not interested in
Nasdaq is approaching the all-time high close at 16057.44. While the Dow 30 index is lower, and the S&P is morbidly higher by 0.12%, the NASDAQ index is stretching to a new session high at 16045.34. That is getting closer to the all-time high close at 16057.44. Recall from last week, the price high intraday
Goldman Sachs CEO David Solomon spoke at a UBS Group conference on Tuesday. He says he is uncertain that the US can avoid a recession: The world is set up for a soft landing. The market certainly perceives there’s a very, very high delta to a soft landing. My own view is it’s a little
Gold prices inched up on Tuesday, buoyed by a weaker U.S. dollar and bond yields, ahead of a key inflation report and comments from Federal Reserve officials for further clues on when interest rate cuts will commence. Spot gold was up 0.4% at $2,038.15 per ounce as of 1229 GMT, hovering near its highest since
As the market transitions into early US session, Yen remains the best performer of the day, riding on Japan’s stronger-than-anticipated CPI data. Despite the positive undercurrent, Yen has yet to find decisive buying momentum, suggesting that most traders are still on the sideline. Meanwhile, Australian Dollar trails as the second strongest for now, followed by
Ali and Jamila Wright, co-owners of Brooklyn Tea. Courtesy: Brooklyn Tea Looking at the state of Black employment in America tells a mixed story: Much progress has been made in the age of the Covid-19 pandemic and beyond, but much is left to be done. In the nearly four years that have passed since the
In this article M Follow your favorite stocksCREATE FREE ACCOUNT The Macy’s logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. Michael M. Santiago | Getty Images Macy’s on Tuesday said sales fell nearly 2% in the holiday quarter, as the 166-year-old department store operator unveiled its
Share: GBP/USD lacked momentum on Tuesday. US data missed the mark, traders await US GDP. US PCE inflation also due this week for Fed watchers. GBP/USD cycled around 1.2680 on Tuesday as markets look for a fresh push from the Federal Reserve (Fed) with investors steadily pushing away from elevated rate cut bets. US Gross
USDJPY extends to new highs The USDJPY is moving to a new session high and in the process is extending above a swing area between 150.718 and 150.774. The next target comes against the high price from 2024 which was reached on February 13 at 150.88 (see chart above). Get above that level and traders
It’s been a quiet one in Europe as traders seem content to sit on their hands so far this week. It’s been a case of markets getting caught in a lull amid a lack of key economic data releases. And not even the usual month-end messiness is able to breathe life into things over the
Oil prices ticked up in early Asian trading on Monday, extending gains for the third straight day, as shipping disruptions spurred supply worries. Brent crude futures rose 16 cents, or 0.2%, to $82.69 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures (WTI) climbed 15 cents, or 0.2%, to $77.73 a barrel.
Japanese Yen found modest strength in Asian session today, lifted by stronger than expected consumer inflation data from Japan. At the same time, two-year yield climbed to its highest point since 2011 while Nikkei is steady. The data intensified speculations around BoJ’s move to abandon its negative interest rate policy. Almost all economists are expecting
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1
In this article U Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Unity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter. Here’s how the company did: Earnings per share: Loss of 66 cents. The results may not
Share: US stock index futures trade marginally higher following Monday’s choppy action. January Durable Goods Orders data will be featured in the US economic docket. Stock markets could react to US PCE inflation figures later in the week. S&P 500 futures rise 0.10%, Dow Jones futures are unchanged, and Nasdaq futures gain 0.19% ahead of
Share: USD/CAD continues Friday’s thin drift near the 1.3500 handle. Canada wholesale trade likely fell 0.6% in January. US New Home Sales rose 1.5% vs 7.2% previous, Durable Goods due tomorrow. USD/CAD is stuck in a slow drift near 1.3500 as markets gear up for the week. Economic data remains thin on Monday, and traders