Share: Australian Dollar depreciates for the second straight session on weaker inflation data from Australia. Australia’s Monthly CPI reported 3.4% in December, down from November’s 4.3%. Traders expect two rate cuts from the Reserve Bank of Australia in 2024. Chinese Non-Manufacturing and Manufacturing PMI improved to 50.7 and 49.2, respectively, in January. Fed is expected
The broader US stock indices are getting it ahead of the earnings after the close including Microsoft and Alphabet. The NASDAQ index is leading the way with the decline of -124 points or -0.80% at 15504.51. The S&P index is now down -11 points or -0.22% at 4917.03. The Dow Industrial Average remains higher by
After the close, both Microsoft and Alphabet will announce their latest results. What are analysts expecting? Adjusted Earnings Per Share (EPS): Expected $2.77, up from $2.32 in the same quarter last year. That is an increase of 19.39% Revenue: Expected $61.14 billion, up from $52.7 billion in the same quarter last year. That is an
Gold prices climbed to a two-week high on Tuesday, supported by a softer dollar and lower Treasury yields while focus turned to the Federal Reserve‘s policy meeting for insight into how soon it will cut interest rates this year. Spot gold was up 0.8% at $2,047.96 per ounce by 09:25 a.m.(1425 GMT), after hitting its
Euro recovers broadly today, as lifted by GDP data that indicated the Eurozone economy has narrowly averted a technical recession. This positive development has also led to a notable rebound in Germany’s benchmark treasury yields. Meanwhile selling pressure has shifted Sterling and Swiss Franc, both of which are ceding some of their recent gains against
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year. Hannah Mckay | Reuters LONDON — The U.K. government should not introduce further tax cuts this year, the International Monetary Fund said Tuesday, as its chief economist argued the national budget needed the money for public services
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella, left, departs from federal court in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft will report fiscal second-quarter earnings after the market close on Tuesday. Here’s what analysts polled by LSEG, formerly known as Refinitiv,
Share: Mexican Peso notches minor gains with USD/MXN trading at 17.23, up 0.03%, as investors assess economic indicators from Mexico. Mexican GDP growth falls short of expectations, influenced by Banxico’s aggressive interest rate policy now at 11.25%. In the US, Consumer Confidence improves and the robust labor market is highlighted by the latest JOLTs report,
Learn the most profitable skill and start making anywhere from $,4,000 to $6,000 per month: https://trading.swingtradinglab.co/120 FREE TELEGRAM : https://t.me/+FVdvtMR5PzVmZjlh Best Funding Company – https://rocket21challenge.com MY only instagram VERIFIED are @ fxalexg and @ swingtradinglab lets gooo stay tuned for all educational videos about forex and how to become a profitable trader. In order to
🟢MUST JOIN Telegram Channel 👉 : https://telegram.me/shivamtradingacad 👉 Join now – Aatmnirbhar LIVE Training and mentorship Programme (30 days – Live Classes ) : https://lopsr.courses.store 👉👉OPEN FREE demat account in any of below brokers using below links and get 1. Basic to Advanced DATA DECODING COURSE for FREE💕 2. Special PREMIUM GROUP access for FREE
The lower than expected borrowing numbers from the Treasury is leading to: Stocks moving higher Bond prices moving higher/yields lower, and the USD to the downside. Looking at the US stock market, the NASDAQ index is now up 163 points or 1.05%. The S&P index is up 33.81 points and trades at a new record
The dollar lost some ground yesterday after bond yields dropped following the Treasury quarterly refunding estimate here. 10-year Treasury yields are now down to 4.05%, dipping below its 200-day moving average. That’s a notable technical development as we gear towards the Fed meeting tomorrow. Equities took full advantage of that as the S&P 500 and
Gold prices flitted in a tight range on Tuesday ahead of the U.S. central bank’s verdict on rates and comments from Chair Jerome Powell for clarity on the timing of easing monetary policy, though a weak dollar and lower bond yields lent support. FUNDAMENTALS * Spot gold held its ground at $2,030.90 per ounce by
Dollar declined broadly overnight, US Treasury’s borrowing plan for Q1 that spurred rally in the stock market, propelling it to new record highs while simultaneously exerting downward pressure on yields. Despite this shift, the greenback remains largely within its recent trading range. Market participants seem to be holding the substantial bets for now, awaiting the
Share: Japan’s Prime Minister Fumio Kishida told parliament on Tuesday that they will do “everything possible” to bolster household income. Additional quotes The biggest mission for my administration is to revive the economy. The economy, particularly wage hikes, is an urgent issue. By achieving wage hikes, will build a positive mindset in society that it’s
The USDCAD is trading up and down today with a high rate up at 1.3464, and a low price at 1.3425. In between, sits its 100-bar moving average at 1.34355. The range today sitting between a bigger range defined by it 200-day moving average above at 1.34828. The high prices from Friday stalled against that
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 dipped on Monday in choppy trade as China’s ailing property sector sparked demand worries, while rising tensions over the weekend in the Middle East intensified oil supply concerns. Brent crude futures were down 62 cents to $82.93 a barrel by 1430 GMT while U.S. West Texas Intermediate crude futures were down 59 cents