In this article C Follow your favorite stocksCREATE FREE ACCOUNT Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup
Share: GBP underperforms after mixed GDP data for November. Economists at Scotiabank analyze Cable’s outlook. Intraday support is 1.2690/1.2700 UK November GDP rose a stronger than expected 0.3% MoM but fell slightly more than forecast in the 3M/3M comparison (-0.2%). November GDP data suggest economic growth trends remained weak late last year, with a Q4
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The AUDUSD moved lower with the dollar buying today and in the process, fell below a floor at 0.66767 that defined the low of what has been a narrow trading week (from low to high only about 60 pips). The extension lower saw the price extend to a new low for the week to 0.6646
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 higher on Thursday, supported by a softer dollar ahead of a consumer inflation report due later in the day that could shed some light on the U.S. Federal Reserve’s interest rate trajectory. FUNDAMENTALS * Spot gold was up 0.2% at $2,028.19 per ounce, as of 0135 GMT. U.S. gold futures rose 0.3%
The financial markets’ initial reactions to stronger than expected US CPI readings are relatively subdued. While there was an immediate response with Dollar and yields rising, and stock futures dipping, these movements lacked significant follow-through. The exception in the currency markets was USD/JPY, which broke through last week’s high. However, this move is attributed to
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department reported Thursday. For the period from October 2023 through December 2023, the budget
Share: The US and UK forces carried out attacks against multiple Houthi targets in Houthi-controlled regions of Yemen on Thursday, according to CNN. The strikes are a significant reaction after the Biden administration and its allies warned the Houthi that the consequences of repeated drone and missile attacks on commercial ships in the Red Sea
The price of crude oil futures is settling at $71.37. That is day $0.87 or -1.20%. The low price for the day reached $71.01. The high price was at $73.59. The weekly EIA inventory data showed larger-than-expected builds in crude, gasoline, and distillates. That helped to push the price lower and in doing so, the
Headlines: Markets: NZD leads, USD lags on the day European equities a little higher; S&P 500 futures up 0.1% US 10-year yields down 3.6 bps to 3.994% Gold up 0.5% to $2,033.21 WTI crude up 2.0% to $72.81 Bitcoin up 2.6% to $47,198 It was a rather sluggish session overall as markets are waiting on
Gold traded in a tight range in yet another session on Thursday though the bias was positive following a fall in the dollar index (DXY) ahead of the US inflation print due later today. Taking cues from the international market, MCX February gold futures were trading in the green, around Rs 62,100 per 10 grams,
Dollar saw notable decline against most major currencies, maintaining its softer tone in the Asian trading session today, with the exception of its performance against Yen. This selloff amidst a backdrop of improving risk sentiment, reflected by the uptick in major US stock indexes. Investors’ attention is now squarely focused on the forthcoming release of
Vanishing Turkish Currency: 1 Turkish Lira with the Portrait of Kemal AtatürkTurkish Manuel Augusto Moreno | Moment | Getty Images The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback just before noon local time. It marks the first time that the lira has broken
Share: USD edges marginally lower ahead of the December Consumer Price Index (CPI) report. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes how US inflation data could impact the Dollar. Markets are looking for soft inflation data Price action suggests that markets are looking for soft inflation data – a decent bet as recent US inflation
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The comments from NY Fed President were a bit more hawkish: Federal Reserve’s Monetary Policy Stance: Stresses the need for a restrictive policy stance for some time. Suggests the Fed can cut rates when confident that inflation is moving back to 2%. Reiterates that the Fed’s work to bring inflation back to 2% is 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