The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together. British Finance Minister Jeremy
Share: NZD/USD grapples to gain ground after retreating from a five-month high at 0.6298. Improved US data showed positive signs for the US economy, providing support for USD. Investors await US GDP data for further impetus on the US economy. NZD/USD holds its position below 0.6250 during the early European hours on Thursday, struggling to
The USDCAD is making a new session high and in the process is taking a peek above a swing area between 1.3348 and 1.3353. Getting and staying above the area, and then testing – and moving above – the falling 100-hour moving average at 1.37707 would be needed to increase the bullish bias and give
USD/JPY vs US Treasury 10-year yields (%) daily chart The post-BOJ bounce sure did not last long as the pair fails to push above the 145.00 mark before the latest retreat. The drop now sees the pair fall to 142.90 and closes in on the 200-day moving average (blue line) at 142.70. A drop below
Gold witnessed a minor uptick in the early trade on Thursday amid slippages in the dollar index (DXY). Investors await for more economic data in the US to gauge which way the Federal Reserve could move. On Friday, the world’s largest economy will release the November core personal consumption expenditure (PCE) index report, the Fed’s
Yen rebounds broadly in today’s Asian trading session, buoyed by optimistic revisions in Japan’s economic growth forecasts. The government, in its semi-annual economic report, upgraded its growth projections for both the current and next fiscal years. Forecast for fiscal 2023 was raised from 1.3% to 1.6%, while projection for fiscal 2024 saw an increase from
Share: The Mexican Peso is middling on Wednesday but keeping close to the top end. Mexico’s October Retail Sales came in better than expected. US Dollar flows helping to prop up MXN despite a dovish Banxico. The Mexican Peso (MXN) is holding in place, pinned into recent highs against the US Dollar (USD) as broad-market
USDCAD bounces in the swing area on the daily chart The USDCAD fell to a new cycle low and moved into a swing area between 1.3298 to 1.3320. The low price has reached 1.33146. The price has bounced back as traders leaned in the swing area on the first test. The price is back above
Prior was 4.780% Bid to cover 2.55 vs 2.36 prior, recent average 2.68 The 20-year has the fattest yields on the curve but it wasn’t enough as we get a 1.5 bps tail. I get the sense the market sniffed this out in the past few hours as yields moved up in a concession. US
Gold price jumped Rs 300 to Rs 63,100 per 10 grams in the national capital on Wednesday amid strong cues in international markets, according to HDFC Securities. The precious metal had closed at Rs 62,800 per 10 grams in the previous trade. Silver also rallied Rs 800 to Rs 78,500 per kilogram. In its previous
Sterling faced a broad decline today following release of UK CPI data, which indicated that inflation slowed more significantly than anticipated. This unexpected deceleration in inflation has led markets and economists to quickly adjust their expectations for BoE rate cut. The markets are now fully pricing the first 25bps reduction as early as May, with
Share: Indian Rupee edges lower despite the softer USD. The Reserve Bank of India (RBI) pushed back against the IMF, saying the intervention in the currency market was excessive. Q3 US GDP growth, Core Personal Consumption Expenditures Price Index (PCE) will be closely watched this week. Indian Rupee (INR) trades on a softer note on Wednesday
USDCAD runs to swing area between 1.3298 to 1.33203 USDCAD is moving to a new low going back to early August. The fall takes the pair toward the swing area that was in play earlier this year. That area on the daily chart comes in between 1.3298 to 1.33203. In April and May swing lows
It remains hard to say. The memo below shows that they met to discuss the Bitcoin ETF listing under the Nasdaq Rule 5711(d). The rule pertains more to regulatory guidelines, specifically the “surveillance and compliance measures to ensure market integrity and protection against fraudulent activities”. (h/t @ CoinDesk) For some context, the group already met
Gold’s range-bound trade continued on Wednesday as investors waited for more economic data in the US to gauge which way the Federal Reserve could move. On Friday, the world’s largest economy will release the November core personal consumption expenditure (PCE) index report, the Fed’s preferred measure of underlying inflation. Taking cues from the price of
Robust risk-on sentiment was seen in the US markets overnight, with DOW extending its record-breaking run. S&P 500 is also approaching its historical peak, now just 50 points shy, and appears poised to challenge this high. The bullish momentum is underpinned by messages from Fed officials, suggesting that while an immediate rate cut is not
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group | Getty Images FedEx shares tumbled 8% in after-hours trading Tuesday after the package delivery giant lowered its revenue forecast as weaker demand hit sales.
Share: Mexican Peso advances against the US Dollar, USD/MXN threatens 17.00 support area. Mexico’s economic docket ahead includes Retail Sales on Wednesday, followed by Thursday’s inflation data. US housing data was solid but failed to move the needle in favor of the US Dollar, which remains on the defensive. The Mexican Peso (MXN) continues to