Share: Dow Futures (YM) has broken to new all-time high, suggesting the trend remains firmly bullish. It also suggests the next bullish cycle has started. Short term, rally from 11.10.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 11.10.2023 low, wave ((i)) ended at 36337 and dips in
US 2 year yield is trading at lowest level since June The US 2-year yield is now down -29 basis points at 4.439%. That is the lowest level since June and the largest one-day decline since March. Looking at the daily chart the prices approaching its 50% midpoint of the move up from the March
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 extended gains to a one-week high on Thursday after the U.S. Federal Reserve flagged an end to its tightening cycle and signalled lower borrowing costs in 2024, sending the dollar and Treasury yields tumbling. Spot gold was up 0.2% at $2,031.28 per ounce, as of 0130 GMT, after rising 2.4% on Wednesday. U.S.
As the markets eagerly await FOMC rate decision and the release of new economic projections, Dollar is currently holding steady within a narrow range. The spotlight is particularly on the revised dot plot, as it is expected to provide crucial insights into the pace of monetary policy easing by Fed in the coming year. Investors
Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023. Kevin Lamarque | Reuters The Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge
In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Shantanu Narayen, CEO, Adobe Linda Dimyan | CNBC Adobe shares dropped more than 6% in extended trading on Wednesday after the software maker posted a lighter-than-expected forecast for 2024. Here’s how the company did, compared with consensus estimates from LSEG, formerly known as Refinitiv: Earnings:
Share: Mexican Peso opens the session soft as traders trim positions awaiting Powell and Co. Prices paid by producers in the US cooled down, adding to the dovish narrative around the Federal Reserve. USD/MXN could aim towards 18.00 if the Fed delivers a hawkish message. Mexican Peso (MXN) weakened against the US Dollar (USD) early
The NZDUSD moved lower in the Asian session as lower food price inflation data, and a shift in policy focus from the RBNZ from targeting employment and inflation, to just targeting inflation. The data and the policy decision helped to push the NZDUSD to new lows for the week and to the lowest levels since
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 were little changed in early Asian hours on Wednesday as investors strapped in for the U.S. Federal Reserve’s interest rate decision and policy outlook later in the day. FUNDAMENTALS * Spot gold was flat at $1,980.58 per ounce, as of 0059 GMT. U.S. gold futures edged 0.1% higher to $1,995.80. * The Fed’s
The currency markets are currently in a state of anticipation, with Dollar trading within familiar range as investors await FOMC rate decision. The critical question facing the markets is whether Fed will signal the pace of rate cuts in its updated dot plot. In September, the median projection indicated the federal funds rate would remain
Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday. The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month, following a 0.4% decrease in October but less than the Dow Jones estimate for a 0.1%
Share: EUR/USD halts its two-day winning streak ahead of monetary decisions from both economies. Technical indicators suggest a potential revisit to the weekly low at 1.0741. A breakthrough above the 1.0800 level could lead the pair to reach the 14-day EMA at 1.0816. EUR/USD halts to continue a two-day winning streak ahead of the monetary
Dow is approaching all time high levels The Dow Industrial Average is only about 0.60% away from its all-time high close and about 1% away from its all-time high price at 36952.65. The all-time high close comes in at 36799.66 (January 4, 2022). For the S&P index, the index is still 3.78% away from its
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
BEIJING – Oil prices consolidated losses on Wednesday in Asian trade, after falling by more than 3% to six-month lows in the previous session on oversupply and demand concerns. Brent crude futures for February inched down 1 cent to $73.23 a barrel by 0207 GMT. U.S. West Texas Intermediate crude futures for January dropped 2
Dollar softens slightly in today’s Asian session, as the global markets await forthcoming US consumer inflation data. Headline CPI is anticipated to show a modest deceleration to 3.2% in November, while core CPI is expected to remain stubbornly high at 4%. Fed’s mandate to bringing inflation down to its 2% target necessitates a persistent slowdown