USD/JPY daily chart The pair just touched a low of 148.20 on the day, its lowest level in six weeks, as the dollar is finding it tough to stay afloat in the new week. The drop continues the downside momentum from last week after USD/JPY fell past the 150.00 mark and is now sliding further,
A slight uptick in the US bond yields negated the advantage of the fall in the dollar index (DXY) as gold traded with minor gains in the early trade on Monday. Taking cues from the international prices, MCX December gold futures opened with small gains and were trading at Rs 60,713 per 10 gram in
Dollar’s selloff intensified in today’s Asian session, underpinned by strong risk-on sentiment prevalent in the market. This move was particularly evident in USD/JPY, which saw broke through an important near-term support level around the 149 mark, signaling the prospect for further decline. Yen’s strength was mirrored by Chinese Yuan, while the Australian and New Zealand
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year. The German economy ministry announced late on Tuesday that
Argentina’s Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa. With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data. Massa, the country’s minister of economy, called Milei to congratulate
Share: Stock Market Report: Analysis and trading strategies: NASDAQ, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL.Stock Market Summary: Expecting further upside this week, as we are not at the end of this current trend. We are however in the later stages of the trend, so managing
The GBPUSD is trading below the 200H MA/38.2% retracement Like the EURUSD (see post here), the GBPUSD moved sharply higher on Tuesday helped by the weaker CPI data. That took the pair above its 200-day moving average currently at 1.2443, and 38.2% of the move down from the July high at 1.2458. The high price
Rating actions from Moody’s noted, some positive news for these euro countries: Moody’s upgrades Portugal’s ratings to A3 and changes Outlook to Stable Moody’s affirms Italy’s Ratings At Baa3, and changes the Outlook to Stable from Negative Meanwhile DBRS Morningstar has confirmed the UK At AA, with a stable trend. (The above are all weekend
Oil prices dropped on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from Asia. Brent futures fell 28 cents to $80.90 a barrel by 0001 GMT. U.S. West Texas Intermediate crude (WTI) lost 31 cents to $76.35 a barrel. Both benchmarks
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT A Target department store in North Miami Beach, Florida, on May 17, 2023. Joe Raedle | Getty Images Target will report fiscal third-quarter earnings on Wednesday, as the company tries to claw its way back from a string of disappointing results and high-profile setbacks. Investors
Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not hiking anymore. Fed’s Susan Collins was seen as hawkish on Friday. At the
USDCHF remains below the 0.8900 level. Sellers in control. The tumble lower in the USDCHF took the price below its 100-day moving average at 0.8896 (blue overlayed step line on the chart above), 50% retracement at 0.88999, and Swing level near the 0.89000 level (see red circles on the chart above). Since then, the price
AI image The upcoming week features a series of significant economic releases, auctions, and reports that market participants will be watching closely. Monday, November 20 The week kicks off with a Treasury auction of 20-year securities worth $16 billion, an event that will give us insights into market demand for long-term government debt. It comes
Gold prices rose slightly on Friday, on track for their first weekly gain in three, as investors grew confident that the U.S. Federal Reserve is done raising interest rates, sending the dollar and Treasury yields lower. FUNDAMENTALS * Spot gold was up 0.2% at $1,984.26 per ounce, as of 0059 GMT, after hitting its highest
Exterior view of the Siemens Forum, part of the Siemens Headquarters, in Munich, Germany. Getty Images Siemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts, but expects a slowdown in 2024. The German industrial conglomerate projects sales
The synergy between NFTs and DApps creates a dynamic ecosystem where digital ownership, decentralized finance and programmable assets converge, offering innovative solutions across various industries. Intersection of NFTs and DApps Decentralized applications (DApps) and nonfungible tokens (NFTs) are two important components of the blockchain and cryptocurrency ecosystems. Despite their disparate functions, there are several instances
Share: The AUD/JPY saw a late break higher in Friday’s broad-market sentiment recovery. The Aussie is catching a bounce from the 200-hour SMA and a rising trendline. The technicals are leaning bullish with more upside on the cards, but headwinds remain. The AUD/JPY snuck over the 97.50 level just ahead of the Friday closing bell,
Today, the AUDUSD has moved up from a swing area support between 0.6445 and a 0.6455 (see red numbered circles on the chart below). The subsequent move to the upside took the price back above its 100-day moving average of 0.64874 (blue overlay line on the chart below). That moving average is – and remains