The GBPUSD tried to get above its 100-hour moving average for the 3rd day in a row. This time, the time above was quick (and the quickest of the three – see blue line on the chart below). The point is that buyers had their shot once again and the hurdle was the easiest this
US stocks are closing the session at the lows with the Nasdaq index leading the way. The final numbers are showing: Dow industrial average -286.91 points or -0.86% at 33127.27 S&P index -53.84 points or -1.26% at 4224.15 NASDAQ index is down -202.38 points or -1.53% at 12983.80 For the trading week, the NASDAQ fell
The commodity market can be attractive for trading for several reasons, but it’s important to note that whether it is better for trading depends on your individual financial goals, risk tolerance, and trading strategies. The commodity market is popular because of its simplicity, and this market has the benefits of diversification, hedging, inflation hedges, liquidity,
As geopolitical tensions rise, the financial markets are inundated with heightened volatility and uncertainty. The bond market is particularly sensitive, evidenced by the 10-year Treasury yield soaring to 5% for the first time since 2007. This spike is multifaceted, driven in large part by a ballooning bond supply and the persistent geopolitical crises. Amidst these
In this article PG Follow your favorite stocksCREATE FREE ACCOUNT Tide laundry detergent is shown on display in Compton, California. Mike Blake | Reuters Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared
Share: EUR/JPY climbs for the second straight day, breaking above 158.92, but closes at 158.74. BoJ’s ultra-loose monetary policy pressures JPY, while positive EU data reduces a possible ECB rate hike. Technical analysis shows potential for further gains, with YTD high at 159.76 as next target for buyers. EUR/JPY climbed for the second straight day,
The market still fears the 150.00 level in the USDJPY. There was a run above at the start of the month and a quick 280 PIP move back to the downside. This week, there was a 100 PIP tumble in a minute of trading on another BOJ fear schism. Technically, move above the 150.00 level,
Markets: WTI crude down 20-cents to $88.14 US 10-year yields down 7.6 bps to 4.91% Gold up $5 to $1978 S&P 500 down 56 points, or 13% GBP leads, NZD lags Equities took another beating but there were signs of optimism elsewhere. Buyers arrived in fixed income after a test of 10s early in US
Microsoft looks set to go all-in on artificial intelligence, with CEO and chairman Satya Nadella outlining intentions to integrate AI with essentially all its customer solutions and every layer of tech stacks. The firm has made several significant AI plays in 2023, with its partnership with OpenAI and its web browser-integrated AI Copilot being key
Gold price rallied Rs 750 to Rs 61,650 per 10 grams in the national capital on Friday amid strong cues in overseas markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 60,900 per 10 grams. “Gold price advanced on Friday, following strong gains in the overseas market,” Saumil
Swiss Franc continues to dominate as this week’s top-performing currency, as the global financial markets are under influence of mounting geopolitical tensions. Reports suggest that Israel might be preparing for ground operations against Hamas. The country’s Defence Minister, Yoav Gallant, has reportedly alerted troops that they will soon see Gaza “from inside”, and “the command
Janet Yellen, U.S. Secretary of the Treasury, participates in a global infrastructure and investment forum in New York on Sept. 21, 2023. Pool | Via Reuters The federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the U.S. Department of the Treasury announced Friday. Wrapping up a
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Thomas Trutschel | Photothek | Getty Images LOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Wednesday. The streaming company is still navigating its transformation from focusing on subscriber growth to focusing on profit, using price hikes, password crackdowns and
Share: Mexican Peso remains defensive, as it registered over 0.70%% weekly loss vs. the US Dollar. Mexico’s August Retail Sales mixed as the economy decelerates. Geopolitical risks cap Peso’s gains, including tensions in the Middle East and US military base attacks. Mexican Peso (MXN) stays firm versus the US Dollar (USD) as Wall Street closes,
The AUDUSD is in the midst of a down-and-up market today. The move to the downside did find support against the lows from yesterday near 0.62953 (and above the low from last week and 0.62858 too). The low price today reached 0.62967. The price rebound has moved up toward the high from the early Asian
Nasdaq Comp daily The Nasdaq continues to bleed lower and is now within striking distance of the September 27 intraday low of 12,963. The S&P 500 chart looks similar and the Russell 2000 has already broken down. Few investors are willing to step in until after we see how far the Gaza war extends and
The quantum of inflow into gold exchange-traded funds dropped to Rs 175 crore in September after hitting a 17-month high in the preceding month, owing to profit booking. Apart from the inflows, the asset base of Gold Exchange Traded Funds (ETFs) also decreased in the period under review, as per the data from the Association
Global stock markets continues to face turbulence today, with Asian indices wrapping up in the negative zone, European markets showcasing bearish sentiments, and US futures indicating a subdued opening. A heightened sense of caution permeates the investment community due to the intensifying conflict between Israel and Hamas in the Gaza strip, fueling concerns of possible