Last Friday, the Nasdaq Composite rallied following the big beat in the NFP report as the market continues to bet on the soft-landing scenario. Yesterday, the index opened lower following the outbreak of the war in Israel but bounced back soon after and closed higher as the events in the Middle East are unlikely to
Kickstart your forex trading with a technical look at the technicals driving the EURUSD, USDJPY and GBPUSD. EURUSD: The EURUSD continued its move to the upside after stalling the fall yesterday ahead of the 100-hour MA. That move made it to a key technical swing area and retracement at the 1.0606 to 1.0616 area on
Prior 91.3 This marks 21 months in a row now that the index has come in below the 49-year average of 98. Of note, 23% of business owners continue to report that inflation remains their single biggest problem in operating their business – similar to last month. The full report can be found here.
10-year Treasury yields are down to 4.707% now after returning from the long weekend, down notably from 4.782% at the end of Friday. That being said, they are much higher than the opening gap lower of 4.636% earlier today. We already saw how stocks brushed aside the Middle East conflict yesterday, will we see the
Headlines: Markets: EUR leads, JPY lags on the day European equities higher; S&P 500 futures flat US 10-year yields down 7.9 bps to 4.702% Gold down 0.2% to $1,856.25 WTI crude down 0.4% to $86.04 Bitcoin down 0.2% to $27,520 It took less than a day for markets to brush aside the Middle East conflict
Sam Bankman-Fried’s legal team is looking for permission to probe the alleged involvement of FTX lawyers in the issuance of $200 million worth of loans from Alameda that were approved by Gary Wang. As previously reported in the build-up to the highly anticipated trial, an Oct. 1 court ruling provisionally barred Bankman-Fried from apportioning blame
The Canadian Bitcoin (BTC) mining company Hut 8 continues to accumulate self-mined BTC amid the ongoing merger deal with the industrial cryptocurrency miner, US Bitcoin (USBTC). Hut 8 mined 111 Bitcoin in September 2023, bringing its self-mined BTC reserves to 9,366 Bitcoin, the firm announced on Oct. 10. The amount of Bitcoin mined by Hut
Oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session as markets weighed the potential for supply disruptions as the conflict between Israel and the Palestinian Islamist group Hamas continued. Brent crude fell 18 cents, or 0.2%, to $87.97 a barrel at 0017 GMT, while U.S. West Texas Intermediate
Gold prices hit a more than one-week high on Tuesday, a day after posting sharp gains on increased market uncertainty due to the Middle East conflict as dovish remarks from top U.S. Federal Reserve officials weighed on the dollar and bond yields. FUNDAMENTALS * Spot gold rose 0.2% to $1,864.39 per ounce by 0117 GMT,
Strength in yellow metal was intact on Tuesday in the international and domestic markets as the crisis in the Middle East deepened. Gold has gained by over Rs 860 in two sessions and is at two week’s high. Moreover, the dollar index (DXY) slipped slightly, aiding the cause of gold. The MCX December gold futures
The beginning of the week is marked by heightened risk aversion and increasing geopolitical uncertainties, primarily stemming from escalating conflicts in the Middle East. The upswing in geopolitical tensions is casting a shadow, prompting a noticeable shift towards safe-haven assets like gold, oil, safe-haven currencies. Japanese Yen emerges as the strongest contender in Asian session,
The global financial markets are responding with caution to the rising tensions in the Middle East. However, this sentiment is tempered and contained, with significant shifts and trends yet to be firmly established. European stock markets are reflecting a subdued sentiment, with DAX and CAC registering modest declines, and FTSE remaining mostly flat. The anticipated
Japanese Yen is trading on a softer note in Asian session as the rebound witnessed yesterday begins to lose steam. A notable comment from Japan’s Finance Minister Shunichi Suzuki raised some interest among market observers. Suzuki attributed the ongoing weakening of Yen partly to interest rate differentials, steering away from the customary practice of solely
Attendees arrive at the event campus on the opening day of the annual meetings of the International Monetary Fund (IMF) and World Bank in Marrakesh, Morocco, on Monday, Oct. 9, 2023. Bloomberg | Bloomberg | Getty Images The International Monetary Fund on Tuesday released its latest World Economic Outlook, which revised its forecast for U.S.
In this article PEP Follow your favorite stocksCREATE FREE ACCOUNT Pepsi products at a convenience store in Crockett, California, June 16, 2023. David Paul Morris | Bloomberg | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations and raised its outlook for its full-year earnings. Shares of the company rose 2% in
Share: Natural Gas prices jump to $3.59. The US Dollar eases as markets turn towards risk on. US Natural Gas prices could reach $4 if further supply hiccups emerge. Natural Gas prices keep pressing higher as supply towards Europe is getting cut short from all sides. First and foremost the Australian ports are due to
Share: EUR/JPY fades Monday’s drop and climbs to the 158.00 region. Further side-lined trade appears favoured so far. EUR/JPY sets aside Monday’s small pullback and resumes the upside to the boundaries of the 158.00 zone on Tuesday. In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a
Share: Gold price scales higher for the second straight day and climbs to over a one-week high on Monday. Escalating geopolitical tensions in the Middle East provide a strong lift to the safe-haven XAU/USD. Hawkish Fed expectations, elevated US bond yields underpin the USD and cap gains for the metal. Gold price (XAU/USD) witnessed a