Prior +7.6% HICP +6.7% vs +6.8% y/y expected Prior +8.0% It would seem Italian inflation is easing further as we head towards the end of Q2 and that is encouraging for the ECB and the economy ahead of the other data this week. While it is still well above the 2% threshold, the fact that
Bullion traded in the green on the MCX in Wednesday’s early trade aided by an almost flat Dollar Index (DXY). The DXY was hovering around 102.50, though the bias was positive. Meanwhile, gold and silver took the opposite trajectory on Comex. While the yellow metal traded on a positive note, silver futures declined. Both gold
Australian Dollar is experiencing a wild ride this week, tumbling in Asian trading hours due to lower-than-anticipated CPI results. The “encouraging” data has raised speculation about a potential pause in RBA’s tightening plans next week. There are also talks that the hike month was the last in the cycle. This decline is also dragging down
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In todays stream we are going to be looking at several forex pairs to find trades based on a simple trend following strategy. We are going to be trading a £1,000 account for 1 month (roughly 20 trading days) to see based on this strategy how much we can expect to make. We will be
Share: EUR/USD pauses two-day recovery from the lowest levels in a fortnight amid cautious markets. ECB policymakers advocate higher rates, rule out rate cuts but German Bunds renew recession fears. US data will allow Fed Chair Powell to sound hawkish, suggesting pullback in Euro pair. ECB President Lagarde’s speech, second-tier German data also eyed for
The price of WTI crude oil futures is settling at $67.70 today. That is down $-1.67 or -2.41%. The low price reached $67.55. The high price was at $70.15. Current economic projections lean toward the potential for recessions in the US (and other global economies) and that has traders worried about the demand-side. That view
Markets: Gold down $9 to $1913 US 10-year yields up 4.7 bps to 3.77% WTI crude oil down $1.57 to $67.79 S&P 500 up 44 points, or 1.0%, to 4415 Nasdaq up 1.6% EUR leads, JPY lags US economic data continued to impress, burying inflation fears. The market was in the mood to listen to
Gold prices were flat on Tuesday, hovering slightly above their three-month lows, while the U.S. dollar strengthened as traders looked to hedge against a political turmoil in Russia and the Federal Reserve’s hawkish outlook. FUNDAMENTALS * Spot gold held its ground at $1,923.94 per ounce by 0114 GMT, while U.S. gold futures were also listless
In today’s trading, Euro takes the limelight, soaring broadly and reaching new heights against the frail Yen. While comments from ECB officials continued to be hawkish, there was basically nothing substantially new. The rationale propelling the shared currency is yet unclear. Following closely behind, Aussie and Kiwi mark themselves as the second and third strongest,
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management. In its
In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT People make their way near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Walgreens on Tuesday slashed its full-year earnings guidance as it fell short of Wall Street expectations for its fiscal third quarter
ARK Investment Management, a pro-Bitcoin (BTC) firm founded by veteran investor Cathie Wood, is reportedly ahead in the race for a spot BTC exchange-traded fund. In mid-June, the investment firm BlackRock filed an application for a spot Bitcoin ETF, triggering notable optimism on cryptocurrency markets. A number of reports suggested that BlackRock could become the
Share: Today’s inflation data in Canada will be key to driving market expectations for the BoC’s July decision. Economists at ING analyze CAD outlook. Inflation numbers in focus Consensus is looking for a rather substantial slowdown in headline inflation from 4.4% to 3.4%, while the core measure should decelerate to around 4.0%. We are still
Throughout the previous week, we got many insights from various central bank speakers. The prevailing consensus is that awaiting additional data will help to assess the extent of further tightening. While the majority of the FOMC expects two more rate hikes this year, they consistently stress that this decision hinges on the data. The data
The risk mood is calmer on the day but investors are still understandably cautious after the selling from last week. Stocks in Europe have pared gains somewhat after the opening hour and that is not leaving FX traders with much to work with. EUR/USD is up 0.3% to 1.0940 as the euro stays buoyed after
Bullion traded in the green in Tuesday’s early trade aided by a weaker dollar. The dollar index was down nearly 0.10%. witnessing its second successive decline, thereby raising the appeal for the yellow metal. The August Gold futures were trading at Rs 58,521 per 10 grams at 10:10 am, up Rs 105 or 0.19% from