Share: USD/MXN falls over 0.30% as US headline inflation drops, encouraging Fed’s likely pause in June. Despite the US Dollar drop, Treasury bond yields rise; 10-year note at 3.827%. Bank of Mexico Governors emphasize the need for maintaining higher rates. USD/MXN tumbles to fresh seven-year lows, achieved during the last six trading days, courtesy of
USDCHF sloppy trading has settled between swing areas. The USDCHF is lower on the day retracing most of the gains seen yesterday when the CHF was the weakest of the major currencies (higher USDCHF). The move higher yesterday stalled near the swing highs from Thursday and Friday of last week (see chart above). The high
EUR/CAD daily Goldman Sachs recently shared its perspective on the euro, suggesting that its upside potential is limited due to similarities in macroeconomic conditions in the eurozone and other regions. The firm believes that the divergence in market pricing between these areas should reduce over time. Interestingly, the recent data seems to slightly diverge –
Gold prices edged up Rs 30 to Rs 60,680 per 10 grams in the national capital on Tuesday amid positive global cues in overseas markets, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,650 per 10 grams. Silver also climbed Rs 70 to Rs 74,120 per kg. “Gold
Dollar falls significantly in early US session, reacting to reports that both headline and core CPI decelerated in May. This development boosts confidence to Fed policymakers to skip tightening at tomorrow’s decision. Meanwhile, Canadian Dollar and Yen are following as the next weakest for now. Contrarily, Sterling is witnessing a surge, rebounding from its initial
The inflation rate cooled in May to its lowest annual rate in about two years, the Labor Department reported Tuesday. The consumer price index, which measures changes in a multitude of goods and services, increased just 0.1% for the month, bringing the annual level down to 4%. That 12-month increase was the smallest since March
Share: FX option expiries for June 13 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.0600 1.4b 1.0675 510m 1.0700 598m 1.0735 602m 1.0750 1.2b 1.0775 660m 1.08 1.3b – GBP/USD: GBP amounts 1.2500 400m 1.2775 431m – USD/JPY: USD amounts 137.50 451m 139.50-60 659m 141.00 361m –
WTI crude oil futures are settling at $67.12. That is down $3.05 or -4.35%.The price low today reached $66.80. The high was at $70.33. Looking at the 4-hour chart below, the low price today extended below the low from May 31 at $67.03. That was the lowest level since May 4 when the price plunged
GBP/USD 5 mins chart I outlined some of the details earlier here as to why the report was a rather hawkish one. Essentially, it just bolsters confidence that labour market conditions are holding up despite the economic troubles. There was a bit of a scare last month as payrolls declined in April for the first
Gold prices gained in the early trade on Tuesday on a weaker dollar index (DXY) while traders maintained their cautious approach ahead of the Federal Open Market Committee (FOMC) meeting which begins today. MCX August Gold futures were trading at Rs 59,756 per 10 grams, up Rs 161 or 0.19% while July Silver futures were
Financial markets are generally leaning towards a risk-on posture, with significant rise in Asia’s Nikkei, following a solid close in the US overnight. However, this momentum will face a series of tests from significant events on the horizon, including today’s US CPI data, tomorrow’s much-anticipated FOMC rate decision, and ECB’s rate decision due on Thursday.
Gas prices on a sign at a Shell gas station in San Francisco, California, US, on Tuesday, May 23, 2023. Bloomberg | Bloomberg | Getty Images Inflation data from May will show that the price increases that have been bedeviling consumers for the past two years are slowing down. The question, though, will be whether
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Larry Ellison, Oracle’s chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. Justin Sullivan | Getty Images Oracle shares climbed as much as 5% in extended trading on Monday after the software vendor announced fiscal fourth-quarter results
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On June 12, Bank of China’s investment bank subsidiary BOCI announced the issuance of 200 million Chinese Yuan ($28 million) worth of digital structured notes minted on the Ethereum blockchain. The move makes the BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong. Investment banking company UBS helped originate the
Share: USD/CAD jumped to a daily high of 1.3384 following four days of losses. Strong Dollar and falling Oil prices weigh on the CAD. All eyes are on Tuesday’s inflation data from the US. During Monday’s session, the USD/CAD cut a four-day losing streak jumping to a daily high of 1.3384 as the US Dollar