Japanese Yen rose broadly in today’s Asian trading session following the release of CPI data, indicating inflation remains persistently above BoJ’s target. While it is still early for BoJ to make any changes to monetary policy, a case for a shift later this year is building. Meanwhile, Dollar and Euro are firmer in relatively quiet
Share: Markets are on pause, awaiting catalysts. It will be the week before the central bank’s weeks. Major currency pairs are moving sideways, with a mixed US Dollar, holding on to recent losses versus EUR and GBP. The pattern could continue next week, considering that the first week of May is crucial with monetary policy
GBPUSD trades in the most narrow range since November 2021 The GBPUSD is back higher, erasing all of day’s declines and trades back at/near unchanged. The move back higher has taken the price back to the 200 hour MA at 1.2440. The high just reached 1.24418 and the current price is at 1.2435. For the
Markets: S&P 500 flat at 4155 WTI crude oil up $0.43 to $77.80 US 10-year yields up 2.3 bps to 3.568% Gold down $22 to $1982 EUR leads, CAD lags The daily changes in the largest currencies on Friday were minimal but the day wasn’t without drama. In particular, the US PMI from S&P Global
In this article PG Follow your favorite stocksCREATE FREE ACCOUNT Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts’ expectations as higher prices helped offset lower demand for its products. The company, which owns household brands like Febreze, Charmin and Tide, also raised its forecast for organic sales growth for fiscal 2023 to
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Fresh data from Glassnode demonstrates that Bitcoin’s (BTC) Lightning Network is significantly cheaper to use than legacy payment networks. The median fee rate, or the cost of sending value across the Lightning Network, is 0.0029%, 1,000 times cheaper than that of MasterCard of Visa payment processors. James Check, lead analyst at Glassnode, told Cointelegraph that
Gold prices plunged by Rs 430 to Rs 60,550 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 60,980 per 10 grams. Silver also tumbled Rs 670 to Rs 75,080 per kg. Retail demand is likely
Japanese Yen is extending its rally in the early US session holding on to its gains and emerging as the second strongest currency for the week, just behind Swiss Franc. Despite persistently above-target inflation data, it remains unlikely that BoJ will make a shift in monetary policy next week. Additionally, the lack of volatility in
Share: USD/CAD climbs to a nearly two-week high and draws support from a combination of factors. The recent slump in Crude Oil prices continues to undermine the Loonie and acts as a tailwind. Bets for more Fed rate hikes and a softer risk tone lift the USD back closer to the weekly high. The USD/CAD
WTI crude oil stalled against its 100 day moving average WTI crude oil futures settle at $77.29, declining by $1.87 or 2.36%. Throughout the day, prices fluctuated between a low of $76.97 and a high of $79.07. Examining the daily chart, the low price narrowly missed its 100-day moving average (MA) by $0.14, settling at
The pound is doing that thing where it is following the action in commodity currencies again today, with it being one of the worst performing major currencies alongside the antipodeans. GBP/USD is now down 0.5% to 1.2380, sitting near the lows for the day. The pair had already come under pressure from the softer UK
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics, and investors may need to prepare for some pain in the stock market. Speaking to CNBC’s “Squawk Box Europe” on Friday, Chris Watling said he believed a recession was on its way, citing what
In this article ABT Follow your favorite stocksCREATE FREE ACCOUNT The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalsky | AFP | Getty Images Shares of Abbott Laboratories popped Wednesday after the company’s earnings and revenue topped Wall Street’s expectations, defying a dramatic slowdown in sales of its Covid-19 tests. The
Gold has been one of the top-performing asset classes in terms of returns over the past year. The returns from the yellow metal from the last Akshaya Tritiya (May 3, 2022) are around 20% and is likely to maintain momentum for the next 12 months. Investors can consider buying gold and related instruments not just
Swiss Franc is currently the strongest performer for the day, showing a notable gain the Euro. Japanese Yen and Australian Dollar follow closely, indicating that the market moves are not predominantly driven by risk aversion. In contrast, New Zealand Dollar is the weakest, as lower-than-expected inflation data increases hopes that RBNZ is nearing a pause