Share: The US dollar is rising sharply on Friday, trimming weekly losses after the release of US economic data. GBP/USD is falling almost a hundred pips on the day, trading at 1.2445. Read More… The continuation of the upside momentum could motivate GBP/USD to challenge the 1.2600 neighbourhood in the next few weeks, suggest Markets Strategist Quek Ser Leang and Senior
Gold falls below 100/200 hour MA The price of gold has tumbled today with the sharp rise in the USD today. The price moved down -$47.68 at session lows today. The price is currently down -$32.74 which is still down -1.60%. The current price is at $2007.40. The low reached $1992.59. Looking at the hourly
The major US stock indices are closing the day lower but recovered nicely off of session lows. The final numbers are showing Dow industrial average -143.22 points or -0.42% at 33886.48. The Dow industrial average was down -298.85 points at session lows.. S&P index -8.58 points or -0.21% at 4137.63. The S&P was down -33.01
A sign for the European Central Bank (ECB) outside the bank’s headquarters in Frankfurt, Germany, on Thursday, Feb. 2, 2023. Alex Kraus | Bloomberg | Getty Images European Central Bank policymakers are reconsidering the path of interest rate hikes in light of last month’s banking turmoil, but remain committed to reining in core inflation. Contagion
In this article C Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg Citigroup reported rising net income and better-than-expected revenue for the first quarter, boosting its stock in premarket trading Friday. Here is how Citigroup’s key metrics compared to expectations. $4.6 billion in net income versus $4.3 billion in the same period last year $21.45 billion
Bitrue cryptocurrency exchange has suffered a hot wallet exploit, allowing attackers to withdraw various crypto assets worth nearly $23 million. Announcing the news on April 14, Bitrue said that it had to temporarily suspend all withdrawals due to a “brief exploit” of its hot wallet. The firm expects to reopen withdrawals on April 18, 2023,
New Delhi, The gold price jumped Rs 480 to touch a lifetime high of Rs 61,780 per 10 gram in the national capital on Friday amid a strong global trend, according to HDFC Securities. In the previous trade, the precious metal ended at Rs 61,300 per 10 grams. Silver also climbed Rs 410 to Rs
As disinflation process in the US picks up steam, Dollar continues its relentless descent, fueling the belief that Fed’s tightening cycle is close to its curtain call. This evolving sentiment has not only lifted US stocks overnight but also spilled over into Asian session, painting a positive picture for the markets. Despite its recent woes,
Share: According to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, further upside in EUR/USD should meet the next resistance level at 1.1120 in the near term. Key Quotes 24-hour view: “While we expected EUR to strengthen yesterday, we were of the view that ‘a sustained break above 1.0335 is
USDCHF has its worst week since November 2022 The USDCHF is down -1.82% this week or -165 pips. That is the biggest move lower in the pair since the week of November 7 when the pair fell -5.3%. The decline this week would be the 4th week in a row lower. That 4 week run
Eurostoxx +0.3% Germany DAX +0.4% France CAC 40 +0.3% UK FTSE +0.2% Spain IBEX +0.3% French stocks are the standout as highlighted here yesterday, as the optimism continues to build with the CAC 40 at fresh record highs. The mood here carries over from the positive gains in Wall Street yesterday, though US futures are
EOS EVM emulates the Ethereum Virtual Machine (EVM) and allows for the deployment of decentralized applications (DApps) written in Solidity, the programming language used by the vast majority of web3 developers. The EOS Network Foundation (ENF) has announced the beta launch of the EOS EVM Mainnet, which aims to improve interoperability between two blockchain ecosystems,
Gold rose to a more than one-year high on Thursday as more weak U.S. economic readings bolstered bets for a pause in interest rate hikes, with prospects of a mild recession also sending investors scurrying for the safe-haven metal. Spot gold was up 1.3% to $2,040.10 per ounce by 9:31 a.m. EDT (1331 GMT), its
Dollar’s decline continues in early trading, fueled by weaker-than-expected upstream inflation and job data, pushing the greenback to its lowest level against Euro this year. The Swiss Franc emerges as today’s biggest winner, bolstered by falling benchmark yields in Germany and the UK. Meanwhile, Euro benefits from hawkish remarks by ECB officials, while Australian dollar
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Share: EUR/USD bulls take out 2023 highs as US Dollar falls to fresh lows. Markets are suring up their bets of a peak Fed rate this summer. EUR/USD has breached the early February highs and has gone on to hit its highest level since April 2022, as investors dumped the US Dollar on yet further data
WTI crude oil tested 200 day MA and found willing sellers The price of WTI crude futures are selling at $82.16. That’s down $1.10 or -1.32% on the day. The high price reached $83.44. The low price extended to $82.24. The high price today installed about $0.23 short of the following 200 day moving average