The bond market is certainly not buying what the Fed is selling at the moment. That says something but if there is any key takeaway, it is that it does not bode well for the dollar outlook if broader markets are taking charge instead of the Fed heading into next year. So, what’s next for
Silver witnessed a roller-coaster ride in 2022, thanks to increased volatility in the bullion market and industrial metals but managed to deliver around 15% returns to investors. The metal faced bouts of profit taking but geopolitical tensions kept its demand intact. Silver, other than being a precious metal, has more usage in the industrial sectors
Dollar is trying to strike back as traders are likely starting to light up their positions ahead of holidays. But for now, Yen and Euro are so far the more resilient ones. Sterling is sold off broadly earlier today but it’s not worse the Kiwi. Aussie is also quickly paring back earlier gains. Technically, GBP/CHF
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.9810 vs. the prev fix of 6.9713 and the prior close of 6.9876. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is
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AUDUSD tests 100 day MA As the US stocks get hammered with the Nasdaq index now down -3.37% and the S&P down over 2.55%, the AUDUSD is taking on some downside price pressures on “risk-off” sentiment. Looking at the daily chart, that move has the AUDUSD pair down testing the 100 day MA at 0.6658.
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In this article MU Follow your favorite stocksCREATE FREE ACCOUNT Semiconductor maker Micron announced Wednesday that it would reduce its headcount by about 10% in 2023, in the latest example of a technology industry slowdown affecting employment. Shares of Micron fell more than 1% in extended trading. related investing news Here are Wednesday’s biggest analyst
Are crypto traders playing “god?” The world of cryptocurrency trading can be highly uncertain, yet many are actively looking for opportunities and have built fortunes around the crypto market. To be really good in crypto, you need to be able to identify promising projects in their infancy and time your exit from the market before
Gold price rose Rs 59 to Rs 55,241 per 10 grams in the national capital on Thursday amid gains in precious metal in overseas markets, according to Securities. In the previous trade, the yellow metal had touched Rs 55,182 per 10 grams. Silver, however, slipped Rs 194 to Rs 69,413 per kilogram. “Spot gold prices
Australian Dollar rebounds broadly today, as risk-on sentiment continues in Asian session. For now, Yen is still supported solidly by BoJ’s action earlier in the week, even though 10-year JGB yield dips back towards 0.4% level. However, Dollar and Swiss Franc are turning softer together with Loonie. Meanwhile, Euro and Sterling are mixed, awaiting the
TD Securities analysts noted that a sufficiently weak growth context in late 2022 and early 2023 might be enough to keep the Bank of Canada (BOC) on hold in January. Analysts, however, added that the latest inflation data should ever so slightly ratchet up the pressure on the BOC. BOC will find cause for concern in inflation
The EURUSD held above the 200 hour MA during 2 tests yesterday and again today. Then the level was broken and failed in each of the prior two hourly bars. EURUSD below 200 hour MA, but….. Now on yet another attempt, the MA is being broken with the pair moving to a new day low.
The rises on US equity markets on Wednesday carried on here in the timezone today. Regional equities, as I post: Re the Chinese equity markets, note the post above on further support promised to the property sector, which helped HK along in particular (home to the listings of many property developers). The improved sentiment carried
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and closing some offices in the face of softening global demand. It also raised package-delivery
New Delhi: Gold prices were flat on Wednesday, nearing one-week high after a sharp run-up in the previous session led by the weakness in the US dollar after Bank of Japan’s (BOJ) surprise policy tweak. The dollar index was flat after falling on Tuesday as the yen jumped to a four-month high after the BOJ’s