AUD/USD remains under pressure and risks a drop to 0.7060 in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We did not anticipate the sharp drop in AUD to 0.7095 during NY session. AUD extended its decline during Asian hours and strong downward momentum suggests further weakness. That said, oversold
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Import Price Index +5.8% q/q expected +1.4% , prior +5.4% Export Price Index +3.5% q/q expected -2.6%, prior +6.2% a solid beat for export prices, higher instead of the lower expected The Australian dollar was sold on the FOMC statement & Powell’s presser, and has inched back towards its overnight lows in Asia morning trade.
Canadian Dollar tumbles notably in early US session after much less hawkish then expected BoC rate decision. The central bank stands pat while lowering both inflation and growth forecasts. Elsewhere in the currency markets, Yen is trading broadly lower with Swiss Franc as stock markets are staging a strong rebound. Meanwhile, Aussie is also trying
The snapshot of the market just ahead of the Fed decision saw: Spot gold is trading down $18.50 or -1% at $1829.40 Spot silver is trading down one cent or -0.06% at $23.77 WTI crude oil is trading up $1.74 at $87.34 Bitcoin is trading at $38,096 2 year yield is at 1.03% 5 year
NEW YORK: Oil touched $90 a barrel for the first time in seven years on Wednesday, supported by tight supply and rising political tensions in Europe and the Middle East that raised concerns about further disruption in an already-tight market. Brent crude rose $1.67, or 1.9 per cent, to $89.87 by 10:40 a.m. EST (1540
Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates for the first time in more than three years. In a move that came as little surprise, the Fed’s policymaking group said a quarter-percentage point increase to its benchmark short-term borrowing rate is likely forthcoming.
In this article TSLA Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla reports fourth-quarter results for 2021 on Wednesday after the bell. Here’s what Wall Street analysts expect: Earnings (adjusted): $2.36 per share
The U.S. Securities and Exchange Commission has extended its window to approve the ARK 21Shares Bitcoin exchange-traded fund originally proposed in July 2021. According to a Tuesday filing from the SEC, the regulatory body will push the deadline for approving or disapproving the ARK 21Shares Bitcoin ETF from Feb. 2 for an additional 60 days,
The US Federal Reserve announced on Wednesday that the FOMC had agreed to leave the Federal Funds target range unchanged at 0.0-0.25%, in line with expectations. The central bank said that it would soon be appropriate to raise the Federal Funds rate, the strong hint that many market participants would have been looking for that
Two sources cited by Reuters say OPEC+ will probably stick with a planned 400k bpd output hike at next Wednesday’s meeting, though there is some talk about boosting output further. The report said oil at $90 might prompt them to consider more output, with Russia worried that US shale could pick up. Still, that’s a
Markets are relatively steady in Asian today, as traders are awaiting main events of BoC and Fed policy decisions. Asian stocks are treading water after weaker close in US overnight. Dollar remains the strongest one for the week, followed by Yen and then Canadian. Swiss Franc is currently the weakest, followed by New Zealand Dollar
Dow Jones is positive The Dow tumbled over 800 points. Yesterday, the index fell over 1000 points. And for the 2nd day in a row, the losses have been erased.The Dow currently trades up about 50 points or 0.16% at 34417. The high price reached 34431.56. Looking at the daily chart, the down did reach
As India approaches Budget 2022-23, it is a good time to recall that in last year’s Budget, the government had announced a reduction in the basic customs duty on gold from 12.5 per cent to 7.5 per cent. An additional cess of 2.5 per cent was also imposed, taking the effective customs duty to about
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters The CNBC Fed Survey shows market expectations have turned aggressive for Federal Reserve policy tightening this year and
In this article BA An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Boeing took a $3.5 billion pre-tax charge on its 787 Dreamliners after production issues prevented the company from delivering the planes to airlines for
Here is what you need to know on Wednesday, January 26: The greenback capitalized on safe-haven flows on Tuesday and the US Dollar Index (DXY) reached its highest level in more than two weeks at 96.27. With Wall Street’s main indexes rebounding modestly from daily lows ahead of the closing bell, the DXY retreated and