NZD/USD fades the bounce from two-week lows, as USD bulls return. Post-Fed risk-on mood, recovery in the US yields drive the USD uptick. Focus shifts to the US NFP release for a decisive move in the kiwi. NZD/USD is back in the red zone, heading towards the 0.7150 level in Thursday’s Asian trading. The resurgent demand
Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger number of active contracts allows the participation of institutional investors that require a minimum market size.
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The markets are generally quiet as FOMC tapering announcement is awaited. Major European indexes tread water while US futures are mixed. Global benchmark yields are trading lower for now. In the currency markets, Canadian and Dollar are both weakening mildly today. Stronger than expected ADP job report gives little support to the greenback. New Zealand
UK’s FTSE 100/Spain’s Ibex are lower The major European indices are ending the session with mixed results. The provisional closes are showing: German DAX, flat France’s CAC, +0.4% UK’s FTSE 100 -0.4% Spain’s Ibex, -1.0% Italy’s FTSE MIB +0.5% In other markets, as London/European traders look to exit shows: Spot gold is trading down $24.65 or
Sideways trading through the statement Early US dollar strength has moderated in the lead-up to the FOMC decision, with the euro and pound bouncing back. Gold has finally found a floor at $1760 after the earlier agressive selling. The S&P 500 is down 6 points. Many eyes are on the front end of the Treasury
New Delhi: Gold price in the national capital on Wednesday tumbled by Rs 375 to Rs 46,411 per 10 grams amid a decline in the international prices of precious metals as well as rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,786 per 10 gram. Silver
A company advertises a help wanted sign on April 09, 2021 in Pawtucket, Rhode Island. Spencer Platt | Getty Images Private sector job creation popped higher in October thanks to a burst in hiring in the hospitality sector, payroll processing firm ADP reported Wednesday. Companies added 571,000 for the month, beating the 395,000 Dow Jones
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images CVS Health on Wednesday beat expectations for fiscal third-quarter earnings as the company got a boost from filling more prescriptions and giving more Covid-19 vaccines. Despite
GBP/USD is the joint best performing G10 currency on Wednesday alongside NZD. However, FX markets are mostly in wait-and-see mode ahead of the Fed meeting. GBP/USD is at present trading back to the north of the 1.3650 level, having bounced from Asia Pacific session lows close to 1.3600. With the pair higher by about 0.3%
Secondary sales volume for Solana (SOL) based nonfungible tokens (NFTs) has reached almost $500 million since the start of August. According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Nov. 2, with the average sale per NFT tallying in at
Overall markets are quite mixed for now. While US indexes surged to new record highs overnight, positive sentiment was not carried forward to Asia. Major pairs and crosses are also stuck in range. It seems that traders and investors have turned into cautious mode, awaiting Fed’s tapering decision. For now, Euro and Swiss Franc are
Russell 2000 sets the first intraday high since March A quadruple record close for the major indices. In addition to the Dow S&P and NASDAQ posting a record closes, the Russell 2000 index also joined the party with its own new all-time high. NASDAQ recorded its fourth straight record close Dow industrial average closed at a record
The FOMC meeting is the key focus in the day ahead As such, one can expect quieter tones to prevail in the run up to that and in the European morning session ahead. As for what to expect from the Fed, I outlined some thoughts earlier in the week as per below: I believe this
NEW DELHI: Gold and silver prices declined on Wednesday following the trend in the international markets and ahead of the crucial US Federal Reserve policy meeting outcome. The Fed is expected to announce its stimulus tapering timeline at 1400 GMT on Wednesday. It is likely to begin paring its monthly asset purchases by $15 billion
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 This week, the Federal Reserve is widely expected to announce the unwinding of its monthly bond-buying program –
In this article FRSH In this photo illustration a Freshworks Inc logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of customer service and support software maker Freshworks fell more than 15% in extended trading on Tuesday after releasing quarterly results for the first time following