Trump Media share price down 39%: Why the DJT stock keeps falling, 19 jun 2024
Post Views: 361 Shares of Trump Media & Technology Group – Donald Trump’s namesake social media company – tumbled Tuesday as the stock continued a long slide that began following the former president’s guilty verdict on all 34 felony counts in his criminal hush money trial. [6/19, 6:51 PM] Share Market Daily: Trump Media, which…
GOLD PRICE REMAINS CONFINED IN A FAMILIAR TRADING RANGE ABOVE $2,300 MARK, 18 Jun 2024
Post Views: 643 Gold price (XAU/USD) struggles to gain any meaningful traction on Tuesday and oscillates in a narrow trading band, around the $2,320 region during the Asian session. Against the backdrop of the Federal Reserve’s (Fed) hawkish outlook last week, policymakers continue to argue in favor of only one rate cut in 2024. This…
FOREX TODAY: USD/CAD STEADILY CLIMBS BACK CLOSER TO MID-1.3700S, UPSIDE POTENTIAL SEEMS LIMITED, 17 jun
Post Views: 607 The USD/CAD pair attracts some dip-buying on the first day of a new week, albeit lacks follow-through and remains confined in a familiar range held over the past week or so. Spot prices currently trade just below mid-1.3700s, up less than 0.10% for the day amid a combination of diverging forces. Crude…
EUR/USD PRICE ANALYSIS: BEARS AWAIT US CPI AND FED DECISION BEFORE PLACING FRESH BETS
Post Views: 599 The EUR/USD pair oscillates in a narrow range during the Asian session on Wednesday and consolidates its losses registered over the past three days, to the 1.0720 area, or the lowest level since early May touched the previous day. Spot prices currently trade just below mid-1.0700s, nearly unchanged for the day, as traders await…
SILVER PRICE FORECAST: $30.0 APPEARS A TOUGH NUT TO CRACK FOR XAG/USD
Post Views: 431 The Silver price (XAG/USD) recovers to $29.40 on Wednesday despite the stronger Greenback. However, the upside for white metal might be limited by the speculation of delayed rate cuts by the US Federal Reserve (Fed). The market could turn cautious later in the day ahead of the release of the US Consumer Price…
GBP/USD PRICE ANALYSIS: HOVERS AROUND 1.2750 AHEAD OF UK GDP
Post Views: 716 The GBP/USD pair consolidates near 1.2750 during the Asian session on Wednesday. The pair maintains its position within an ascending channel pattern on the daily chart, with the 14-day Relative Strength Index (RSI) above the 50 level, indicating a bullish bias. Furthermore, the Moving Average Convergence Divergence (MACD) momentum indicator reinforces the bullish trend. The…
Suzlon shares dip 5% as independent director resigns, suzlon share price today
Post Views: 396 Shares of Suzlon Energy dipped 5% in Monday’s early session to the day’s low of Rs 47 after the company’s independent director Marc Desaedeleer resigned from his directorship on June 8. “Several situations occurred where the corporate governance standards applied by the Company did not meet my expectations including situations where communications…
USD/CNH HOLDS STEADY NEAR 7.2650, CHINA STATE-OWNED BANKS INTERVENE IN YUAN AFTER FALLING NEAR SEVEN-MONTH LOW
Post Views: 627 The USD/CNH pair trades flat near 7.2650 during the early European session on Tuesday. The onshore Yuan (CNH) bounces off the seven-month lows amid the foreign exchange (FX) intervention against a strengthening US Dollar (USD) from China’s major state-owned banks. The Greenback edged higher in the previous sessions, supported by higher US Treasury bond…
GBP/USD PRICE ANALYSIS: RISES TO NEAR 1.2750 AHEAD OF UK JOBS DATA
Post Views: 642 GBP/USD extends its gains for the second successive session ahead of employment data release from the United Kingdom (UK), trading around 1.2740 during the Asian session on Tuesday. The pair consolidates within the rising channel pattern on a daily chart, with the 14-day Relative Strength Index (RSI) positioned above the 50 level.…
Back-to-back UPPER CIRCUIT: Share price under Rs 200! NBFC stock up 25% in 3 days
Post Views: 484 Shares NBFC Mufin Green Finance on Monday zoomed 10 per cent to hit the upper circuit for second consecutive session. Mufin Green Finance Share Price Shares NBFC Mufin Green Finance on Monday zoomed 10 per cent to hit the upper circuit for second consecutive session. The stock opened sharply higher at Rs…
EUR/USD PRICE ANALYSIS: NOT OUT OF THE WOODS YET, 100/200-DAY SMAS BREAKDOWN IN PLAY
Post Views: 357 The EUR/USD pair edges higher during the Asian session on Tuesday and currently trades around the 1.0765-1.0770 area, albeit lacks strong follow-through buying. The EUR/USD pair edges higher during the Asian session on Tuesday and currently trades around the 1.0765-1.0770 area, albeit lacks strong follow-through buying. Moreover, the fundamental backdrop and the technical…
GOLD PRICE (XAU/USD) CLIMBS TO A RECORD HIGH, RISING GEOPOLITICAL TENSIONS IN FOCUS
Post Views: 373 The gold price (XAU/USD) gains momentum on Monday. The yellow metal hit a record high near $2,441 during the Asian session on Monday amid renewed hopes for interest rate cuts from the US The gold price (XAU/USD) gains momentum on Monday. The yellow metal hit a record high near $2,441 during the Asian session on Monday…
UNITED STATES NY EMPIRE STATE MANUFACTURING INDEX BELOW EXPECTATIONS (-10) IN MAY: ACTUAL (-15.6)
Post Views: 468 UNITED STATES CONSUMER PRICE INDEX CORE S.A: 317.62 (APRIL) VS 316.69 UNITED STATES CONSUMER PRICE INDEX N.S.A (MOM) BELOW EXPECTATIONS (313.76) IN APRIL: ACTUAL (313.548) UNITED STATES CONSUMER PRICE INDEX EX FOOD & ENERGY (MOM) IN LINE WITH FORECASTS (0.3%) IN APRIL UNITED STATES CONSUMER PRICE INDEX (YOY) IN LINE WITH FORECASTS…
USD/CAD RISES ABOVE 1.3700 AS STRONG US Q1 EMPLOYMENT COST INDEX, WEAK CANADIAN GDP
Post Views: 370 The USD/CAD pair rises above the crucial resistance of 1.3700 in Tuesday’s early American session. The USD/CAD pair rises above the crucial resistance of 1.3700 in Tuesday’s early American session. The Loonie asset strengthens as the US Dollar extends recovery after the United States Bureau of Labor Statistics (BLS) reported stronger-than-expected Q1…
GBP/USD PRICE ANALYSIS: DROPS BELOW 200-DMA, AT CROSS-ROADS TO RESUME DOWNTREND
Post Views: 385 GBP/USD declines 0.36% from its daily peak, under pressure from indications of rising US inflation. The Pound Sterling reverses its course against the US Dollar, after extending its gains past the 200-day moving average (DMA). However, data from the United States (US), showing that inflation could be picking up, as shown by the Employment Cost Index (ECI),…
GOLD PRICE EDGES HIGHER AMID HEAVY USD SELLING IN JAPAN29 April 2024
Post Views: 429 The Gold price (XAU/USD) edges higher on Monday, trading at $2,338 an ounce The Gold price (XAU/USD) edges higher on Monday, trading at $2,338 an ounce, on the back of a weaker US Dollar (USD) – the currency in which Gold is mostly quoted and traded in. The USD depreciates after heavy selling pressure,…
USD/CAD REMAINS SUPPORTED ABOVE 1.3640 AHEAD OF FED’S POLICY ANNOUNCEMENT29 April 2024
Post Views: 463 The USD/CAD pair holds auction above the immediate support of 1.3460 in Monday’s early American session. The USD/CAD pair holds auction above the immediate support of 1.3460 in Monday’s early American session. The Loonie asset finds support as the US Dollar Index (DXY) rebounds after discovering buying interest near the previous week’s low of around 105.46.…
AUD/USD PRICE ANALYSIS: UPTREND EXTENDS
Post Views: 370 AUD/USD extends its short-term uptrend as it trades in the mid-0.6550s on Monday. AUD/USD extends its short-term uptrend as it trades in the mid-0.6550s on Monday. AUD/USD 4-hour Chartç The pair has formed a neat channel higher on the 4-hour chart used to assess the short-term trend. AUD/USD is currently pulling back within the…
USD/JPY FINDS SUPPORT NEAR 155.00 AFTER PLUNGING DUE TO PROBABLE JAPAN’S INTERVENTION
Post Views: 371 The USD/JPY finds provisional support near 155.00 in Monday’s early American session. The USD/JPY finds provisional support near 155.00 in Monday’s early American session. The asset registered a vertical sell-off from historic highs of 160.00, which market participants recognised as an outcome of suspected intervention by Japan’s authorities. However, Japan’s top currency diplomat, Masato…
GBP/USD PRICE ANALYSIS: CLIMBS ABOVE 1.2500, WITH BULLS TARGETING 200-DMA, 29 April 2024
Post Views: 378 GBP/USD rises, rebounding from 1.2474 amid rumors impacting the US Dollar. The Pound Sterling advanced sharply against the US Dollar in early trading during Monday’s North American session after hitting a daily low of 1.2474. Rumors of an intervention by Japanese authorities to propel the Japanese Yen (JPY) weighed on the Greenback, which is…
EUR/GBP PRICE ANALYSIS: BACK INSIDE THE MULTI-MONTH RANGE, 29 April 2024
Post Views: 380 EUR/GBP is trading back inside its multi-month range after forming five down days in a row. EUR/GBP is trading back inside its multi-month range after forming five down days in a row. The range stretches from roughly a ceiling level at 0.8600 and a floor at 0.8530. EUR/GBP Daily Chart EUR/GBP has…
GOLD PRICE (XAU/USD) MOVES HIGHER WITH EYES ON US CORE PCE INFLATION
Post Views: 416 Gold price (XAU/USD) rises to $2,350 in Friday’s European session. Gold price (XAU/USD) rises to $2,350 in Friday’s European session, showing strength ahead of the United States core Personal Consumption Expenditure Price Index (PCE) data for March, which will be published at 12:30 GMT. US core PCE inflation is estimated to steady at 0.3% on month.…
CANADIAN DOLLAR FOLLOWS BROADER MARKET FLOWS AS INVESTORS GRAPPLE WITH US PCE INFLATION
Post Views: 503 The Canadian Dollar (CAD) is mixed on Friday, playing a quiet counterparty to broader market focus. back seat to broader market flows on Friday as investor focus remains pinned on decaying hopes for a rate cut from the Federal Reserve (Fed). US Personal Consumption Expenditure (PCE) Price Index figures came in above expectations on…
GBP/USD PRICE ANALYSIS: TUMBLES BELOW 1.2500 AS BEARS CUT BULLS HOPES SHORT
Post Views: 433 The GBP/USD trades at 1.2481, down 027%. During the mid-North American session, the Pound Sterling retreats and registers losses against the US Dollar, slumping below 1.2500. Data from the United States showed that inflation is picking up, which would deter Fed intentions from cutting interest rates. The GBP/USD trades at 1.2481, down 027%. GBP/USD Price Analysis: Technical outlook Although the…
AUD/USD CONTINUES RISING AFTER US CORE PCE BEATS ESTIMATES WITH FIFTH UP-DAY IN A ROW
Post Views: 354 AUD/USD trades in the 0.6540s as it continues rallying after the release of US core Personal Consumption Expenditures Price (PCE) Index data for March. AUD/USD trades in the 0.6540s as it continues rallying after the release of US core Personal Consumption Expenditures Price (PCE) Index data for March. Despite the data showing…
SILVER PRICE FORECAST: XAG/USD REMAINS SIDEWAYS NEAR $27.60 AS INVESTORS REASSESS FED RATE CUT BETS, 26 April 2024, 16:53
Post Views: 539 Silver price (XAG/USD) remains stuck in a tight range around $27.60 in Friday’s American session. Silver price (XAG/USD) remains stuck in a tight range around $27.60 in Friday’s American session. Traders reassess expectations for the Federal Reserve (Fed) rate cuts as the United States core Personal Consumption Expenditure Price Index (PCE) for March remain…
GBP/USD DROPS AFTER MIXED UK RETAIL SALES, RISK AVERSION
Post Views: 439 As a consequence, the GBP/USD tumbled toward 1.2388, a new five-month low, before recovering some ground. The Pound Sterling tumbles against the US Dollar during the mid-North American session after a volatile trading day due to an escalation of the Israel-Iran conflict. Major central bank speakers led by the Bank of England (BoE) and…
GOLD PRICE HOLDS STRENGTH AS MIDDLE EAST TENSIONS PROPEL SAFE-HAVEN DEMAND
Post Views: 508 Gold price (XAU/USD) faces pressure to recapture new all-time highs around $2,430 in Friday’s European session. Gold price (XAU/USD) faces pressure to recapture new all-time highs around $2,430 in Friday’s European session. The precious metal still holds some intraday gains, supported by safe-haven flows after worsening Middle East tensions. On Friday, Israel launched…
USD/JPY GOES ON A ROLLER-COASTER RIDE PROMPTED BY GEOPOLITICAL RISK
Post Views: 705 USD/JPY is trading in the 154.50s on Friday after declining to a low for the day in the 153.00s on the back of a spike in safe-haven demand that disproportionately favored the Japanese Yen (JPY). An escalation in Middle East tensions, triggered a flight to safety overnight after news of bomb explosions…
MEXICAN PESO STRUGGLES AMID GEOPOLITICAL TENSIONS DESPITE RECORDING SOLID RETAIL SALES
Post Views: 603 The Mexican Peso remains on the defensive after plummeting close to 5% against the US Dollar during the overnight session for North American traders. The Mexican Peso remains on the defensive after plummeting close to 5% against the US Dollar during the overnight session for North American traders. Newswires that Israel attacked…
US DOLLAR SEES SLIGHT FRIDAY DOWNFALL AS BUYER MOMENTUM DWINDLES
Post Views: 518 The US Dollar Index (DXY) is currently trading at 106.09, a mild loss from its recent peak of 106.35. The US Dollar Index (DXY) is currently trading at 106.09, a mild loss from its recent peak of 106.35. Despite this, the index remains geared toward testing its November 1 high of 107.10.…
Grammy award-winning Christian music artist and American Idol contestant alum Mandisa Lynn Hundley died at 47.
Post Views: 474 Born and raised in California, Mandisa Lynn Hundley gained fame when she hit back at notoriously critical “American Idol” judge Simon Cowell with kindness while appearing on Season 5 of the singing competition series in 2006. K-Love Radio reported Mandisa, whose full name was Mandisa Hundley, died at her Nashville home on…
Taylor Swift Reacts to Meme About Her Dating History, “Tag that Swiftie (we all know one),” the Instagram account Betches captioned their post.
Post Views: 720 Taylor Swift’s love life has often made headlines over the years and in a surprising move, she has liked a series of memes about the men she’s dated. Taylor Swift’s love life has often made headlines over the years and in a surprising move, she has liked a series of memes about…
INDIA GOLD PRICE TODAY: GOLD RISES, ACCORDING TO MCX DATA
Post Views: 735 India Gold prices rose in India on Friday, according to data from India’s Multi Commodity Exchange (MCX) Gold price stood at 73,280 Indian Rupees (INR) per 10 grams, up INR 250 compared with the INR 73,030 it cost on Thursday. As for futures contracts, India Gold prices decreased to INR 72,635 per…
XAU/USD: Gold Price Is Trading Close To $2,400 Early Friday
Post Views: 715 reversing from a fresh five-day high reached at $2,418 earlier in the Asian session. Despite the pullback, XAU/USD Gold price remains on track to book the fifth weekly gain in a row. XAU/USD Gold price regains the upside traction and approaches the $2,400 mark, showing some near-term consolidation for the time being.…
IPL 2024 34th Match Today: LSG vs CSK Fantasy 11 And Dream 11, Team Predictions, LSG vs CSK Head-To-Head Record, Pitch Report
Post Views: 555 LSG vs CSK: IPL 2024 34th Match Today: Lucknow Super Giants will aim at reviving their campaign when they meet the Chennai Super Kings. After registering a comprehensive win over their arch-rivals Mumbai Indians, defending champions Chennai Super Kings will now turn their attention to their next encounter against the Lucknow Super…
EUR/JPY PRICE ANALYSIS: BULLS MAINTAIN CONTROL, CONSOLIDATION PHASE LIKELY
Post Views: 582 The EUR/JPY slightly declined to 164.70 in Thursday’s session. The EUR/JPY slightly declined to 164.70 in Thursday’s session. That being said, the overall trend still favors the bulls but a consolidation phase, suggested by bears dominating the hourly chart, may create a balanced playing field for both buyers and sellers ahead of the…
EUR/USD RETREATS TO 1.0645 LOWS FOLLOWING DOVISH COMMENTS FROM ECB MEMBERS
Post Views: 600 The EUR/USD remains vulnerable, dangerously close to the mid-term low at 1.0600. The Euro recovery has been capped a few pips shy of the 1.0700 area, and the pair pulled lower on Thursday, to hit intra-day lows at 1.0645. The dovish comments by ECB policymakers and strong US data endorsing the Fed’s “higher for…
GBP/USD STAYS FIRM AMID BOE, FED COMMENTARY AND US DATA
Post Views: 553 A slew of Federal Reserve officials keep pounding the mantra of patience when easing rates. The GBP/USD trades at 1.2456, almost flat. The Pound Sterling is virtually unchanged against the US Dollar in the mid-North American session, amid a scarce economic docket in the United Kingdom (UK) if not interrupted by Bank of…
US DOLLAR (USD) STRENGTHENS FOLLOWING ENCOURAGING LABOR MARKET DATA, HIGHER US TREASURY YIELDS, 19, April
Post Views: 573 The US Dollar Index (DXY) rose toward 106.25 on Thursday and appears on track to test the November 1 high near 107.10. What is underpinning this rise is the Federal Reserve’s (Fed) hawkish stance, along with a related recovery of US Treasury yields. Low Jobless Claims also benefited the US Dollar (USD).…
SILVER PRICE ANALYSIS: XAG/USD CLINGS TO $28.00 AMID HIGH US YIELDS
Post Views: 672 Silver Price clings to modest gains of 0.29% and stays above $28.00 for the sixth consecutive trading day amid higher US Treasury bond yields and a strong US Dollar. At the time of writing, the XAG/USD trades at $28.30 after hitting a daily low of $28.14. Silver clings to modest gains of…
USD/MXN: MEXICAN PESO DROPS AS US TREASURY YIELDS RISE ON ROBUST US DATA
Post Views: 720 The USD/MXN Mexican Peso depreciated against the US Dollar as sentiment shifted sour on Thursday. The Mexican Peso depreciated against the US Dollar as sentiment shifted sour on Thursday. Treasury yields in the United States (US) are rising following the release of a subdued US jobs report. Market participants remain wary that…
USD/CAD BACKTRACKS AFTER STRONG RALLY IN APRIL
Post Views: 638 USD/CAD is trading in the 1.3750s on Thursday, down roughly a tenth of a percent on the day as it continues to backtrack after the strong rally at the beginning of April. USD/CAD is trading in the 1.3750s on Thursday, down roughly a tenth of a percent on the day as it continues to…
WTI OIL SINKS OVER 3% IN TWO TRADING DAYS DESPITE SANCTION RISKS AGAINST IRAN
Post Views: 646 WTI Oil prices retreat further on Thursday. Oil prices retreat further on Thursday, extending the decline triggered on Wednesday after a string of headlines from the US President Joe Biden administration over tariffs and sanctions. On the tariff front, Biden called for higher fees on Chinese steel and aluminium. On the sanctions…
USD/CAD: CANADIAN DOLLAR RECOVERY STALLS ON STRONG US DATA, HAWKISH FEDSPEAK
Post Views: 643 The Canadian Dollar (USD/CAD) is trading higher for the second consecutive session on Thursday. The Canadian Dollar (CAD) is trading higher for the second consecutive session on Thursday, yet with weaker bullish momentum. Strong US macroeconomic data and hawkish comments from New York Federal Reserve (Fed) President John Williams have provided some…
AUD/USD TICKS HIGHER AS RBA ALSO EXPECTED TO DELAY CUTTING INTEREST RATES
Post Views: 459 AUD/USD climbs about a tenth of a percent into the 0.6440s on Thursday, continuing the correction of the steep sell-off in the pair at the start of April. AUD/USD climbs about a tenth of a percent into the 0.6440s on Thursday, continuing the correction of the steep sell-off in the pair at…
EUR/GBP RECOVERS TO 0.8550 AS ECB LAGARDE SEE FIGHT WITH INFLATION IS STILL ON
Post Views: 575 The EUR/GBP pair extends its recovery to 0.8550 in the early American session on Thursday. The cross recovered after discovering strong buying interest near the psychological support of 0.8500. The Euro strengthened against the Pound Sterling after commentary from ECB President Christine Lagarde raised doubts about whether the central bank will really pivot to…
USD/CAD PULLS BACK AMID US DOLLAR CORRECTION, LOWER CRUDE OIL PRICES
Post Views: 702 USD/CAD snaps its five-day winning streak, trading around 1.3820 during the Asian session on Wednesday. USD/CAD snaps its five-day winning streak, trading around 1.3820 during the Asian session on Wednesday. The mild correction in the US Dollar (USD) contributes to downward pressure on the USD/CAD pair. However, the weaker crude Oil prices could put pressure on…
INDIA GOLD PRICE TODAY: GOLD RISES, ACCORDING TO MCX DATA 17, April 2024
Post Views: 721 India Gold price rose in India on Tuesday, according to data from India’s Multi Commodity Exchange (MCX) Gold price stood at 72,985 Indian Rupees (INR) per 10 grams, up INR 666 compared with the INR 72,319 it cost on Monday. As for futures contracts, India Gold price increased to INR 72,461 per…
CANADIAN DOLLAR HITS FRESH FIVE-MONTH LOWS AFTER MIXED INFLATION DATA
Post Views: 504 The Canadian Dollar (CAD) is going through a sharp depreciation against a stronger Greenback on Tuesday, and the mixed Canadian Consumer Prices Index (CPI) has failed to provide any significant support. The Canadian Dollar (CAD) is going through a sharp depreciation against a stronger Greenback on Tuesday, and the mixed Canadian Consumer…
US UNITED STATES 52-WEEK BILL AUCTION: 4.915% VS 4.81% INDUSTRIAL PRODUCTION RISES 0.4% IN MARCH AS EXPECTED
Post Views: 804 Industrial Production in the US United States continued to expand at a moderate pace. US Dollar Index continues to fluctuate above 106.00. Industrial Production in the US grew 0.4% on a monthly basis in March, the US Federal Reserve (Fed) reported on Tuesday. This reading followed the 0.4% increase recorded in February…
USD/CAD CLIMBS ABOVE 1.3800 AFTER MIX CANADIAN INFLATION DATA
Post Views: 649 The USD/CAD pair jumps to 1.3820 in Tuesday’s early New York session after Statistics Canada reported a mixed Consumer Price Index (CPI) report for March. The USD/CAD pair jumps to 1.3820 in Tuesday’s early New York session after Statistics Canada reported a mixed Consumer Price Index (CPI) report for March. The agency showed that monthly headline CPI grew by 0.6%, slower from…
AUD/USD EXTENDS DOWNSIDE TO 0.6400 AS FED SEEMS TO DELAY RATE CUTS
Post Views: 552 The AUD/USD pair slumps to near the round-level support of 0.6400 in Tuesday’s early American session. The AUD/USD pair slumps to near the round-level support of 0.6400 in Tuesday’s early American session. The Aussie asset has extended its losing streak for the third trading session on Tuesday as the broader market mood…
USD/JPY ADVANCES ON STRONG US DOLLAR, HIGHER US YIELDS
Post Views: 645 USD/JPY rises propelled by strong US retail data strengthening the Dollar against the Yen. The US Dollar clocks gains versus the Japanese Yen in early trading during the North American session. Strong economic data from the United States (US) and neutral to hawkish comments by US Federal Reserve officials boost the Greenback.…
USD/CAD STANDS TALL NEAR 1.3800, HIGHEST SINCE NOVEMBER AS TRADERS LOOK TO CANADIAN CPI
Post Views: 739 The USD/CAD pair builds on last week’s breakout momentum through the 1.3600-1.3610 supply zone and gains some positive traction for the fifth successive day on Tuesday. The USD/CAD pair builds on last week’s breakout momentum through the 1.3600-1.3610 supply zone and gains some positive traction for the fifth successive day on Tuesday.…
UNITED KINGDOM ILO UNEMPLOYMENT RATE (3M) CAME IN AT 4.2%, ABOVE EXPECTATIONS (4%) IN FEBRUARY
Post Views: 743 The United Kingdom Unemployment Rate rose to 4.2% in three months to February. UK UNEMPLOYMENT RATE CLIMBS TO 4.2% IN QUARTER TO FEBRUARY VS. 4.0% EXPECTED The United Kingdom’s (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data published by the…
FOREX TODAY: US DOLLAR STRETCHES HIGHER AHEAD OF FEDSPEAK, HOUSING DATA
Post Views: 567 The US Dollar (USD) continues to gather strength early Tuesday after outperforming its major rivals on Monday. Here is what you need to know on Tuesday, April 16: strength early Tuesday after outperforming its major rivals on Monday. The US economic docket will feature Housing Starts and Building Permits data for March.…
EUR/USD FALLS TOWARD 1.0600 ON HIGHER EXPECTATIONS OF THE FED PROLONGING HIGHER RATES
Post Views: 747 EUR/USD extends its losing streak as the Fed is expected to maintain higher interest rates for an extended period. US Retail Sales (MoM) experienced a 0.7% increase in March, against the expected 0.3% and 0.9% prior. The dovish remarks from the ECB’s officials contribute to downward pressure on the Euro. EUR/USD continues…
CANADIAN DOLLAR USD/CAD REMAINS VULNERABLE AFTER STRONG US RETAIL SALES
Post Views: 794 The US Dollar has resumed its bullish trend as better-than-expected retail consumption data has confirmed the strong momentum of the US economy. The Canadian Dollar (CAD) recovery attempt seen during Monday’s European session has been short-lived. The US Dollar has resumed its bullish trend as better-than-expected retail consumption data has confirmed the…
EUR/USD DECLINES TOWARD 1.0600 AS UPBEAT US RETAIL SALES IMPROVE US DOLLAR’S APPEAL
Post Views: 556 The EUR/USD pair sees more downside below the immediate support of 1.0620 in Monday’s early American session. The EUR/USD pair sees more downside below the immediate support of 1.0620 in Monday’s early American session. The major currency pair weakens as robust spending by United States households at retail stores in March has improved the US Dollar’s appeal. The…
EUR/GBP COULD BREAK BELOW 0.85 THIS YEAR
Post Views: 678 EUR/GBP to dip to 0.84 in the second half of 2024 “It has been our view for some time that EUR/GBP could break below the 0.85 level this year. This view is based on the forecast of a slower start to BoE rate cuts. It also assumes that the UK election, which is expected…
SILVER PRICE TODAY FORECAST: XAG/USD RECOVERS ABOVE $28.50 DESPITE MULTIPLE TAILWINDS
Post Views: 600 Silver price (XAG/USD) finds strong buying interest near $27.50 after correcting from fresh highs of $29.80. Silver price (XAG/USD) finds strong buying interest near $27.50 after correcting from fresh highs of $29.80. The white metal rebounds to $28.50 in Monday’s American session but struggles to extend recovery as investors expect that Middle…
USD/JPY SOARS TO 34-YEAR HIGH AMIDST RISING US YIELDS, RISK AVERSION
Post Views: 583 USD/JPY continues its ascent, breaking past 154.00, driven by strong US economic data and risk aversion from Middle East tensions. Japanese officials voice worries over swift currency fluctuations, staying in close contact with global partners on financial and FX market developments. The US Dollar extended its gains versus the Japanese Yen in…
United States RETAIL SALES RISE 0.7% IN MARCH VS. 0.3% EXPECTED
Post Views: 542 Retail Sales in the US rose 0.7% in March to $709.6 billion, the US Census Bureau reported on Monday. This reading followed the 0.9% increase (revised from 0.6%) recorded in January and came in better than the market expectation of 0.3%. Retail Sales ex Autos grew 1.1% in the same period. “Total…
INDIA GOLD PRICE TODAY: GOLD FALLS, ACCORDING TO MCX DATA
Post Views: 775 Comex India Gold price cheers haven demand amid Iran-Israel conflict Gold prices fell in India on Monday, according to data from India’s Multi Commodity Exchange (MCX). Gold price stood at 72,319 Indian Rupees (INR) per 10 grams, down INR 582 compared with the INR 72,901 it cost on Friday. As for futures…
Gold price dips from fresh highs near $2,430 as investors don’t see Middle East tensions escalating further. Gold XAU/USD Price Today $2324 New Week Down Trand
Post Views: 557 Gold price drops as investors see Isran-Israel tensions stalling Gold price retreats from fresh all-time highs near $2,430 as investors see Iran’s air strike on the Israeli state only as a retaliation to the attack on their embassy in Syria near Damascus. Tensions between Iran and Israel are not expected to escalate…
GBP/USD pair rebounds from lows since November amid expectations of the Fed delaying rate cuts.
Post Views: 759 GBP/USD: Dollar (USD), trading around 1.2460 during Asian hours on Monday. The US Dollar (USD) maintains its position below its peak since November 2023, potentially restricting the upward momentum of the GBP/USD pair. US Dollar Index (DXY) hovers around 106.00, with the 2-year and 10-year yields on US Treasury bonds standing at 4.91% and…
Gold price (XAU/USD) attracts some dip-buying on the first day of a new week and stalls its retracement slide from a fresh all-time peak, around the $2,431-2,432 area touched on Friday.
Post Views: 490 Gold price (XAU/USD) attracts some dip-buying on the first day of a new week and stalls its retracement slide from a fresh all-time peak, around the $2,431-2,432 area touched on Friday. Iran’s attack on Israel over the weekend fueled concerns about a further escalation of conflicts in the Middle East, which, in…
WTI US CRUDE OIL PRICES OSCILLATES IN RANGE AROUND $85.00 MARK DESPITE WORSENING MIDDLE EAST CRISIS
Post Views: 563 West Texas Intermediate (WTI) US crude Oil prices fail to lure buyers despite Iran’s attack on Israel over the weekend and seesaws between tepid gains/minor losses during the Asian session on Monday. WTI kicks off the new week on a subdued note and reacts little to Iran’s attack on Israel. Worries about…
AUSTRALIAN DOLLAR BOUNCES BACK FROM EIGHT-WEEK LOWS AMID A FIRMER US DOLLAR
Post Views: 715 The Australian Dollar (AUD/USD) rebounds on Monday from the eight-week low of 0.6456 reached last Friday. The Australian Dollar (AUD) rebounds on Monday from the eight-week low of 0.6456 reached last Friday. However, the AUD/USD pair encountered obstacles as traders sought refuge in the US Dollar (USD) amidst heightened tensions in the…
IPL 2024: MI vs CSK , Pathirana picks 4 to help CSK win by 20 runs, Rohit Sharma century 105*
Post Views: 795 MI vs CSK, Score updates: and updates from the IPL 2024 match between Mumbai Indians and Chennai Super Kings at the Wankhede Stadium in Mumbai. MI VS CSK IPL 2024 MS Dhoni’s quickfire cameo alongside half-centuries from Ruturaj Gaikwad and Shivam Dube have helped Chennai Super Kings get to 206/4 against Mumbai…
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Sat. Jul 27th, 2024
