In the year-to-date USD/JPY has traded in a mighty range that has stretched almost from 140 to 162. By contrast EUR/USD has been stuck between 1.06 and 1.10, Rabobank’s FX analyst Jane Foley notes. Potential risks for a break higher coming from a softer USD “The lack of strong direction in EUR/USD is despite a
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The NZDUSD had a rollercoaster ride today with the pair reaching a new low for the year (but only by 3 or so pips). That low took out lows from April and July. After failing on the brake, the price rocketed higher, erasing all the declines and trading higher on the day. At the high
After the global selloff in markets since Friday, watchful eyes are turning to the RBA later to see what they have to say about it. But calmer heads so far today will at least help them to sidestep some of that pressure. And they are likely to be able to distract from things and stick
A lifeguard works at the beach at Coney Island on June 15, 2023 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Dailey Jogan was pleased to learn she would get $15 an hour and a handful of perks as the head swim coach for a metro Detroit team. Her older
Linde on Friday reported another impressive quarter, as the industrial gas supplier continues to demonstrate its reliability and value in a diversified stock portfolio. Revenue in the second quarter totaled $8.27 billion, a bit shy of the $8.32 expected by analysts, according to estimates compiled by LSEG. On annual basis, overall revenue was up 0.8%.
Oil prices fell on Friday, with Brent settling at its lowest since January, after data showed the U.S. economy added fewer jobs than expected last month and weak Chinese economic data added pressure. Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or
Global stock markets are in crash mode today, beginning with the massive historic -12.4% decline in Nikkei. Major European indexes are also trading deeply in the red, with losses around -3%, though these are overshadowed by the severe drop in Japan. Concurrently, DOW futures are down over -1100 points, with S&P 500 futures down -4.4%
Gold dips to $2,364, a six-day low, then recovers above $2,400. Market turmoil stems from weak US data, anticipates 50 bps Fed cut in September. US Dollar Index falls 0.50% to 102.70; 10-year Treasury yield to 3.783%. Rising Middle East tensions buoy Gold; US base in Iraq hit by missiles. Gold price dropped over 1%
The old adage is that if the US catches a cold, Canada gets the flu. The market is certainly sending warning signals about the US economy as yields plunge but USD/CAD hasn’t made a decisive move yet. But that moment might not be far off as the pair threatens a trio of highs from the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. Joe Raedle | Getty Images The U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane Beryl are expected to
In this article SQ Follow your favorite stocksCREATE FREE ACCOUNT Dado Ruvic | Reuters Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 93 cents adjusted vs. 84 cents expected Revenue:
Domestic gold prices jumped by over Rs 830 per 10 gram or 1.2% in evening trade, taking cues from the surge in the international markets. The gains were on account of dollar weakness and a positive commentary from the US Federal Reserve on Wednesday hinting at the likelihood of interest rate cut in September. At
Sterling suffered an initial sell-off in European trading and remained weak following BoE’s decision to cut the Bank Rate by 25 basis points to 5.00%. However, it stabilized during Governor Andrew Bailey’s press conference. The tight 5-4 vote to cut the rate underscored that monetary policy easing is not on auto-pilot for BoE. Bailey highlighted
Mexican Peso depreciates over 1% after printing solid gains. Mexico’s economic data shows unchanged business confidence and contraction in manufacturing activity. Fed hints at possible rate cut in September, driving traders to the safety of the USD. The Mexican Peso erases earlier gains and tanks against the US Dollar, extending its weekly losses after the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Venezuela’s presidential election results are not yet known. Polls began to close on Sunday. The contest is Nicolás Maduro’s facing off with opposition candidate Edmundo González. González has been leading in the polls, but in echoes of what we have heard another presidential election, Maduro says a big electoral victory is necessary to avoid “a
An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with Dow Jones estimates,
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