Markets: WTI crude down 20-cents to $88.14 US 10-year yields down 7.6 bps to 4.91% Gold up $5 to $1978 S&P 500 down 56 points, or 13% GBP leads, NZD lags Equities took another beating but there were signs of optimism elsewhere. Buyers arrived in fixed income after a test of 10s early in US
Bitcoin, BTC/USD, Ethereum, ETH/USD – Outlook: Bitcoin and Ethereum trends have diverged recently. BTC/USD needs to clear the July high for the upward trajectory to persist.. What is the outlook and what are the key levels to watch? Supercharge your trading prowess with an in-depth analysis of oil’s outlook, offering insights from both fundamental and
Share: The US Dollar struggles to find demand at the end of the week. Markets are digesting Powell’s words on Thursday. US Treasury yields are retreating and the odds of a hike in December declined. The US Dollar (USD) measured by the US Dollar Index (DXY) oscillates between gains and losses in the
Share: The Norges Bank was a leader in terms of policy tightening, beginning back in September 2021. Economists at CIBC Capital Bank see rates peaking at the end of the year. One last hike for the Norges Bank? Having hiked rates on 13 occasions, the Norges Bank remains biased towards an additional 25
Euro News and Price Action Setups Recommended by Richard Snow Get Your Free EUR Forecast Lack of EU Data and Plenty Fed Speak Could Challenge Euro Upside A distinct lack of EU-focused data this week has left the euro with few local drivers but despite this, EUR/USD shows resilience in the face of rising US
Rising expectations of further interest rate hikes, and the belief that the Fed will keep rates elevated for an extended period of time, have proven to be important supports for the Dollar’s strength in August-October. Fed Chairman Jerome Powell said on Thursday, that various uncertainties, both old and new, make it difficult for the Fed
US stocks are closing the session at the lows with the Nasdaq index leading the way. The final numbers are showing: Dow industrial average -286.91 points or -0.86% at 33127.27 S&P index -53.84 points or -1.26% at 4224.15 NASDAQ index is down -202.38 points or -1.53% at 12983.80 For the trading week, the NASDAQ fell
GOLD OUTLOOK & ANALYSIS Declining real yields and souring risk sentiment supports gold. Fed speakers to come later today as markets mull over Powell speech. Can overbought XAU/USD push higher? Elevate your trading skills and gain a competitive edge. Get your hands on the Gold Q4 outlook today for exclusive insights into key market catalysts
© Reuters. Investing.com– Most Asian currencies were muted on Thursday, nursing steep overnight losses as the dollar firmed tracking a spike in Treasury yields before a closely-watched address by Federal Reserve Chair Jerome Powell. Sentiment remained frail amid little signs of deescalation in the Israel-Hamas war, which kept traders wary of risk-driven assets. This was
Share: Mexican Peso stays defensive, posting over 1% weekly loss vs. the US Dollar. August Retail Sales in Mexico show a mixed picture, with gains over the year but a monthly plunge and signs of deceleration. Geopolitical risks cap Peso’s gains, including tensions in the Middle East and US military base attacks. Mexican
