© Reuters. Despite the usual end-of-year softening, the strength of the dollar, bolstered by US macro outperformance and a hawkish stance from the Federal Reserve, is predicted to continue. The dollar has remained unaffected by a sell-off in Treasuries and increases in long-end curve rates. High US rates and an unorganized rise in US yields
Share: The key event during the Asian session will be the Reserve Bank of Australia meeting, with a rate hike expected. China will release important trade data. Later in the day, Eurostat will release the Producer Price Index. Here is what you need to know on Tuesday, November 7: The US Dollar Index
OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices are up around 1.3% at the time of writing as Saudi Arabia and Russia reiterate commitment to supply cuts. The two OPEC members confirmed their commitment to extra voluntary oil supply cuts to the end of 2023.
The Walt Disney Co., a diversified international family entertainment and media enterprise founded since 1923, shall release its Q4 2023 earnings result on 8th November (Wednesday), after market close. The company operates via two main segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The former covers the company’s global
As the day works toward the close, the major US stock indices have turned into negative territory: Dow Industrial Average is down 61 points or-0.18% at 34000.61 S&P index is down -9.36 points or -0.21% of 4349.01 NASDAQ index is down -22.71 points or -0.71% at 13455.90 All 3 major indices or trading between their
XAU/USD, XAG/USD PRICE FORECAST: MOST READ: Japanese Yen Weekly Forecast: BoJ Tweak Fails to Inspire but Dollar Weakness Looks Promising for USD/JPY Gold prices are consolidating today following another attempt at the $2000/oz handle on Friday. Despite the weaker US Dollar we are seeing a slight recovery in US Yields and improving risk appetite which
© Reuters. The Swiss National Bank (SNB) is progressing with its groundbreaking Helvetia Phase III pilot program, marking a significant shift from the testing to the actual implementation of a central bank digital currency (CBDC). This initiative, led by SNB Chairman Thomas Jordan and SIX Digital Exchange, will enable real bond transactions to be settled
Share: The GBP/JPY is grinding towards 186.00 as Bank of Japan confirms dovish stance. BoJ to continue massive bond purchases despite new operations. GBP/JPY tips into a fresh 9-week high for Monday. The GBP/JPY continues to climb with the Japanese Yen (JPY) continuing to get pushed into the floorboards by the Bank of
In the fast-paced world of financial markets, traders are always on the lookout for tools that can help them make informed decisions. One such tool that has gained popularity in recent times is the Semafor Alert MT4 Indicator. In this article, we will delve into what this indicator is, how it works, and why it’s
GBP/USD News and Analysis Markets turn dovish on rates after Powell’s dot plot comments Bank of England maintains hawkish posture but worrying growth, employment data could test its resolve sooner than expected GBP/USD buoyed by dollar decline – meets immediate resistance via 200 SMA The analysis in this article makes use of chart patterns and
