Share: The USD/SEK pair witnessed a 0.30% drop, hovering around the 10.452 level. Mixed S&P PMIs make the US struggle to gather demand. Riksbank’s hawkish hold on Thursday strengthened the SEK as the bank didn’t rule out a hike in 2024. The Swedish Krona (SEK) is gaining ground against the US Dollar (USD) in
Share: The USD/SEK is seen at 10.908 with 0.10% loses US Treasury yields retreated after sharply rising on Thursday. All eyes are on next week’s CPI data from October from the US. The USD/SEK showed minimal downward movements around the 10.908 area on Friday. The pair declined as the Greenback consolidated the week’s
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Alongside the surge in USD/JPY Japanese authorities have insisted, over and over again, that the rate should trade in a stable fashion ‘driven by fundamentals’. And over and over again the market has insisted that a 500+ or so bp differential between US and Japanese rates are a solid fundamental. The IMF have weighed in,
Share: Mullen Automotive stock has gained 7% over the past five trading sessions. MULN stock slid 35% in late September as delisting worries continued. Friday’s Nonfarm Payrolls blew expectations out of the water as US hiring exploded. Bulls need to shoot for the 21-day SMA near $0.51. NASDAQ Composite gives up over 1% on
Gold, Silver Analysis Recommended by Richard Snow Get Your Free Gold Forecast Higher Rates, Yields, USD and now More Job Openings too A shock surprise in US job openings data revealed that more than 9.6 million jobs in the US have gone abegging. The consensus estimate hinted at only 8.15 million as the job market
The major US stock indices are rebounding from yesterday’s sharp declines which saw the NASDAQ fall -1.57%, and the S&P index fall -1.47%. A snapshot of the market 6 minutes into the open is showing: Dow industrial average +15.49 points or 0.05% at 33634.38 S&P index up 12.28 points or 0.29% at 4285.82 NASDAQ index
S&P is out with it expectations for the UAW strike and implications. They say Warns that if the UAW strike continues for over a week and expands, it could lead to significant reductions in earnings and liquidity in the US auto sector for 2023. Predicts a slowdown in U.S. auto sector momentum in the second
Share: XAG/USD declined by 0.90% to the $22.80 area. Headline CPI from the US from August rose to 3.7% YoY, beating expectations. US yields retreated but remain uncomfortably high for precious metals. In Wednesday’s session, Silver prices retreated and failed to consolidate above $23.00, falling to the $22.80 area. After fresh inflation figures
Share: AUD/USD retreated below the 20-day SMA towards 0.6450. The August NFP report from the US sent mixed signals from the US labour market. The Greenback benefited from higher-than-expected ISM PMIs. In Friday’s session, the USD initially dropped and found support at the 20-day Simple Moving Average (SMA) of 103.30 but then managed
