© Reuters. The New Zealand dollar (NZD) saw an uptick today, approaching a key resistance level as global markets reacted to a mix of economic signals and political changes. The currency edged closer to the 200-day Simple Moving Average (SMA) benchmark of 0.6100, buoyed by a decline in oil prices and the formation of a
© Reuters. NEW DELHI – The Reserve Bank of India (RBI) has reported a decline in India’s foreign exchange reserves, with a net decrease of $460 million, bringing the total to $590.32 billion as of the week ending on Thursday. This shift interrupts a previous increase in reserves due to active measures taken by the
© Reuters Investing.com– Most Asian currencies moved little on Friday after strong gains earlier this week, while the dollar headed for a sharp weekly fall as weak labor market data fueled more bets that the Federal Reserve will trim interest rates by mid-2024. Weakness in the dollar put most regional units on course for a
UK Inflation Drops Across the Board UK headline CPI 4.6% vs 4.8 exp. Prior 6.7% UK core CPI 5.7% vs 5.8% exp. Prior 6.1% Largest contributors to CPI drop: housing and household services (energy) and food The analysis in this article makes use of chart patterns and key support and resistance levels. For more information
Share: Gold was able to gain something of a foothold again at the start of the week. Economists at Commerzbank analyze the yellow metal’s outlook. Gold likely to tread water ahead of US inflation data Gold’s recovery potential is likely to remain limited ahead of the US inflation data due to be published
WTI crude oil daily WTI crude oil has rebounded $1.22 today but it was flushed lower this week on a series of factors that offer hints on what’s coming next. 1) Technical selling The first reason is the simplest: $80 broke. Oil tested $80 several times before finally breaking it on Tuesday. That sent crude
ECB policymakers keen to cool euphoria over inflation drop FULL STORY The European Central Bank needs to see further progress in dampening inflationary pressures, and companies along with governments need to chip in to prevent more policy tightening, ECB policymakers said on Wednesday. Policymakers speaking at various venues across Europe appeared keen to cool any
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk LONDON (Reuters) -The U.S. dollar extended its decline on Monday, having fallen last week by the most since July after the Federal Reserve dialled down its hawkish rhetoric and U.S. data showed signs
WTI crude itself is up roughly 2.5% to $85.28 as oil is seeking a rebound towards the end of the week. The low this week nearly touched the $82 level, where we also saw price find a rebound at the start of the month: WTI crude oil daily chart The tensions in the Middle East
2/2 © Reuters. FILE PHOTO: A teller counts Indonesian rupiah bank notes at a money changer in Jakarta, Indonesia, October 14, 2022. REUTERS/Willy Kurniawan/File Photo 2/2 By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s President Joko Widodo said on Tuesday the rupiah’s recent depreciation rate against the dollar was still “safe” for Southeast Asia’s
