Investors are favoring the euro and British pound today, Friday, as they await the US employment report that may indicate steady hiring ahead of a potential downturn. The report, however, might not offer clear guidance on future Federal Reserve policy due to overlooked household financial conditions and strikes. Economists predict an increase of 173,000 jobs
Share: Pound Sterling finds buying interest while UK recession risks remain intact. UK Manufacturing PMI is expected to contract for the 14th time in a row. UK’s real estate inquiries increase as households see no more increase in mortgage rates. The Pound Sterling (GBP) faces an intense sell-off despite the United States’ core Personal
Share: Nike beat earnings consensus for FQ1 results. The quarter ending in August witnessed better pricing power. Nike earned $0.94 per share on revenue of $12.94 billion. NKE stock has conquered the 21-day SMA, signaling a new uptrend. August PCE data shows core inflation slowing its growth trajectory. Nike (NKE) stock has surged
Share: AUD/USD trades at 0.6435, recovering from a daily low of 0.6416, as Chinese economic data boosts market sentiment. US Federal Reserve expected to hold rates steady, with a 99% chance of no change, as investors await ‘dot-plots’ for future rate path. Michelle Bullock to begin her term as the new RBA Governor
Share: USD/NOK saw green on Friday, rising 0.50% above 10.788. Investors expect the NB to deliver a 25 basis point hike to 4.25% next week. The Fed decision will likely be a pause next Wednesday. On the last day of the week, the USD/NOK gained additional traction, rising to multi-month highs above 10.788. On the NOK’s
The stock market, while an integral part of global finance, isn’t immune to manipulation. Many times, retail investors, or everyday individuals investing personal capital, find themselves at a disadvantage when matched against bigger institutional players. This article sheds light on how market manipulation occurs and why private individuals often bear the brunt of these tactics.
© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Kevin Buckland TOKYO (Reuters) – The U.S. dollar on Wednesday clawed back some of the previous session’s sharp declines as investors looked ahead to more labour market data for clues on the path for Federal
© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/file photo By Ankur Banerjee SINGAPORE (Reuters) – The dollar eased from a 12-week peak on Monday as traders weighed the U.S. monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the
S&P 500, Nasdaq News Analysis Quiet week sees risk sentiment edge higher but rising US yields pose a headwind S&P 500, Nasdaq 100 immediately weaker after gapping higher at the open High US yields threaten the attractiveness of expensive US stocks ahead of Nvidia results The analysis in this article makes use of chart patterns
Share: EUR/GBP oscillates around the 0.8604–24 region in a narrow trading band. The German Harmonized Index of Consumer Prices (HICP) came in at 6.5%, as expected. The Bank of England (BoE) policymaker said interest rates were expected to remain high for a longer period. The EUR/GBP pair oscillates in a narrow range around 0.8620 heading into the
