The major US stock indices are opening near unchanged on the day. Yesterday, shares were little changed as well with: Dow industrial average fell -56.68 points or -0.16% at 35333.48 S&P index fell -8.89 points or -0.19% at 4550.44 NASDAQ index fell -9.84 points or -0.07% at 14241.01 At the start of trading today, a
There isn’t much on the data docket to kick things off in the new week in European trading later. The dollar is trading more mixed on the day, with USD/JPY having earlier touched a low of 148.90 before holding around 149.15 currently – still down 0.2%. But commodity currencies are marginally lower against the greenback,
Share: The XAU/USD sees a boost, ascending to the $2000 level. The US Dollar weakened after mixed S&P PMIs. Higher US yields may limit the upside of the metal. The XAU/USD is finding traction in Friday’s session, capitalising on mixed S&P PMIs and a weakening US Dollar. The pair, commonly recognised as
Share: The DXY Index declined to 103.45, a 0.30% loss. The index will tally a 0.30% weekly loss as well. S&P PMIs showed a mixed outlook, with the manufacturing sector weakening and the service sector expanding. The US Dollar (USD) is receding on Friday with the DXY index, which measures the value of
© Reuters. The is trading just below a key level of 104 today as investors await the afternoon release of PMI data that could influence the currency’s strength. The anticipated reports are expected to reveal a slight downturn in both the Manufacturing and Services sectors, with forecasts predicting figures of 49.8 and 50.4, respectively. A
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
© Reuters. The Australian dollar reached a three-month peak against the US dollar today, trading at 0.6591, buoyed by a combination of positive market sentiment and waning US dollar strength. The shift in currency dynamics follows the release of mixed economic indicators from the United States. Today’s reports showed an expansion in the US services
The major US indices are closing mixed on the day with the Dow leading the way higher. The broader S&P is little changed, while the tech-heavy Nasdaq is down marginally. The final numbers are showing: Dow Industrial Average is up 117.12 points or 0.33% at 35390.14 S&P is up 2.70 points or 0.06% at 4559.33
Share: The GBP/USD tumbles during the mid-North American session after economic data from the United States (US) suggested the battle against inflation is not done while the economy continues to decelerate, as sought by the US Federal Reserve (Fed). At the time of writing, the pair is trading at 1.2456, losing 0.63%. Read More… GBP/USD
Eurostoxx flat Germany DAX -0.1% France CAC 40 +0.3% UK FTSE -0.3% Spain IBEX +0.6% Italy FTSE MIB +0.1% It’s a more tentative one for equities with US futures also little changed and looking flattish now. But the dollar is not really taking much comfort in that as it sags lower to start the session
