© Reuters. FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Herbert Lash and Iain Withers NEW YORK/LONDON (Reuters) – The dollar posted its second-steepest weekly decline versus other major currencies this year on Friday, while the yen strengthened sharply, and the dollar traded
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: Indian Rupee trades firmly, supported by the potential aggressive intervention by the Reserve Bank of India (RBI). A rise in US Treasury yields and higher crude oil prices might cap the upside of the Indian Rupee. Investors will focus on the RBI Forex swap maturity, US economic data. Indian Rupee (INR) posts
Share: USD/INR sticks to modest gains below the mid-83.00s ahead of US data. US Durable Goods Orders rose by 0.2% MoM vs. -5.6% prior. Reserve Bank of India (RBI) is likely to keep the interest rate unchanged at its October meeting. Investors will closely watch the US consumer inflation due on Friday. USD/INR
XAU/USD, S&P 500 PRICE FORECAST: MOST READ: Japanese Yen Outlook: USD/JPY, EUR/JPY Analyzed Post BoJ Minutes Release Download your Free Guide for Beginner Traders Now Recommended by Zain Vawda Forex for Beginners Global markets continued to feel the pinch today extending losses in the early part of the US session as US Yields continued to
Bitcoin (BTC) and Ethereum (ETH) Prices, Charts, and Analysis: Bitcoin is rallying ahead of Wednesday’s FOMC meeting. Open interest is moving higher. Learn How toTrade Cryptocurrencies Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading Bitcoin is back above $27k today as open interest in the largest cryptocurrency by market cap continues to
Let’s start with NVIDIA that after the close reported results of a stellar Q2 and topped analyst estimates both on Revenues ($13.51 billion vs $11.22 billion expected) and EPS ($2.70 vs $2.09). The company raised its forecast again and expects its Q3 revenues to climb to $16 billion, an increase of 170% y/y. Gains are