Investing.com– Most Asian currencies rose on Wednesday as less hawkish signals from Federal Reserve officials ramped up hopes for an early interest rate cut in 2024, which put the dollar near four-month lows. The was the best performer for the day, rallying nearly 1% after the Reserve Bank of New Zealand , but flagged potential
© 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. As US traders took a break for Thanksgiving today, the (DXY), a measure of the currency’s strength against a basket of other major currencies, dipped below the 104 mark. This movement suggests a potential weekly decline for the dollar. The quietness in the markets coincides with the annual holiday closure, which often leads
© Reuters. FILE PHOTO: A representation of cryptocurrency bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo (Reuters) – rose 5.7 % to $37,802 at 2129 GMT on Wednesday, adding $2,044 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency,
Oil (Brent, WTI) News and Analysis EIA storage figures reveal increasing stock levels – keeping prices suppressed Brent crude pullback has proven to be short lived after failing to surpass 200 SMA WTI revealing a bearish formation (evening star) at notable level of resistance The analysis in this article makes use of chart patterns and
O dollar operated at a high this session, recovering after a strong fall yesterday, with weakness in the euro and the pound after weaker than expected data in Europe, supporting the expectation of an end to interest rate hikes by the region’s central banks. The DXY index, which measures the dollar against a basket of strong currencies,
Share: AUD/USD experienced a notable uptick, gaining 0.67% in the New York session and heading towards a weekly increase of over 2.30%. Despite Federal Reserve officials resisting the idea of rate cuts in 2024, market futures are pricing in a potential easing of 100 basis points by December next year. Upcoming week will
Japanese Yen Analysis (USD/JPY, GBP/JPY) US CPI Has Knock on Effects for the Wider FX Market With inflation heading in the right direction, forward-looking markets are already anticipating interest rate cuts sooner than before, potentially accelerating the dollar decline. The greenback has been propped up throughout the rate hiking cycle, buoyed mainly by rising rate
© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Dhara Ranasinghe LONDON (Reuters) – The dollar climbed to its highest levels in over a year against the Japanese yen on Monday, supported by a scaling back of
Share: HSBC hands TSLA stock a Reduce rating and price target of $146. Tesla stock is consolidating right on top of $210 support level. HSBC analyst says too much of Tesla growth story comes at end of decade. President Joe Biden supports UAW attempt to unionize Tesla factories. Tesla (TSLA) stock moved
