Category: Higher
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Dollar steadies, euro edges higher ahead of key ECB meeting By Investing.com
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Investing.com – The US dollar was steady in early European trade on Thursday, while the euro rose ahead of the European Central Bank’s latest policy-setting meeting. At 04:00 EST (09:00 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose slightly to 104.265.…
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DOGE Primed for a Major Move Higher!
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Dogecoin is moving higher above the $0.160 resistance area against the US Dollar. DOGE holds its gains and may aim to move above $0.1650. DOGE price is moving higher above the $0.160 resistance area. The price is trading above the $0.160 level and the 100 hourly simple moving average. There…
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DOGE Primed for a Major Move Higher!
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Dogecoin is moving higher above the $0.160 resistance area against the US Dollar. DOGE holds its gains and may aim to move above $0.1650. DOGE price is moving higher above the $0.160 resistance area. The price is trading above the $0.160 level and the 100 hourly simple moving average. There…
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Futures edge higher as rate-cut bets tick up; key data awaited By Reuters
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(Reuters) – US stock index futures rose on Wednesday as investors increased their bets on an earlier start to interest rate cuts by the Federal Reserve (the US central bank) this year than previously expected, after a series of economic data that indicated a slowdown in growth. Economic. Wall Street…
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The opening bell: US major indices marginally higher after PCE data
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Core US PCE data came in slightly softer at 0.2% versus 0.3% (rounded). In reality, it averaged roughly between 0.2% and 0.3% plus 0.249%, skewing the rounded number to the downside (i.e. 0.2%). However, it is a good number that pushed the major indices to the upside in early trading.…
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Japan stocks higher at close of trade; Nikkei 225 up 1.27% By Investing.com
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Investing.com – Japanese stocks rose after the close on Friday, as gains in the stock sector led shares higher. At the close in Tokyo, the index rose by 1.27%. Among today’s leading stocks was Sumitomo Dainippon Pharma (TYO:), which rose 6.64%, or 19.00 points, to trade at 305.00 at the…
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Forexlive Americas FX news wrap 29 May: The USD moves higher with higher yields.
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The US dollar rose supported by higher yields. For the third coupon auction this week, demand was less than ideal. Yesterday was the 2 and 5 year auction. Today was a 7 year note. For the trading week, the 10-year yield did not come close to 15 basis points while…
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Real estate sale: Country club seeks higher price in sale of 2,000-year-old sacred ceremonial grounds
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The Ohio State Historical Society is one step closer to taking control of ancient ceremonial and burial earthworks maintained by a country club where members play hillside golf. The trial was scheduled to begin Tuesday to determine how much the historical society should pay for the site, which is among…
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Real estate sale: Country club seeks higher price in sale of 2,000-year-old sacred ceremonial grounds
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The Ohio State Historical Society is one step closer to taking control of ancient ceremonial and burial earthworks maintained by a country club where members play hillside golf. The trial was scheduled to begin Tuesday to determine how much the historical society should pay for the site, which is among…
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US stock futures inch higher in slim trade as PCE data approaches By Investing.com
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Investing.com — U.S. stock index futures rose slightly in overnight trading Monday, with the focus largely on more signals on interest rates from key inflation data due later in the week. Memorial Day weekend kept trading volumes minimal. But trading volumes are expected to rise this week with a barrage…
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Major US indices open the last day of the week higher
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Major indices are trading higher in early US trading. Gains in major indices are in the 0.3% range. Eight minutes after opening: The Dow Jones Industrial Average rose 114.82 points, or 0.29%, to 39,180.09 points. The Standard & Poor’s index rose 17.97 points, or 0.34%, to 5,285.82 points. The Nasdaq…
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Israel stocks higher at close of trade; TA 35 up 0.25% By Investing.com
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Investing.com – Israeli stocks rose after the close on Sunday, as gains in the stock sector pushed shares higher. At the close in Tel Aviv, it rose by 0.25%. The best performers of the session were big Shopping Centers Limited (TASE:) stock rose by 2.88%, or 1,050.00 points, and its…
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Deficit warning: Yellen says higher rates make managing it harder
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Treasury Secretary Janet Yellen said expectations of higher long-term interest rates make it difficult to contain U.S. borrowing needs, making a revenue boost more important in negotiations with Republican lawmakers. “We raised interest rate expectations,” Yellen said Friday in an interview with Bloomberg News. “It doesn’t make a difference. It…
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Closing the fiscal gap: Higher VAT, lower net pay
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Work on the 2025 budget is progressing well, although there is still time before it is approved by the Knesset. This time, budget preparation will be particularly complicated, because of the war, the fiscal deficit, and the measures that taxpayers will have to bear. Specialists in the Ministry of Finance…
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Forexlive Americas FX news wrap 24 May; USD moves higher. Nasdaq &S&P gain for 5th week
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As the week comes to a close, the Canadian dollar ends the day as the strongest among the major currencies. The Swiss franc is the weakest. The US dollar was mostly lower with modest gains against the Japanese yen and Swiss franc. The Canadian dollar rose despite lower-than-expected retail sales…
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The RBNZ rate decision sent the NZDUSD higher into swing area resistance. What next?
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The Reserve Bank of New Zealand kept interest rates unchanged but raised its forecasts for future interest rates. This was more stringent and sent the NZD/USD pair higher. But after reaching the swing zone resistance between 0.6148 and 0.6159, buyers turned to sellers. It was believed that Governor Orr’s comments…
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Dollar keeps steadier on higher yields, cautious risk mood
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Bond yields rose after the UK CPI report was released earlier, helping to support the USD/JPY pair slightly. The pair rose by 0.2% to reach 156.47, as it continues to close at the highest level recorded last week at 156.78. This comes as 10-year Treasury yields rose by 2.9 basis…
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RBNZ Delivers a Hawkish Hold with Rate Hike Talks and Higher Inflation Projections
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As expected, the Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ) kept its policy rate at 5.50% for the eighth straight meeting in May. What traders did not expect was for the central bank to share this.”The committee discussed the possibility of increasing OCR at this…
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Cleveland Fed Pres. Mester: Monetary policies restrictive. Neutral rate may be higher
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President of the Federal Reserve Bank of Cleveland. Speaking on Bloomberg TV, Meester says: Monetary policy is restrictive. Inflation progress stalled in the first three months The April CPI report was good news, but it is too early to know what path inflation is taking Labor markets have become more…