Category: Markets
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Asia FX muted before PCE test; yen firms on strong CPI, while yuan hits 2024 peak By Investing.com
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Most Asian currencies remained in a tight range on Friday as the dollar held onto recent gains in anticipation of key inflation data that is likely to influence interest rate expectations. The Japanese yen strengthened, approaching levels seen at the start of the month, as strong inflation data from Tokyo…
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Chart Art: EUR/NZD Long-Term Range Support
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After being rejected at the long-term resistance level, the EUR/NZD pair now appears to be focused on testing support. Will the floor hold up again? Take a look at these turning points that I watch for on the daily time frame: EUR/NZD Daily Currency Pair Chart by TradingView A combination…
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Chart Art: EUR/NZD Long-Term Range Support
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After being rejected at the long-term resistance level, the EUR/NZD pair now appears to be focused on testing support. Will the floor hold up again? Take a look at these turning points that I watch for on the daily time frame: EUR/NZD Daily Currency Pair Chart by TradingView A combination…
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USDCHF trades between 100/200 hour MAs
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While the EURUSD and GBPUSD pair are trading between the 100 and 200 hourly moving averages, the USDCHF pair is also trading between these two moving averages with the last trading day of the week starting. The 100-hour moving average is below the current price at 0.8448 (blue line in…
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USDCHF trades between 100/200 hour MAs
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While the EURUSD and GBPUSD pair are trading between the 100 and 200 hourly moving averages, the USDCHF pair is also trading between these two moving averages with the last trading day of the week starting. The 100-hour moving average is below the current price at 0.8448 (blue line in…
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Australia’s Star Entertainment halts trading to assess impact of regulatory findings By Reuters
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Star Entertainment said on Friday its Australian-listed shares had been halted from trading so the casino operator could absorb the fallout from a scathing report into its corporate culture and assess the implications for its 2024 financial results. Earlier this year, the New South Wales Independent Casino Commission (NICC) appointed…
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U.S. Q2 2024 GDP Revised Higher Thanks to Stronger Consumer Spending
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The second edition of the US GDP reading has been upgraded to show: Faster expansion of 3.0% in Q2 2024 This is up from the initial figure of 2.8%. This also reflects a significant acceleration in economic growth compared to the first quarter of 2024 GDP of 1.4%. The positive…
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Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – Elon Musk and his electric car company Tesla Inc won a federal lawsuit on Tuesday that accused them of defrauding investors by promoting the cryptocurrency Dogecoin and conducting insider trading that caused billions of dollars in losses. U.S. District Judge Alvin Hellerstein in…
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TA of the Day: Is the Uptrend in GBP/USD Over?
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sterling The pound has reached its highest level against the US dollar in about two and a half years, and is also performing well against the euro. The rise in the pound is largely driven by speculative bets on interest rates based on expectations that the Bank of England will…
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Forexlive Americas FX news wrap: US second quarter GDP gets an upgrade but USD gains fade
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Vow ASA outlines solid growth and new contracts By Investing.com
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In a recent earnings call, Vow ASA (VOW) CEO Henrik Badin and CFO Tina Tonnessen discussed the company’s financial health and strategic developments. They announced a new bank agreement that secures stability, reported improved margins, and confirmed a strong order backlog across three main business areas. Vow ASA is also…
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Vow ASA outlines solid growth and new contracts By Investing.com
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In a recent earnings call, Vow ASA (VOW) CEO Henrik Badin and CFO Tina Tonnessen discussed the company’s financial health and strategic developments. They announced a new bank agreement that secures stability, reported improved margins, and confirmed a strong order backlog across three main business areas. Vow ASA is also…
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Asia FX drifts higher as dollar rebound cools ahead of GDP, inflation data By Investing.com
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Most Asian currencies rose on Thursday, albeit slightly, as the dollar’s recovery stalled ahead of key economic readings likely to weigh on expectations of interest rate cuts. Regional currencies came under renewed pressure this week as the dollar recovered from 13-month lows, amid growing speculation about how far the US…
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Asia FX drifts higher as dollar rebound cools ahead of GDP, inflation data By Investing.com
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Most Asian currencies rose on Thursday, albeit slightly, as the dollar’s recovery stalled ahead of key economic readings likely to weigh on expectations of interest rate cuts. Regional currencies came under renewed pressure this week as the dollar recovered from 13-month lows, amid growing speculation about how far the US…
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Gold climbs to the highs of the day, nears new record
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gold 10 minutes The daily chart of gold has had a nice turnaround. It dropped about $15 after a round of USD buying on the back of good GDP data, but has since regained all that and more. The bids came in just before $2,500, and now the price is…
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France’s Macron visits Serbia to boost EU ties, discuss Rafale deal By Reuters
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Written by Alexander Vasovich BELGRADE (Reuters) – French President Emmanuel Macron heads to Belgrade on Thursday to strengthen ties with Serbia and bring it closer to the West as the Balkan country tries to reconcile its bid to join the European Union with close ties with Russia and China. During…
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Analysis-Sterling’s stunning rally keeps twitchy currency markets on edge By Reuters
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By Naomi Rovnick LONDON (Reuters) – Sterling hit a near 2-1/2-year high against the dollar and soared against the euro in moves analysts warned were fuelled by speculative interest rate bets that could quickly unravel in markets still shaken by the country’s turmoil in early August. Sterling has risen above…
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Tech giants thrive amidst market turbulence: A snapshot of today’s stock movements
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Stock Heat Map from FinViz.com Thursday, August 29, 2024 13:46:10 GMT Overview of market movements and sector performance Today’s stock market presents a dynamic landscape with significant movements across various sectors. A focused analysis of the market heat map provides insight into sector performance, highlighting several key trends and movements…
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US stocks gain after healthy growth data; Nvidia’s guidance disappoints By Investing.com
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U.S. stocks rose on Thursday after stronger-than-expected growth data eased concerns about a sharp slowdown in the U.S. economy. At 09:40 ET (13:40 GMT), the S&P 500 was up about 100 points, or 0.2%, gaining 17 points, or 0.3%, and up 135 points, or 0.8%. GDP growth eases hard landing…