Author: FX
Gold price steadied at $2,660 after hitting a record high of $2,670. Traders assign a 60% chance for another 50 bps of Fed rate cuts in November. US Treasury yields and a stronger US Dollar limited Gold’s upside despite bullish momentum. Gold price remains steadily above $2,650 for the second straight session on Wednesdayas traders increased the odds for another big interest rate cut by the Federal Reserve (Fed) at the upcoming November meeting. That and high US Treasury yields kept the XAU/USD from rising further, and it mostly traded near $2,660, up 0.14%. Market sentiment shifted slightly sour during…
Aytu BioScience Q4 Earnings Preview Source link
Earlier today, the price of the GBPUSD moved to the highest level going back to January 2022. In the process, the price moved into a swing area between 1.3411 and 1.3511 on the weekly chart (see red numbered circles on the weekly chart).. Seller on the first return to that area leaned against it and sold.The price has moved down and has now broken below the rising 100-hour MA on the chart below (blue line). That MA comes in at 1.3338. The price is also now below the low of a swing area down to 1.33308. Close risk is now…
iShares Transportation Average ETF declares quarterly distribution of $0.4401 Source link
EUR/GBP retraced Monday’s sharp downward movements. The daily RSI and MACD signals a stabilizing selling pressure. The pair might extend its current sideways trend in the next sessions. EUR/GBP rose to 0.8370 on Wednesday, displaying some volatility during the European trading session. Nevertheless, the pair failed to hold on to gains, and it currently trades at 0.8350. The cross seems to be consolidating the start of the week’s sharp downward movements with sellers taking a breather. The Relative Strength Index (RSI) on the daily chart stands at 37, suggesting that buyers are starting to take control after Monday’s selloff, and…
ROME (Reuters) – Elon Musk said on Wednesday that he was not having an affair with Italian Prime Minister Giorgia Meloni, replying to a joke after their mutual praise at a black-tie event in New York this week drew headlines on both sides of the Atlantic. Photographs of the two lit up social media after Musk presented Meloni with the Global Citizen Award from the Atlantic Council think tank on Monday. The New York Post called it a “public love-in” between the world’s richest man and the first female Italian prime minister. “I was there with my Mom. There is…
US futures in the major stock indices are implying a lower open – but only marginally. Dow industrial average futures are implying a gain of 1.25 points. Yesterday, the index closed at a record levelS&P index is down -2.75 points. Yesterday the index rose 14.36 points or 0.25% and closed at a record levelNASDAQ index is down -27.09 points. Yesterday the index rose 100.25 points or 0.56%Shares of Apple are down around 1% in premarket trading on the back of reports of weaker iPhone sales.Nvidia shares are trading up 0.82% after rising near 4% yesterday.Microsoft shares felt -1% yesterday, but…
Natural Gas receives another bullish element besides the geopolitical tensions between Lebanon and Israel. European Gas reserves are seeing current drawdowns outpace recent supply injections. The US Dollar Index is under pressure as China’s stimulus plan leads to investors relocating parts of their investments. Natural Gas futures edge higher on Wednesday after a small pause in their rally the previous day. Heightened geopolitical tensions between Israel and Lebanon are still present, with supply concerns for Europe emerging as well on top. The underground Gas stockpile reserves in Europe are nearly 94% full, which is an excellent level, though more concerning…
Trading, whether it’s currency or stocks or options, is usually associated with money and risk – things that most people find very exciting. The truth, however, is that there is sooo much work behind the scenes that a lot of newbies quit at the onset of boredom. Those who are starting out might be surprised to find that plenty of hours have to be put in when it comes to analyzing economic data, studying the charts, hunting for good setups, and journaling trades. And then there are days when markets are stuck in a range and there are no good…
Robert vt Hoenderdaal/iStock Editorial via Getty Images Rentokil’s (NYSE:RTO) stock rose as much as 4% in premarket trading Wednesday after the pest control company said Brian Baldwin, head of research at the activist Trian Fund Management, will join the board as a non-executive director. Earlier this month, the Source link