Author: FX
The major European indices are all closing lower led by the German DAX with a decline of -0.61%.A snapshot of the closing levels shows:German DAX, -0.61%France’s CAC, -0.41%UK’s FTSE 100 -0.39%Spain’s Ibex -0.27%Italy’s FTSE MIB -0.43%As London/European traders head for the exits, US stocks still remain lower but are well off their lows for the day.A snapshot of the US market currently shows:Dow industrial average -0.08%S&P index -0.31%NASDAQ index -0.24%Russell 2000-0.74%The NASDAQ index opened under pressure, with sellers pushing the price below its 100-hour moving average at 22,244.70. That early break tilted the bias lower, but downside momentum quickly faded.Since…
The Canadian Dollar (CAD) remains under slight pressure on Thursday against the US Dollar (USD) as markets anticipate the release of July’s monthly Canadian Gross Domestic Product (GDP) on Friday at 12:30 GMT.The CAD remains held back by persistent fears about the state of the domestic economy. GDP is expected to rise by 0.1% month-on-month in July following a 0.1% decline in June, which may offer a brief respite for the Canadian Dollar, but is unlikely to be enough to dispel increasing doubts about the country’s economic outlook.GDP under close scrutinyAnalysts are anticipating a modest 0.1% rebound in GDP in…
The British Pound weakens as upbeat US data drives broad-based demand for the Greenback.US GDP revised sharply higher; Jobless Claims and Durable Goods beat forecasts.Attention now shifts to Friday’s Core PCE inflation report, which will provide crucial clues on the Fed’s next moveThe British Pound (GBP) loses ground against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3400 psychological mark as a wave of stronger-than-expected US economic data revives demand for the Greenback.At the time of writing, GBP/USD is trading near 1.3366, falling to levels last seen three weeks ago and down nearly 0.60% on the day.…
Check today’s US markets movements. Source link
Gold slips below $3,750 after stronger US data lifts the Greenback and yields.Q2 GDP revised higher to 3.8% annualized, Durable Goods Orders surge 2.9% in August.Recent Fed remarks highlight a cautious stance, balancing inflation and labor market risks.Gold (XAU/USD) steadies on Thursday after briefly slipping on stronger-than-expected US economic data, as geopolitical risks lend support. Bloomberg reports that European diplomats privately warned Moscow they are prepared to shoot down Russian jets. At the time of writing, XAU/USD is trading around $3,740, holding above session lows as the US Dollar (USD) and Treasury yields remain firm.Initial Jobless Claims came in at…
The US economy expanded at a robust pace in the second quarter.The US Dollar Index clings to strong daily gains above 98.00.The United States’ (US) Gross Domestic Product (GDP) expanded at an annual rate of 3.8% in the second quarter, the US Bureau of Economic Analysis’ (BEA) final estimate showed on Thursday. This reading came in above the previous estimate and the market expectation of 3.3%.”Real GDP was revised up 0.5 percentage point from the second estimate, primarily reflecting an upward revision to consumer spending,” the BEA explained in its press release.Market reactionThe US Dollar (USD) continues to outperform its…
US weekly jobless claims fall, but labor market softening Source link
Some profit-taking might’ve struck the likes of gold yesterday but things are quickly turning back around in trading today. The precious metal is up 0.6% to $3,657 now, with dip buyers coming back in a timely manner. However, the bounce today is being overshadowed by a jump in silver prices for the most part. That is up over 2% and breaking the $45 level for the first time since 2011.Silver (XAG/USD) monthly chartAs much as a lot of people are talking about gold, silver – and platinum for that matter – has outperformed gold in terms of gains so far…
olsword/iStock Editorial via Getty ImagesDelta Air Lines (NYSE:DAL) is replacing engine units on over 300 Airbus (OTCPK:EADSF) A320 aircraft to address toxic fumes leaking into the air supply, The Wall Street Journal reported. The engines, called auxiliary power units (APU), are used to generate electricity and pump Source link
What would wider recognition of Palestine mean for Palestinians and Israel? Source link