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Powell had that sort of opportunity this week and he chose not to. Instead, he pointed to the upcoming data i.e. jobs report tomorrow and inflation numbers next week, and left markets hanging. The price has broken through the resistance zone and is heading towards the main resistance. Price is updating its swing highs at resistance and it formed a triangle pattern . The NZDUSD pair is currently trading at a very important support level of 0.6100, which has been a key level for the pair in the past.

In case of US Dollar to other currencies, values are quoted on basis of USD as base currency whereas in Indian Rupee to other currencies, values are quoted on basis of INR as quote currency. While reporting financial results for the fourth quarter on Thursday, biopharmaceutical company ANI Pharmaceuticals, Inc. initiates adjusted earnings and net revenue guidance for the full-year 2023. The headline reading for new buyer enquiries advanced to -29 percent in February from -45 percent in January. Clean energy technology company FuelCell Energy, Inc. on Thursday reported a first-quarter net loss attributable to common stockholders of $19.42 million or $0.05 per share, narrower than $41.42 million or $0.11 per share in the prior-year quarter.

forex live news

For some context, this sort of indecisive pricing hasn’t been a common occurrence ahead of the Fed’s decision since they began the tightening cycle. More often than not, if markets had some form of ambiguity, policymakers would be quick to clear it up. Spot gold remains above the 100 and 200-day MAs despite yesterday’s selloff. Broad, counter trend move after US initial jobless claims come in higher than anticipated – whetting the appetite of dollar bulls …

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If NFP comes again above expectations that will signal more… Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

An initial glance at RBA’s statement suggests they are nearing the end of the tightening cycle, and perhaps one step closer to publicly discussing a pause. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.

Canadian shares are likely to open lower on Thursday amid concerns about global economic outlook and possibility of more interest rate hikes by the Federal Reserve. By Ambar Warrick — Most Asian currencies moved in a flat-to-low range on Thursday, coming under pressure from softer-than-expected Chinese inflation data, while… Gold price extended its rebound and surpassed $1,825 in the second half of the day on Thursday. After the data from the US showed a large increase in weekly jobless claims, the benchmark 10-year US Treasury bond yield turned south, helping XAU/USD gain traction. In any case, as Adam already mentioned, expect markets to take Timiraos’ Fed preview as the final communication hurdle. This considering that policymakers will not be able to provide much further clarity before the 22 March decision.

With a rate decision from BoC and jobs reports from both US and Canada to come this week, the USD/CAD should face a testing week. By Herbert Lash and Joice Alves NEW YORK/LONDON – The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data… By Peter Nurse – The U.S. dollar weakened in early European trade Friday, on course for a weekly loss, amid uncertainty over the extent of the Federal Reserve’s… By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, on track for its largest weekly loss since… BEIJING – China’s foreign exchange regulator said on Monday that there is no change in China’s policy on cross-border remittance of funds, and it will continue to… By Fergal Smith TORONTO – As the Bank of Canada pauses its interest rate hikes, investors are betting that the sensitivity of Canada’s economy to higher borrowing costs…

  • These days, this option seems rather unlikely but it is hard to get a grip on the situation especially after Powell basically said “I’m leaving this up to the data”.
  • The headline reading for new buyer enquiries advanced to -29 percent in February from -45 percent in January.
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By Ambar Warrick — Most Asian currencies were muted on Friday amid growing concerns over the path of U.S. monetary policy, while the Chinese yuan was among the best… By Fergal Smith TORONTO -The Canadian dollar weakened on Wednesday to a near five-month low against its U.S. counterpart, as the Bank of Canada paused its tightening… By Peter Nurse – The U.S. dollar edged lower in early European trade Thursday, but remained elevated as Federal Reserve Chair Jerome Powell again pointed to further… Asana stock exploded 24% late Wednesday after founder and CEO Dustin Moskovitz said he will purchase as much as 30 million shares of the embattled project management platform during the company’s fourth quarter earnings call. The partnership allows ZuluTrade to better serve traders and investors.

ForexLive European FX news wrap: Markets mixed eyeing key events this week

By Peter Nurse – The U.S. dollar slipped lower in early European trade Tuesday ahead of a testimony by Federal Reserve Chair Jerome Powell before U.S. By Karen Brettell NEW YORK – The dollar hit a three-month month high against a basket of currencies on Tuesday after Federal Reserve Chair Jerome Powell said the U.S…. By Ambar Warrick — The U.S. dollar hit a three-month high against a basket of currencies on Wednesday, tracking a spike in Treasury yields after Federal Reserve…

By Winni Zhou and Brenda Goh SHANGHAI – Some Chinese companies are holding on to dollar revenues from exports, while others are turning to foreign exchange hedging in… By Peter Nurse – The U.S. dollar edged lower in early European trade Monday, with a testimony by Federal Reserve Chair Jerome Powell to U.S. By Karen Brettell NEW YORK – The greenback slipped against a basket of currencies on Monday as investors awaited testimony by Federal Reserve Chair Jerome Powell and… By Ambar Warrick — Most Asian currencies moved in a tight range on Tuesday as concerns over rising U.S.-China tensions weighed, while the dollar weakened amid some…

Market News

Retailer BJ’s Wholesale Club Holdings, Inc. announced Thursday that profit for the fourth quarter increased 20.7 percent from last year, driven by improved gross margins and 13.1 percent revenue growth. Adjusted earnings per share and quarterly revenues topped analysts’ estimates. The company also initiated earnings guidance for the full-year 2023, below estimates. The ECB had already planned a half-point rate convenience yield commodity trading strategy move in March, and these stronger readings are likely to bolster officials who say that more big moves are needed beyond that to get inflation under control. The Australian dollar is feeling the strain of housing-related headlines today, with mortgage arrears on the rise and dwelling approvals on the decline. If the RBA deliver another 25bp hike tomorrow, it will take their cash rate to a 10-year high of 3.6%.

With these features, the One Core Program aims to provide traders with a well-rounded education in forex trading, covering not just technical aspects but also trading psychology and market analysis. The U.S. dollar declined against its major counterparts in the early European session on Thursday, as investors digested Fed Chair Jerome Powell’s comments that policymakers had not made a decision on the scale and path of rate hikes in the future. A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended March 4th. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate.

Equities hold lower in European morning trade so far – ForexLive

Equities hold lower in European morning trade so far.

Posted: Thu, 09 Mar 2023 10:14:00 GMT [source]

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Forexlive Americas FX news wrap: US dollar higher as Treasury yields pop

Mexico’s mid-month CPI showed that inflation seems to be leveling off. Dollar was bouncing off earlier lows, supported by even more positive news – this time from the housing market. In this week’s report, we are getting technical on S&P, gold and GBP/USD. By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU – China’s reopening is set to boost emerging market currencies against the U.S. dollar over the next six months,… BEIJING – China’s yuan has become more flexible, helping stabilise the economy and the central bank will keep yuan exchange rates stable, the Governor of the People’s… By Uditha Jayasinghe COLOMBO – Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts to move towards a…

forex live news

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forex live news

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This is all just flow for show though, as the market movements with firmer convictions will only come after the US jobs report tomorrow. It was a session bereft of key headlines with there being no major economic releases in European morning trade. E-commerce company, Inc. reported Thursday a net income attributable to ordinary shareholders for the fourth quarter of RMB3.03 billion or $441 million, compared to a net loss of RMB5.17 billion in the year-ago quarter. Net income per ADS was RMB1.91 or $0.28, compared to a net loss per ADS of RMB3.33 last year. Market mostly traded in tight ranges ahead of Jerome Powell’s highly anticipated testimony to the House, which has the potential to be a volatile event.

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