As we head into the upcoming week, investors will be closely monitoring several key economic indicators that could have an impact on currency markets. One of the major points of interest will be the release of Australian retail sales data, which is scheduled for Wednesday. This report is expected to provide insights into consumer spending
Profit
Wall Street experienced a surge on Friday as Federal Reserve Chair Jerome Powell signaled an imminent reduction in interest rates. The benchmark S&P 500 index was on the brink of hitting a record high following Powell’s remarks at the annual economic conference in Jackson Hole. This announcement prompted a positive reaction in the market, with
Gold prices have once again reached $2500/oz amidst a retracement that occurred during the US session on Thursday. The surge in prices can be attributed to various factors, including a stronger US Dollar, rising US Yields, and potential profit-taking in anticipation of Fed Chair Powell’s speech at the Jackson Hole Symposium. Market participants have been
After analyzing the current price action of XAUUSD, it is clear that a bearish scenario may unfold if the price falls below 2470. Traders are advised to consider selling positions with take profit levels set at 2463, 2460, and 2456. It is crucial to set a stop loss above 2473 or, at the very least,
Moody’s has issued a warning that the ongoing regulatory investigations into wealth managers’ cash sweep programs could potentially lead to credit rating downgrades, which in turn could increase costs for these firms. This comes at a time when concerns about the economy are rising, with worries of a looming downturn due to tight monetary policies.
The AUD/USD pair has been consolidating gains near the 0.6620 zone, showing signs of potential downside correction from the 0.6640 level. The technical analysis indicates that there is a key bullish trend line forming with support at 0.6610 on the hourly chart of AUD/USD at FXOpen. The pair started a fresh increase from the 0.6500
The Commonwealth Bank of Australia recently reported a smaller-than-expected drop in its annual cash profit. This news came as a surprise to many analysts who were predicting a larger decrease. Despite the dip in margins and rise in overdue home loan payments, the bank managed to achieve a cash profit of A$9.84 billion, exceeding the
The dollar seemed to be in a state of limbo on Tuesday, leaving investors on edge as they eagerly awaited the release of U.S. economic data. The greenback was seen idling at 147.17 yen, after briefly reaching a one-week high of 148.23 yen. There was a sense of uncertainty as profit-taking emerged, causing the dollar
Italy’s banking sector is primed for a transformation, with analysts predicting a wave of mergers and acquisitions in the near future. Following the sovereign debt crisis and the government’s intervention to rescue Banca Monte dei Paschi (BMPS), there is renewed interest in the sector. Antonio Reale, co-head of European banks at Bank of America, believes
In the world of financial markets, volatility is both a friend and a foe. The recent surge of volatility that has blindsided traders is a stark reminder of the inherent risks involved in trades that thrive in a low volatility environment. The illusion of stability in these trades tends to unravel quickly when volatility spikes,
In the midst of market volatility, investors may find themselves seeking stable investment options to navigate uncertain times. Joanna Gallegos, CEO of BondBloxx, emphasizes the significance of incorporating bonds into one’s investment strategy. Gallegos suggests that prioritizing income and high-yield bonds can provide a cushion against market fluctuations. By diversifying into fixed income, investors can
The cryptocurrency market experienced a 0.75% loss in the past 24 hours, bringing the total market capitalization to $2.29 trillion. This decline comes after a period of optimism in equities, with synchronized selling dominating the market sentiment. The current sentiment index rests at 57, indicating greed among investors. This shift from fear to greed could
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 9
- Next Page »