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South Korea Export Price Growth (YoY) up to 7% in November from previous 4.8%
South Korea Export Price Growth (YoY) up to 7% in November from previous 4.8%
Dow Jones Industrial Average climbs 680 points as rate cuts boost cyclicals, tech falters
The Dow Jones Industrial Average (DJIA) surged to a fresh record on Thursday as investors rotated out of pressured tech names and into stocks tied more closely to economic growth following the Federal Reserve’s (Fed) latest interest rate cut.
Argentina Consumer Price Index (MoM) rose from previous 2.3% to 2.5% in November
Argentina Consumer Price Index (MoM) rose from previous 2.3% to 2.5% in November
FX Today: Markets ignore Fed, keep selling the Greenback
The US Dollar (USD) attempted a recovery throughout the first half of Thursday, but resumed its decline following the release of worse-than-anticipated employment data. Initial Jobless Claims for the week ended December 6 unexpectedly rose to 236K, well above the previous 192K.
Gold soars above $4,270 as Fed cut ignites Bullion breakout
Gold (XAU/USD) skyrockets on Thursday after the Federal Reserve (Fed) cut rates as expected on Wednesday, and even though it hinted at a pause in the easing cycle, it was not an excuse for the rally in precious metals.
AUD/USD Price Forecast:Overbought signals emerge as pair tests yearly peak
The Australian Dollar (AUD) rebounds sharply against the US Dollar (USD) on Thursday, shrugging off earlier weakness triggered by softer-than-expected Australian employment data as selling pressure on the Greenback intensifies following weaker US Initial Jobless Claims.
United States 30-Year Bond Auction increased to 4.773% from previous 4.694%
United States 30-Year Bond Auction increased to 4.773% from previous 4.694%
NZD/USD rises for fifth consecutive day on USD weakness, RBNZ support
NZD/USD trades around 0.5820 on Thursday at the time of writing, up 0.10% on the day, consolidating above the key 0.5800 level reached the previous day, its highest point in more than two months.
The two levels of resistance coming up for Okta
Okta put in a strong performance today, closing more than 2% higher than Monday’s finish, and that move caught my attention immediately. From a technical analysis standpoint, the stock is pushing through a downsloping trendline that has been containing price for a while.
DBX cloud crash: Dropbox stock sinks below critical trendline—Can $26.13 hold the line?
Dropbox, Inc. ($DBX), the San Francisco-based tech giant known for its cloud collaboration and file management platform, suffered a notable loss on Wednesday, plunging 7.55% in a single session. This steep drop now places DBX down nearly 15% from its high on November 7th.
EUR/USD hits nine-week highs as soft US jobs data pressures US Dollar
The Euro (EUR) extends its advance against the US Dollar (USD) on Thursday as the Greenback slides to multi-week lows following the latest US Initial Jobless Claims release. At the time of writing, EUR/USD is trading around 1.1748, its highest level since October 3.
United States 4-Week Bill Auction dipped from previous 3.68% to 3.61%
United States 4-Week Bill Auction dipped from previous 3.68% to 3.61%
GBP/JPY eases as Yen strengthens on rising BoJ rate-hike expectations
The British Pound (GBP) trades on the backfoot against the Japanese Yen (JPY) on Thursday, as the Yen strengthens broadly on growing expectations of a Bank of Japan (BoJ) rate hike next week.
Pound Sterling Price News and Forecast: Climbs above 1.34 as Fed cut and soft US data weigh on DXY
Sterling rallies during the North American session, up over 0.68% after the Federal Reserve delivered as expected a 25-basis points rate cut and a softer than expected jobs report, weighed on the Dollar. At the time of writing, the GBP/USD trades at 1.3417 after bouncing off daily lows of 1.3354.
United States EIA Natural Gas Storage Change below expectations (-170B) in December 5: Actual (-177B)
United States EIA Natural Gas Storage Change below expectations (-170B) in December 5: Actual (-177B)
GBP/USD climbs above 1.34 as Fed cut and soft data weigh on US Dollar
The Pound Sterling (GBP) rallies during the North American session on Thursday, up over 0.68% after the Federal Reserve (Fed) delivered a 25-basis-point rate cut and a softer-than-expected jobs report, which weighed on the US Dollar (USD).
United States Wholesale Inventories came in at 0.5%, above forecasts (0.1%) in September
United States Wholesale Inventories came in at 0.5%, above forecasts (0.1%) in September
USD/JPY falls as US jobless claims rise, BoJ rate hike speculation grows
USD/JPY trades sharply lower on Thursday around 155.10 at the time of writing, down 0.50% on the day.
QE and ORCL fear
S&P 500 with Nasdaq surged on the FOMC rate cut (and easy money to the tune of $40bn in a month), breaking through 6,870… only to fail defending it overnight.
Gold steady as softer US Dollar limits downside
Gold (XAU/USD) regains ground on Thursday, giving back part of earlier losses as the US Dollar (USD) weakens broadly. At the time of writing, the metal is trading around $4,235, with investors reassessing the Federal Reserve’s (Fed) monetary policy outlook after the latest interest rate cut.
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