Pound Euro Subdued as UK Borrowing and Russia Fears Hit Both Currencies
GBP/EUR Wavers on UK Public Finance Fears and Russia Worries The Pound Euro (GBP/EUR) exchange rate wavered on Thursday as UK borrowing worries and Russia-Ukraine tensions pressured both currencies. At the time of writing, GBP/EUR traded at €1.2011, having wavered in a narrow range.
Fri, 22 Nov 2024 07:00:00 -0500
Oil News: Market Looks to $70.15 for Direction as Crude Oil Futures Slide
Oil prices edge lower with $70.15 as a key pivot for traders. Rising Chinese imports offset supply concerns, keeping this week's gains near 5%.
Fri, 22 Nov 2024 06:58:39 -0500
Concerns about supply disruptions cause oil prices to rise – Commerzbank
Oil prices have risen noticeably over the past few days. Brent climbed to $74.8 per barrel in the morning, gaining almost 5% since the beginning of the week, Commerzbank's commodity analyst Carsten Fritsch notes.
Fri, 22 Nov 2024 06:56:30 -0500
India's forex reserves see sharpest weekly drop on record, hit over four-month low
India's foreign exchange reserves logged their sharpest weekly fall on record to a more-than-four-month low last week, as the dollar strengthened following the U.S. election verdict, and the central bank sold from its reserves to limit the rupee's decline.
Fri, 22 Nov 2024 06:55:01 -0500
Asia Mixed, Europe Mostly In Red; Dollar Hits 13-Month High - Global Markets Today While US Slept
Asia Markets Today Eurozone at 06:00 AM ET Commodities at 06:00 AM ET U.S. Futures at 06:00 AM ET Dow futures declined 0.17%, S&P 500 futures were down 0.28% and Nasdaq 100 futures fell 0.40%. Forex at 06:00 AM ET The U.S. dollar index gained 0.33% to 107.32, the USD/JPY was down 0.08% to 154.39, and the USD/AUD rose 0.17% to 1.5387.
Fri, 22 Nov 2024 06:48:36 -0500
Asia Mixed, Europe Mostly In Red; Dollar Hits 13-Month High - Global Markets Today While US Slept
On Thursday, November 21, U.S. markets closed higher, with the Dow climbing 461 points, the S&P 500 adding 32 points, and the Nasdaq edging up by 6 points. Salesforce led the Dow with solid gains, while Nvidia advanced on strong earnings despite tempered growth projections.
Fri, 22 Nov 2024 06:48:27 -0500
JPY: The price of rice – Commerzbank
The statistics on Japanese inflation have a peculiarity. In most countries, the categories of food and energy are excluded when calculating core inflation.
Fri, 22 Nov 2024 06:46:15 -0500
Russia deputy prime minister says oil market is balanced thanks to OPEC+
Novak had graduated from being Russia's energy minister to deputy prime minister but he is still very much involved with OPEC+ matters. In the meeting today, he basically just reaffirmed the partnership between Russia and OPEC.
Fri, 22 Nov 2024 06:35:56 -0500
India FX Reserves, USD: $657.89B (November 11) vs previous $675.65B
India FX Reserves, USD: $657.89B (November 11) vs previous $675.65B
Fri, 22 Nov 2024 06:30:38 -0500
Euro and Sterling are Trying to Stabilize after Sharp Drop on Back of Disappointing Flash PMI
Overview: Weak preliminary PMI readings in Europe, Japan, and Australia, underscore the apparent divergence with the US, sending the dollar broadly higher. The euro is currently recovering from the sell-off that took it to $1.0335 and sent sterling below $1.25.
Fri, 22 Nov 2024 06:10:00 -0500
US Dollar prints two-year high as Eurozone PMIs trigger recession fears
US Dollar prints two-year high as Eurozone PMIs trigger recession fears
Fri, 22 Nov 2024 05:53:48 -0500
Cipla Indian Elliott Wave technical analysis [Video]
Function: Counter Trend (Minor Degree Grey).
Fri, 22 Nov 2024 05:42:49 -0500
British Retail Sales Decline, Pound Extends Losses
The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day.
Fri, 22 Nov 2024 05:38:47 -0500
Rupee closes stronger, RBI intervention blunts impact of surging dollar
Analysts reckon that the President-elect's policies could reignite inflation in the U.S. and temper future rate cuts by the Federal Reserve
Fri, 22 Nov 2024 05:23:58 -0500
DXY: Prelim PMIs on tap today – OCBC
The US Dollar (USD) remains better bid overnight. DXY was last above 107, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fri, 22 Nov 2024 05:15:32 -0500
Rupee closes stronger, RBI intervention blunts impact of surging dollar
The Indian rupee weakened to its lowest level on record on Friday before ending higher as the central bank's intervention supported the currency in the face of the U.S. dollar jumping to a two-year high.
Fri, 22 Nov 2024 05:13:56 -0500
Sterling Faces Challenges After Mostly Weaker Data
Preliminary GDP for the third quarter of 0.1% was notably disappointing.
Fri, 22 Nov 2024 05:08:26 -0500
USD: Moderately hawkish remarks from Williams – ING
Yesterday's US Dollar (USD) rally led to a break below the key psychological 1.05 EUR/USD support and an exploration above 107.0 in DXY. There's no one single driver of the USD move, as that was probably a combination of multiple factors, ING's FX analyst Francesco Pesole notes.
Fri, 22 Nov 2024 04:59:53 -0500
UK PMI composite fall to 49.9, slips into contraction as post-budget sentiment worsens
UK economic activity weakened in November, with the Composite PMI falling from 51.8 to 49.9, its first contraction in 13 months. Manufacturing PMI declined to a 9-month low of 48.6, down from 49.9, while Services PMI hit a 13-month low at 50.0, down from 52.0.
Fri, 22 Nov 2024 04:44:26 -0500
UK S&P Global/CIPS Composite PMI declines to 49.9 in November vs. 51.8 expected
Business activity in the UK private sector contracted in early November, with the preliminary S&P Global/CIPS Composite Purchasing Managers Index (PMI) falling to 49.9 from 51.8 in October. This reading came in below the market expectation of 51.8.
Fri, 22 Nov 2024 04:38:08 -0500