Investing.com — The upcoming U.S. election may prove a fork in the road for the dollar, with a Trump victory likely boosting the greenback initially, while a Harris win may trigger short-term weakness, but experts warn against betting that any immediate post-result move will likely continue into 2025. “It would be a mistake to assume…
By Chibuike Oguh and Alun John NEW YORK/LONDON (Reuters) -The U.S. dollar was flat against major currencies on Friday as markets digested a slew of economic data that supported the Federal Reserve’s current monetary policy path. A gauge of U.S. producer prices was unchanged in September, the Labor Department reported, the latest economic data to indicate…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Markets: Gold up $26 to $2655 US 10-year yields down 1 bps to 4.08% WTI crude down 30 cents to $75.56 NZD leads, JPY lags S&P 500 up 0.7%, touches fresh record Friday turned into a classic risk-on day but it’s not entirely clear why. Stock futures were negative and the US dollar was steady…
USDCHF Sellers Seek Bearish Extension USDCHF buyers encounter resistance during the accumulation phase, with the price consolidating below the 0.85580 level as they struggle to gain momentum. The pair saw a significant decline from the 0.84140 support, breaking away from a prolonged consolidation period. USDCHF Key Levels Resistance Levels: 0.85580, 0.86100 Support Levels: 0.84140, 0.83500…
Short Term Elliott Wave View in META suggests that rally from 7.25.2024 low is in progress as an impulsive structure. Up from 7.25.2024 low, wave (1) ended at 544.23. Wave (2) pullback ended at 495.51 as the 1 hour chart below shows. Up from there, the stock extended higher in wave ((3)) as an impulse….
The Dow Jones climbed into an all-time peak on Friday. US PPI figures showed September producer-level inflation stayed flat overall. Upbeat bank earnings helped to further bolster equities. The Dow Jones Industrial Average (DJIA) rose over 400 points bottom-to-top on Friday, bolstered into a fresh record high of 42,837 after US Producer Price Index (PPI)…
Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank’s interest rate decision is a key event, with a 25 bps cut highly anticipated. The week ahead features CPI releases from several countries, including China and New Zealand, while US earnings season gathers pace with major banks…
By Chris Kirkham LOS ANGELES (Reuters) -For a businessman who perpetually struggles with broken promises, Elon Musk gave himself quite a to-do list Thursday night at Tesla (NASDAQ:)’s long-awaited Hollywood unveiling of its driverless robotaxis. His slew of announcements during a 20-minute presentation were short on practical details and prompted investors to push Tesla stock…
When it comes to happiness, Finland consistently ranks at the top. For six consecutive years, it has claimed the title of the happiest country on earth. But what exactly makes Finland so happy? It’s not the weather, nor is it vast wealth. Instead, Finland’s happiness can be largely attributed to its strong sense of equality….