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EUR/USD rallies over 0.80% on Monday as the Greenback treads water following breaking news that Chinese authorities recommended financial institutions to trim their positions on US Treasuries, due to sharp volatility swings in the fixed income markets. At the time of writing, the pair trades at 1.1916 after bouncing off daily lows of 1.1808.Euro jumps as reports of reduced Chinese Treasury exposure and improved risk appetite pressure the GreenbackRisk appetite improvement and the Japanese Prime Minister Takaichi’s landslide victory in Japan, pushed the American currency to a new six day low, as depicted by the US Dollar Index (DXY).Initially, the…
Hims & Hers stock tumbled in early action on Monday after the U.S. company quickly reversed plans to introduce its own version of Novo Nordisk’s Wegovy oral weight-loss drug.
West Texas Intermediate (WTI) US Crude Oil prices kick off the new week on a weaker note as signs of progress in the US-Iran talks diminish the odds of a military confrontation and the risk of supply disruption. The black liquid, however, bounces off the Asian session low and currently trades around the $63.00 mark, down over 0.50% for the day.Despite differences over the agenda, indirect talks between the US and Iran on the future of the latter’s nuclear program ended on Friday with a broad agreement to maintain a diplomatic path. Iran’s foreign minister, Abbas Araghchi, described the eight…
“He charged $180 for the second visit for his time, including $40 for the part.”
The Euro found some respite on Friday versus its counterpart the Greenback, which enjoyed a short-live rally of just two days, but erased Thursday’s gains on Friday as depicted by the US Dollar Index (DXY). A risk-on impulse weighed on the Dollar’s safe-haven appeal, while an uneventful ECB monetary policy decision on Thursday, left traders leaning onto market mood. The EUR/USD trades at 1.1817, up 0.34%.Euro trims losses near 1.1820 as fading Dollar strength and steady ECB messaging steady the pairThe shared currency is poised to end the week with losses, but its seems the EUR/USD is poised to consolidate…
Investors who want to buy bonds have an embarrassment of options.
Highlights include US NFP and CPI, Japanese Election, UK GDP and China Inflation SUN: Japanese Average Cash Earnings, Japanese Snap Election UK GDP MON: Swiss Consumer Confidence (Jan), Mexican Inflation (Jan), US Consumer Inflation Expectations (Jan), Australian Household Spending (Dec) TUE: EIA STEO; Norwegian prelim. CPI (Jan), US NFIB (Jan), Weekly ADP, ECI (Q4), Export/Import Prices (Dec) WED: BoC Minutes (Jan), OPEC MOMR; ECB Wage Tracker (post-meeting); Chinese Inflation (Jan), Norwegian GDP (Q4), US NFP (Jan) THU: IEA OMR, EU Informal Leaders Retreat; Japanese PPI (Jan), UK GDP Prelim. (Q4), GDP (Dec), US Weekly/Continuing Claims; Existing Home Sales (Jan),…
”I like her as a friend, but I’m underwhelmed as a client.”
Gold price (XAU/USD) rallies more than 3% on Friday, poised for a decent weekly gain as dip buyers emerged, following a session that pushed the yellow metal below the $4,800 mark. Worth noting that Friday has been a volatile session, with the non-yielding metal falling to a three-day low of $4,655 before erasing those previous losses. At the time of writing, XAU/USD trades at $4,963.XAU/USD stages a sharp rebound toward $4,950 as soft US labor data revives Fed easing betsThe non-yielding metal is enjoying a healthy recovery from Thursday. Greenback’s initial weakness on Friday reflected worse-than-expected US labor market data…
“‘What’s the point of paying thousands of dollars?”