Forex Today: Sentiment gauges in Europe and the US economy in the spotlight
The US dollar faced some profit-taking and lost momentum in line with a slight pullback in US yields, as risk sentiment improved mildly.
US Dollar hits the brakes after furious rally
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, retreated on Thursday, giving up some of the gains accumulated during a solid week marked by a stellar performance.
Gold prices soared due to geopolitical tensions, declining US yields
Gold prices climbed late on Thursday as US Treasury yields dropped on demand for safe-haven assets.
USD/JPY corrects to near 152.00, more upside likely amid BoJ rate hike uncertainty
The USD/JPY pair falls to near 152.00 in Thursday’s North American session after refreshing a 12-week high near 153.20 on Wednesday.
Stock market today: Indexes trade mixed as traders look to break out of 3-day slump
Trades on Thursday were trying to reverse three days of declines for the S&P 500 and the Dow.A rise in tech stocks fueled the indexes higher after
Canadian Dollar trims weight again, taps new 11-week low
The Canadian Dollar (CAD) eased slightly on Thursday, trimming another tenth of a percent against the Greenback as global FX markets continue to turn their backs on the Loonie following the Bank of Canada’s (BoC) midweek rate trim.
Global shares edge higher, US yields fall as strong earnings allay election worries
NEW YORK :Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while U.S. Treasury yields and strong corporate results allayed worries over upcoming U.S. elections and interest rate cuts.Tesla soared nearly 22 per cent after CEO Elon Musk provided on Wednesday
Global shares flat, US yields fall as strong earnings allay election worries
NEW YORK :Global shares were flat in choppy trading on Thursday, while U.S. Treasury yields and strong corporate results allayed worries over upcoming U.S. elections and rate cuts.Tesla jumped 19 per cent after CEO Elon Musk provided on Wednesday a forecast for robust car sales growth next year that reassured
Australian Dollar sees some light as USD pulls back
The AUD/USD traded around 0.6625 during Thursday's session.
Global shares rise, US yields fall as strong earnings allay election worries
NEW YORK :Global shares rose on Thursday, on track to snap three straight sessions of losses, while U.S. yields as strong corporate results help to allay worries over upcoming elections and rate cuts.Tesla jumped 17 per cent after CEO Elon Musk on Wednesday provided a rosy forecast on car sales growth next ye
How major US stock indexes fared Thursday, 10/24/2024
Wall Street drifted to a mixed finish after Tesla surged and IBM slumped following their latest profit reports.
For investors, 'there are a number of reasons to be bullish,' JPMorgan strategist says
J.P. Morgan Asset Management's Jordan Jackson is forecasting markets will bounce back by the end of the year.
S&P 500 Gains and Losses Today: Tesla Stock Leads the Index Higher as Earnings Impress
The S&P 500 added 0.2% on Thursday, Oct. 24, 2024, following strong quarterly results from Tesla and a slew of other corporate earnings releases.
Stock market today: S&P 500 snaps 3-day losing streak as Tesla surges 22%
The S&P 500 closed higher on Thursday to end a three-day losing streak.The index was fueled by a surge in Tesla's stock, which closed 22% higher
USD slips as US Yields drift – Scotiabank
The US Dollar (USD) is trading broadly lower on the day. Stocks are trading mixed (mostly lower in Asia, firmer in Europe, with US equity futures mixed) while bonds are broadly higher across the major markets.
Tesla stock surges 18% after stellar earnings, one of its biggest gains in years
Tesla shares rallied as much as 18% on Thursday after the company reported strong earnings.The carmaker reported better-than-expected auto margins and
Honeywell stock closes 5.1% lower on Thursday
Honeywell (HON) closed at $209.10 on Thursday, 5.1% lower on the day.
Intel stock closes 1.6% higher on Thursday
Intel (INTC) closed at $22.34 on Thursday, 1.6% higher on the day.
Markets News, October 24: S&P 500, Nasdaq Rise as Tesla Surges; Dow Closes Lower for 4th Straight Day
The S&P 500 and Nasdaq Composite closed higher on Thursday as EV maker Tesla had its best day in a decade, while the Dow Jones Industrial Average extended its losing streak to four days.
Pound Sterling Price News and Forecast: GBP rebounds on moderate expansion in flash UK PMI
The Pound Sterling (GBP) bounces back to near 1.2970 against the US Dollar (USD) in European trading hours on Thursday after refreshing a two-month low near 1.2900 on Wednesday.
US Dollar afloat after US PMI are a touch stronger than expected
The US Dollar (USD) is unable to fight back against the profit taking that is taking place this Thursday. Despite upbeat US Purchase Managers (PMI) data, the Greenback is unable to pare back earlier losses. The picture though this Thursday is clearly
Stock Market Today: Stocks higher on Tesla boost; Treasury yields ease
U.S. equity futures moved higher in early Thursday trading, while Treasury yields paused their long monthly acceleration, as investors looked to snap a four-day losing streak on Wall Street.
EUR/USD finds cushion as US Dollar corrects, Eurozone PMI contracts again
EUR/USD adds some gains in the North American session on Thursday at the US Dollar’s (USD) expense.
AUD/USD recovers further from over two-month low, climbs above mid-0.6600s on softer USD
The AUD/USD pair builds on its steady intraday ascent through the first half of the European session on Thursday and recovers further from its lowest level since August 16, around the 0.6615-0.6610 region touched the previous day.
USD/CAD Price Forecast: Bulls have the upper hand despite corrective slide, 1.3800 holds the key
The USD/CAD pair attracts some sellers on Thursday and moves away from its highest level since early August, around the 1.3860-1.3865 region touched in reaction to the Bank of Canada's (BoC) oversized rate cut the previous day.
USD/CAD Price Forecast: Rally pauses near 1.3850 for a while
The USD/CAD pair corrects slightly to near 1.3820 in Thursday’s European session after posting a fresh 11-week high above 1.3850 on Wednesday.
EUR/USD recovers further from multi-month low, moves to 1.0800 ahead of flash PMIs
The EUR/USD pair gains some positive traction during the Asian session on Thursday and for now, seems to have snapped a three-day losing streak to its lowest level since early July, around the 1.0760 area touched the previous day.
NZD/USD moves above 0.6000 due to little change in US economic activity
NZD/USD gains ground as the US Dollar (USD) faced downward pressure following the release of the Federal Reserve’s (Fed) Beige Book on Wednesday.
Gold price maintains its bid tone above $2,730 level, bulls seem non-committed
Gold price (XAU/USD) witnessed an intraday turnaround on Wednesday and tumbled around $50 after hitting a fresh record high, around the $2,760 region.
Verizon stock ends Wednesday as best performer in Dow Jones index
Verizon (VZ) stock was the best performer in the Dow Jones Industrial Average (DJIA) on Wednesday.
Australian Dollar receives support from hawkish RBA, US PMI eyed
The Australian Dollar (AUD) edges higher against the US Dollar (USD) after the release of the domestic Purchasing Managers Index (PMI) on Thursday.
USD/CAD moves away from post-BoC swing high, slides to 1.3825 on softer USD
The USD/CAD pair edges lower during the Asian session on Thursday and moves away from its highest level since August 5, around the 1.3860-1.3865 zone touched the previous day.
Markets Mixed Again; DECK, SKX Beat After the Bell
The Dow was -0.33% lower on the day, while all other major indexes were higher.
GBP/USD skids into new ten-week low ahead of global PMI prints
GBP/USD shed another half of a percent on Wednesday, tipping into a fresh ten-week low and grinding down toward the 1.2900 handle.
US close: Stocks slump again as uncertainty weighs on sentiment
US stocks fell for the third day on Wednesday, dropping sharply as investors continued to take profits following recent highs, with shares of Tesla falling ahead of the carmaker's results due out after the closing bell.
Stock market today: World shares are mixed after Wall Street logs 3rd straight loss
World shares are mixed, with European markets gaining after Asian benchmarks mostly fell.
Australian Dollar plunges as demand veers back to the USD
The AUD/USD pair declined by 0.97% to 0.6620 in Wednesday's session, driven by intensified US Dollar buying and concerns over China's stimulus measures.
Tech sell-off drags stocks to worst day in 6 weeks
US stocks dropped on Wednesday, dragged by a continued rise in Treasury yields. Tech shares sold off, with the Nasdaq losing almost 2%.Bond yields
Canadian Dollar weakens further after outsized BoC rate cut
The Canadian Dollar (CAD) receded on Wednesday, backsliding another 0.2% against the US Dollar after the Bank of Canada (BoC) delivered a widely expected 50 bps rate cut.
Forex Today: Markets’ focus shifts to the release of flash PMIs
Further gains saw the Greenback retest the area of three-month tops, helped by a decent bounce in US yields across the curve, persistent uncertainty around the US election and markets’ view of a more cautious Fed easing.
Gold drop as US yields rise, markets await Retail Sales data
Gold price plunges from all-time high of $2,758 on Wednesday as US Treasury yields climbed, while the Greenback refreshes a two-month high, according to the US Dollar Index (DXY).
How major US stock indexes fared Wednesday, 10/23/2024
U.S. stocks closed lower as more steam came out of Wall Street’s huge, record-breaking rally.
Silver Price Forecast: XAG/USD corrects below $34.50 as US Yields surge
Silver price (XAG/USD) corrects sharply below $34.50 in Wednesday’s New York session after registering a fresh more than 12-year high slightly below $35.00 on Tuesday.
Stock market today: US stocks drop and bond yields climb as investors temper expectations for rate cuts
US stocks edged lower on Wednesday as investors continued to adjust their outlook for Fed rate cuts.Investors see a 69% chance the Fed will cut rates two
Stocks face increased uncertainty ahead of earnings
Stock prices continued consolidating on Tuesday, with the S&P 500 index closing 0.05% lower after rebounding from an intraday decline.
US Dollar adds more ground and shows no mercy
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose near a three-month high as traders flocked to the US Dollar on Wednesday.The rally was driven by persistent global economic divergence, a more hawkish Federal Reserve (Fed), and upbeat US growth projections by the International Monetary Fund (IMF).
USD/JPY extends uptrend on political uncertainty whilst USD benefits from economic outlook
USD/JPY is rising as pre-election concerns the ruling LDP party could lose weakens the Yen.
last updated on 25 Oct 01:22