Asian stocks subdued, dollar drifts ahead of US Thanksgiving – Yahoo Finance
Written by Harry Robertson and Uncle Banerjee LONDON/SINGAPORE (Reuters) – European shares rose on Thursday after falling a day earlier, while Asian stocks fell as trading volume eased ahead of the U.S. Thanksgiving holiday. The continent-wide STOXX 600 index rose 0.48% after falling 0.75% in the previous two sessions. MSCI's broadest index of Asia-Pacific stocks […]
Gold Price Forecast: XAU/USD drifts lower below $2,700 on firmer US Dollar – FXStreet
Gold prices fell to around $2,680 in early Asian session on Monday. US dollar strength weakens the yellow metal. Uncertainty surrounding the global economy and geopolitical risks could increase capital flows into safe-haven assets, benefiting gold prices. Gold prices (XAU/USD) traded in negative territory around $2,680 in early Asian trading on Monday. The decline in […]
Gold Price Forecast: XAU/USD drifts lower to near $2,650, potential downside seems limited – FXStreet
Gold prices lost momentum to around $2,650 in early Asian time on Monday. Gold prices fell due to weak Chinese economic indicators. US PPI report and Middle East geopolitical risks could support the yellow metal. Gold prices (XAU/USD) inched down to $2,650, ending a two-day winning streak in early Asian trading on Monday. Weak Chinese […]
Japanese Yen drifts lower amid fading hopes for more BoJ rate hikes, ahead of FOMC minutes – FXStreet
The Japanese yen is attracting some sellers due to uncertainty surrounding the Bank of Japan's further interest rate hike. Hopes for a possible ceasefire between Hezbollah and Israel further undermine the safe-haven Japanese yen. There are concerns that the intervention will limit USD/JPY as demand for the dollar weakens ahead of the FOMC meeting. The […]
Dollar drifts near 7-week highs as traders consider US rates outlook By Reuters – Investing.com
Written by Uncle Banerjee SINGAPORE (Reuters) – The dollar fell 7.7 points against major currencies on Tuesday as rising tensions in the Middle East soured risk sentiment and investors pondered the outlook for U.S. interest rates after last week's strong jobs report. It hit a weekly high. Traders have drastically reversed their expectations for monetary […]
EUR/USD drifts higher above 1.0950 ahead of German Industrial Production – FXStreet
Early in Tuesday's European session, EUR/USD held steady around 1.0985. ECB policymakers continue to prepare for an accommodative policy stance. Traders have withdrawn their bets that the Fed will cut rates aggressively at its November meeting. EUR/USD extended its recovery to around 1.0985 in early European trading on Tuesday. Major currency pairs are rising while […]
USD/INR drifts lower on improved risk appetite, softer US Dollar – FXStreet
The Indian rupee rose in the early morning session of European markets on Wednesday. Improving risk appetite and a weaker US Dollar support the Indian Rupee (INR). Investors are awaiting U.S. August new home sales on Wednesday and Federal Reserve Chairman Kugler's speech. The Indian Rupee (INR) edged higher on Wednesday. Improved risk appetite following […]
Stock market today: Wall Street drifts around its all-time highs after Chinese stocks soar – Yahoo Finance
NEW YORK (AP) — U.S. stocks shook off a shaky start to the day to hit yet another record high on Wall Street. The S&P 500 rose 0.3% on Tuesday. The Dow Jones Industrial Average rose 0.2%, hitting a new record of its own. The Nasdaq Composite Index rose 0.6%. In the Treasury market, Treasury […]