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Forex
GBP/USD softens to near 1.3050 on firmer US Dollar, dovish BoE
GBP/USD weakens to near 1.3060 in Monday’s early European session.
The US PPI inflation slowed further in September.
The dovish stance of the BoE…
USD/INR loses ground as traders brace for Indian WPI inflation data
The Indian Rupee gains groound in Monday’s early European session.
Elevated oil prices and sustained outflows from local stocks weigh on the INR; RBI…
Japanese Yen bulls remain on the defensive amid BoJ uncertainty, stronger USD
The Japanese Yen struggles to register any meaningful recovery against its American counterpart.
The USD stands tall near a two-month top amid bets for a…
Australian Dollar loses ground as traders expect Fed to slow pace of rate cuts
The Australian Dollar declines following the lower CPI data from its largest trading partner, China.
The Commonwealth Bank of Australia expects the RBA to…
USD/JPY holds above 149.00 on firmer US Dollar
USD/JPY trades on a stronger note near 149.20 in Monday’s Asian session.
The BoJ rate hike uncertainty continues to undermine the JPY, but geopolitical…
GBP/USD remains close to one-month low, seems vulnerable near mid-1.3000s
GBP/USD kicks off the new week on a weaker note amid sustained USD buying.
Expectations for more aggressive BoE policy easing further undermine the GBP.…
Elliott Wave analysis: SP500 and Nasdaq 100 rally amid bullish momentum [Video]
SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet…
China’s CPI inflation eases to 0.4% YoY in September vs. 0.6% expected
China’s Consumer Price Index (CPI) rose at an annual pace of 0.4% in September after reporting a 0.6% growth in August. The market consensus was for a 0.6%…
PPI adds this spin to equities
S&P 500 retreated in the pre-PPI uncertainty, offered a great swing entry point in the initial flush to 5,825 support, and then the UoM consumer data lent…
Amgen stock closes 2.29% higher on Friday
Amgen (AMGN) closed at $328.35 on Friday, 2.29% higher on the day.
Amgen's stock price has increased 14.00% so far this year, more than the 12.69% advance…