The EUR/CHF pair fell 0.5% on Tuesday due to mixed results from the pan-EU Purchasing Managers’ Index (PMI) data print. Germany’s PMIs for October were mixed, with a minor uptick in the Manufacturing component failing to offset a steeper-than-expected decline in the Services side of the indicator. The German Services …

Dollar finds demand as focus shifts to GDP, PCE data The US Dollar has recovered from losses on Monday, with the DXY Index rising above 106.00. The S&P Manufacturing and Services PMI rose to expansion territory above 50.00 in October. US Treasury yields recover, allowing the USD to find demand. …

Microsoft beat analysts’ predictions for revenue and earnings per share when it released its quarterly earnings after the bell on Tuesday. The tech giant beat consensus estimates by reporting revenue of $56.5 billion for the quarter.Adjusted earnings per share (EPS) peaked at $2.99 as opposed to the expected $2.66. During …

Gold price struggles for a direction as investors seek fresh development on Israel-Hamas conflicts and crucial US economic data.The US Dollar and bond yields drop as investors await US Q3 GDP and the Fed’s preferred inflation gauge. The US Manufacturing PMI is expected to remain below the 50.0 threshold for …

The Canadian Dollar has slipped back into its lowest bids in almost three weeks against the US Dollar (USD) as broad-market flows reverse direction and pile back into the Greenback following a bumper reading for the US Purchasing Managers’ Index (PMI) that soundly thumped market expectations.The Bank of Canada is …

EUR/USD reverses course at 50-DMA, sliding below 1.0600 as US Treasury bond yields rise.US economy gains momentum with S&P Global Manufacturing PMI at 50 and Services PMI at 50.9.Eurozone business conditions continue to deteriorate, with Manufacturing, Services, and Composite PMIs in recessionary territory. EUR/USD reverses its course at the 50-day …

Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented on the interest rate expectations of the European Central Bank, which holds its monetary policy meeting next Thursday. Hashad also touched with analysis a number …

Crude oil prices declined on Monday. The WTI barrel dropped to its lowest level in a week, reaching $85.66.Gold pulled back despite the sharp slide in US yields; XAU/USD found support above $1,970. Meanwhile, Silver experienced losses and dropped below $23.00.Remarkable DevelopmentsThe Treasury market was the center of attention on …

China’s Finance Ministry said, on Tuesday, that the two sides had in-depth, candid and constructive discussions on the macroeconomic situation and policies of the two countries and the world,” following the conclusion of the first meeting between the China-US economic working group.Additional QuotesChina expressed its concern, both sides will maintain …

The 10-year Treasury yield has reached 5% for the first time since 2007, marking a significant shift in the global financial system. The increase in yields means that the US government must pay more to borrow money from investors to cover its spending, impacting people worldwide. The 10-year Treasury yield …