Market Update

The US Dollar witnessed heavy trading against its rival currencies on Thursday, and the DXY index reached monthly highs in the wake of the country’s unexpectedly strong GDP and durable goods data as well as the weekly initial jobless claims report.The USD was kept from rising higher by declining US …

From a daily low of 0.9456, the EUR/CHF pair rises 0.17% to trade at 0.9491. The 50-DMA at 0.9585 and the high of 0.9533 on October 17th, respectively, represent resistance points.Support is located at 0.9450, with additional floors at the lows of 0.9417 and 0.9403 from October 20 and September …

Hertz, a rental company that began using Tesla automobiles in 2021, faced difficulties as a result of the electric automaker’s price reductions during the third quarter. Hertz’s Q3 earnings report was hampered by price fluctuations because profit projections were not met.As it learns to control expenses, Hertz will reduce the …

Global stock markets saw a decline on Thursday as US Treasury yields remained close to 5%, the country’s economy grew faster than anticipated, and corporate earnings were mixed.According to data, the third quarter saw the fastest rate of growth in the US economy in almost two years. This was despite …

As markets approach the release time on Friday, October 27 at 12:30 GMT, the US Bureau of Economic Analysis (BEA) will release the Core Personal Consumption Expenditure (PCE), the Fed’s preferred inflation gauge. Below are the forecasts from economists and researchers at six major banks.Expected headline is 3.4% year over …

At 150.77, the USD/JPY pair reached a new high that was not seen since late October 2022. Both the US Q3 GDP preliminary estimates and September’s orders for durable goods exceeded forecasts.The USD/JPY kept moving higher during Thursday’s session, peaking at 150.77 before levelling off at 150.35. In contrast to …

The dollar rose on Thursday near its highest levels in two weeks as US Treasury yields rose and investors’ appetite for riskier currencies declined. The yen’s exchange rate exceeded the level of 150 against the dollar, creating a state of concern among traders about the possibility of government intervention to …

Japan’s Nikkei closed at the close, recording its worst daily performance in three weeks on Thursday, with chip-related stocks leading a broad selling wave amid rising long-term yields and US technology stocks falling overnight. The Nikkei fell 2.14 percent to close at 30,601.78 points, near the lowest level recorded during …

European stocks fell on Thursday due to rising US Treasury yields and a series of weak earnings reports, before the European Central Bank announced its monetary policy decision later on Thursday. By 0707 GMT, the European STOXX 600 index fell 1.1 percent following Wall Street’s decline on Wednesday, with long-term …

Boeing, the aerospace company, reported losses in the third quarter of this year, as revealed in Wednesday’s earnings reports. Additionally, the company adjusted its expectations, indicating a lower delivery of 737 MAX aircraft than previously anticipated. The adjusted losses for the American giant company were $3.26 per share, which was …