Japanese Prime Minister contender and Chief Cabinet Secretary Yoshimasa Hayashi said on Monday that the weak Japanese Yen, coupled with rising oil costs from the Ukraine war, has caused cost-push inflation. Key quotes BoJ is conducting monetary policy in way that does not deviate much from the government’s thinking.Japan’s past aversion to strong yen has diminished, […]
Costco Wholesale Corporation (COST) reported a robust financial performance for its fourth quarter of fiscal 2025 with net sales reaching $84.4 billion, an 8% increase from $78.2 billion last year. This growth was supported by strong comparable sales gains across multiple regions and a notable contribution from e-commerce channels. Comparable sales for the quarter rose 5.7%,
Duluth Holdings (DLTH) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This compares to a loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +160.00%. A quarter ago,
Silver price marked $40.85, the highest since September 2011, on Tuesday. US July Personal Consumption Expenditures Price Index pointed to sustained inflationary pressures, adding to uncertainty around potential Fed rate cuts. Silver receives support from safe-haven demand, driven by lingering uncertainty over the legality of Trump’s dismissal of Fed Governor Cook. Silver price (XAG/USD) trades
Australian Dollar steadies as the US Dollar remains subdued amid rising likelihood of Fed rate cuts. China’s Caixin Manufacturing Purchasing Managers’ Index climbed to 50.5 in August from 49.5 in July. San Francisco Fed President Mary Daly said that policymakers are preparing to lower interest rates soon. The Australian Dollar (AUD) maintains its position after
Australian Dollar declines despite stronger Monthly CPI data. Traders remain cautious after President Trump warned of a 200% tariff on Chinese goods. Trump has indicated that White House economist Stephen Miran could be considered for Fed Governor Lisa Cook’s seat. The Australian Dollar (AUD) struggles following the release of the Monthly Consumer Price Index (CPI)
USD/CHF trims intraday losses as Fed Governor Lisa Cook defied President Donald Trump. Fed Governor Cook said she would not step down and will continue fulfilling her duties. Stronger Swiss employment data and easing inflation fuel expectations of additional SNB rate cuts. USD/CHF extends its gains for the second successive session, trading around 0.8060 during
Gold price gains ground in Tuesday’s early European session. Concerns over Fed’s independence and potential US Fed rate cut support the Gold price. The US CB Consumer Confidence and Durable Goods Orders reports will be the highlights later on Tuesday. The Gold price (XAU/USD) rises to a two-week high near $3,385 during the early European trading hours on
The Australian Dollar maintains its position near the two-month low of 0.6414 recorded on Thursday. AUD/USD came under pressure as the US Dollar strengthened following upbeat S&P Global US PMI data. The CME FedWatch Tool indicates a 74% chance of a September rate cut, down from 82% on Wednesday. The Australian Dollar (AUD) steadies near
The S&P 500 rebounded from a local low yesterday – does this suggest more sideways trading ahead? Stocks pulled back on Wednesday, but they rebounded from intraday lows, with the S&P 500 index closing just 0.24% below Tuesday’s close. Today, it is expected to open 0.4% lower, according to futures contracts, and may trade sideways
EUR/USD remains subdued as traders adopt caution ahead of HCOB Purchasing Managers’ Index data. Eurozone HCOB PMIs forecast stand at 49.5 for Manufacturing and 50.6 for Services. The FOMC Meeting Minutes indicated that most members viewed keeping interest rates unchanged as the appropriate decision. EUR/USD edges lower after registering slight gains in the previous session,
The Indian Rupee drifts higher in Tuesday’s early European session. New tax measures rolled out by PM Modi’s government support the INR, but global uncertainty might cap its upside. Traders await the flash Indian HSBC PMI data on Thursday ahead of the Jackson Hole Economic Policy Symposium. The Indian Rupee (INR) gathers strength on Tuesday.
Here is what you need to know on Monday, August 11: The US Dollar (USD) trades modestly lower against its major rivals at the beginning of the week. On Tuesday, July Consumer Price Index (CPI) data from the US will be scrutinized by investors. In the meantime, markets will keep a close eye on fresh
GBP/USD Forecast: Pound Sterling tests key resistance, eyes on BoE GBP/USD holds its ground and trades above 1.3350 after posting strong gains on Wednesday. Investors stay on the sidelines while waiting for the Bank of England (BoE) to announce monetary policy decisions. The renewed selling pressure surrounding the US Dollar (USD) allowed GBP/USD to gather
EUR/JPY trades on a positive note near 172.40 in Wednesday’s Asian session. Japan’s Ishiba is reported to step down by the end of August, weighing on the Japanese Yen. The ECB is expected to hold rates at the July meeting on Thursday. The EUR/JPY cross pares losses to around 172.40 during the Asian trading hours
The Australian Dollar loses ground as the People’s Bank of China leaves its one-year LPR unchanged at 3.00%. The AUD also faces downward pressure due to ongoing trade tensions between the United States and China. The US Dollar maintains its position as robust economic data tempered Fed rate cut expectations. The Australian Dollar (AUD) loses
The Australian Dollar rises as the US Dollar struggles following dovish remarks from Fed officials. San Francisco Fed President Mary Daly said that expecting two rate cuts this year is a “reasonable” outlook. US Retail Sales rose by 0.6% MoM, while Retail Sales climbed 3.9% YoY in June. The Australian Dollar (AUD) advances on Friday,
