September 2023 – Page 2 – Finance Markets News

Costco tops quarterly earnings expectations, even as sales remain soft

In this article COST Follow your favorite stocksCREATE FREE ACCOUNT Exterior view of a Costco store on August 18, 2020 in Teterboro, New Jersey. Kena Betancur | Corbis News | Getty Images Costco on Tuesday reported quarterly earnings that topped Wall Street’s expectations, as shoppers turned to the membership club for groceries but bought fewer […]

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Australian Dollar maintains levels above 0.6350 despite disappointing Retail Sales

Share: Australian Dollar holds ground above 0.6350 after soft Retail Sales data. Australia’s Retail Sales reported a 0.2% print, lower than the expected 0.3%. US Dollar continues to strengthen on higher US Treasury yields, coupled with upbeat economic data. The Australian Dollar (AUD) hit a 10-month low on Wednesday. However, the AUD/USD pair holds ground

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USDCAD has a down, up and down week and is closing the week between MA levels

Technical Analysis

The USDCAD traded down and up and down and up and back down and up this week (see hourly chart below). The high price on Monday was retested on Thursday. The low on Tuesday saw the pair, move to and through the 100-day MA (lower blue overlay line on the chart below at 1.3398) but

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Market Outlook for the Week of 25 – 29 September

News

Following a bustling week with significant Central Bank decisions in the limelight, the upcoming week holds the potential for a quieter economic events calendar. The FX market may be influenced by month-end rebalancing. Highlights for Tuesday include Japan’s BoJ Core CPI y/y data and the release of CB Consumer Confidence, New Home Sales, and the

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Gold may decline as Friday’s US bonds relief rally likely to be tested

News

Spot gold closed with a weekly gain of 0.10% at $1,925 and was up 0.31% on Friday. The week ending September 22 was marked with crucial monetary policy decisions of three key central banks – Federal Reserve, Bank of England and Bank of Japan. The US Federal Reserve, in a widely expected move, skipped a

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Dollar’s Conundrum: Bullish Factors Met with Lackluster Gains

News

Despite a confluence of favorable conditions that are typically Dollar bullish — a decidedly hawkish Federal Reserve, plummeting stocks, and soaring yields — the greenback’s response was unexpectedly tepid last week. While it managed to gain ground against European majors and Yen, it faltered when squared against the robust commodity currencies. Dollar Index, a measure

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