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Stock Market Today, Oct. 14: Bank of America Shares Fall 5% on Earnings Miss and Compliance Penalty
Adjusted EPS of $1.08 fell short of estimates, while a $1.2 billion anti-money-laundering penalty we...
GBP/JPY Price Forecast: Failed breakout puts 208.00 in focus
The GBP/JPY dives over 0.45% on Wednesday as market mood turns sour on red-hot US inflation data, wh...
USD/CAD Price Forecast: Consolidates in narrow range as strong confluence caps gains
The USD/CAD pair extends its sideways consolidative price move for the second straight day on Tuesday and holds steady near the 1.3800 mark through the first half of the European session.
Euro struggles against Canadian Dollar as oil prices rebound
EUR/CAD depreciates after four days of losses, trading around 1.6060 during the European hours on Tuesday. The currency cross loses ground as the commodity-linked Canadian Dollar (CAD) remains firm am ...
Indian Rupee: INR stabilizes on RBI stance – DBS
DBS Group Research economist Radhika Rao notes that the Indian Rupee has appreciated from near 97.00 to the mid-95.00 area on hopes of easing West Asia tensions, lower Oil prices, and central bank sup ...
Dow Jones futures gain despite market caution after US strike on Iran
Dow Jones futures advance 0.53% above 50,900 during European hours ahead of the US regular opening on Tuesday. Meanwhile, the S&P 500 rise 0.54% toward 7,550, and the Nasdaq 100 futures gain 0.73% abo ...
British Pound underperforms as UK gilt yields hit monthly low near 4.82%
The British Pound (GBP) trades lower against its major currency peers, is down 0.25% to near 1.3470 against the US Dollar (USD) during the European trading session on Tuesday.
WTI extends recovery from two-week low, approaches $92.00 on US-Iran and Hormuz risks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – regains some positive traction on Tuesday and recovers a part of the previous day's heavy losses to the $88.75-$88.70 region, or over ...
New Zealand Dollar: RBNZ hawkish stance may aid gains – MUFG
MUFG’s Derek Halpenny expects the Reserve Bank of New Zealand (RBNZ) to leave rates unchanged but deliver a hawkish message, with updated forecasts showing higher inflation and a higher projected Offi ...
Australian Dollar: Neutral versus US Dollar inside tight corridor – UOB
UOB’s Quek Ser Leang and Lee Sue Ann report that AUD/USD broke above a cited resistance but the move lacked follow-through, leaving the pair likely to consolidate. They have shifted to a neutral stanc ...
AUD/USD Price Forecast: Stays above 0.7150, tests nine-day EMA barrier
AUD/USD loses ground after registering over 0.5% gains in the previous day, trading around 0.7160 during the European hours on Tuesday.
Iran’s IRGC: Shots down an MQ-9 drone
Iran’s Islamic Revolutionary Guard Corps (IRGC) reported during the European trading session on Tuesday that it identified hostile aircrafts entering its airspace and intercepted an MQ-9 drone.
S&P 500: Eight-week winning streak extends – Deutsche Bank
Deutsche Bank strategists highlight that the S&P 500 has logged an eighth consecutive weekly gain, supported by falling Oil prices and easing stagflation fears. Futures are modestly higher after the l ...
New Zealand Dollar slides below mid-0.5800s vs USD amid Iran risks, ahead of RBNZ decision
The NZD/USD pair comes under renewed selling pressure on Tuesday and slide back below mid-0.5800s during the first half of the European session.