- S&P Futures
4,248.75 +0.49% - Dow Futures
33,280.00 +0.53% - Nasdaq Futures
14,539.50 +0.46% - Russell 2000 Futures
1,785.60 +0.82% - Crude Oil
71.21 +1.58% - Gold
1,996.20 +0.04% - Silver
24.01 +0.10% - EUR/USD
1.0768 +0.02% - 10-Yr Bond
3.6080 0.00% - Vix
15.44 -1.34% - GBP/USD
1.2526 +0.01% - USD/JPY
138.9380 +0.10% - Bitcoin USD
27,093.33 +0.84% - CMC Crypto 200
605.26 +1.41% - FTSE 100
7,557.43 +0.90% - Nikkei 225
31,524.22 +1.21%
- Yahoo Finance UK
Trending tickers: Dechra | Wizz Air | Aviva | Lululemon
The latest investor updates on stocks that are trending on Friday.
- Reuters
Pound heads for biggest weekly gain in six months
Sterling headed for its biggest one-week rally against the dollar in six months on Friday, as U.S. interest rates looked increasingly likely to plateau sooner than UK rates. Britain has avoided recession, but the squeeze of the cost of living crisis on consumers and households is clear, given recent data on business activity, employment and lending.
- CoinDesk
Binance Australia Stops AUD Bank Transfers as Search for Payment Partner Drags On
Customers can still buy and sell crypto using credit and debit cards after the halt, which was announced last month.
- Reuters
INDIA RUPEE-Rupee reaches 2-wk high on weak dollar, eyes US jobs data
The rupee was at 82.3525 against the U.S. dollar by 11 a.m. IST, compared to 82.4050 on Thursday. The USD/INR pair falling below 82.50 is a sign of weakness in the uptrend and short-term traders will now be watching 82.30 levels, said Dilip Parmar, research analyst at HDFC Securities. Odds of a rate hike this month have come off on less hawkish remarks from two Fed policymakers and an article in The Wall Street Journal that said the U.S. central bank will pause.
- Investing.com
Dollar slips after debt ceiling bill progresses; payrolls due later
The U.S. dollar slipped lower in early European trade Friday, adding to the previous session’s sharp losses after the U.S. Congress approved the debt ceiling bill, while traders awaited the widely watched monthly payrolls release. The U.S. Senate late Thursday passed legislation lifting the government's $31.4 trillion debt ceiling, a day after the House of Representatives had done the same. The bill now heads to the White House for President Joe Biden to sign it into law, averting what would have been a first-ever default as the Treasury Department had warned it would be unable to pay all its bills on June 5 if Congress failed to act by then.
- Investopedia
Is the Pound Worth More Than the Dollar?
The price of one currency compared to another is not necessarily an indication of wealth, power, or strength.
- Reuters
Rising risk appetite lifts Canadian dollar to two-week high
The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Thursday along with gains for other commodity-linked currencies as investors cheered progress toward passing a U.S. debt ceiling bill. "That suggest it's a risk-on recovery, likely fueled by optimism on the debt deal passing the House of Representatives so quickly and now ready for the Senate approval," said Amo Sahota, director at Klarity FX in San Francisco. The U.S. House of Representatives passed a bill to suspend the U.S. debt ceiling on Wednesday evening.
- FX Empire
Traders Still Expect a Pause by the Fed This Month
The dollar has remained mostly steady pre-NFP as the majority consensus shifted back to a hold on 14 June.
- FX Empire
USD/JPY Forecast – US Dollar Continues to Find Support
The US dollar has pulled back just a bit during the trading session on Thursday but have found enough buyers underneath to push the market to the upside.
- FX Empire
GBP to USD Forecast – British Pound Continues to Show Strength
The British pound initially pulled back a bit during the trading session on Thursday but has found enough support near the 50-Day EMA to show signs of life. Ultimately, this is a market that still has a lot of noise ahead.
- FX Empire
GBP/JPY Forecast – British Pound Continues to Pressure the Upside Against the Japanese Yen
The British pound has initially pulled back just a bit during the trading session on Thursday, only to turn around and pressure the Japanese yen to the upside yet again.
- FX Empire
EUR/USD Forecast – Euro Finds Buyers on Dips Again
The euro continues to face a lot of downside pressure on Thursday as we try to figure out if the buyers are going to jump back in.
- FX Empire
AUDUSD Forecast – Australian Dollar Attempts to Recover
The Australian dollar has rallied during the trading session on Thursday, as it looks like we are trying to bounce back from a significant selloff. That being said, the market still has a long way to go before things change.
- Reuters
INDIA RUPEE-Indian rupee posts biggest single-day gain in two months on strong growth data
The Indian rupee saw its best single-day gain in two months on Thursday, and also rose to a two-week high during the session, following strong domestic growth data, which prompted traders to square off long dollar positions. Consistent flows into equities coupled with strong economic data is supporting the rupee, said Dilip Parmar, a research analyst at HDFC Securities. India's economic growth accelerated to 6.1% in the March quarter, higher than what economists had expected, confirming that the country remains one of the fastest growing emerging economies.
- Reuters
FOREX-Dollar rises as U.S. debt bill passes House, euro slides ahead of inflation
The dollar rose on Thursday after a vote of approval from the U.S. House to suspend the debt ceiling, though the greenback drifted from a two-month high as investors trimmed bets the Federal Reserve will raise interest rates this month. The euro fell ahead of euro zone inflation data due at 0900 GMT, which is expected to show price pressure in the block has eased. A divided U.S. House of Representatives on Wednesday passed a bill to suspend the $31.4 trillion debt ceiling, and the focus now turns to how it will fare in the Democratic-led Senate just days before the federal government is expected to run out of money to pay its bills.
- CoinDesk
Olive-Oil Producer Issues First Euro-Stablecoin-Denominated Bond on Obligate’s DeFi Platform
The debt sale was the first of its kind for the French sustainable agriculture business.
- Yahoo Finance UK
How long should you keep a property before selling?
How long you should stay living in a property if you want to maximise your return, according to the experts.
- Reuters
Indian rupee posts biggest single-day gain in two months on strong growth data
The Indian rupee saw its best single-day gain in two months on Thursday, and also rose to a two-week high during the session, following strong domestic growth data, which prompted traders to square off long dollar positions. Consistent flows into equities coupled with strong economic data is supporting the rupee, said Dilip Parmar, a research analyst at HDFC Securities. India's economic growth accelerated to 6.1% in the March quarter, higher than what economists had expected, confirming that the country remains one of the fastest growing emerging economies.
- Investing.com
Asia FX inches higher on bets of Fed pause, debt ceiling progress
Investing.com -- Most Asian currencies advanced on Thursday, while the dollar inched lower tracking comments from Federal Reserve officials touting a potential pause in the rate hike cycle in June.
- FX Empire
USD/JPY Forecast – US Dollar Finding Buyers Against the Yen
The US dollar initially fell during the trading session on Wednesday, as it looks like we are getting a little heavy. However, we have seen buyers come back again.
- FX Empire
GBP to USD Forecast – British Pound Pulls Back to Support
The British pound has initially tried to rally during the day on Wednesday but turned around to show signs of life at the 1.2350 level.
- FX Empire
GBP/JPY Forecast – British Pound Pulls Back Against Japanese Yen
The British pound has fallen rather hard against the Japanese yen during the Wednesday session.
- FX Empire
EUR/USD Forecast – Euro Is Testing the 200-Day EMA
The euro fell rather hard during the course of the trading session on Wednesday, as we are testing the 200-Day EMA.
- FX Empire
AUDUSD Forecast – Aussie Dollar Continues to Show Weakness
The Aussie dollar initially tried to rally during the trading session on Wednesday but gave back gains as we continue to see a lot of negativity out there.
- Reuters
Sterling firmest vs euro since December on signs European inflation cooling
Sterling hit a 5-1/2 month high against the euro on Wednesday after data showing lower inflation in major European markets, but fell against the dollar as investors eyed Bank of England rate expectations for the pound's direction. The euro dropped to as low as 86.27 pence, its weakest since Dec. 15, and was last trading down 0.2% at 86.32 pence after inflation data from France and several major German states came in under expectations. More broadly, investors were looking at expectations for the Bank of England's main interest rate for indications about where the pound trades from here.
