Gold price attracts buyers for the fourth consecutive day and climbs to over a one-week high. Geopolitical risks stemming from the Russia-Ukraine conflict benefit the safe-haven XAU/USD. Elevated US bond yields underpin the US Dollar and might cap the non-yielding yellow metal. Gold price (XAU/USD) prolongs its weekly uptrend for the fourth straight day and
Yen fell broadly during Asian session today, reversing all of this week’s earlier gains. Market sentiment has calmed somewhat despite the escalation in Russia’s war in Ukraine, as there is no clear intensification toward a nuclear conflict. US Treasury yields have stabilized after yesterday’s decline, and Gold’s rebound has also stalled. Attention now turns to
The USDJPY, GBPUSD and the USDCHF have each seen up and down action today. For the USDJPY and GBPUSD, the price action traded above and below the 100 hour MA. Both also used that MA as either support (for the USDJPY) or resistance (for the GBPUSD). That helps to increase the MAs importance going forward
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold December futures contracts at MCX opened flat today at Rs 75,537 per 10 grams, down by 0.07% or Rs 50, while silver December futures contracts were trading at Rs 89,752/kg, down by almost 1% or Rs 868. Gold prices have risen by Rs 2,300/10 grams in the last week, while silver prices surged by
In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. To honor the occasion, Snowflake the Bear, joined by Chris Taylor, vice president of NYSE Listings and Services, rings the opening bell. NYSE Snowflake shares on
GBP/NZD channels down during November and reaches support at the 50-day SMA. This could be a turning point for the pair and lead to a breakout and continuation of the trend higher. GBP/NZD has been correcting back in a mini channel during November after peaking at the October 30 high. It has now reached support
Sterling posted modest gains today after the UK reported stronger-than-expected rebound in headline inflation for October. More importantly, both core CPI and services price growth also increased, indicating that underlying inflation is gaining momentum. This resurgence in inflation diminishes the likelihood of BoE implementing another rate cut in December. Market expectations have adjusted accordingly, with
Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need stronger
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Written by , ETMarkets.com| Nov 20, 2024, 03:33:11 PM IST 1/7 Market Summary The Indian market pared gains in the last hour of trading to close flat on Tuesday. The S&P BSE Sensex rose by more than 200 points, while the Nifty50 closed above the 23,500 level. ET Online 2/7 Sectoral Summary Sectorally, buying was seen
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT LOS ANGELES, CALIFORNIA – AUGUST 20: The exterior sign of a Lowe’s home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming inflation. (Photo by
United Kingdom’s Office for National Statistics is set to publish the CPI report on Wednesday. The annual UK headline CPI inflation is expected to rise in October, with the core figure easing slightly. The UK CPI data could signal a BoE December interest-rate cut pause, fuelling a Pound Sterling sell-off. The United Kingdom’s (UK) Consumer
The European session saw a significant shift toward risk aversion as geopolitical tensions escalated on the 1,000th day of Russia’s war in Ukraine. Investors sought refuge in major US and European treasuries, leading to a notable decline in yields. Safe-haven assets such as Gold, Swiss Franc, and Japanese Yen jumped. But the overall market response
The AUDUSD moved lower earlier in the day and that move to the downside tested a swing area between 0.6471 and 0.6479. The low price for the day reached 0.6481 before bouncing back to the upside. The move to the upside did extend back above a swing area going back to mid July between 0.6505
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Written by , ETMarkets.com| Nov 19, 2024, 06:53:30 PM IST 1/9 High Rally On Tuesday, the Sensex, the benchmark index, rose by 239 points, closing at 77,578. As part of the broader market rally, eight stocks from the BSE500 index hit their 52-week highs. A 52-week high represents the highest price a stock has reached in
Wall Street analysts are showing two cybersecurity stocks some love ahead of their quarterly results. The news Evercore ISI this week raised its price target on Palo Alto Networks to $455 from $395, implying a nearly 18% upside from Monday’s close. The analysts said that recent channel commentary not only “sounded notably more positive” ahead
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