Guar gum prices on Friday fell Rs 151 to Rs 6,144 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for December delivery fell by Rs 151, or 2.4 per cent, to Rs 6,144 per five
Month: December 2020
Trading in the financial markets are rather subdued today, pretty much in pre-holiday mood. Dollar is still in recovery mode but upside momentum has been very weak. The greenback is set to end as the worst performing one, followed by Canadian and then Swiss Franc. On the other hand, Sterling is also paring some gains,
The Fed may see a brighter long-term outlook when it releases its economic forecasts Wednesday due to vaccine developments, but it also has the opportunity to disappoint at least some investors who are expecting immediate changes in its bond buying program. The market has been divided about whether the Fed would extend the duration of
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in North America, and strong demand
US equities spent most of US trading hours on the back foot, only to rally sharply into the close. Quad witching and Tesla’s inclusion in the S&P 500 index next Monday distorted trade. US equities seemingly did not trade as a function of the usual themes that have been driving the price action as of
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Dollar buying helps to push the USDCHF back toward it’s 200 hour MA The USDCHF is bouncing to new session highs as flows head more into the US dollar as stocks move lower from earlier gains. The moved to the upside has the USDCHF testing its 200 hour moving average currently at 0.88679. The high price just reached 0.88674 – just
With Bitcoin (BTC) largely in the spotlight after hitting a new all-time high of nearly $24,000, other projects are starting to ride BTC’s coattails as well. One of the latest standouts is Elrond (EGLD), which is up 20% over the past 24 hours and nearing its all-time high. The current highs above $27 is an
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Gold prices rose marginally by Rs 21 to Rs 49,644 per 10 gram in the national capital on Friday, reflecting overnight gains in the international market, according to HDFC Securities. The precious metal had closed at Rs 49,623 per 10 gram in the previous trade. Silver prices, on the other hand, declined Rs 259 to
Dollar recovers broadly today as markets turn into consolidative mode. The greenback pars back some of f the previous selloffs. but remains the worst performing one for the week. Canadian Dollar and Swiss Franc follow as the next weakest. On the other hand, Sterling and Aussie turn a bit softer, but remain the best weekly
A house under construction is seen in Culver City, a neighborhood of Los Angeles on November 21, 2020. Chris Delmas | AFP | Getty Images After three straight months of record highs, homebuilder confidence in the single-family housing market pulled back in December. Builders say they are concerned that buyers are starting to experience sticker
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly revenue that fell short of analysts’ expectations as another wave of pandemic-related dining restrictions weighed on its same-store sales. Shares of the Olive Garden parent rose less than 1% in premarket trading.
NZD/USD is staging a correction following Thursday’s upsurge. US Dollar Index recovers toward 90.00 during European session. Business confidence in New Zealand improved sharply in December. The NZD/USD pair climbed to its highest level since May 2018 at 0.7172 on Thursday but reversed its direction on the last day of the week. As of writing,
S&P post 31st record close of the year US major indices all closed higher. Some of the highlights for the day include: S&P, NASDAQ, Russell 2000 close at record highs NASDAQ on track for the best year since 2009 Russell 2000 on pace for the 7th straight weekly gain S&P higher for the 3rd straight
DeFi lending protocol Warp Finance has reportedly suffered a flash loan attack resulting in the loss of as much as $8 million in digital assets. Reports are coming in that an attacker has made off with between $1 million, to as much as $8 million according to DeFi Prime. The losses follow a series of
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