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Month: December 2020
Gold prices rose Rs 45 to Rs 48,273 per 10 gram in the national capital on Tuesday on a positive global trend, according to HDFC Securities. The yellow metal had closed at Rs 48,228 per 10 gram on Monday. Silver prices also gained Rs 407 to Rs 59,380 per kg, compared with Rs 58,973 per
Yen and Dollar are generally softer today as markets open December on firm footing. Australia Dollar is following as third weakest as diplomatic tension with China worsens. On the other hand, Euro is leading Swiss Franc higher. Manufacturing data from China and UK indicate sustainable recovery for now, while Eurozone PMIs were not too disastrous.
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Strong, pandemic-induced demand for housing is still there, but buyers may now be hitting an affordability wall. Pending home sales fell 1.1% month-to-month in October but were 20.2% higher compared with
USD/CAD trades within a 1.2940-1.2980ish intra-day range at present, having backed off Monday highs above 1.3000. Loonie traders shrugged off weak GDP data and continue to focus on OPEC+/crude oil market developments. USD/CAD is consolidating within a 1.2940-1.2980ish intra-day range at present, after a bout of Tuesday’s Asia session USD weakness brought the pair back
Major indices lower on the day. The US major indices close lower in last trading day of the month, but that did not subtract from the month’s solid performance: the Dow industrial average had its best monthly performance since January 1987 the S&P 500 and NASDAQ had their best months since April the S&P, NASDAQ, and Dow industrial
Japan third-quarter corporate data was out earlier, the results are here: Reuters have a recap of the data, and, as you’d expect, cite the impact of the pandemic: coronavirus hit private sector demand, keeping policymakers under pressure to deploy large stimulus to respond to the pandemic. To cope with the virus pain, ruling party lawmakers
Oil prices tumbled on Monday on uncertainty about whether OPEC+ would agree to extend large output cuts at talks this week, but vaccine hopes still kept benchmark crudes on track to rise more than a fifth in November. Brent crude for January delivery, a contract that expires on Monday, dropped 90 cents, or 1.9%, to
After some big moves in November, we believe the RBA will stay put at this week’s meeting. Given the good news about vaccine and the steady decline in the country’s coronavirus cases and, we do not feel surprise if the members turn more upbeat this month. Economic data released since the last meeting suggested continued
Erin Scott/Bloomberg via Getty Images The Department of Labor has been both miscounting the amount of people receiving unemployment benefits and underpaying those under a special program instituted to address the coronavirus pandemic, according to a government watchdog report Monday. Issues dealing with the surge in those filing claims for the new programs aimed at
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom Video Communications shares fell about 5% in extended trading on Monday after the company reported fiscal third-quarter earnings and quarterly guidance that exceeded analysts’ expectations. Investors seemed disappointed that the rate
Gold Price Analysis: XAU/USD braces for a bumpy road to recovery above $1775 – Confluence Detector Gold (XAU/USD) is making another recovery attempt from five-month lows of $1765 as the US dollar dips on improved market mood amid coronavirus vaccine and US stimulus hopes. US Treasury Secretary Steve Mnuchin’s push for utilizing $455 billion from
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