Month: March 2021

Gold stays depressed around intraday low, trims biggest gains since January. Receding strength of bearish MACD, sustained trading beyond 200-SMA favor buyers. Buyers need to stay cautious despite confirming the bullish chart pattern unless crossing $1,765. Gold remains pressured around $1,713, down 0.18% intraday, ahead of Wednesday’s European session. Although the bullion fades upside momentum
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New all-time high at 32150.32 the Dow industrial average is currently trading up around 340 points for 1.08% at 32144. The high price just reached 32150.32. That was enough to take out the high price from yesterday at 32148.04.  Other indices also sharply higher: the NASDAQ index is outperforming with a gain of 476 points or
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NEW DELHI: Gold in the national capital on Tuesday gained marginally by Rs 35 to Rs 43,996 per 10 gram amid gain in global precious metal prices, according to HDFC Securities. The precious metal had in the previous trade closed at Rs 43,961 per 10 gram. Silver also jumped Rs 553 to Rs 65,621 per
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A Dick’s Sporting Goods store Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday topped Wall Street’s estimates, as shoppers continued to buy equipment and apparel for outdoor activities and home workouts during the pandemic. Shares plummeted by nearly 9% in premarket trading, however, as the company forecast that sales trends will
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Is gold now replaying 2010-2012? The 2019-2021 gold chart is disturbingly similar to that of 2010-2012, but it does not have to be the harbinger of a bear market. Many ancient cultures saw history as cyclical. According to this view, society passes through repeated cycles. Can this apply to gold as well? I’m not referring
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Higher yields remain the catalyst The longs in the technology stocks continue to get hammered and the rotation into the cyclical continues as fears of interest rates have traders repricing the high flyers of 2020. The final numbers are showing: S&P index -20.72 points or -0.54% at 3821.23 NASDAQ index -310.98 points or -2.41% at 12609.16 Dow industrial average rose
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Dollar retreats mildly in Asian session today as overall market sentiments improved some what. Major Asian indices, except China, recovered notably, following DOW’s rally. But weakness in US tech is keeping upside capped. Selloff in Yen and Swiss Franc, and to a lesser extend Kiwi, is still the main theme, on resilience in global treasury
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Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to cyclical trades. “Inflationary pressures will develop very quickly,” the firm’s chief economist told CNBC’s “Trading
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USD/CAD markets heaviest losses in one week, fades bounce off intraday low. Bearish MACD, sustained break of three-day-old support line directs bears toward 200-HMA. Descending trend line from Friday adds to the upside barriers. USD/CAD remains depressed near 1.2650, down 0.21% intraday, after breaking an upward sloping trend line from the last Thursday during early
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