India’s coal shortage crisis reflects the precipitous decline in coal inventory at power generation plants, with inventory declining to 3-4 days, compared with the 21-day norm. Concerns have permeated across the country, worrying industrial as well as agri-dominated states, which are flagging risks of severe power cuts. This comes after reports that over half of
Month: October 2021
Federal Reserve officials could begin reducing the extraordinary help they’ve been providing to the economy by as soon as mid-November, according to minutes from the central bank’s September meeting released Wednesday. The meeting summary indicated members feel the Fed has come close to reaching its economic goals and soon could begin normalizing policy by reducing
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Wednesday Here’s what Wall Street expects: Earnings: $3 per share,
GBP/USD extends the previous session’s gains on Thursday in the initial Asian session. Lower US T-yields undermine the demand for the US dollar. Brexit led-woes, worker shortage, weaker domestic data keep a check on sterling. The GBP/USD pair extends gains on Thursday. The pair touched a high of 1.3667 in the previous session composed of
Forex traders constantly challenge themselves to get an understanding of the market, and for those who are using technical analysis, they’re only partially aware that they’re using math, applied to faked Cartesian plane, the charts, which in real are simple representation of price action through time; this fx trading training aims to explain how to
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Dollar firms up mildly in early US session as headline CPI was back at multi-decade high, which core CPI remains stubbornly strong. The gain in the greenback is so far limited. Overall markets continue to trade in consolidative mode, with mild weakness seen in commodity currencies while Swiss Franc and Euro are rebounding. Next focus
The ongoing price boom in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $560. Dubbed as Cup and Handle, the pattern appears when the price forms an advance that appears like a U-shaped trend (Cup). That follows up with a formation of a descending channel range
..New high but just barely (at least so far). The USDJPY moved up after the CPI data today and in the process took out the high price from yesterday but only just barely. The high yesterday reached 113.783. The high price just reached 113.798 but backed off. The current price is trading at 113.64 as I type. The
All sides of the space aren’t attracting enough capital The future has never been less clear in the energy space and that’s leading to potentially ruinous outcomes. The IEA outllines in a report today that there isn’t enough money going into green energy to deal with climate change and there isn’t enough money going into
New Delhi: Gold in the national capital on Wednesday rose Rs 63 to Rs 46,329 per 10 grams amid rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,266 per 10 grams. Silver also jumped Rs 371 to Rs 60,788 per kg, from
Consumer prices increased slightly more than expected in September as food and energy price increases offset declines in used cars, the Labor Department reported Wednesday. The consumer price index for all items rose 0.4% for the month, compared to the 0.3% Dow Jones estimate. On a year-over-year basis, prices increased 5.4% vs. the estimate for
In this article DAL Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines on Wednesday reported a quarterly profit and higher-than-expected revenue for the third quarter, but
The aussie is moving around the mids 0.73. In the view of economists at ING, the cautious policy stance of the Reserve Bank of Australia (RBA) is not expected to send AUD/USD lower than 0.73 by year-end. See: AUD/USD still seen lower at 0.72 on a three-month view – Rabobank Aussie is slightly less vulnerable to
OPEC+ produced less than promised despite global energy shortage. The alliance comprised of 10 OPEC members, 9 non-OPEC producers and 3 OPEC members exempted from quotas produced a total of 40.73M bpd in September, compared with 40.26M bpd a month ago. Output from OPEC-10 and non-OPEC aggregated to 36.57M bpd, missing the quota of 36.74M
Stocks struggle to move higher The US stocks could not sustain positive levels and drifted lower into US afternoon. The major indices are closing lower for the third consecutive day. At the close, Apple announced that they would have to cut production of the iPhone due to chip crunch. Apple shares are down -1.1% after the close.
upgrade China’s property sector to “attractive” “We believe the default risks and property market weakness have been largely priced into property stocks” “Property stocks will react on policy easing, which looks more likely now” ”adjustment process” of reducing debt and policies to “manage system excesses” will likely continue for the next six to 12 months.
Ravindra Rao MCX Gold futures went back and forth during the trading session on Monday as it continued to hover around the Rs 47,000 mark. Now the target/resistance exists around Rs 47,380 (200-DEMA). Similarly, 20-DEMA at Rs 46,600 holds a good support. The medium-term momentum has turned positive as MACD generated a crossover buy signal.
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