Market sentiment is stable today, with European index trading mildly higher while US futures point to a rebound. But overall direction remains rather unclear. Sterling is currently the stronger one, with additional help from buying against other European majors. Kiwi is also firmer, awaiting tomorrow’s RBNZ rate hike, followed by Dollar. On the other hand,
Month: October 2021
WTI trades up 0.2% to $77.80 on the day Invest in yourself. See our forex education hub. The $78 level poses some light psychological resistance for oil but essentially, it is all about the ability for buyers to keep the upside momentum running after the break to its highest levels since 2014 in trading yesterday.
Remarks by US Treasury secretary, Janet Yellen Failure to raise debt limit could hurt reserve status of the dollar, cause recession Supports bipartisan action to raise debt ceiling Not anything that hasn’t been said before as she doesn’t want to step into the toes of lawmakers in Congress as they sort the issue out. Invest
NEW DELHI: Gold prices eased on Tuesday as the dollar rose but kept the bullion close to a week’s high. Rising energy prices may dampen economic activities and dent appetite for riskier assets. Gold futures on MCX eased 0.18 per cent, or Rs 83, to Rs 46,804 per 10 gram. Silver futures were also down
Gold price is consolidating the retreat from weekly highs of $1771, as the market mood improves and caps the rebound in the US dollar across its main peers. However, the downside remains more compelling for gold price as looming concerns about higher price pressures, the US debt ceiling and China’s debt-laden property developers will continue
While some selling pressure is seen in Asian stocks, the forex markets are relatively steady. Canadian Dollar is currently the stronger one, followed by Yen. Sterling is the softer one, followed by Swiss France, Euro and Dollar. Overall risk sentiment will continue to drive the markets this week and hence we’ll have some attention on
Twitter user Lauren Walker tweeted a message claiming she was “stealing” nonfungible tokens, only to have crypto-Twitter turn around and mint her words into a token listing for thousands of dollars. In an Oct. 2 post on Twitter, Walker mockingly said her current collection of nonfungible tokens, or NFTs, was valued at more than $8
Nasdaq lower for the 6th time in 7 days. The major US indices are ending sharply lower with the brunt of the damage done in the Nasdaq index. The NASDAQ closes at its lowest level since June 22 The NASDAQ is down 7.5% from its all-time high The S&P index is closing 5.40% from its all time
Posting this as some local Australian political news. NSW is Australia’s largest population state and home to its largest city of Sydney. Previous Premier Gladys Berejiklian resigned last week when an investigation was launched into her conduct. Berejiklian had steered NSW through its COVID-19 outbreak to a point where Sydney is on the verge of a much-awaited
FRANKFURT: Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of oil every
In this article F Thousands of Ford F-150s without chips are stored at Kentucky Speedway in Sparta, Kentucky, U.S., September 8, 2021. Jeff Dean | Reuters DETROIT – Ford Motor’s U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor
Lucid Motors (LCID) stock pops and then drops. LCID stock fails at trend line resistance. Lucid Motors is due to deliver the first vehicles this month. Update: Lucid Motors (LCID) posted a 1.91% slide on Monday, ending the day at $24.14 per share. Wall Street opened with modest losses but quickly dipped into the red. The
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Swiss Franc is the winner so far today, as Dollar and Yen pare back some of last week’s gains. Meanwhile, Euro is also soft after poor investor confidence data. On the other hand, New Zealand Dollar is following closely as second strongest, on anticipation of RBNZ rate hike later in the week. Other currencies are
Dollar and yen the laggards on the session so far It’s tough to pick at catalysts for a move in the dollar so far today as equities are seen on the weaker side and Treasury yields are pushing higher, yet the greenback is marked lower against most major currencies in European morning trade. The latter
As remarked by transport commissioner, Adina Vălean The meeting is said to take place next Monday. To be honest, I’m not sure how much they can do in order to come up with a robust solution in either bringing down gas prices or to source for alternative resources. It is going to be a blaring winter with
NEW DELHI: Gold and silver futures were flat on Monday as a weaker dollar offset bets that the US Federal Reserve could begin tapering its pandemic-era asset purchases soon. The dollar index dropped to its lowest since September 29, making gold cheaper for buyers holding other currencies. Gold futures on MCX were up 0.06 per