US stocks surged to new records overnight despite Fed’s tapering announcement. Positive sentiments also continued in general in Asia. Dollar remains mixed for now and traders are probably awaiting tomorrow’s non-farm payroll report before taking a commitment. Focus will now turn to BoE rate decision, as Sterling is trading with an undertone. Technically, The general
Month: November 2021
NASDAQ, Russell 2000 lead the way The major indices are all closing higher and at record levels as the Fed tapers but will take it’s time in taking away the punch bowl. The more rate sensitive NASDAQ and small-cap Russell 2000 index were the out performers. The NASDAQ index rose over 1% the Russell 2000
Kaisa shares and dollar bonds tumble amid fears of a liquidity crunch After the firmed stated that its October sales plunged by over 30% compared to a year ago yesterday, its shares are dropping by more than 12% on the day with the low earlier being an all-time low (drop of more than 14%).Invest in
Gold prices inched lower on Wednesday as investors awaited the result of a U.S. Federal Reserve policy meeting to assess how the central bank plans to combat rising inflation and ease worries about economic recovery. FUNDAMENTALS * Spot gold fell 0.2% to $1,784.04 per ounce by 0138 GMT. U.S. gold futures dropped 0.2% to $1,785.30.
The Federal Reserve announced Wednesday it soon will begin reducing the pace of its monthly bond purchases, the first step towards pulling back on the massive amount of help it had been providing markets and the economy. Tapering of bond purchases will start “later this month,” the policymaking Federal Open Market Committee said in its
In this article ROKU Roku shares dropped in after-hours trading Wednesday after the company reported a third-quarter revenue that missed expectations. The company’s revenue came in at $680 million, just below a Refinitiv forecast of $683.4 million. That’s still up 51% from a year earlier. Roku’s earnings per share of 48 cents, however, topped expectations
NZD/USD fades the bounce from two-week lows, as USD bulls return. Post-Fed risk-on mood, recovery in the US yields drive the USD uptick. Focus shifts to the US NFP release for a decisive move in the kiwi. NZD/USD is back in the red zone, heading towards the 0.7150 level in Thursday’s Asian trading. The resurgent demand
Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger number of active contracts allows the participation of institutional investors that require a minimum market size.
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The markets are generally quiet as FOMC tapering announcement is awaited. Major European indexes tread water while US futures are mixed. Global benchmark yields are trading lower for now. In the currency markets, Canadian and Dollar are both weakening mildly today. Stronger than expected ADP job report gives little support to the greenback. New Zealand
UK’s FTSE 100/Spain’s Ibex are lower The major European indices are ending the session with mixed results. The provisional closes are showing: German DAX, flat France’s CAC, +0.4% UK’s FTSE 100 -0.4% Spain’s Ibex, -1.0% Italy’s FTSE MIB +0.5% In other markets, as London/European traders look to exit shows: Spot gold is trading down $24.65 or
Sideways trading through the statement Early US dollar strength has moderated in the lead-up to the FOMC decision, with the euro and pound bouncing back. Gold has finally found a floor at $1760 after the earlier agressive selling. The S&P 500 is down 6 points. Many eyes are on the front end of the Treasury
New Delhi: Gold price in the national capital on Wednesday tumbled by Rs 375 to Rs 46,411 per 10 grams amid a decline in the international prices of precious metals as well as rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,786 per 10 gram. Silver
A company advertises a help wanted sign on April 09, 2021 in Pawtucket, Rhode Island. Spencer Platt | Getty Images Private sector job creation popped higher in October thanks to a burst in hiring in the hospitality sector, payroll processing firm ADP reported Wednesday. Companies added 571,000 for the month, beating the 395,000 Dow Jones
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images CVS Health on Wednesday beat expectations for fiscal third-quarter earnings as the company got a boost from filling more prescriptions and giving more Covid-19 vaccines. Despite
GBP/USD is the joint best performing G10 currency on Wednesday alongside NZD. However, FX markets are mostly in wait-and-see mode ahead of the Fed meeting. GBP/USD is at present trading back to the north of the 1.3650 level, having bounced from Asia Pacific session lows close to 1.3600. With the pair higher by about 0.3%
Secondary sales volume for Solana (SOL) based nonfungible tokens (NFTs) has reached almost $500 million since the start of August. According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Nov. 2, with the average sale per NFT tallying in at