Month: November 2021

Kolkata: BSE, India’s second-largest commodity exchange, has signed a Memorandum of Understanding (MoU) with the Madurai District Gold and Silver Merchant Association to provide an impetus for the growth and development of commodities and proposed Electronic Gold Receipt (EGR) market in India. Through this association, both entities, as well as the stakeholders they serve, will
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GBP/USD extends to four days its fall, down almost 1.5%. Risk-off market sentiment dented the prospects of risk-sensitive currencies like the British pound, favors the greenback. The US Dollar Index is closing to 97.00 after the renomination of Powell amid positive US jobs data. The British pound continues its free-fall, down for the fourth consecutive
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The RBNZ raised the OCR by +25 bps to 0.75%, as we had anticipated. Policymakers sounded more cautiously about the economic outlook while reiterating the stance of continued reduction of stimulus. Kiwi extended recent correction after the announcement. On the monetary policy outlook, the central bank reiterated that “it remains appropriate to continue reducing monetary
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In this article JWN A shopper leaves a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Tuesday reported earnings that fell short of analysts’ expectations as labor costs ate into profits and sales and its Nordstrom Rack business struggled to return to pre-pandemic levels. The news sent
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Silver holds onto corrective pullback around monthly low. Descending Momentum line, sustained break of two-month-old support favor sellers. 100, 200-DMA add to the upside filters, nears eye 23.6% Fibonacci retracement level. Silver (XAG/USD) pares intraday losses around $23.60 during early European morning on Wednesday. The bright metal bounces off 50-DMA but the rebound fails to
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Markets are trading in mild risk off sentiment, while treasury yields also surge. New Zealand Dollar is leading other commodity currencies lower, and Sterling is week too. On the other hand, Euro and Swiss Franc are currently the stronger ones, followed by Dollar and Yen. But overall, it should be noted that Euro’s recovery is
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New Delhi: Gold in the national capital on Tuesday plunged Rs 810 to Rs 46,896 per 10 gram reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,706 per 10 gram. Silver also cracked Rs 1,548 to Rs 62,720 per
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In this article GPS A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap Inc. shares tumbled Tuesday after the company slashed its full-year outlook, with fiscal third-quarter results falling short as Covid-related factory closures led to significant product delays in the
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