New Delhi Gold prices were trading flat as the dollar recovered slightly, while market participants await further direction on US rate hikes from the Federal Reserve meeting next week. Most investors expect the Fed to deliver a 50-basis point rate hike at its final meeting of 2022 scheduled on December 13-14, 2022. Market participants also
Month: December 2022
Trading in the currency markets continues to be rather subdued. Canadian Dollar remains the weakest together Yen. The dovish rate hike by BoC overnight didn’t trigger more selloff, though. Yen is having little reaction to falling US and European benchmark yields. Dollar and Euro are the firmer ones but stay inside familiar range. Aussie and
Here is what you need to know on Thursday, December 8: Financial markets remain choppy in the second half of the week amid a lack of fundamental drivers and high-tier data releases. Participants stay on the sidelines ahead of next week’s key central bank announcements and major currency pairs struggle to make a decisive move
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday its fiscal third quarter sales declined and its cash pile sharply dwindled, as the brick-and-mortar
USDJPY trades between the 100 and 200 hour MAs Today, the USDJPY traded higher into the European session and in doing so, moved above the 200 hour MA (green line). The one break above that MA line last week failed quickly. Yesterday, the price moved up to test the MA again and backed off. So
Bloomberg (gated) carry the report saying the Biden administration is in negotiations with the Netherlands re controlling exports of chipmaking equipment to China. The new export limits could bar the sale of equipment capable of making chips designated as 14 nanometers or more advanced. Agreement on the Dutch curbs could come as soon as January,
In this week’s newsletter, read about how the word “metaverse” placed second in Oxford’s Word of the Year. Check out how Meta is pushing forward its metaverse plans amid doubts and how the nonfungible token (NFT) marketplace Magic Eden announced a tool to enforce royalties. In other news, find out how the Opera Crypto Browser
Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply. Warnings from big U.S. banks about a likely recession next year weighed, and supported the U.S. dollar. A stronger dollar makes
Euro and, to a lesser extent, Sterling, are picking up some buying today but both are stuck in range against the greenback. There is no clear unified theme in the markets. Canadian and Australian Dollar are weak, but New Zealand Dollar is strong. Swiss Franc is trailing other Europeans higher but Yen is heading down,
NZD/USD firms up on US Dollar weakness as focus switched to the Fed next week. China lifted sentiment with the nation announcing some easing in its zero-COVID strategy. NZD/USD is higher by some 0.75% in the day so far having climbed from a low of 0.6309 to a high of 0.6384 while the US Dollar gives up
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EURUSD falls below its 100 hour moving average The EURUSD is making a break below the rising 100 hour MA. That level comes in at 1.04948. The price is also dipping below the November highs that came in between 1.04806 and 1.0496. The low price just reached just reached a new session low 1.04768. So
Prior -0.8% Market index 204.2 vs 208.1 prior Purchase index 175.5 vs 181.0 prior Refinance index 340.8 vs 325.5 prior 30-year mortgage rate 6.41% vs 6.49% prior Mortgage activity declined once again in the past week, this time led by purchases as refinancing activity picked up slightly after the sharp decline in the week prior.
New Delhi: Gold prices ticked up on Wednesday as the dollar weakened slightly, but moved in a relatively narrow range as investors looked to gauge the pace of rate hikes by the US Federal Reserve. Fed fund futures are expecting a 91% chance of a 50-basis point (bps) rate increase in the December meeting, said
Overall, the markets continue to trade in a mixed manner. US stocks declined for a second day overnight, but the selloff didn’t continue in Asia. Sentiment is somewhat supported by optimism of easing restrictions in China. In the currency markets, Yen is currently the worst performer for the week, followed by Aussie. Canadian Dollar is
Economists at Credit Suisse remain optimistic on Indian GDP, but that optimism is negative for the trade balance and the Rupee. They forecast USD/INR to trade in a 82-84 range in the short term. RBI will limit weakness at 84.00 in the short term “We remain optimistic on the outlook for Indian GDP, but that
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