Gold plunged Rs 350 to Rs 59,650 per 10 grams in the national capital on Wednesday amid weak cues in global markets, according to HDFC Securities. The yellow metal had ended at Rs 60,000 per 10 grams in previous trade. “Gold declined on Wednesday, with spot gold prices (24 carats) in the Delhi markets trading
Month: September 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Dollar attempts to rally in early US session after modestly stronger than expected US consumer inflation data. But there is no clear follow through buying. Headline CPI’s bounce back to a 14-month high was slightly above expectations. Meanwhile, core CPI’s monthly reading also beat market forecasts. Yet, it appears that traders are not convinced that
Inflation posted its biggest monthly increase this year in August as consumers faced higher prices on energy and a variety of other items. The consumer price index, which measures costs across a broad array of goods and services, rose a seasonally adjusted 0.6% for the month, and was up 3.7% from a year ago, the
Share: The Consumer Price Index in the US is forecast to rise 3.6% YoY in August, up from the 3.2% increase recorded in July. Core CPI inflation is expected to fall sharply to 4.3% YoY in August. US CPI inflation report could significantly impact the US Dollar’s valuation ahead of the Fed’s September policy meeting.
US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. Inflation measures since then showed further disinflation. The labour market displayed signs of softening although it remains fairly solid. Overall, the economic data
Gold traded in the red on Wednesday despite weakness in the dollar index (DXY) which hovered around 104.67 against a basket of top six currencies as the Street remained cautious ahead of the US Federal Reserve’s Federal Open Market Committee Meeting (FOMC) which begins on September 19, to take cues of the road ahead. The
When asked about Russia helping to build satellites for North Korea, Putin says that “that is why we’ve come to the Vostochny Cosmodrome”. Adding that “we will discuss all issues and topics” and that “Kim is showing a big interest in Russian rocket equipment”. Coming into their meeting, it has been speculated that Kim would
Euro experienced a bounce amidst whispers that ECB forthcoming inflation projections might support an imminent rate hike on Thursday. Nevertheless, this uptick was moderate, as the revelations originated from an anonymous source. Simultaneously, investors worldwide are gearing up for pivotal US CPI data and UK GDP figures set to drop later today, both of which
United States Securities and Exchange Commission (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence (AI) technologies to monitor the financial sector for signs of fraud and manipulation. [embedded content] Gensler gave a public speech before the National Press Club on July 17
Share: GBP/CAD trades at 1.6924, pressured by rising oil prices and a UK unemployment rate increase to 4.3%. Bank of England hints at a rate cap at 5.50%, while the Bank of Canada eyes further tightening amid strong job growth. Upcoming monetary policy decisions could dictate the pair’s direction, but higher oil prices may tilt
US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. Inflation measures since then showed further disinflation. The labour market displayed signs of softening although it remains fairly solid. Overall, the economic data
NEW YORK, Sept 12 – Oil prices jumped about 2% to a near 10-month high on Tuesday on a tighter supply outlook and OPEC optimism over the resilience of energy demand in major economies. Brent futures rose $1.64, or 1.8%, to $92.28 a barrel by 11:15 a.m. EDT (1515 GMT). U.S. West Texas Intermediate (WTI)
Welcome to our beginner’s guide to forex trading, where we’ll show you how to transform a modest $10 investment into a rewarding $100 with ease. If you’re new to the world of forex and looking for simple yet effective strategies to kickstart your trading journey, you’ve come to the right place. Here’s what you can
watch full forecast video here https://youtu.be/XF2XtiXhJEw
* no investment advice – informational and entertainment purposes only * Do you like my free YouTube videos? Then you will love the Tradecademy! In the Tradecademy, you find 80 brand-new and never-seen-before trading videos in a completely new trading course. Plus, you join a private discord community, live trading webinars and you can interact
US consumers are looking for some relief in prices US consumers have held up better than expected Here were recent comments from Bank of America president of regional banking Dean Athanasia along the same lines. He was asked about the consumer: Yes, consumer spend right now, I mean, we — our economists have pushed things
Euro and Sterling stumbled today as they responded to less than impressive economic indicators. Despite a slight uplift in German economic sentiment, the broader picture reflected deteriorating current situation, adding pressure on the common currency. Concurrently, the Pound exhibited a steeper reaction to the shrinking payroll employment coupled with the decelerated wage growth noted in
- « Previous Page
- 1
- …
- 10
- 11
- 12
- 13
- 14
- …
- 21
- Next Page »