Gold traded in a range on Monday as the Street awaits key data points including the inflation numbers in the US. Last week, top officials in the Federal Reserve reiterated their stance on interest rate cuts, suggesting that they would need more data before they start the rate-slashing exercise. Taking cues from the global price
Month: February 2024
Today’s Asian session sees an unusual quietness across the region, with major markets closed for holidays, leading to limited movement among major currency pairs and crosses. New Zealand Dollar is having a slight downtick following RBNZ Governor Adrian Orr’s appearance before a parliamentary committee, where he left market participants parsing for clues on future rate
In this article BABA BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Shares of Alibaba fell Wednesday, as the company missed market expectations for revenue in the December quarter, even as it announced it is increasing the
Share: Last year, central banks purchased a near-record 1,037t of Gold and a record 1,082 tonnes in 2022. After record central bank buying in 2022 and 2023, economists at TD Securities expect continued strong demand from central banks in the years to come. Central banks reigniting Gold bull run Considering that about a quarter of
Federal Chancellor Olaf Scholz (SPD, r-l), Robert Habeck (Alliance 90/The Greens), Federal Minister for Economic Affairs and Climate Protection, and Christian Lindner (FDP), Federal Minister of Finance, follow the debate at the start of the budget week. Michael Kappeler | Picture Alliance | Getty Images Good news has been sparse for the German economy. And
The NZDUSD moved higher today, helped by a report from ANZ that they now expect the RBNZ to hike rates not once but two times: THey said: We now expect the RBNZ to hike the OCR 25bp in Feb and April, taking it to 6%. No one piece of data is to blame but a
UPCOMING EVENTS: Tuesday: Japan PPI, UK Labour Market report, Switzerland CPI, German ZEW, US NFIB Small Business Optimism Index, US CPI. Wednesday: UK CPI, Eurozone Industrial Production. Thursday: Japan GDP, Australia Labour Market report, UK GDP, UK Industrial Production, Switzerland PPI, US Retail Sales, US Jobless Claims, US Industrial Production, US NAHB Housing Market Index,
Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent crude futures slipped 20 cents, or 0.25%, on the day to $81.43 a barrel by 1223 GMT, while U.S. West Texas Intermediate crude futures fell by 9
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT Uber CEO Dara Khosrowshahi looks on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Images Uber reported fourth-quarter results Wednesday that beat analysts’ estimates on top and bottom lines. Shares fell about 3% in premarket trading. Here’s
Share: S&P 500 ended the week at a new all-time high above 5,000. Alibaba, PayPal and Disney were among noteworthy companies that reported earnings this week. Technology Sector is the best-performing S&P 500 major sector on Friday. The S&P 500 (SPX) index rose 0.57% to close the session at 5,026.61. The Dow Jones (DJIA) dropped
NASDAQ index is within 0.76% of all-time high closing level The NASDAQ index is moving closer to its all-time high closing level reached on November 19, 2021 at 16057.44. The intraday all-time high price was reached at 16212.23 on November 22, 2021. From that high level, the price of the index tumbled 37.77% to its
Spot gold closed with a loss of 0.48% at $2025 Friday as the US yields chugged higher to close 0.47% up at 4.177%. Spot gold was down nearly 0.70% on the week. The ten-year US yields firmed up by around 3.70% on the weekly basis, whereas the two-year yields were up roughly 2% on the
Sunday features the quintessential American cultural event — the Super Bowl. The game itself and its importance in American culture hint at what makes America what it is, and why US stock markets are at record highs as the rest of the world falls further behind. The fairy-tale version of United States excellence leans on
In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as KFC, Taco Bell and Pizza Hut
Share: EUR/USD found some room higher but still lacks upside momentum. Final German HICP and CPI inflation brought no surprises. US CPI inflation, EU GDP figures slated for next week. The EUR/USD found some room on the high side on Friday, continuing a near-term recovery. However, the pair remains firmly planted on the low side
The USDCAD fell initially at the start of the North American session after the Canada jobs report, in the revisions to the CPI which was originally thought to be more than what it ended up being. The price moved to the high of a swing area between 1.3398 and 1.3414 before bouncing higher. Since then,
Gold slipped on Friday and was heading for a weekly fall, pressured by elevated Treasury yields, while investors awaited next week’s U.S. inflation data for more clues on the timing of the Federal Reserve‘s interest rate cuts. Spot gold was down 0.5% at $2,022.86 per ounce at 01:47 p.m. ET (1847 GMT) and fell 0.8%
The broader US stock indices continued to plow forward with the S&P closing above 5K for the first time ever. The Nasdaq traded above 16K for the first time since November 2021 and is now within 67 points of a new all time high close. The Dow did fall today but as Chevron, Disney and
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