Gold August futures and silver September futures on MCX opened flat today after experiencing sharp declines yesterday post a cut in the custom duty announced in the Union budget. The former opened 0.38% or Rs 262 higher at Rs 68,772 per 10 gram while the latter was up by 0.38% or Rs 321 at Rs
Month: July 2024
Yen’s rally accelerates again in Asian session today, driven by stronger-than-expected PMI services data, which bolsters the argument for a BoJ rate hike next week. While opinions vary on the exact timing of the rate move, with some economists forecasting a move in September or October, all would agree that an early hike this month
Bank of Santander Headquarters Getty Images Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity, after firm revenues and margin management in Europe and Brazil. The company’s net profit attributable to the parent group came in at 3.207 billion euros ($3.48 million), in
USD/JPY advances near 155.85 in Wednesday’s early Asian session, up 0.24% on the day. The higher possibility of a BoJ interest rate hike might support the Japanese Yen. Investors will monitor the US preliminary S&P Global PMIs for June, which is due later on Wednesday. The USD/JPY pair trades on a stronger note around 155.85, snapping the
Earlier this month, I did a series of posts, following the trend of the GBPJPY on a trend move higher. The move to the upside was helped by dips finding support against the 100-hour MA. That continued until it didn’t and the technical story changed. Here is the succession of posts. https://www.forexlive.com/technical-analysis/the-gbpjpy-is-trading-at-highest-level-since-2008-and-bounced-off-support-todaywhat-next-20240705/ https://www.forexlive.com/technical-analysis/has-the-song-remained-the-same-for-the-technicals-driving-the-gbpjpy-trend-move-higher-20240708/ https://www.forexlive.com/technical-analysis/gbpjpy-still-remains-above-the-100-hour-ma-20240709/ https://www.forexlive.com/technical-analysis/gbpjpy-continues-its-run-to-the-upside-hints-of-a-top-yesterdayfails-20240710/
Snippet via HSBC on likely potential tailwinds for stockmarkets globally in this second half the year. Analysts at the bank say their discussion with clients indicate to much attention being paid to downside risks, and overlooking 5 key potential triggers for higher prices yet to come: Earnings reports remain positive The ‘Goldilocks macroeconomic landscape to
On the day of the Union Budget, Gold August futures at MCX opened flat at Rs 72,838 per 10 gram, rising by 0.17% or Rs 120, while the silver September futures at MCX opened 0.21% or Rs 191 lower at Rs 89,012/kg. Gold prices have fallen by Rs 1,500/10gm in the last one week whereas
Japanese Yen continues to stand out as the strongest currency, in another day with a lackluster economic calendar. However, it’s Dollar that’s capturing market interest as markets enter into US session, where it has shown notable gains against major counterparts like Euro and Swiss Franc. Break of near term levels in both EUR/USD and USD/CHF
Shares of Danaher popped more than 6% on Tuesday after the life sciences company delivered a strong quarter and reaffirmed its guidance — signaling the longtime Club stock is back on track. Revenue for the period ended June 28 declined 3.5% organically year over year to $5.74 billion, outpacing analyst estimates of $5.59 billion, according
Gold price bounces back in the countdown to a string of US economic data. Firm Fed rate cut hopes to keep the upside in the US Dollar limited. Gold price in India sinks after customs duty reduction. Gold price (XAU/USD) gains ground near the round-level resistance of $2,400 in Tuesday’s North American session. The precious metal finds cushion
Fundamental Overview The USD regained some strength in latter part of last week. From the monetary policy perspective, nothing has changed as the market continues to expect at least two rate cuts by the end of the year and sees some chances of a back-to-back cut in November. The data continues to suggest that the
The Japanese yen is on its own at the front to start the week but the dollar is also seen holding slightly firmer now as after a short period of consolidation since Friday. Both EUR/USD and GBP/USD are down 0.3% to 1.0860 and 1.2895 respectively, touching their lowest levels since 11 July. The latter looks
Notwithstanding a cut in the customs duty on gold and silver to 6%, bullion prices fell sharply on Tuesday. While the August gold futures fell 6% or by Rs 4,268 per 10 gm to hit the day’s low of Rs 68,500, silver September futures on the MCX tanked by Rs 4,928 per kg or 5.5%
Yen is trading broadly higher in otherwise sluggish Asian session today. The central focus remains on whether BoJ will implement another interest rate hike at its upcoming announcement on July 31. Media reports suggest that some BoJ officials are concerned about weak consumer spending, which complicates their decision-making. The possibility of postponing the rate decision
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. Brandon Bell | Getty Images DETROIT — General Motors is set to report second-quarter results before the bell Tuesday. Wall Street expects
WTI trades in negative territory for the fourth consecutive day $78.00 on Tuesday. Oil demand concerns continue to weigh on the WTI price. Morgan Stanley expects oil prices to drop to the mid-$70s in 2025 amid a surplus. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.00 on Tuesday. WTI price edges
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
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
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