Gold October futures contracts at MCX opened flat on Wednesday at Rs 72,040 per 10 gram, which is down by 0.11% or Rs 82 while silver September futures contracts were trading at Rs 85,330/kg, down by 0.38% or Rs 328. In this week, the prices of gold have gained Rs 300/10 gm while silver has
Month: August 2024
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs
The Canadian Dollar eased back on Tuesday, but the US Dollar fell faster. Canada remains data-light until Friday’s GDP print. Markets are hunkering down until Friday’s US PCE inflation figures. The Canadian Dollar (CAD) traded with a broadly softer tone on Tuesday, easing back against the majority of its major currency peers, but still found
Euro weakened broadly today, weighed down by growing recession concerns in Germany. The Eurozone’s largest economy confirmed -0.1% contraction in GDP in Q2. Consumer sentiment showing deeper-than-expected deterioration, particularly in economic expectations. This decline follows weak Ifo business climate released yesterday. The string of negative data points suggests that any economic recovery may be further
Fundamental Overview Last Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can to support a strong labour market was key.
Today’s two-year US Treasury sale was a bit of a gut-check moment for the fixed income market. It was the first test of real-demand at sub-4% yields in this environment. The $69 billion was a big amount to swallow and European fixed income was soft today. But the demand was there, proven by a 0.6
Gold prices held steady on Tuesday, lingering near record highs, as safe-haven demand from rising geopolitical tensions in the Middle East and increasing bets on a U.S. Federal Reserve interest rate cut in September provided support. FUNDAMENTALS * Spot gold was flat at $2,515.83 per ounce by 0027 GMT. Bullion hit a record high of
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters For Nvidia investors, the past two years have been a joyride. But recently they’ve been on more of a roller coaster. As
The Indian Rupee weakens in Tuesday’s early European session. Month-end USD demand and higher crude oil prices weigh on the INR. Traders await the US August CB’s Consumer Confidence ahead of the key events later this week. The Indian Rupee (INR) trades on a weaker note on Tuesday. The US Dollar (USD) demand from local
Trading in the forex markets continued to be relatively subdued, as the initial buzz surrounding a Fed rate cut in September is quickly dissipating. Although there is still some speculation about the possibility of a more aggressive 50bps cut to kick off the easing cycle, the repeated reassurances from Fed officials about a preference for
The USDCAD from April to July was confined in an up-and-down trading range between 1.3586 and 1.3803. Finally, in July, the pair broke higher reaching a level of 1.39458 on August 5. However, since then the pair as moved back into the up-and-down consolidation range, and then below the low of that range last week
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
Gold October futures contracts at MCX opened flat on Tuesday at Rs 71,807 per 10 gram, which is down by 0.32% or Rs 232 while silver September futures contracts were trading at Rs 85,410/kg, up by 0.3% or Rs 258. In the last one week, the prices of gold have traded flat gaining Rs 220/10
A meat counter showing a variety of sausages at a Fred Meyer grocery store, a sub of Kroger, in Palmer, Alaska. Michael Siluk | UCG | Universal Images Group | Getty Images An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There
The Greenback managed to regain composure and leave behind part of the recent multi-day bearish move, which was accentuated following Chair Powell’s speech at Jackson Hole. While an interest rate cut by the Fed in September looks largely priced in, there are still significant data releases that could either reinforce that move or undermine it.
Geopolitical events dominate market movements today amid a sparse economic calendar. Oil prices have surged following an announcement from Libya’s eastern government in Benghazi that oil production and exports would be halted. This move stems from a dispute with the internationally recognized western government in Tripoli over central bank leadership. Additionally, markets are reacting to
Fundamental Overview Last Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. The line saying that they will do everything they can to support a strong labour market was key. Despite this,
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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