Gold October futures contracts at MCX opened flat on Friday at Rs 71,981 per 10 gram, which is up by 0.09% or Rs 64 while silver December futures contracts were trading at Rs 85,005/kg, up by 0.06% or Rs 49. In the last 2 days, the prices of gold have gained Rs 500/10 gm while
Month: September 2024
Andreypopov | Istock | Getty Images Wall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor Department puts out a jobs report expected to go a long way in determining the future of Federal Reserve policy. The Wall Street consensus is for nonfarm payrolls growth
Broadcom reported an earnings beat Thursday, driven by strong sales of its AI products and VMware software. But management’s guidance for the current quarter disappointed investors, sending shares of the chipmaker down nearly 7% in the after market. This is too harsh of a reaction to an otherwise solid print. Revenue increased 47% year over
The Greenback added to the weekly leg lower and pierced the key 101.00 barrier against the backdrop of persistently low US yields across the curve and steady speculation of a potential half-point interest rate cut by the Fed. Here is what you need to know on Friday, September 6: The US Dollar Index (DXY) added
Dollar bears attempted to push the greenback lower following the release of much weaker-than-expected ADP employment data, but the downward momentum lacked conviction. Traders remain cautious, given that ADP data has not consistently aligned with non-farm payrolls, leaving room for surprises when the NFP is released tomorrow. Furthermore, today’s upcoming ISM services report could still
Uh-Oh! The rise in the NASDAQ index today took the price to a high of 17295. That also extended briefly above its 200-hour moving average at 17284.26 (at the time – the current level is a little lower at 17281.12), but the momentum quickly reversed and traders started to use that moving average line as
Crude oil futures is settling at $69.15 after trying to rebound for the first time in four trading days. It was not meant to be. The price is closing lower for the fourth consecutive day. The high for the day reached $70.78. The low for the day reached $68.79. What is not logical is that
OPEC+ has agreed to delay a planned oil output increase for October and November after crude prices hit their lowest in nine months, three sources from the producers’ group told Reuters on Thursday. Oil prices have been falling along with other asset classes on concerns about a weak global economy and soft data from China,
Private sector payrolls grew at the weakest pace in more than 3½ years in August, providing yet another sign of a deteriorating labor market, according to ADP. Companies hired just 99,000 workers for the month, less than the downwardly revised 111,000 in July and below the Dow Jones consensus forecast for 140,000. August was the
A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Volvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting 100% all-electric vehicle sales by 2030.
PYPL Elliott Wave Analysis Trading Lounge Daily Chart, Paypal Holdings Inc., (PYPL Daily Chart. PYPL Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 3 or C. Direction: Upside in wave 3/C. Details: We are looking at upside potential within wave 3 or C which needs to unfold in a five wave manner, and we seem to be standing within wave {iii}. Equality of 3 vs. 1 stands
Dollar weakened broadly overnight after the latest JOLTS report showed significant drop in job openings, hitting the lowest level since January 2021. Economists are increasingly worried that the US labor market is cooling not just to pre-pandemic levels but potentially beyond. Such outlook could raising the possibility that the Federal Reserve may need to act
Join us for the LIVE GOLD TRADING SESSION #157 on 05 Sep 2024, hosted by MSB FX. In this session, we will be diving deep into live market analysis, sharing expert strategies, and identifying key trading opportunities in the gold market. Whether you’re an experienced trader or just starting, this live session is packed with
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Prior +3.9%; revised to +4.6% The devil is in the details. The reading here has been volatile for many months already in 2024 and this is one of those times reflecting that again. If you actually exclude large orders (which tend to be a one-off), incoming orders were actually down by 0.4% in July compared
Amid weakness in the dollar index and downbeat U.S. JOLTS job openings data, Gold October futures contracts at MCX opened flat on Thursday at Rs 71,484 per 10 grams, rising 0.03% or Rs 18 while silver December futures contracts were trading at Rs 83,750/kg, up 0.22% or Rs 185. In this week so far, the
Job openings slumped to their lowest level in 3½ years in July, the Labor Department reported Wednesday in another sign of slack in the labor market. The department’s closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month, off 237,000 from June’s downwardly revised number and
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