The USDCAD broke higher at the end of last week and in the process extended above high from August at 1.39458. The high price reached 1.3958 and closed the week at 1.39484. However, after the weekend election poll news, yields moved lower, the USD moved lower and the USDCAD gapped down as well. That took
Month: November 2024
The next few days are some big ones for the markets and for you too as a trader in the markets. The US election is a toss-up, which given the history of the past elections will likely lead to chaos. Everything and anything can happen. If it were a sporting event, it would be considered
Written by , ETMarkets.com| Nov 04, 2024, 08:00:48 PM IST 1/5 Stock Ideas Domestic equities saw a turbulent beginning to the new Samvat year as the benchmark Nifty tumbled 500 points during the day to test a fresh 4-month low.“From a technical point of view, the benchmark index has shown signs of a consolidation breakdown, and
A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing
Another day. Another Apple headline. The news Berkshire Hathaway sold another large chunk of Apple shares, according to the Warren Buffett -led company’s earnings report Saturday. The Omaha-based conglomerate reduced its stake by about 25% during the third quarter. But it still held roughly $69.9 billion worth of Apple shares at the end of September.
Pound Sterling surges against US Dollar ahead of US Trump-Harris battle The Pound Sterling (GBP) performs strongly against its major peers at the start of the week, with investors also focusing on the Bank of England’s (BoE) monetary policy decision, which will be announced on Thursday. The BoE is expected to cut interest rates by
Dollar took a notable downturn in the Asian session, and picking up downward momentum too, following a weekend poll that showed Democratic presidential candidate Kamala Harris edging ahead of former President Donald Trump in Iowa. Although Harris’s 47% to 44% lead falls within the 3.4% margin of error, this development marks a significant shift in
Bitcoin price forecast: on track for another ATH test, but watch these levels If you’re riding the Bitcoin wave, hang tight—things are getting interesting. As BTC/USD keeps testing significant levels, traders and investors are on edge, waiting to see if Bitcoin has what it takes to revisit its all-time high (ATH). With technical analysis pointing
The snapshot of the dollar pairs above shows the greenback down across the board, after opening with a gap lower. Ignore the high for USD/JPY there as that is likely an error on the sheet. My chart has it at 152.54 and that’s the one I’m following. In any case, the dollar is down as
Gold December futures contracts at MCX opened lower by 0.55% or Rs 433 today at Rs 78,434 per 10 gram, while silver December futures contracts were trading at Rs 94,676/kg, down by 0.85% or Rs 807. Gold prices witnessed some profit booking from its all-time high of Rs 79,775/10 grams, falling by Rs 1,341 in
RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia’s finance minister said, expressing particular concern over lower income countries as well as what he described as rapidly growing global fragmentation. “I think globally, the serious, serious issue that we need to watch is sovereign debt issues, particularly in
Industrial gas supplier Linde reported a solid third quarter on Thursday, proving once again its ability to grow revenues and earnings in a sluggish macro and industrial environment. Revenue in the third quarter increased 2.5% to $8.36 billion, slightly beating estimates of $8.35 expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per
Gold price trades in positive territory around $2,740 in Monday’s early Asian session. The US added just 12,000 jobs in October, the weakest since December 2020. Traders will closely monitor the US presidential election and Fed rate decision this week. Gold price (XAU/USD) trades with mild gains, snapping the two-day losing streak near $2,740 during
Apple Inc. (AAPL) has long been a shining star in the stock market, winning the hearts of investors and traders alike. But even the best stocks need a breather, and recent price action hints that now might be the time to shift gears. Don’t worry—this doesn’t mean giving up on AAPL. It’s about being smart,
OPEC+ announced on Sunday that it will delay the planned December voluntary output increase by one month. Last week there was a report that this was on the table so it’s not a big surprise. If anything, the oil market could be disappointed that it wasn’t extended for more than a month. I expect any
Written by , ETMarkets.com| Oct 31, 2024, 03:33:29 PM IST 1/12 Tiny Titans Monitoring the activities of large institutional investors can be beneficial, as they conduct extensive research. An ETMarkets study shows that foreign institutional investors (FIIs) have steadily increased their investments in 112 small-cap stocks over the last four quarters (December 2023 to September 2024).
Line-up of pumpkins in the Netherlands, on Oct. 27, 2024. Nurphoto | Nurphoto | Getty Images Inflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday. Economists polled by Reuters had forecast a headline figure of 1.9%. The September headline reading was revised down to
Amazon reported a much better-than-expected third quarter Thursday, with strong growth across online sales, its cloud business and advertising. Margin initiatives lead to soaring profits. Additionally, the fourth-quarter forecast was exactly what was needed to keep investors happy. Revenue increased 11% year over year to $158.88 billion, beating expectations for $157.2 billion, according to estimates