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
Month: January 2025
Oil prices extended their gains on Friday after closing at their highest in more than two months in the previous session on hopes governments across the world may increase policy support to revive economic growth that would lift fuel demand. Brent crude futures rose 16 cents, or 0.2%, to $76.09 a barrel by 0132 GMT
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty Images Rivian Automotive’s 2024 vehicle production and deliveries were in line with the company’s previously announced expectations. The electric vehicle maker on Friday
EUR/USD finds interim support near 1.0220; however, more downside looks likely. The Fed is expected to cut interest rates two times this year. Investors await the US ISM Manufacturing PMI and the German HICP data for December. EUR/USD finds temporary support in Friday’s North American session after diving to near 1.0220 on Thursday, the lowest level
European currencies remain on the defensive as the new trading year unfolds, with Euro struggling near its lowest level against Dollar since 2022 and Sterling hovering close to a nine-month low. Dollar, while firm, is holding steady in narrow ranges against Yen and commodity-linked currencies, with traders awaiting fresh signals from today’s ISM Manufacturing PMI.
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 February futures contracts at MCX opened flat on Friday at Rs 77,900/10 gram, which is up by 0.24% or Rs 183 while silver March futures contracts were trading at Rs 89,399/kg, up by 0.25% or Rs 226. Gold prices increased by Rs 1,356/10 grams in this week so far while silver prices went up
EUR/USD fell 0.8% on the first trading day of the new year. Bearish sentiment looms large over the battered Euro. Rate differential set to widen further, analysts expect parity in 2025. EUR/USD took another leg lower to kick off the 2025 trading season, falling eight-tenths of one percent and tapping the 1.0250 level for the
Sterling to leads declines among European currencies, with its selloff accelerating as US markets open. Downward revisions to December’s PMI manufacturing data reaffirm the grim economic outlook for both Eurozone and UK. While these revisions offered no new surprises, they underline the widespread challenges confronting major European economies. Weak growth remains a shared concern for
Axios reports that US President Biden was presented with options for a potential attack on Iran’s nuclear facilities if Tehran moves towards a nuclear weapon before Jan 20. The meeting took place ‘several weeks ago’ and Biden “did not green light a strike during the meeting and has not done so since, the sources said.”
Gold and silver markets are riding a wave of volatility, and to make sense of it all, Naveen Mathur, Director of Commodities & Currencies at Anand Rathi Share & Stock Brokers, breaks down the trends shaping bullion and currencies, while offering a glimpse into what lies ahead. 2024: A strong year for bullion Gold and
USD/CAD climbs above 1.4400 as the US Dollar refreshes two-year high. The Fed is expected to follow a moderate rate-cut cycle this year. Investors await the US ISM Manufacturing PMI data for December. The USD/CAD pair rises to near 1.4420 in Thursday’s European session. The Loonie pair gains as the US Dollar (USD) dominates its
As global markets return from the New Year holiday, trading remains subdued with light activity expected until next week when full operations resume. Today’s focus will be on Eurozone and UK PMI manufacturing finals alongside US jobless claims, while tomorrow’s US ISM Manufacturing Index could provide an early glimpse of potential volatility ahead. However, the
Prior 43.0 No change to the initial estimate with the reading being a 3-month low. The same goes for the output index, which closes the year at 41.7 and down from 43.1 in November. This just stresses on the narrative that the German manufacturing sector is still in recession territory with little optimism in sight.
Gold February futures contracts at MCX opened flat on Thursday at Rs 77,017/10 gram, which is up by 0.16% or Rs 124 while silver March futures contracts opened higher by 0.85% or Rs 742 at Rs 88,320/kg. Gold prices increased approximately by Rs 500/10 grams in this week so far while silver prices surged by
AUD/USD flat lines near 0.6185 in Thursday’s early Asian session. A slower pace of the Fed rate cut might lift the USD against the Aussie. A falling Chinese Yuan has led the Aussie to multi-year lows. The AUD/USD pair trades on a flat note around 0.6185 during the early Asian session on Thursday. However, the
A horrific act of violence has shaken the heart of New Orleans, leaving a trail of unimaginable grief and sorrow. A man deliberately drove his car into a crowd, transforming a scene of normalcy into one of chaos and terror. At least 10 lives were tragically cut short, leaving families shattered and a community in
Gold February futures contracts at MCX opened flat on Tuesday at Rs 76,303/10 gram, which is up by 0.06% or Rs 43 while silver March futures contracts were trading at Rs 87,361/kg, down by 0.19% or Rs 170. Gold prices have tumbled by Rs 800/10 grams in the month of December so far while silver