Domestic precious metal prices dropped on Wednesday tracking volatility in global markets ahead of the release of minutes of the US central bank’s last policy meeting. Profit booking was witnessed across commodities ahead of the key event, which may offer more clarity on interest rates in major economies, say analysts. The white metal suffered its
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Global equities are under selling pressure today with another round of rise in treasury yields. In particular, Germany 10-year yield jumped above -0.1% handle and hit the highest level since mid-2019. The development came after stronger than expected inflation reading from UK, which was later followed by Canada CPI. New Zealand Dollar and Australian Dollar
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York on April 18, 2021. Raychel Brightman | Newsday LLC | Newsday | Getty Images Sky-high home prices mean demand for ever bigger mortgages, but those prices may also be
In this article CSCO In this image released on May 2, 2021, from left, Cisco CEO Chuck Robbins and Chief Public Affairs, Communications and Sustainability Officer of Coca-Cola Company Bea Perez speak onstage during Global Citizen VAX LIVE: The Concert To Reunite The World at SoFi Stadium in Inglewood, California. Kevin Winter | Getty Images
GBP/USD Forecast: Sterling exits overbought conditions, ready to rally with some Fed fuel GBP/USD has been retreating as the US dollar gains some ground. Britain’s progress against the virus and the Fed’s dovishness could push it to higher ground. Wednesday’s four-hour chart shows that cable is out of overbought conditions. Using the previous resistance line as
Latest data released by Eurostat – 19 May 2021 Core CPI +0.7% vs +0.8% y/y prelim The preliminary release can be found here. No change to the headline estimate but the core reading is revised a touch lower, so that will at least continue to reaffirm the ECB’s take that actual inflation isn’t quite taking
Commodity currencies lag behind so far on the session The more defensive risk mood is helping to keep the dollar mildly firmer so far today, with the greenback notably posting an advance against commodity currencies. AUD/USD is down 0.5% to 0.7750 as sellers look to breach below its 100-hour moving average and take near-term control
NEW DELHI: Gold prices inched up on Wednesday, hovering near a four-month high on a weaker dollar, while investors awaited minutes from the US Federal Reserve’s last policy meeting as inflation worries persist. However, Indian markets bucked the global trends on the back of mixed cues. The US central bank has pledged to keep interest
Dollar’s decline slowed in Asian session today, but remains generally weak, in particular against European majors. Though, indecisive risk sentiment is somehow limiting upside in commodity currencies, with Canadian Dollar following oil prices lower today. There is prospect of more volatility in the markets today, with consumer inflation data from UK and Canada featured. FOMC
In this article HD Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot on Tuesday crushed Wall Street’s earnings estimates as consumers’ splurging on their homes lingers more than a year into
Eurozone inflation arrives at 1.6% YoY in April. Monthly CPI in the bloc rises by 0.6% in April. EUR/USD keeps its recovery mode intact around 1.2220 on the data. According to Eurostat’s final reading of the Eurozone CPI report for April, the consumer prices came in at 1.6% on a yearly basis, meeting the flash estimate of 1.6%
Blockchain-based streaming service Sator has developed a decentralized app that will enable users to earn NFTs, tokens and “other rewards” by watching TV and playing games. While details are sparse on the exact amount of rewards users can receive, according to the website, NFTs awarded will be directly tied to amount of shows watched, and
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Latest piece of research from Moody’s (rating agency) In Southern Europe, EU recovery funds will boost growth and cut debt, but long-term benefits are more uncertain Greece, Italy, Portugal and Spain to receive nearly half of all grants and loans in EU recovery fund Along with regular EU funding, the associated investment will lift growth,
Major indices down for the second consecutive day The US stocks all close near session lows. The major indices are closing lower for the second consecutive day. We have now seen three days down, two days up and the last two days lower in the major indices. A look at the final numbers shows: S&P index -35.54
LONDON: Most industrial metals prices rose on Tuesday as investors betting on a long period of low interest rates bought riskier assets, pushing global stock markets higher and dragging the dollar to its weakest since February. The weaker greenback helps dollar-priced metals by making them cheaper for buyers with other currencies. Benchmark copper on the