Dow industrial average has the strongest gain in Q1 The US stocks are closing mixed to end the 1st quarter. The NASDAQ index outperforms. The Dow industrial average fell modestly. For the quarter, the Dow industrial average had the best performance. The NASDAQ was the laggard. The Dow industrial average found sellers at the quarter
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Oil prices will stabilise above $60 a barrel level this year, as vaccine rollouts support a demand recovery and OPEC and its allies continue to rein in supply, a Reuters poll showed on Wednesday. The survey of 48 participants forecast Brent would average $63.12 per barrel in 2021, up from last month’s consensus of $59.07
Rising Treasury yields continue to weigh on gold. The Comex gold contract is on the way to record a second consecutive week of decline. Encouraging economic data and a less dovish Fed are the key factors pressuring the yellow metal. US economic data have been upbeat. Consumer confidence jumped +19.3 points to 109.7 in March,
In the U.S., a consumer that represents 70% of the economy is seen as key to a continued recovery, and confidence surged in March to its highest level since the pandemic began. cihatatceken | iStock | Getty Images Covid cases and variants are rising, but in the race between the vaccines and virus, chief financial
GBP/USD seesaws in a choppy range after easing from 1.3812. Bullish MACD, upbeat RSI and sustained trading beyond immediate horizontal support favor bulls. 100-SMA adds to the upside filters, March low offers extra challenge for bears. Having snapped a two-day losing streak the previous day, GBP/USD cools down to 1.3785, staying inside a 10-pip range,
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BEST SCALPING STRATEGY | Hedging Forex Strategy | 100% Win Rate Strategy | TESTED NOW _ Part 2 Today we are going to continue testing the so-called “100% Win Rate Forex Strategy” that we purchased previously from a Forex guru. The guru said mentioned that the no-loss strategy comes with a 100% win rate. The
Crypto exchange platform Crypto.com has reportedly led an $18.9 million private funding round for Enjin’s new NFT blockchain platform. Enjin announced the news on Wednesday with DFG Group, BlockTower and Arrington XRP Capital among other investors in the private sale. Dubbed “Efinity,” the platform is an NFT blockchain built on Polkadot that will reportedly offer
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 of your initial investment; do
EUR/USD climbs to a session high of 1.1735 There is some light pushing and pulling to start European morning trade as the dollar gives up its mild gains from earlier in Asian trading to sit a touch lower against most major currencies, except for the yen currently. That said, even USD/JPY has pared gains from
NEW DELHI: Gold prices declined by Rs 49 to Rs 43,925 per 10 gram in the national capital on Wednesday reflecting overnight selling in global precious metal prices, according to HDFC Securities. The precious metal had closed at Rs 43,974 per 10 gram in the previous trade. Silver also registered a fall of Rs 331
China’s official data suggest that the country’s economy recovered significantly in March. PMI readings for all of manufacturing, services and construction activities improved strongly. While seasonal factor (low base effect in February) played a role, the strong first quarter reading signals that economic recovery remains underway. Key risks are global vaccination progress and US-China trade
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation, which some claim is not getting enough attention from the Federal Reserve. Home prices nationally
USD/JPY gained traction for the fifth consecutive session on Wednesday. A modest USD pullback, the prevalent cautious mood capped the upside. The US macro data, Biden’s speech eyed for some trading opportunities. The USD/JPY pair held on to its modest intraday gains through the mid-European session and was last seen trading around the 110.65 region,
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 of your initial investment; do
AUD/USD back in focus AUD/USD found a bit of breathing room from the neckline of a closely-watched head-and-shoulders pattern yesterday. But today it gave it all back and is now threatening a break lower. Seasonally, April is a good month for AUD/USD, averaging a 1.24% gain over the past 20 years but that didn’t hold
NEW YORK: Oil prices slid on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week, where analysts expect an extension to supply curbs to offset disappointing demand prospects. Brent crude fell 31 cents, or 0.5%, at $64.67 a barrel by 11:11 a.m. (1511 GMT.) West Texas Intermediate
Dollar rides on renewed rally in US treasury yields and trades broadly higher today. The greenback’s strength is quite overwhelming for now. On the other hand, Yen and Swiss Franc are trading as the weakest ones, followed by commodity currencies. The stock markets are having little reactions so far, with European indices mildly in black