NEW DELHI: Gold and silver futures prices in the domestic market traded with gains in the morning trade on Thursday, as low level buying pushed precious metals higher. Investors are awaiting any development on the stimulus front. While there is a buzz that the government may reduce duty on gold to raise demand in the
admin
The sharp turn in risk sentiments overnight pushed “safe-haven” currencies generally higher. Among them, Dollar is currently outperforming both Swiss Franc and Yen. On the other hand, Australian Dollar is leading other commodity currencies lower. Euro and Sterling are mixed, with the Pound having a slight upper hand. Technically, the movements are mainly centered around
A Federal Reserve police officer walks past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve kept its foot to the floor Wednesday in terms of the help it is providing for an economy that central bank officials say has slowed down. Consistent
People wear protective face masks outside McDonald’s in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 18, 2020 in New York City. Noam Galai | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell on Thursday. Here’s what
XAU/USD resting at critical support while the dollar losses some commitments at critical resistance. Can the greenback regain its footing in 2021? Gold is trading at $1,839, a touch lower on the day, travelling between $1,834.18 and $1,864.11 despite the US dollar’s slide in Europe and New York. The Federal Reserve’s decision which knocked risk appetite
US initial jobless claims 847K vs. 875K estimate Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Technical Analysis US initial jobless claims and continuing claims initial jobless claims 847K vs. 875K estimate. Prior month 900K revised higher to 914K four-week moving average 868K vs. 851.7 5K revised number from last
The squeeze might be over It’s a rush to the exits in shares of GameStop in what could be the end of a legendary market episode. I hate to see something like this end because of brokerages and regulators, rather than the natural moves in markets. As I often say though: There’s always another trade.
Oil steadied on Thursday after early declines fuelled by delays to vaccine rollouts and fresh travel curbs to prevent new coronavirus outbreaks. Brent crude futures were up 8 cents, or 0.1%, at $55.89 a barrel by 1331 GMT, having hit a session low of $55.31. U.S. West Texas Intermediate (WTI) crude futures were down 8
Overall, the financial markets are mixed as investor sentiment stabilized. European indices are already reversing initial losses while US futures point to higher open. Commodity currencies are staying generally weak. But buying focus is turning away from Dollar and Yen, to Euro. At the time of writing, the common currency is already the best performing
Some market pros see the frenzied short squeezes in Gamestop and other stocks as signs of a bubble brewing, but the Federal Reserve doesn’t seem to and for that reason investors expect asset prices could continue to rise. Fed Chairman Jerome Powell, at his post meeting briefing Wednesday, was asked about the potential of Fed
NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast is set to report fiscal fourth-quarter earnings before-the-bell on Thursday. Here are the key numbers Wall Street is expecting: Earnings per share: 48 cents expected, according to Refinitiv survey of analysts. Revenue: $26.78 billion expected, according to
PLEASE SUBSCRIBE FOR INVITATIONS TO OUR LIVE STREAMS I’ve been trading forex live since 2004. Watch me go through the technicals and fundamentals of currency trading live. Do you have a question? JUST ASK! Download my chart templates below… EUR, USD, BTC, XAU, WTI Instrumental Metal Music | Metal Compilation Vol.1 | Royalty-Free Forex Video
Live NY Session Hosted 6.30am EST Mon to Fri. Ask questions. Post charts and get feedback. This is for educational purposes ONLY. WATCH THIS BEFORE THE LIVE STREAM : RULES – https://youtu.be/nRWABDyt5DI Risk Management Webinar 21st Feb : https://bit.ly/35XfGNb Get a funded account. Affiliate link Funded Talent: https://www.fundingtalent.com/funding-talent/ref/207/ instagram : @wicksdontlie MT5/MT4/cTrader Risk management tool
CME Group’s flash data for crude oil futures markets noted traders increased their open interest positions for the sixth consecutive session on Wednesday, this time by almost 28K contracts. In the same line, volume reversed two daily pullbacks in a row and went up by around 253.2K contracts. WTI remains capped by $54.00 WTI’s price
The success of the GameStop short squeeze in pumping the price above $370— and the reaction from centralized authorities and markets to it — has highlighted the need for decentralized finance, according to some in the crypto industry. The stock, which was trading at less than $20 per share earlier this month, was deemed by
Some before and after The USD moved higher through the presser from Powell: EURUSD 1.2105 to 1.2100 GBPUSD 1.3704 to 1.3680 USDJPY 104.13 to 104.19 USDCHF 0.8889 to 0.89 2 AUDUSD 0.7675 to 0.7656 NZDUSD 0.7176 to 0.7160. The USD remains the strongest and the AUD remains weakest US stocks moved lower: S&P index -78.14 to -98.96 NASDAQ -238 to -369 points Dow -492 points to -596 points In the US debt
The hunt is on for the next big short squeeze trade on r/wallstreetbets and elsewhere Maybe some of the tech analysis folks can weigh in with thoughts, not just on the XAG price chart but on option interest/charts? WSB murmuring about $25 to $1,000 …. Something to keep an eye on For bank trade ideas,