“India’s economy seeing a faster return to normal, with COVID-19 curve flattening,” the Barclays Research Team said in a note released Thursday. Additional takeaways Raises FY22 growth forecast for India to 8.5% from 7.0% Expect recent improvement in India manufacturing to broaden to services sector early next year. See better trajectory for recovery of consumption
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100 day MA stalls support. 100/200 hour MA stall rise. Something has to give….. The AUDJPY fell to the lowest level since last Monday’s trade and in the process tested it’s 100 day MA at 75.656. The subsequent rise too the price close to the falling 100 hour MA and 200 hour MA at 76.149
US treasury auctions off 27 billion year bonds high yield 1.422% vs. WI 1.413% bid to cover 2.27x vs. six-month average of 2.44x dealers 23.49% vs. six-month average of 23.2% directs 15.3% vs. six-month average of 14.2% Indirects 61.2% vs. six-month average of 62.6% overall the tail of nearly 1 basis point and the light bid to cover suggests there was some light interest in the
As the coronavirus pandemic continues to push more people out of their offices, many companies across the globe are adopting decentralized ledger technology to mitigate its effects and remain operational. Emmanuelle Ganne, senior analyst at the World Trade Organization, told Cointelegraph that “The current pandemic, which has a devastating impact on small businesses, is an
Gold prices fell Rs 357 to Rs 50,253 per 10 gram in the national capital on Wednesday on rupee appreciation and muted demand by investors, according to HDFC Securities. The yellow metal had closed at Rs 50,610 per 10 gram in the previous trade. Silver prices also declined Rs 532 to Rs 62,639 per kilogram
Dollar and Euro are both trading mildly lower in a relatively subdued, consolidative markets today. Yen and Kiwi are, on the other the stronger ones. There is no clear sing of range breakout yet. Pfizer provided another piece of upbeat news on coronavirus vaccines. The final results from late-stage trial has completed with 95% effectiveness.
Atlanta Federal Reserve President Raphael Bostic said the central bank is prepared to step in with more policy help if needed to help businesses and people get through what could be some tough months ahead. Even with the prospects of at least two vaccines becoming available in the coming months, Bostic said there are multiple
People wearing masks avoid social distancing as they wait in line to enter Target in Herald Square amid the coronavirus pandemic on May 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Target is set to report its third-quarter earnings on Wednesday before the bell. Here’s what Wall Street is expecting in the
GBP/USD’s four-day rally hits resistance at 1.3315. Pound appreciates on hopes of an imminent Brexit deal. GBP/USD might reach 1.3474/1.3514 – Credit Suisse. The sterling appreciated for the fourth consecutive day on Wednesday, fuelled by higher hopes of a trade deal with the EU. The pair, however, was rejected at 1.3315, for the second time
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Major indices all closed lower The good and bad for the stock market day is that the small-cap Russell 2000 closed at record levels for the 3rd consecutive day. The not so great news is that the major indices all closed lower on the day and snapped today winning streaks. Dow on track for best
Another 305 deaths reported, the deadliest day since 16 April The good news is that the pace of increase in the case count has sort of “plateaued” but active cases across the country aren’t really coming down all too much. There are still more than ~272,000 active cases in Germany despite a drop of 800
Gold prices on Tuesday rose by Rs 11 to Rs 50,841 per 10 gram in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 11, or 0.02 per cent, at Rs 50,841 per 10 gram in a business turnover
As suggested in the CFTC Commitments of Traders report in the week ended November 10, USD Index futures drifted to NET SHORT of 1 128 contracts. Speculative long positions increased +1 177 contracts and short positions gained +3 046 contracts. Concerning European currencies, NET LENGTH in EUR futures fell -5 062 contracts to 135 287.
A customer wears a protective mask while unloading purchases off a cart outside a Home Depot Inc. store in Reston, Virginia, on Thursday, May 21, 2020. Andew Harrer | Bloomberg | Getty Images Home Depot is set to report third-quarter earnings on Tuesday before the market opens as the retailer rides a wave of increased
EUR/USD regains poise, tracking risk recovery in stocks. Hopes for swift vaccine-led global economic recovery overshadow rising coronavirus cases. Dips remain well supported by expectations for additional Fed easing. EUR/USD has reversed early losses, with the risk assets regaining poise despite rising odds of coronavirus-induced lockdown restrictions in major economies. Bounces from 1.1850 The pair is