Gold prices slipped on Monday, snapping a four-session rally as the dollar firmed, while market participants awaited key U.S. economic data for clues on the Federal Reserve’s monetary policy outlook. FUNDAMENTALS * Spot gold fell 0.7% to $2,633.86 per ounce, as of 0047 GMT. U.S. gold futures edged 0.9% lower to $2,656.40. * The dollar
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Silver posts a 1.33% gain on Friday, yet records a weekly loss of 2.30%. Technical outlook neutral with a potential bullish pivot if Silver clears $31.00 resistance. Downward risk persists if Silver falls below $30.35, targeting next support at $30.00. Silver price advanced on Friday and finished the session with gains of over 1.33%, yet
Fundamental Overview Gold continues to find support around some key technical levels as in the bigger picture it remains in a bullish trend amid the Fed’s easing cycle. The corrections will likely be triggered by the repricing in rate cuts expectations. The next big event for Gold will be the US CPI report due in
UPCOMING EVENTS: Monday: Australia Retail Sales, China Caixin Manufacturing PMI, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Unemployment Rate, Canada Manufacturing PMI, US ISM Manufacturing PMI, Fed’s Waller. Tuesday: Switzerland CPI, US Job Openings. Wednesday: Australia Q3 GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, US ISM Services PMI, Fed Chair
Praj Industries Ltd has achieved a new all-time high, marking a significant milestone with one of its strongest closings in the past 52 weeks. The bulls showcased their dominance, overcoming intraday selling pressure to close with a robust positive candle. The formation of a strong green-bodied candle reflects heightened buying interest, further reinforced by increased
Mexican Peso appreciates 0.59% against US Dollar, poised for strong weekly performance. Banxico minutes suggest potential for 50 bps rate cut in December, boosting Peso’s outlook. President Sheinbaum optimistic about averting Trump’s proposed 25% tariffs, bolstering MXN stability. The Mexican Peso appreciated against the US Dollar during the North American session as the Greenback extended
Fundamental Overview We continue to see a pullback in the US Dollar as the market kind of reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of
This is actually a really nice picture Trump has been blasting away on Truth Social. First off, Trudeau flew down to Mar-a-Lago to meet with him and they’re smiling in the picture. The tweet (or whatever you call it) is mostly upbeat. Separately, Trump went on a rant about BRICS countries and not using the
Gold traded flat on Friday and was poised for a weekly decline as markets awaited key U.S. economic data, which are expected to shape the Federal Reserve’s monetary policy outlook and influence bullion demand. FUNDAMENTALS * Spot gold fell 0.1% to $2,637.71 per ounce, as of 0006 GMT. Bullion was down nearly 3% so far
In this article DKS Follow your favorite stocksCREATE FREE ACCOUNT The Dick’s Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty Images Dick’s Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an “excellent” back-to-school shopping
Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses. Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold’s safe-haven appeal. Market optimism grows for a 25 bps Fed rate cut in December, bolstering Bullion’s short-term prospects. Gold’s price advanced late during the North American session on Friday,
Fundamental Overview The Russell 2000 has been outperforming the other major indices recently as there’s much more value compared to the S&P 500 or the Nasdaq. The market is now looking forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market
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 prices rose above Rs 76,000 per 10 grams on Friday, driven by a slight dip in the US dollar and increasing geopolitical tensions. However, the yellow metal remained on track for a weekly decline as investors awaited key US data for further clarity on the Federal Reserve’s monetary policy. The December gold futures were
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City. Spencer Platt | Getty Images Best Buy on Tuesday cut its full-year sales forecast and missed Wall Street’s quarterly revenue expectations, as early holiday shopping and
GBP/USD Price Forecast: Clings to daily gains below 1.2700 The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. Read More… Pound Sterling gives up gains against USD as 20-day EMA limits upside
Fundamental Overview The S&P 500 is slowly crawling back to the all-time high. The market continues to look forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market was the rise in Treasury yields. That’s generally bearish only when the Fed
Canada GDP q/q The headline from today’s Canadian GDP report is that growth declined on a per-capita basis for the sixth consecutive quarter. In addition, monthly GDP data showed just 0.1% m/m growth in September and October. CIBC writes: “While growth in the Canadian economy slowed to a crawl in Q3, that was broadly anticipated
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