Gold prices have dropped by Rs 2,900 in just 10 days to Rs 71,065 per 10 grams from a lifetime high of Rs 73,958 as investors shrugged off geopolitical worries related to the Middle East conflict. Gold prices on MCX for June futures contracts rose by Rs 36 to trade at Rs 71,065 per 10
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Dollar is making a modest recovery in early US session, supported by slightly better-than-expected durable goods orders and recovery in benchmark Treasury yields. However, the overarching direction of the greenback for the near term remains uncertain, largely dependent on shifting risk sentiments. Current stock futures are showing mixed opening, leaving investors watching closely to see
A logo at the Roche Holding AG headquarters in Basel, Switzerland, on Thursday, Feb. 1, 2024. Bloomberg | Getty Images Swiss pharmaceutical company Roche on Wednesday reported a modest uptick in first-quarter sales, even as waning demand for its Covid-19 products continued to weigh on the company. Sales were up 2% at constant exchange rates,
AUD/JPY gains ground due to the stronger-than-expected Australian consumer inflation data. The ASX 200 Index appreciates, primarily fueled by advancements in technology and healthcare stocks. The Japanese Yen faces challenges as the yield gap widens between Japan and other major countries. AUD/JPY extends its winning streak for the third successive day after paring intraday losses
The USDCAD has followed the USD lower and in the process is now stretching to a key cluster of support defined by: A swing area between 1.3654 and 1.3668 204 moving average on the four hour chart at 1.3665 50% midpoint of the April trading range at 1.36612 That cluster between 1.36541 and 1.3668 is
AUD has jumped on the higher than expected inflation figures. The results are also just above RBA forecasts, This is a nail in the coffin of 2024 rate cuts from the Reserve Bank of Australia. Hiher than expected headline and core (trimmed mean) inflation data from Australia for the January – March quarter: You’ll note
Oil prices steadied in Asian trading on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Global benchmark Brent crude oil futures traded 4 cents higher at $87.39 a barrel by 0153 GMT, and U.S. West Texas Intermediate crude futures also gained 4
Australian Dollar trades broadly higher today, lifted partly by resurgence in risk sentiment, as well as robust PMI data reflecting the cyclical recovery in Australian economy. Improvement in the economic outlook reduces the immediate need of a rate cut by RBA. Judo Bank, who complied the PMI data, warned about the possibility for another rate
Shares of Danaher popped more than 7% on Tuesday after the life sciences company delivered beats across its three main businesses — a sign the long-awaited turnaround in the biotech industry is finally here. Revenue for the period ended March 29 declined 4% organically year over year to nearly $5.8 billion in total sales, outpacing
1, The FTSE outlook The FTSE 100 had been a wall flower of the stock market during the Q1 market rally; however, it’s fighting back, and has finally made a fresh record high. The FTSE 100 is up by 0.1% so far on Tuesday, but it has made a fresh record high, the second consecutive high
The USDCHF price action is not doing much today. The price has been moving up and down and in the process, the price has been trading above and below the 100 and 200 hour MAs . However, in more recent trading in the US session, the 100-hour MA at 0.9112 has held support. Can the
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
Amid a decline in safe-haven buying due to reduced geopolitical tensions, gold prices on MCX for June futures fell by Rs 656 or 0.92% to trade at Rs 70,541 per 10 grams while MCX May silver contracts dipped by Rs 710 or 0.9% to Rs 79,869 per kg. Gold prices extended their fall following the
Sterling and Euro rebound broadly today, bolstered by encouraging PMI data that suggests continued recovery momentum in both UK and Eurozone. For the Pound, the latest PMI readings indicate that UK’s recovery from last year’s recession is gathering pace. Meanwhile, rising cost pressures, particularly in the services sector, are heightening concerns about the sustainability of
In this article PEP Follow your favorite stocksCREATE FREE ACCOUNT Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City. Michael M. Santiago | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, despite a recall
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that the Japanese central bank doesn’t have any preset idea on the timing, or pace of future rate hikes, adding that future monetary policy guidance will depend on economy, price, market development at the time, per Reuters. Key quotes “Don’t have any preset idea on timing, pace of
GBP/USD daily Cable carved out a range from roughly 1.25-1.28 from December to early March in what was a slog of a market as we all weighed whether the BOE would keep its hawkish stance and the Fed would signal rate cuts. For a brief moment in March, it looked like the pair would break
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