Crude oil is trading above and below the 50% midpoint The price of WTI crude oil futures are settling at $96.44. That is down $6.57 or -6.38%. The low for the day reached $93.53. The high was around $9 higher at $102.58. Looking at the hourly chart above, the price today fell below the 50%
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Prices in India, the world’s biggest consumer after China, have rallied in the past month in line with the overseas markets as investors sought safe havens following Russia’s invasion of Ukraine. The country imports almost all the bullion it consumes and costs are rising as the Indian currency trades near a record low. “Buyers have
Euro and Sterling are the relatively stronger ones today, but gains are so far limited. The rallies are still capped by the war uncertainties. Economic data is not really playing a role here, considering the UK job data was solid while German economic sentiment plunged. Meanwhile, Canadian Dollar and Swiss Franc are the softest ones,
Forecasters have raised their outlooks for a recession and boosted their inflation projection as the Federal Reserve faces the quandary of fast-rising prices and greater uncertainty from Russia’s invasion of Ukraine, according to the latest CNBC Fed Survey. The probability of a recession in the U.S. was raised to 33% in the next 12 months,
What you need to take care of on Wednesday, March 16: The dollar started the day on the back foot but managed to recover the ground lost during US trading hours. The EUR/USD pair is trading at around 1.0940, while GBP/USD changes hands at 1.3035. President Vladimir Putin said Kyiv is not serious about finding
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Over the past week, long-term holders of Bitcoin increased their spending to a level that suggests de-risking from the market, but hodling remains the predominant investing strategy. Uncertain macroeconomic headwinds are likely to have precipitated the increase in the sell-offs last week by long-term holders and shaken some short-term holders out of their positions according
The NASDAQ index had another tumble with the index falling -2.04% and closing below the February low at 12587. The price closed the day at 12581.23. NASDAQ index closed below its February low Looking at the major indices, the Dow industrial average squeaked out a small gain of 1.05 point (at least it was a
This is with regards to the quasi-state of emergency measures that is in place until 21 March. The omicron outbreak in Japan has appeared to move past its peak already so this is an understandable decision. It will only be a matter of time before Japan opens up and transitions to the endemic phase. ADVERTISEMENT
NEW DELHI: Gold prices dropped on Tuesday, nearing their weekly lows as the US Treasury yields spike ahead of an expected rate hike from Federal Reserve on Wednesday. Peace talks between Russia and Ukraine also dampened the bullion’s appeal. Russian and Ukrainian delegations held a fourth round of talks on Monday. Gold futures on MCX
Sentiment is mixed overall as Russia invasion of Ukraine is continuing. Asia is split into two world, with Nikkei and Singapore markets steady. But Hong Kong and China stock markets are in steep selloff again, after US warned China of helping Russia of easing the impact of sanction. The upbeat Chinese data are generally ignored.
In recent weeks, the Swedish krona has suffered strongly from the increased risk aversion in the wake of the Ukraine conflict. Once the war events subside, the SEK should be able to correct the losses. However, as long as the Riksbank maintains its ultra-expansionary stance, the krona will not be able to make any additional
AUDUSD moves below its 100 day MA The AUDUSD moved lower into the North American session but found support buyers against its 100 day moving average (and 61.8% retracement of the move up from the February 24 low). After spending six or so hours with buyers leaning against that key moving average, it was eventually
Saudi Arabia has to be wondering if what happened to Russia can happen to it. The Kingdom has been an ally of the US and was the first place Donald Trump visited but Bin-Salman was undoubtedly ratteld by the Jamal Khashoggi fallout and watching the social media pressure heaped to do more on Russia after
New Delhi: Gold on Monday declined by Rs 362 to Rs 52,443 per 10 grams in the national capital in line with its weak international prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 52,805 per 10 grams. Silver also tumbled Rs 612 to Rs 69,665 per kg from
European stocks are recovering mildly as Ukraine is going to have another round of talks. But overall sentiment is vulnerable is Russia continues massive shelling and there is no sign of a real stop in its invasion. In the currency markets, Yen’s broad based decline continues today, but Aussie is the weakest, partly weighed down
The sterling fails to regain 1.3100, remains near mid-term lows. Pound recovery falters despite BoE rate hike expectations. GBP/USD decline could extend to 1.2500 – ScotiaBank. The pound sterling remains slightly positive on Monday, buoyed by a moderate risk appetite although its rebound from lows near 1.3000 has been capped below 1.3075. Cable remains bearish at
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