NEW DELHI: Gold prices pulled back after a nearly 3 per cent rise in the previous session, snapping a rally that took it near the August 2020 all-time highs. The yellow metal witnessed selling on easing worries over the Russia-Ukraine conflict with signs of a possible diplomatic solution. Gold futures on MCX were trading lower
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Yen and Swiss Franc are both under selling pressure following the strong rebound in global stock markets. While it’s too early to conclude that risk appetite has returned from the shadow of Russia invasion of Ukraine, at least, the initial shock seemed to be digested well already. Euro is staging a strong rebound as traders
Palladium remains pressured around intraday low after dropping the most in nine months. MACD signals join bearish breakout of triangle to keep sellers hopeful. Bulls need clear break above $3,210 to retake controls. Palladium (XPD/USD) bears keep reins around $2,970, down 0.17% intraday heading into Thursday’s European session. That said, precious metal dropped the most
EURJPY runs back higher The EURJPY has seen a strong bounce over the last few days, that came after a stronger move to the downside last week that saw the pair move below the December 2021 low at 127.348. That level was the lowest level since February 2021. The fall below took the price all
USDCAD backs off from 1.2900 The USDCAD raced up over the previous 4 trading days moving from a low on the daily chart between the 200 and 100 day MAs at 1.2586 and moving up a high of 1.2900 yesterday. The high price yesterday tested a swing area between 1.2877 and 1.2996. The price extended
Prior was -2597K Gasoline -1400K vs -2105K expected Distillates -5200K vs -1914K expected Cushing -585K vs -972K prior API data released late yesterday: Crude +2811K Gasoline -1988K Distillates -5485K Cushing -367K Gasoline demand is up 7.5% from a year ago and inventories in the US SPR were down by 2.5 million barrels week over week.
Bank of America Global Research discusses the EUR outlook around tomorrow’s ECB March policy meeting. “Stagflation is a clear and present danger for the Eurozone economy. With the market still pricing positive ECB rates next year, we do not see the ECB pushing for more this week, given high uncertainty. High inflation also prevents the
London nickel prices more than doubled on Tuesday to cross the $100,000-a-tonne level for the first time ever, as tension in eastern Europe showed no signs of cooling and growing sanctions against Russia fuelled fears of a disruption in supply. Three-month nickel on the London Metal Exchange soared 66.5% to $80,025 a tonne by 0635
nickel traded on the London Metal Exchange Monday, with a 90% jump that went as high as $55,000 a metric ton before closing at $48,078. Things went even wilder on Tuesday, rising as high as $100,000 — nearly quadruple the price last Friday. That sounds dramatic, but it’s unlikely that you’d notice the ripple effects
Sentiment is mixed in Asia with heavy selling seen in stock markets of Hong Kong and China, while Nikkei and Singapore Strait Times are recovering. US President Joe Biden announced to impose an immediate ban on imports of Russian Energy. Commercial big names like McDonald’s, Coca-Cola, and Pepsi also finally joined to halt businesses in
Risk sentiment seemed to have improved drastically today. There are talks that both Russia and Ukraine are softening their tone, which might give an exit for Russia abandoning the invasion eventually. Germany DAX is leading major European indexes higher with more than 5% rebound. US futures also point to higher open. Both gold and oil
In this article DKS Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported profits and sales growth in its holiday quarter that topped analysts’ estimates, as the company laps massive gains from the prior year
In this article SFIX The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares tumbled in extended trading Tuesday
Easing Ukraine-Russia tensions weighed on XAUUSD demand. Gold Price corrected extreme overbought conditions, but bulls defend the downside. European indexes trade in the green, supporting Wall Street’s futures. Gold Price is slowly recovering its shine, battling to recover the $2,000 level. The bright metal plummeted to $1,975.67 a troy ounce ahead of the US opening,
Silver’s appetite decreased as investors sought higher returns on an upbeat market mood. US Treasury yields rise, a headwind for the white metal. XAG/USD Technical Outlook: Still upward biased, despite the correction to the $25.60 area. Silver (XAG/USD) retreats from eight-month-old highs near the $27.00 mark due to market players’ increase of risk appetite, spurred
The UAE is set to encourage fellow OPEC nations to increase oil production levels given that the Russian invasion of Ukraine has pushed crude oil prices to their highest level in more than ten years, a senior official said on Wednesday, according to the Financial Times. In a statement to the UK financial journal, Yousef al-Otaiba, the
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