Russia invasion of Ukraine remains the dominant theme in the markets today. Safe haven flow pushes gold to highest level in more than a year, marching towards 2k handle. WTI crude oil also surges pass 100 level, rising as it does in geopolitical tensions. In the currency markets, Yen and Dollar are overwhelmingly the strongest
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Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported, according to government data released Thursday. Initial filings for unemployment insurance totaled 232,000 for the week ended Feb. 19, the Labor Department said. That was a touch below the 235,000 Dow Jones
In this article BABA Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba on Thursday reported its slowest quarterly revenue growth since going public and missed expectations, but the Chinese e-commerce giant did beat on earnings. Here’s how Alibaba did in its fiscal third-quarter, versus Refinitiv
COIN stock is down 31.6% YTD. Coinbase is set to report Q4 earnings after the close on Thursday, February 24. Wall Street expects $2.25 in normalized EPS on $1.99 billion for the leading cryptocurrency exchange. Coinbase (COIN), the operator of the most prominent cryptocurrency exchange in the US, could not have picked a worse session to lay out its
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In a time of true uncertainty, gold is proving to be the ultimate store of value. It’s up $38 to $1945, which is the highest in a year. Technically, this is a break of a major consolidation pattern and it’s a clear break to the upside now, with the one-year high giving way. What does
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NEW DELHI: Gold prices spiked on Thursday, moving towards multi-month highs, as investors rushed towards safe-haven amid global geopolitical worries. Ukraine declared an emergency and the West imposed more sanctions on Russia for sending troops into eastern Ukraine, while Moscow bombarded Kyiv. Gold futures on MCX were trading higher by 1.53 per cent or Rs
Global markets sink as Russia finally launches invasion of Ukraine. Risk averse sentiment dominates, pushing gold and oil higher, while stocks and cryptocurrencies tumble. In the currency markets, Yen and Swiss Franc surge sharply on safe-haven flows, together with Dollar. On the other hand, Euro is under heavy selling pressure together with commodity currencies. Technically,
In this article EBAY eBay headquarters in San Jose, California, U.S., on Monday, Aug. 9, 2021. David Paul Morris | Bloomberg | Getty Images Shares of eBay slid as much as 11% in extended trading Wednesday after the online marketplace posted its fourth-quarter earnings and gave guidance for the first quarter that fell short of
Global crypto and stock markets plunged after Russian President Vladimir Putin announced on a national broadcast that his army would conduct a “special military operation” in Ukraine. As the sun began to rise in Ukraine, the Russian army launched missiles around several areas of the country, including the capital of Kiev and the city of
“In another indication that an invasion of Ukraine may be very close to taking place, Russian military leaders have gone to their command center, and cyberattacks are underway,” ABC News reports, citing a US official. “Gen. Mark Milley, Chairman of the Joint Chiefs of Staff, believes any invasion has to happen during the night,”
Nasdaq moves closer to the intraday low for 2022 The Nasdaq index is trading to a new session low of 13125.30.00. That is getting closer to the January 24th intraday swing low at 13094.65 (and low for 2022). A move below that level have traders targeting the May 2021 swing low of 13002.54. The current
Buy the dip has truly shifted to ‘sell the rip’ in US equities with the Fed poised to hike rates and the ongoing concern about Ukraine and inflation. Tech continues to lead the charge lower but the overall market is sagging badly. The S&P 500 is down 51 points, or 1.1%, to 4254. Baring a
New Delhi: Gold prices fell by Rs 126 to Rs 49,960 per 10 grams here on Wednesday amid a decline in international prices along with gains in the rupee, according to HDFC Securities. The yellow metal had closed at Rs 50,086 per 10 grams in the previous trade. Silver was almost flat on Wednesday at
The markets are generally trading in risk-on mode today. New Zealand Dollar is leading commodity currencies higher, with additional boost from hawkish RBNZ rate hike. Australian Dollar is following closely, then Canadian Dollar. on the other hand, Yen and Dollar are under some selling pressure. Euro and Sterling are mixed despite hawkish comments from ECB
In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that sales rose 5% and surpassed Wall Street’s estimates in the fiscal fourth quarter, as Americans bought, fixed up
USD/CAD came under intense selling pressure on Wednesday and dived to a fresh weekly low. The risk-on impulse weighed on the safe-haven USD and exerted downward pressure on the pair. Bulls seemed rather unimpressed by softer crude oil prices, which tend to undermine the loonie. The USD/CAD pair continued losing ground through the early North