New Delhi: Gold price in the national capital on Wednesday declined by Rs 216 to Rs 47,010 per 10 gram in tandem with decline in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 47,226 per 10 gram. Silver also tanked Rs 179 to Rs 61,348
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Gold came under renewed bearish pressure on Wednesday. 10-year US Treasury bond yield is testing 1.5%. Next near-term technical support is located at $1,790. Gold closed in the negative territory after jumping to its highest level in more than a month at $1,820 on Tuesday and seems to be having a hard time shaking off
Risk-on sentiment is somewhat taking a breather as S&P closed slightly lower after making new high. But Yen remains overwhelmingly the worst performing one for the week, followed by Kiwi and then Euro. On the other hand, Sterling is currently the strongest one together with Swiss Franc, thanks additional to Euro’s weakness. Aussie is firm
Let’s cut right to the chase. With the Fed set to hike rates next year, Treasury yields are staying supportive for the time being – more so on the short-end of the curve. But the question is, how much of those rate hikes have already been factored into the equation? Fed fund futures have already
The Dow industrial is the only major indice to close higher today. However, it fell just short of closing at a record level of 36432.23. The S&P index, which closed at a record level yesterday, moved to a new intraday high, but closed lower on the day. Dow has been up for 5 consecutive days
NEW DELHI: Gold prices traded flat with a negative bias on Wednesday as a boost from weaker US Treasury yields countered the impact from a slight improvement in risk sentiment. Analysts said that gold trading is likely to remain thin and range-bound this week, whereas rising cases of Omicron variant may add to bullion’s appeal.
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US inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, stayed steady around the highest levels since December 08, at 2.50%, per the FRED website. The firmer inflation expectations keep fears of the Fed’s early rate hike on the table, which in turn weigh on the
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Australian Dollar rides on solid risk-on sentiment and rallies broadly today. US futures point to higher open while S&P 500 would extend record run. Swiss Franc is surprisingly firm too but it’s helped by selloff against Euro, together with Sterling. Dollar is currently the worst performing, together with Canadian and Yen while Euro is not
> Richmond Fed December composite index +16 vs +11 prior USD Survey of Richmond-area manufacturers Adam Button Tuesday, 28/12/2021 | 14:59 GMT-0 28/12/2021 | 14:59 GMT-0 Prior was +11 (revised to +12) Manufacturing shipments +12 vs +4 prior Services index +12 vs +8 prior New orders +17 vs +7 prior Backlog of orders +26 vs
USDCHF below the 100 week MA. Bearish below. The USDCHF has seen a recovery to the upside in 2021 (flow out of the safety of the CHF and rise of the USD), but the gains have been somewhat limited, and the year is looking to end with a more bearish bias technically on the longer
New Delhi: Gold price in the national capital on Tuesday gained Rs 80 to Rs 47,233 per 10 gram in line with recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 47,153 per 10 gram. Silver also jumped Rs 580 to Rs 61,266 per
USD/CAD staged a modest recovery from a near two-month-old ascending channel support. Bullish crude oil prices might underpin the loonie and cap any meaningful gains for the pair. A convincing break below the 1.2770-65 area will set the stage for a further near-term slide. The USD/CAD pair staged a goodish bounce from a one-and-half-week low
Yen is trading broadly lower this week, and remain soft in Asian session, following the rally in US stocks overnight. Dollar is also weak in risk-on markets, while Euro is not far away. On the other hand, Sterling is so far the strongest one, followed by Aussie. The economic calendar is very light in the
The yen was a notable laggard in trading yesterday amid thinner market conditions. It comes as risk trades rallied with stocks carrying over the Santa Claus rally post-Christmas. The S&P 500 hit fresh record highs and is now nearing 4,800. The unbridled optimism has also seen AUD/JPY erase its omicron losses while USD/JPY is closing
USDJPY trended higher in 2021 The year 2021 for the USDJPY can be characterized as a trend like move higher. The USDJPY pair had it’s low for the year on January 6th (the first week of the trading year) at 102.586. The high for the year (with a few days left to go) peaked at