Sideways trading through the statement Early US dollar strength has moderated in the lead-up to the FOMC decision, with the euro and pound bouncing back. Gold has finally found a floor at $1760 after the earlier agressive selling. The S&P 500 is down 6 points. Many eyes are on the front end of the Treasury
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New Delhi: Gold price in the national capital on Wednesday tumbled by Rs 375 to Rs 46,411 per 10 grams amid a decline in the international prices of precious metals as well as rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,786 per 10 gram. Silver
A company advertises a help wanted sign on April 09, 2021 in Pawtucket, Rhode Island. Spencer Platt | Getty Images Private sector job creation popped higher in October thanks to a burst in hiring in the hospitality sector, payroll processing firm ADP reported Wednesday. Companies added 571,000 for the month, beating the 395,000 Dow Jones
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images CVS Health on Wednesday beat expectations for fiscal third-quarter earnings as the company got a boost from filling more prescriptions and giving more Covid-19 vaccines. Despite
GBP/USD is the joint best performing G10 currency on Wednesday alongside NZD. However, FX markets are mostly in wait-and-see mode ahead of the Fed meeting. GBP/USD is at present trading back to the north of the 1.3650 level, having bounced from Asia Pacific session lows close to 1.3600. With the pair higher by about 0.3%
Secondary sales volume for Solana (SOL) based nonfungible tokens (NFTs) has reached almost $500 million since the start of August. According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Nov. 2, with the average sale per NFT tallying in at
Overall markets are quite mixed for now. While US indexes surged to new record highs overnight, positive sentiment was not carried forward to Asia. Major pairs and crosses are also stuck in range. It seems that traders and investors have turned into cautious mode, awaiting Fed’s tapering decision. For now, Euro and Swiss Franc are
Russell 2000 sets the first intraday high since March A quadruple record close for the major indices. In addition to the Dow S&P and NASDAQ posting a record closes, the Russell 2000 index also joined the party with its own new all-time high. NASDAQ recorded its fourth straight record close Dow industrial average closed at a record
The FOMC meeting is the key focus in the day ahead As such, one can expect quieter tones to prevail in the run up to that and in the European morning session ahead. As for what to expect from the Fed, I outlined some thoughts earlier in the week as per below: I believe this
NEW DELHI: Gold and silver prices declined on Wednesday following the trend in the international markets and ahead of the crucial US Federal Reserve policy meeting outcome. The Fed is expected to announce its stimulus tapering timeline at 1400 GMT on Wednesday. It is likely to begin paring its monthly asset purchases by $15 billion
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters This week, the Federal Reserve is widely expected to announce the unwinding of its monthly bond-buying program –
In this article FRSH In this photo illustration a Freshworks Inc logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of customer service and support software maker Freshworks fell more than 15% in extended trading on Tuesday after releasing quarterly results for the first time following
AUD/USD stays range-bound following the biggest daily slump in five months. Rising wedge confirmation, steady declines below 0.7460 support convergence keep sellers hopeful. Short-term horizontal support area, 200-SMA put a floor under the prices amid oversold RSI. AUD/USD consolidates the RBA-led big slump within an 18-pip trading range, picking up bids near 0.7438 heading into
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Yen extended rebound in European session following the sharp fall in benchmark Germany yield. But struggling to extend gain as markets enter into US session. Overall markets are mixed as investors are probably turning cautious ahead tomorrow’s FOMC policy decision. As for today, Aussie remains the worst performing one after post RBA selloff, followed by
Russell 2000 threatens a breakout One of the best charts out there right now is the Russell 2000 index of US small(er) caps. It’s been consolidating for nearly a year now in a narrow range. That’s after it made a big move up after the pandemic and then another leg higher on the reflation trade.
Odd fixing time this week The London fix this week hits right at noon in New York because the UK changes clocks a week before NY. That might have left the market a bit thinner, especially ahead of the Fed tomorrow. In any case, the commotion currencies are getting hit hard today, especially the antipodeans.