To use a Ukraine war analogy, if Silicon Valley Bank is Soledar, then First Republic Bank is Bahkmut. First Republic is in a similar line of business to Silicon Valley Bank and — as you can see — its shares have also plunged. But there’s been an intraday turnaround today in FRC of +80% in
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Gold price jumped Rs 395 to Rs 55,540 per 10 grams in the national capital on Friday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had ended at Rs 55,145 per 10 grams. Silver, however, declined Rs 115 to Rs 62,095 per kilogramme. “Spot gold prices in the
Investor sentiment is growing increasingly negative, as the steep selloff in US stocks carried over to the Asian session. Additionally, US 10-year yield is taking a significant plunge and is threatening 3.8 handle. Traders are bracing for more bearish developments, which could be sparked by today’s non-farm payroll report. Swiss Franc has surged broadly on
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil rose on Thursday after a two-day decline as a weaker U.S. dollar, strike-disrupted fuel supply in France and a drop in U.S. crude inventories offset fears over the economic impact of rising interest rates. TotalEnergies was unable to make deliveries from its French refineries on Thursday because of continued strike action a day after
Yen is gaining ground against its major counterparts today, as traders are probably lightening up short positions ahead of BoJ policy decision tomorrow. Sterling is also showing signs of strength. However, overall, market sentiment remains cautious, with Dollar retraces some of this week’s gains. The most significant upcoming events for the week are scheduled for
The major US stock indices are opening in the black after a mixed result yesterday. The Dow Industrial Average is leading the way today with a gain near 0.5%. The NASDAQ index is up 0.3%. The snapshot of the market six minutes in the open and showing: Dow Industrial Average of 162.19 points or 0.49%
Gold price fell Rs 80 to Rs 55,025 per 10 grams in the national capital on Thursday, according to HDFC Securities. The precious metal had closed at Rs 55,105 per 10 grams in the previous trade. Silver also plunged Rs 390 to Rs 61,955 per kilogramme. “Spot gold prices in the Delhi markets traded at
In the Asian session, forex markets are quiet with most pairs and crosses trading within yesterday’s range. Although Fed Chair Jerome Powell softened his hawkish tone slightly, noting that “no decision has been made” on the next rate move, the markets remain convinced of a 50bps rate hike later this month. Traders are holding off
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices traded lower on Wednesday, extending losses after U.S. government data pointed to weak demand, which exacerbated fears that more aggressive U.S. interest rate hikes would pressure economic growth. Brent crude futures were down $1.07 cents, or 1.3%, to $82.28 per barrel at 11:19 a.m. ET (16:19 GMT). U.S. West Texas Intermediate (WTI) crude
Dollar is currently taking a pause from its recent gains, with traders digesting the impact of Fed Chair Jerome Powell’s previous testimony. While Powell will appear again in front of Congress today, there shouldn’t be any more surprises. The market has also remained relatively unmoved by a stronger-than-expected ADP private job report, with many traders
Jolts lower but still elevated Prior month 11.012M JOLTs job openings 10.824M versus 10.5M estimate Hires 4.1% % vs 4.0% last month Quits 2.5% % vs 2.7% last month. Quits decreased to 3.9 million or -207,000. Quits decreased in professional business services at -22K Layoffs and discharges 1.1% vs 1.0% last month. In 2022 the
Gold price tumbled by Rs 615 to Rs 55,095 per 10 grams in the national capital on Wednesday amid a decline in rates of precious metal in the overseas markets, according to HDFC Securities. The yellow metal had closed at Rs 55,710 per 10 grams in the previous trade. Silver also plummeted Rs 2,285 to
In a surprising turn of events, the clear and direct hawkish message delivered by Fed Chair Jerome Powell has sent Dollar soaring and stocks tumbling overnight. The greenback maintained its solid gains during Asian session, and all eyes are now on Friday’s non-farm payroll report to see what the next move will be. While Canadian
Local media reports here in Australia on Perth Mint, the only mint in the world that has a government guarantee. Perth Mint is facing a potential $9 billion recall of gold bars. Media says its sighted documents, a leaked internal report, saying: began ‘doping’ (diluting) its gold in 2018 sold diluted bullion to China then
Gold and silver futures were trading positive on MCX in the early trade. The April gold futures were trading at Rs 55,912 per 10 grams around 9:45 am, up by Rs 191 or 0.34% from the Friday closing price, while May Silver futures were trading at Rs 64,805 per kg, higher by Rs 404 or
Dollar is gaining strength across the board as markets prepare for Fed Chair Jerome Powell’s semi-annual testimony in Congress. Powell’s views on the disinflationary process are expected to be a key focus, with traders also hoping for hints on the size of the upcoming rate hike and the outlook for the terminal rate. Quick update: