Snapping a three-day winning streak, gold prices on Friday slipped by Rs 263 to Rs 48,861 per 10 grams in the national capital, due to a weak trend in the international market, according to HDFC Securities. The precious yellow metal had closed at Rs 49,124 per 10 gm in the previous session. Silver prices also
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The FOMC meeting in the coming week will not bring any change in the monetary policy. Economic activities have moderated since the December meeting, while resurgence in the coronavirus cases could hurt economic activities more seriously than previously expected. Yet, roll-out of more fiscal stimulus and positive vaccination progress suggest that policymakers might keep the
The US just crossed 400,000 Biden is speaking from the White House about the pandemic and said there is little that can be done to change the trajectory of the pandemic. Lately the US has been clocking nearly 4000 deaths per day. At that pace, it will only be 50 more days until they hit
Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer. Brent crude futures fell 73 cents, or 1.3%, to $55.37 a barrel by 1501 GMT, after a 2 cent gain on Thursday.
Euro has surprisingly ended as the strongest one last week. While a rebound against Dollar was expected, the turnaround against commodity currency, in a risk-on week, was impressive. Though, as discussed below, the common currency still has a lot to prove. Sterling also overwhelmed New Zealand Dollar slightly and ended as second strongest. On the
Closing changes for the main markets: S&P 500 down 12 points to 3841 (-0.3%) DJIA -0.6% Nasdaq +0.1% Russell 2000 +1.2% That’s a strange dynamic. It was neither tech nor large caps leading but small caps managed to clock a big gain. On the week: S&P 500 +1.2% DJIA 0.0% Nasdaq +3.3% Russell 2000 +2.1%
The United States, which accounts for just 4 per cent of the global population, had 20 percent of all corona deaths was at the core focus as the country was hit by a second wave of the virus, resulting in much more deaths than the first wave. This was followed by the elections in the
Euro recovers mildly in early US session, after ECB said downside risks to the economic outlook are less pronounced. Though, it remains one of the worst performing for the week, together with Dollar, Yen and Swiss Franc. The greenback is clearly still under pressure for now, after worst than expected jobless claims data. Canadian Dollar
Forex news for New York trade on Markets: Gold down $15 to $1854 US 10-year yields down 2 bps to 1.85% S&P 500 down 12 points to 3841 WTI crude down $1 to $52.14 Euro leads, CAD lags The extremely strong manufacturing and services PMIs from Markit were a reminder that the US economy continues
Gold prices fell as much as 1.8% on Friday as a broader market sell-off weighed on the metal along with a firm dollar, while hopes for further stimulus from the U.S. kept bullion on track for its first weekly gain in three. Spot gold fell 1% to $1,851.50 per ounce by 10:10 a.m. EST (1510
Dollar rebounds broadly today following receding risk appetite. Investors are apparently paring their gains in stocks. Swiss Franc and Euro are the next strongest, followed by Yen. On the other hand, Australian Dollar and Sterling are the worst performing. In particular, the Pound was weighed down by sharp deterioration in manufacturing data. Over the week,
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By Ravindra RaoMCX Gold February futures failed to hold its gains after breaching the higher end of consolidation range Rs 48,600-49,700 and slid towards the support of Rs 49,250 (5 Day EMA). Meanwhile price is facing resistance of 21 day EMA (49,650), which could be the key level for the day. As mentioned in our
The forex markets are reversing some of this week moves today, as stock investors are also taking some profits ahead of the weekend. Euro is the better performing so far, followed by Swiss Franc, Dollar and Yen. Meanwhile, Sterling and commodity currencies are the weaker ones. As for the week, Dollar is the weakest together
Japan inflation data coming up today 2130 GMT New Zealand – BusinessNZ manufacturing PMI for December prior 55.3 2145 GMT NZ CPI – inflation in New Zealand for Q4 CPI expected 0.2% q/q, prior 0.7% CPI expected 1.1% y/y, prior 1.4% 2200 GMT Australia CBA / Markit preliminary PMIs for January Manufacturing prior 55.7 Services
Oil slipped on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related demand concerns, but United States stimulus hopes limited the price downturn. Brent crude futures fell 47 cents, or 0.8%, to $55.61 a barrel by 1030 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 43 cents, or
The ECB left its powder dry in January. While continuing to warn of the downside risks on the Eurozone and global economy, the central bank delivered a hawkish tweak about operation of the Pandemic Emergency Purchase Program (PEPP). On the monetary policy measures, the central bank left the size of PEPP at 1850B euro and
Latest data released by INSEE – 21 January 2021 Prior 91 Manufacturing confidence 98 Prior 93; revised to 94 Services confidence 91 Prior 90 French business morale improved slightly with services confidence keeping steadier while industrial confidence jumped, brushing aside all the recent virus pessimism. That’s an encouraging start to the year in terms of