NEW DELHI: Silver prices rose by Rs 310 to Rs 66,438 per kg in futures trade on Tuesday as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 310, or 0.47 per cent, to Rs 66,438 per kg in 9,365 lots. Analysts said
Dollar trades mildly lower entering into US session, after US FDA and CDC recommend pause of J&J COVID-19 vaccines on blood clot issue. DOW futures also turn south and point to slightly lower open. Meanwhile, UK Prime Minister Boris Johnson also warned that the fall in infections was due to lockdown, but not vaccinations. At
Consumer prices shot higher in March, given a boost both by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday. The consumer price index rose 0.6% from the previous month but 2.6% from the same period a year
A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Nvidia stock rose over 6% on Monday after announcing several new products and telling investors that it expected its first-quarter income to be higher than previously expected. Nvidia said revenue in its fiscal first
Finally, the Nasdaq catches up with the broader market indices and posts a new record high. At the time of writing the Nasdaq is trading at 13,946 breaking the previous high of 13,879 from way back on February 16! Nasdaq technical levels Once the market broke and stayed above the upper channel resistance at 13,319 a
Via a spokesman for China’s Customs Bureau says the high comparison base will bring challenges to trade growth in Q2 of this year USD denominated exports +30.6% y/y in March imports +38.1% y/y Yuan denominated exports +20.7% y/y imports +20.7% y/y — That big jump in imports is likely an indication of improving domestic demand,
Holds gains on the day, but in a neutral area The GBPUSD opened the NY session with strong gains that took the price above its 100 hour MA. However, for most of the NY session, the price corrected lower, falling back below the 100 hour MA currently at 1.3748. On the way, the pair fell
NEW YORK: Oil prices rose nearly 2% on Monday on optimism over the pace of coronavirus vaccinations in the United States and after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites. Crude prices have remained rangebound in the past three weeks, as growing expectations of surging US economic activity are balanced
Dollar and Yen trade slightly higher on mild risk-off sentiment in Asia. Australian and Canadian Dollar are the weaker ones for the time being. But overall, most major pairs and crosses are stuck in range. Except that, some extra strengthen is seen in Kiwi against Aussie. Kiwi could be ready for a ride ahead of
While the number of Americans struggling to put food on the table and pay bills fell last month, new data shows that millions are still feeling the financial effects of the Covid-19 pandemic. The third round of stimulus payments started to hit bank accounts on March 12, so it’s not surprising that the number of
In the view of the analysts at Goldman Sachs, USD/JPY is likely to drop amid a rebound expected in the yen and Fed rate hike bets pushed back. Key quotes “In the medium-term USD/JPY may rise, due to boosts from the vaccine surge in growth and inflation.” “But then heads lower as aggressive Fed hike
Grid trading has become very popular amongst forex traders because it does not use stops, is highly mechanical, has no reliance on direction, uses the natural wavy nature of the market, does not require indicators or charts to trade and can be easily automated. On the downside it can appear complex and illogical initially, it
In this video, you will understand how to read market structure and how to use it to trade forex consistently. We will use the chart of EURAUD as an example to explain the concept MENTORSHIP PROGRAM : Front Page FREE TELEGRAM: https://t.me/transparentfx INSTAGRAM: https://www.instagram.com/transparent_forex/?hl=it TRADINGVIEW: https://www.tradingview.com/u/transparent-fx/
Zigzag Trading Strategy + Moving Average Trading Strategy – Forex Scalping Strategy | Expert Advisor In today’s video, we will learn how to use the Zigzag trading strategy and the moving average with the help of an expert advisor, this strategy could be used in Forex, Stock, and commodity market. We have previously learned and
Bloomberg Intelligence senior commodity strategist Mike McGlone equated the current consolidation in Bitcoin (BTC) price to that of a “caged bull, well-rested to escape.” When compared with the rallies a year after the previous two Bitcoin halvings in 2012 and 2016, the strategist called the current price action “tame.’ According to McGlone, Bitcoin is “still
Look at this chart from India From the outset of the pandemic, one of the great fears is that covid would take hold in a crowded, impoverished place like India. The country has done a remarkable job of containing it so far but that appears to have changed with the new variants. That is a
S&P and Dow industrial average closed at record on Friday The major indices are opening with modest declines across the board after the gains on Friday. Both the S&P and Dow industrial average closed at record levels to end the trading week. A snapshot of the markets currently shows: S&P index -1.62 points or -0.04%
NEW DELHI: Copper futures on Monday slipped 0.92 per cent to Rs 683.50 per kg as participants cut their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 6.35, or 0.92 per cent, to Rs 683.50 per kg in a business turnover of