NEW DELHI: Gold and silver futures gained on Wednesday as US Treasury yields held close to one-week low, with bullion shrugging off strength in the dollar following Federal Reserve Chairman Jerome Powell’s reassurance that inflation would not spiral out of control. Treasury yields slipped to the lowest since March 16, while the dollar jumped above
Crude oil prices have extended the selloff for a third consecutive week. While the demand/supply fundamentals have changed little, the major reason for the decline is the broadly-based risk aversion driven by rising yields. International Energy Agency (IEA)’s report refuting prospect of a commodity supercycle has also triggered the profit-taking selloff. Rising Yield Environment Hurts
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Sales of newly built homes fell more than expected in February, as builders faced higher costs and persistent delays, and, consequently, raised
Tiffany Hagler-Geard | Bloomberg | Getty Images Investors are finally getting a look at GameStop‘s fundamentals following a Reddit-fueled trading frenzy earlier this year. Here’s what the company did after the bell Tuesday. It released quarterly results that missed Wall Street’s estimates. In its latest executive shake-up, the company named former Amazon and Google executive
Bitcoin’s (BTC) upcoming March 26 options expiry might become the largest ever, with $6.1 billion open interest on the line. With less than 4 days ahead of the settlement date, pro investors will have already set up strategies for the next month. Bitcoin price at Coinbase, USD. Source: TradingView As BTC price has already surged
In his latest press appearance, US President Joe Biden tried to restore investor confidence by conveying the government’s ability to send 100 million stimulus checks to the American nationals, as a part of the covid relief, by the end of Wednesday (per US time). The Democratic Party member also said, “The US will have 600m
Dow falls -300 points The S&P index and NASDAQ gave back most if not all of the gains yesterday. NASDAQ index closed lower for the 1st time in 3 sessions NASDAQ nearly gave back all the gains from yesterday. The index rose 162 points yesterday and fell about 150 points today S&P index gave back all the gains from
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 of your initial investment; do
Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields, ahead of testimony from Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen. Spot gold fell 0.7% to $1,727.46 per ounce by 11:31 A.M EDT (1531 GMT). U.S. gold futures fell 0.7% to $1,725.90 per ounce. “We
Yen buying accelerates today as selloff in commodity currencies intensified. New Zealand Dollar is trading as the worst, by some distance, followed by Aussie. Canadian Dollar is dragged down by decline in oil prices, while Sterling is also pressured after poor job data. On the other hand, Dollar is following Yen as the second strongest,
The Federal Reserve has taken another step forward in efforts to ensure that the financial system is protected against climate risks. As the central bank turns its attention increasingly toward the matter, the Fed has created a Financial Stability Climate Committee and a Supervision Climate Committee. The panels will focus on “the potential for complex
Watch as I document AGAIN our extremely POWERFUL new Renko trading system by actually trading it LIVE in front of you. This is a video compilation of more of my trades taken this week in the NY session and in our LIVE Student Rooms from start to finish. I even show losing trades in my
Learn to trade: https://bitraged.thinkific.com/courses/trading Sign-up for Notion and get $10 free credit (NOTE: I do NOT get anything from this. I already have invited too many friends.): https://tinyurl.com/yyodcd7f In this video I explain why I use Notion and how to setup your Notion account as a Forex trading journal or for backtesting so you can
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Bitcoin’s (BTC) price has seen massive gains in recent months as the price of Bitcoin accelerated from $11,000 to nearly $62,000. However, such impressive rallies also include relatively calm periods of price action. These periods are consolidative and are needed for the market to find a new floor. In bull markets, bullish continuation is likely
NYSE:PLTR gained 1.42% to close the trading week on a positive note. Palantir CEO Alex Karp stirs up Wall Street with some controversial takes. Palantir continues to trade under the guise of a meme stock, but it may be a sleeping giant. Update March 23: Palantir Technologies (NYSE: PLTR) have closed Monday’s session with a
NZD/USD falls by 100 pips on the day to 0.7060 Invest in yourself. See our forex education hub. As much as the NZ government announcing curbs to ease housing prices may what kicked things off, it isn’t quite nearly a major risk trigger for the kiwi in my view. However, the chart is more telling
Japan announces no change after the February downgrade The government maintained that overall conditions are improving from a severely low base but there are areas in which the economy is still showing relative weakness – consumer spending – weak after the state of emergency. There was a downgrade to the view on exports but upgrades