NEW DELHI: Gold and silver futures fell up to 0.5 per cent in Friday’s trade, despite the ECB pledge on bond buying and optimism over US stimulus. Gold futures for April delivery fell 0.32 per cent to Rs 44,737 per 10 grams. Silver futures for May delivery were trading at Rs 67,207 per kg, down
Sterling and commodity currencies are back in driving seat on positive market sentiments. Nikkei rises sharply in Asian session, following another record close in DOW overnight. Treasury yields also appear to have settled in range after this week’s central bank rhetorics. For now, Yen is the worst performing for the week, followed by Dollar. Aussie
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images The recent sharp rise in interest rates is now taking a toll on mortgage refinance demand, as the number of borrowers who could benefit shrinks. Applications to refinance
Rafael Henrique | LightRocket | Getty Images Poshmark‘s revenue topped analysts’ estimates, in its first financial report since going public in January. But the online seller of secondhand clothing issued a weaker-than-expected sales outlook for the current quarter. Poshmark’s stock tumbled more than 6% in after-hours trading. Founder and Chief Executive Manish Chandra said in
FX Strategists at UOB Group noted EUR/USD faces extra gains although a test of 1.2060 looks unlikely in the next weeks. Key Quotes 24-hour view: “We expected EUR to strengthen yesterday but we were of the view that ‘the strong resistance at 1.1980 is unlikely to come into the picture’. EUR held below 1.1980 until
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In this video, I will reveal everything you need to know about how to trade using trendlines What you’ll learn from this video: 1. How to actually draw them properly 2, How you can utilize trendlines to find high probability trade setups Trendlines are key levels that are formed in a trending market ,and the
Stay below 1.25865 now The USDCAD has been trading mostly between 1.25865 on the downside and 1.26976 on the topside over the last 10 or so trading days. Today, the pair crack below that level but found buyers initially near the swing low from March 4 and the price rebounded. That bounce extended above a lower swing area between 1.25865
The WI was trading at 2.29% at the time of the auction High yield 2.295%. Last 1.933% WI at time of auction 2.290% Tail 0.5 bp. Six month averages -0.2 basis points. Bid to cover 2.28X. Six month average 2.34X Dealers 19.21%. Six month average 21.6% Directs 20.2%. Six month averages 16.5% Indirects 60.6%. Six month average 61.9% Like
BlackRock Inc. just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund. Moreover, gold faces headwinds should the
While leaving the monetary policy measures unchanged, the ECB indicated that it would increase asset purchases in coming months. The move is a response to the rise of bond yields which could tighten the financial conditions. On economic developments, the central bank attributed the likely contraction in 1Q21 to high coronavirus infection rates, mutations and
Weekly jobless claims rose less than expected last week, but remained above pre-pandemic levels, as the U.S. economy tried to shake off impacts from Covid-19 and employers waited to see if President Joe Biden’s $1.9 trillion stimulus would become law. The Labor Department on Thursday reported that first-time filings for unemployment insurance in the week
EUR/USD is probing the upper 1.1900s as the US dollar comes under pressure. A dovish ECB meeting failed to deal any lasting damage to the euro. EUR/USD is currently probing fresh highs for the session in the 1.1980s, which incidentally are also weekly highs, with the pair having not struggled too much to break above
Yields are mixed but off highs The 10 year auction had a 1 bp tail but the other numbers were not all that bad. As a result, yields moved lower. The 10 year yield is down to 1.519%, down -0.7 bps on the day. The low reached 1.5039%, while the high reached 1.5647%. The 2
The daily case count is the highest since 23 January This reaffirms that the virus situation in Germany has reached a peak in terms of improvement in the past few weeks, as total active cases rise slightly to ~123,100. The 7-day incidence rate also creeps higher to 69.1 and that is a key figure to
March 11: Gold prices inched down after hitting a more than one-week peak on Thursday, as elevated U.S. Treasury yields continued to remain a headwind for the precious metal. FUNDAMENTALS * Spot gold was down 0.1% to $1,725.17 per ounce by 0043 GMT, after hitting its highest since March 3 at $1,727.65 earlier in the
As widely anticipated, the BOC left all monetary policy measures unchanged. While being more upbeat about the economic developments, the members noted that the policy rate will stay unchanged as least until inflation target of 2% is “sustainably” achieved. Meanwhile, they hinted of adjusting the size of asset purchases as the economy continues to improve.