Gold October futures contracts at MCX opened flat on Friday at Rs 70,353 per 10 grams, which is up by 0.31% or Rs 217 while silver September futures contracts were trading higher at Rs 82,000/kg, up by 2.42% or Rs 1,939. On Thursday, gold and silver settled on a positive note in the international markets.
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Walmart logo is seen at store in Miami, United States on May 2, 2024. Jakub Porzycki | Nurphoto | Getty Images Walmart will report quarterly earnings on Thursday, as investors and economists seek clarity about the health of American households and the outlook for the
GBP/JPY edges lower as the economic growth in Japan raises bets of a further rate hike by the BoJ. The risk-sensitive GBP receives support from the improved risk sentiment following US Retail Sales. UK Retail Sales are expected to increase by 0.5% and 1.4% for MoM and YoY for July, respectively. GBP/JPY breaks its four-day
Australian Dollar strengthened during Asian session today, buoyed by stronger-than-expected employment growth data. This positive surprise offered some support to Aussie, though gains were limited, failing to push the currency above yesterday’s high. The labor market report, which showed a modest increase in unemployment rate, suggests some loosening in employment conditions. While this development might
USD/JPY daily USD/JPY soared after stronger US retail sales but stalled right at a key level. It rose to 149.32, just two pips shy of the 38.2% retracement of the swan dive from 161.80 to 141.67. It’s stalled there and backed off to 148.96. The Fibonnaci level is a classic barrier in a bounce from
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Oil prices edged lower in early Asian trading on Friday, but the market’s benchmarks were set for a second consecutive weekly gain after upbeat U.S. economic data eased investor worries about a potential recession in the top oil consuming nation. Brent crude futures fell 16 cents, or 0.2%, to $80.88 per barrel by 0024 GMT.
Consumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported Thursday. Advanced retail sales accelerated 1% on the month, according to numbers that are adjusted for seasonality but not inflation. Economists surveyed by Dow Jones had been looking for a 0.3% increase. June
In this article EAT Follow your favorite stocksCREATE FREE ACCOUNT Chili’s Grill & Bar and restaurant entrance in Orlando, FL. Jeff Greenberg | Universal Images Group | Getty Images An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili’s same-store sales climb nearly 15% in its latest quarter. But Kevin Hochman, CEO of
The Mexican Peso reclaimed higher ground against the US Dollar on Thursday. The Greenback sold off after Retail Sales surged in the US. Markets still see a September Fed rate cut, but strong Retail Sales shed slowdown fears. The Mexican Peso (MXN) climbed three-quarters of a percent against the US Dollar (USD) on Thursday after
The US markets reacted positively today to stronger-than-expected retail sales data, which posted its fastest growth in a year and a half. Additionally, better-than-expected jobless claims numbers helped alleviate concerns about weaknesses in the employment market. The robust rally in US futures, along with rising yields and a stronger Dollar, suggests that traders have temporarily
Fundamental Overview The Nasdaq has been on a steady rise ever since the last week’s US Jobless Claims as the data quelled the fears around the labour market following the weak NFP report. The “growth scare” triggered by the ugly ISM Manufacturing PMI and the weak NFP report looks to be behind us for now.
The currency market is in a tug-of-war today. The US dollar is getting help from rising Treasury yields but is under pressure from improving risk appetite. That’s created a bifurcation trade as USD/JPY holds onto its gains while the US dollar gives back post-data gains against the pound and commodity currencies. GBP/USD dropped on better
Oil prices rose on Thursday, recovering some of the previous day’s loss, on hopes of potential U.S. interest rate cuts boosting economic activity and fuel demand, though lingering concerns over slower global demand capped gains. Brent crude futures climbed 17 cents, or 0.2%, to $79.93 a barrel by 0029 GMT. U.S. West Texas Intermediate crude
Improved outlook A guided tour in the center of in York, UK, on Friday, June 7, 2024. Bloomberg | Bloomberg | Getty Images The U.K. economy grew by 0.6% in the second quarter of the year, the Office for National Statistics said Thursday, continuing the country’s cautious recession rebound. The reading was in line with
In this article BABA BABA Follow your favorite stocksCREATE FREE ACCOUNT Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its
Gold prices rose in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 22,001.03 Pakistani Rupees (PKR) per gram, up compared with the PKR 21,951.61 it cost on Wednesday. The price for Gold increased to PKR 256,617.70 per tola from PKR 256,039.30 per tola a day earlier. Unit measure
New Zealand Dollar plunged today after RBNZ unexpectedly cut interest rates by 25bps, marking the first reduction in this easing cycle. This move came much earlier than the market’s anticipation of a rate cut in October or November. The selloff gained further momentum after RBNZ Governor Adrian Orr disclosed that a 50bps cut had been