The USDCAD has now retraced the earlier gains in trading today. The price is now down testing a swing area between 1.3604 and 1.3615. A move below that level will have traders looking toward the 38.2% retracement of the move up from the December 2024 low to the high price reached in April. That level
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Tracking subdued global market cues gold prices on MCX for June futures contracts fell by Rs 96 or 0.13% to trade at Rs 72,884 per 10 grams on Friday. Meanwhile, MCX July silver contracts fell by Rs 145 or 0.17% to Rs 87,155 per kg. Traders reconsidered interest rates following Federal Reserve comments about the
Risk-on sentiment dominated global financial markets last week, with investors buoyed by US inflation report that alleviated fears of another interest rate hike by Fed. The DOW defied gravity and surged to a new record high above the 40k mark, while S&P 500 and NASDAQ also set new records. Commodities mirrored this strong performance, with
In this article SNBR HD W WHR POOL Follow your favorite stocksCREATE FREE ACCOUNT Ordini’s Best Fiberglass Pools contractors work to install a pool, which the company says have dramatically increased in sales due to COVID-19 fears, in Gilbertsville, Pennsylvania, April 26, 2021. Rachel Wisniewski | Reuters Americans are kicking the can down the road
All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. It was another bad news is good news week for Wall Street, with both weaker-than-expected reports pointing to further disinflation — which is key to any hopes of the Federal Reserve cutting interest rates in
The British Pound registers gains of 0.21% against the US Dollar, although higher US Treasury yields failed to underpin the Greenback. At the time of writing, the GBP/USD pair trades at 1.2703 after bouncing off a daily low of 1.2644. Read More… The Pound Sterling (GBP) turns sideways in Friday’s American session after posting a fresh monthly high at
The USD has reversed back to the downside versus the major currencies. In this updated technical look, I outline how the technicals have helped to reverse the markets, and in some cases reverse the gains turning the buys back to the downside for the greenback, and for others, move to the target support/resistance. In this
The GBP is ending the US session as the strongest of the major currencies today. The CHF is the weakest. The USD is ending the day mixed with gains versus the JPY and CHF and losses vs the GBP, AUD and NZD. The USD was near unchanged on the day vs the EUR and CAD
Extending the record-breaking run to the second day in a row, silver prices hit lifetime high level of Rs 89,000 in the local market on Friday, even as gold prices fell Rs 150 to Rs 73,900 per 10 grams in line with firm trends in the overseas markets. According to HDFC Securities, silver prices jumped
Shoppers line up to enter a Cartier store, a unit of Cie. Financiere Richemont SA, on Canton Road in the Tsim Sha Tsui area of Hong Kong. Billy H.C. Kwok | Bloomberg | Getty Images Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after the company reported record full-year sales, even
The Greenback lost further ground and dropped to multi-week lows on the back of rising expectations of interest rate cuts by the Fed, a view that was further reinforced by lower US CPI data in April The Greenback remained on the back foot and dragged the USD Index (DXY) to the 104.00 zone amidst an
The USDCHF moved lower with the USD selling earlier today, and in the process moved down to test the 200 hour moving average at 0.90653. Support buyers leaned against the level and pushed the price back higher. The pair is trading between the 100/200 bar MAs on the topside at 0.9091 (and a swing area
The major US stock indices pushed higher into the close and it seems the Dow closed not only at a record level, but also closed above 40K for the first time. The Dow is the least favored of the major indices, but it is the one that gets America excited. Headlines of Dow 40K means
Gold prices were on track for a second consecutive weekly gain on Friday due to improved interest rate cut expectations, providing support to silver which broke through the $30 milestone and hit an 11-year high. Spot gold rose 0.9% to $2,396.81 per ounce by 1304 GMT. Bullion prices are up 1.5% so far this week
Dollar is gradually recovering from the selloff triggered by US CPI data release earlier in the week. However, the recovery momentum remains indecisive. US stock markets, after a record run, are taking a breather, but bullish sentiment still appears dominant. The stock rally might resume if DOW convincingly breaks the 40k mark, which could again
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks were flat on Friday, a session after the Dow hit above the 40,000 mark for the first time. The Nasdaq Composite and S & P 500 also notched
AUD/JPY inches lower after the release of mixed Chinese data on Friday. China’s Retail Sales rose for the successive 15th month but the softest gain in this sequence. Former BOJ chief economist Toshitaka Sekine suggested the central bank could raise the rate three times in 2024. AUD/JPY hovers around 103.70 during the European trading hours