After witnessing some profit booking in the previous trading session on hawkish FOMC meeting minutes, Gold April futures contracts opened higher at MCX on Thursday at Rs 86,487 per 10 grams, up by 0.67% or Rs 577, while silver March futures contracts were trading at Rs 96,903/kg, up by 0.52% or Rs 497. On Wednesday,
GBP/USD could struggle due to new tariff threats from US President Donald Trump. The latest FOMC Meeting Minutes emphasized needing more time to assess multiple factors before considering any rate adjustments. The British Pound struggled to gain traction despite a stronger-than-expected annual inflation rate. GBP/USD holds ground after registering losses in the previous two successive
The forex markets remain rather indecisive today. Traders are paring back expectations for BoE rate cuts after UK inflation surged to a 10-month high. A March rate cut is now off the table, and markets are no longer fully pricing in two BoE cuts this year. However, this shift has provided only minimal support for
U.S. President Donald Trump speaks next to Elon Musk and X Æ A-12, Musk’s son, in the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. Kevin Lamarque | Reuters Elon Musk said he’s going to touch base with President Donald Trump on a proposal to send Americans tax refund checks
The price of Palantir is trading down $-15 or -12% at $109.48 after Pres. Trump ordered the Pentagon to cut budget by 8%. The price of Palantir reached a new all-time high of $125.41 in trading today before rotating to the downside. You can argue that the software that Palantir provides might be what the
Gold held steady near a record high on Wednesday, with investors closely watching U.S. President Donald Trump’s tariff strategies that have intensified worries of a global trade war while awaiting the Federal Reserve‘s January meeting minutes. FUNDAMENTALS * Spot gold held steady at $2,932.35 an ounce, as of 0019 GMT, moving closer to a record
In this article ETSY Follow your favorite stocksCREATE FREE ACCOUNT An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy missed on revenue and gross merchandise sales for the fourth quarter, with the company citing “significant headwinds,” including a pullback in
The US Dollar (USD) continues to grind higher in relatively quiet trade. President Trump’s suggestion that he will probably introduce auto tariffs ‘in the neighbourhood’ of 25% (and similar for pharma and chip imports) on April 2 has weighed on global stock sentiment while also depressing fixed income, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
New Zealand Dollar initially weakened following RBNZ’s 50bps rate cut today, but quickly regained ground as Governor Adrian Orr indicated that the pace of easing will slow in the coming months. Orr suggested that the central bank is likely to implement just more 25bps cuts, in April and May, provided that economic conditions unfold as
USDCHF buyers defended key support near 0.8965 – 0.8974 last week, leading to a price stall and a subsequent rebound. Monday’s low also held near this area before a modest upside move, reinforcing its significance as a key support zone. Today, the pair broke above a higher swing area (0.8997 – 0.9011), with a corrective
Prior +2.5% Core CPI +3.7% vs +3.7% y/y expected Prior +3.2% The December report was plagued by a steep drop in prices for airfares, as noted at the time here. A strong rebound there is one of the causes for the hotter report in January. Besides that, the introduction of VAT on private school fees
Oil prices edged higher on Wednesday amid oil supply disruptions in the U.S. and Russia and as markets awaited clarity on the Ukraine peace talks. Brent crude futures gained 20 cents, or 0.3% at $76.04 a barrel at 0146 GMT, climbing for a third day. U.S. West Texas Intermediate crude futures for March rose 23
In this article HSBA-GB Follow your favorite stocksCREATE FREE ACCOUNT A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico June 14, 2024. Henry Romero | Reuters Europe’s largest lender HSBC on Wednesday announced a share buyback of up to $2 billion as its annual pre-tax profit
The Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) by 50 basis points (bps) from 4.25% to 3.75%, following the conclusion of the February policy meeting on Wednesday. The decision aligned with the market expectations. The RBNZ has cut the official cash rate by 175 bps since August 2024. Summary of the RBNZ Monetary Policy
Forex markets remained subdued today, with muted reactions to key economic data. Dollar held broadly higher as traders focused on the US-Russia peace talks, where both sides agreed to continue discussions on ending Russia’s invasion of Ukraine. However, meaningful progress is unlikely without direct involvement from Ukraine and European nations, keeping market uncertainty elevated. Canadian
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There were several reports over the long weekend suggesting that Intel could be split up and sold off. That has fresh traction with a report from Bloomberg that Silver Lake is near a deal for a stake in Intel’s Altera. Intel bought Altera in an all-cash deal in 2015 worth $16.7 billion. Currently, Intel’s market
Brent crude oil prices paused in early trading on Tuesday after gaining in the previous session following a drone attack on an oil pipeline pumping station in Russia that reduced flows from Kazakhstan. Brent crude futures ticked down 7 cents, or 0.09%, to $75.15 a barrel by 0137 GMT. U.S. West Texas Intermediate (WTI) crude