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
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US Treasury 10-year yields (%) daily chart The bounce in yields is what is arguably leading the rest of the broader market moves in the last few sessions. 10-year yields are holding at the key technical juncture, maintaining a bounce off its 200-day moving average (green line). In turn, that is helping the dollar to
With fast-growing industries of solar panels and electric vehicles driving the demand for silver, the price of the industrial metal is seen surging to Rs 1 lakh a kg in the next one year and up to Rs 92,000 per kg within the next 3 months. “Silver being an industrial metal, may benefit from upside
Yen’s selloff resumed after brief recovery yesterday and continued to weaken throughout Asian session. Markets largely ignored comments from former BoJ chief economist Toshitaka Sekine, who suggested the next rate hike could happen as soon as in June. The general understanding is that BoJ will at least wait for Q2 data to confirm if Q1
In this article UAA Follow your favorite stocksCREATE FREE ACCOUNT Under Armour clothing is seen for sale in a store in Manhattan, New York City, February 7, 2022. Andrew Kelly | Reuters Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted
Gold slips 0.24%, influenced by rising US Treasury yields, firm US Dollar. Mixed US economic data includes higher jobless claims and mixed housing data. Fed officials highlight ongoing inflation challenges and steady monetary policy stance. Gold prices fell in the mid-North American session on Thursday, below $2,390, as US Treasury yields recovered and underpinned the
In the kickstart video today (CLICK HERE), I spoke to the corrective move lower in the EURUSD and what needed to happen to either give the sellers more control, or keep the buyers in control. More specifically, I spoke to the 5-minute chart below, showed how the 100/200 bar MAs were holding resistance once broken
Markets: S&P 500 down 11 points to 5297 after hitting record Dow Jones Industrial Average hits 40,000 for the first time WTI crude oil up 66-cents to $79.30 US 10-year yields up 2 bps to 4.38% Gold down $8 to $2378 USD leads, CHF lags It’s tough to find anything to hang the price action
Silver soared by Rs 1,800 to hit a fresh record high of Rs 88,000 per kg on Thursday, while gold prices jumped Rs 650 to Rs 74,050 per 10 grams in line with strong global trends. According to HDFC Securities, rising for the second straight session, silver prices surged Rs 1,800 to hit its lifetime
The strong rally in US stocks seen yesterday appears to lack follow-through momentum, with futures indicating a flat open today. The benchmark 10-year yield is fluctuating within a tight range, and Dollar is broadly recovering as selling momentum wanes. The strong increase in import prices serves as a reminder that, although disinflation in the US
Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday. “We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe. And simultaneously, we are
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 key moments. The Dow on Thursday topped 40,000 for the first time ever. The S & P 500 and the Nasdaq also hit record highs for the second session in a row —
NZD/USD pulls back from a two-month high of 0.6140 marked on Thursday. Technical analysis suggests a confirmation of the bullish trend for the pair. The pair could find the key resistance at the major level of 0.6150. NZD/USD retreats from a two-month high of 0.6140, trading around 0.6110 during the European session on Thursday. The