As hopes for rate cut get delayed and tensions in the Middle East seem to intensify, gold prices on MCX for June futures contracts rose by Rs 208 or 0.29% to trade at Rs 70,876 per 10 grams while MCX July silver contracts were up by Rs 742 or 0.92% to Rs 81,785 per kg.
Yen weakens broadly in Asian session, albeit in a subdued market environment due to Japan’s holiday. Despite this, the selloff in the Japanese currency remains relatively contained, with traders vigilant of market intervention by Japan. While 160 level against Dollar is currently considered a floor for Yen, uncertainty persists regarding Japan’s desired exchange rate, which
Block Inc logo is seen displayed in this illustration taken, April 10, 2023. Dado Ruvic | Reuters Block reported first-quarter earnings after the bell that exceeded analysts’ estimates. The stock rose 10% in extended trading. Here’s how the company did, compared to analysts’ consensus from LSEG. Earnings per share: 85 cents adjusted vs. 72 cents
Crude oil The price of crude oil is trading a session most going into the settlement. The price just reached $78.21. That’s down $0.74 on the day. Looking at the daily chart, the price is moving to new lows for the week and new lows going back to March 13. It is also getting closer
UPCOMING EVENTS: Monday: China Caixin Services PMI, Eurozone PPI, Fed SLOOS. Tuesday: RBA Policy Decision, Switzerland Unemployment Rate, Eurozone Retail Sales. Thursday: Japan Average Cash Earnings, BoJ Summary of Opinions, BoE Policy Decision, US Jobless Claims. Friday: New Zealand Manufacturing PMI, UK GDP, Canada Jobs report, US University of Michigan Consumer Sentiment survey, Tuesday The
Spot gold closed $2 down at $2301 in a highly volatile market Friday. US nonfarm payroll and ISM services data fell short of forecast; however, inflationary pressure continues to build up. The metal was down around 1.50% on the week. The US yields retreated on dismal US data. The ten-year US yields were down 1.95%
The daily indicators hint at a strengthening bullish momentum. Hourly indicators are consolidating after hitting overbought conditions earlier in the session. If the buyers regain the 100-day SMA, the bearish trend will be threatened. At the end of the week, the NZD/USD rallied to around 0.6050, up by 0.80%. Bullish momentum is picking up but
People walk in the rain over London Bridge in central London. Picture date: Tuesday March 12, 2024. Lucy North – Pa Images | Pa Images | Getty Images The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the
In this article AMGN Follow your favorite stocksCREATE FREE ACCOUNT The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023. Mario Tama | Getty Images Amgen on Thursday said it will stop developing its experimental weight loss pill and instead move forward with its injectable drug and other products
May is normally the strongest month for crude oil but it certainly hasn’t started out that way. WTI crude fell another 57-cents today to bring the weekly decline to $5.50 in five straight days of selling. The weekly chart is set to post the lowest close since the week ending March 8 while the daily
Most of the large cap stocks have now announced their earnings with Apple being the latest. Nevertheless, the biggest one of all (at least in this cycle) is ahead with Nvidia still on the calendar to announce, but not until May 22nd. Although most of the large influencers are now done, what are the some
Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction from last month’s stellar rally as investors booked profits while geopolitical risks eased. Spot gold fell 0.1% to $2,300.38 per ounce as of 1:45 p.m. ET (1745 GMT), and logged its second consecutive weekly fall. U.S. gold futures settled
US Nonfarm Payrolls report from April underperformed, showing a lower-than-expected increase. The odds of a rate cut in September increased, which seems to be applying pressure on the USD. The US Dollar Index (DXY) is visiting the 105 level with sharp losses at the end of the trading week. This comes after Friday’s report of
A Turkish national flag, left, and a flag bearing the portrait of Kemal Ataturk, founder of the modern Turkish republic, hang from the exterior of a building in the Sisli district of Istanbul, Turkey, on Monday, Aug. 29, 2022. Bloomberg | Bloomberg | Getty Images Turkey’s inflation accelerated to 69.8% annually for the month of
A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters Coinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. The stock was trading about 4% lower in extended trading. Here’s how the company did, compared to analysts’
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Mon: UK Bank Holiday; EZ Final Composite & Services PMIs (Apr), Sentix (May) Producer Prices (Mar). Tue: RBA Announcement, EIA STEO; Swiss Unemployment (Apr), German Trade Balance (Mar), EZ Construction PMI (Apr). Wed: Norges Bank H1 Financial Stability Report, Riksbank Announcement, BCB Announcement; German Industrial Output (Mar), Italian Retail Sales (Mar). Thu: BoE Announcement &
Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed weak U.S. jobs data and possible timing of a Federal Reserve interest rate cut. Brent crude futures for July settled 71 cents lower, or 0.85%, to $82.96 a barrel. U.S. West Texas Intermediate crude for June fell