The incoming head of one of the world’s largest development banks says it must become faster and more efficient in order to finance priorities such as the climate transition and Ukraine rebuild. Nadia Calviño, Spain’s finance minister and deputy prime minister, was appointed head of the European Investment Bank Friday — in what has been touted
Share: Gold price remains under some selling pressure for the second successive day on Monday. Reduced bets for a March Fed rate cut move and a modest USD uptick weigh on the metal. Geopolitical risks could help limit further losses ahead of this week’s key data/event risks. Gold price (XAU/USD) fell over 1.5% intraday and
Indicators: NQ technical analysis for 11 Dec 2023 Nasdaq technical analysis for the short term, 11 Dec 2023: The NASDAQ 100 E-mini Futures hourly chart shows a rising wedge pattern, which is a bearish reversal pattern. The price is making higher highs and lower lows, but the RSI is not confirming the upward move. This
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold steadied on Monday after a sharp decline in the previous session, as investors looked forward to several major central bank meetings and U.S. inflation data release this week for further direction. FUNDAMENTALS * Spot gold was up 0.1% at $2,005.85 per ounce as of 0038 GMT, after dropping about 3.3% last week in its
Released over the weekend, China’s economic data revealed a concerning trend as CPI plunged further into negative territory in November, marking the country’s deepest deflationary period in three years. CPI fell to -0.5% yoy, a notable decline from -0.2% yoy in the previous month and falling short of the expected -0.2% yoy. This deflationary reading
LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report. British think tanks the Institute For Public Policy Research and Common Wealth said in a report Thursday that big firms made inflation “peak higher and
Share: The DXY Index rose above the 20-day SMA towards 104.05 and will close a 0.75% winning week. US NFPs from November accelerated, as did Average Hourly Earnings. The Unemployment Rate declined. US is set to report CPI inflation next Tuesday. The US Dollar (USD) continued to command the financial markets as it soared to the
The major US stock indices have turned back into negative territory after extending higher after the favorable inflation and growth numbers from the University of Michigan sentiment survey. For the Dow Industrial Average it traded as high asup 144.6 points. It is currently trading down 10 points or -0.03% at 36107. The S&P index traded
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
In a transformative shift in investment patterns, digital gold is rapidly gaining prominence in India, marking a departure from traditional approaches to gold ownership. At a nascent stage, digital gold currently constitutes 3% of the country’s total annual consumption, but its trajectory suggests a promising future. This surge is particularly pronounced among millennials who are
Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China’s Shanghai, Nov. 30, 2023. Xinhua News Agency | Xinhua News Agency | Getty Images China’s top decision-making body of the ruling Communist Party on Friday said the country’s fiscal policy
Share: The GBP/JPY catches a soft bid to challenge 182.00 after a week of stubborn losses. The Yen surged on the week, bolstered by a hawkish BoJ. The Guppy heads into next week’s central bank showdown on the low side. The GBP/JPY eked out a small gain on Friday, finishing the day up a slim
USDCAD trades to a new high but upside resistance looms The USDCAD has recently reached a new daily high, but the price movement has been notably volatile, fluctuating between gains and losses. This inconsistency in the market’s direction forms the backdrop of current trading conditions. On a positive note, today’s low, which occurred during the
weekly oil WTI Sentiment in oil might finally be so washed out that it’s safe to wade in. The US announced another 3 million barrels of purchases to refill the SPR today and that’s a modest positive catalyst as the White House is able to refill it at prices below what they paid. I’d argue
Oil benchmarks were on track for a seven-week decline on Friday, their first in half a decade, on worries about a supply surplus and weak Chinese demand, though prices rebounded after Saudi Arabia and Russia lobbied OPEC+ members to join output cuts. Brent crude futures were up $1.46, or 2%, at $75.51 a barrel at
A postal worker wearing a Santa hat, sorts through mail and packages during a media tour hosted by the US Postal Service at the Los Angeles Processing and Distribution Center, the largest in the country, equivalent to 29 football fields, on November 30, 2023. Frederic J. Brown | AFP | Getty Images Job creation showed
Share: Mullen said its new spoofing complaint will replace its short-selling litigation announced in August. Law firm says spoofing litigation could amounts to “billions” in compensation. MULN trades lower for fourth consecutive session on Friday. Traders wait for December 15 shareholder vote on reverse split. Mullen Automotive (MULN) stock lost ground for the fourth