Gold (XAU/USD) daily chart The precious metal is keeping a solid bounce off its 100-day moving average (red line) to start the new year, now trading up to $2,680 this week. A test of the $2,700 level beckons, before potentially revisiting the end-November and December highs around $2,725-26 next. A major positive for gold to
Gold February futures contracts at MCX opened slightly higher on Friday at Rs 78,311/10 gram, which is up by 0.27% or Rs 207 while silver March futures contracts inched higher to open at Rs 92,160/kg, up by nearly 0.5% or Rs 449. Gold prices increased by Rs 1,560/10 grams in January so far while silver
In this article 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst estimates, as the company continues
The People’s Bank of China (PBOC) announced on Friday that it has halted treasury bond purchases temporarily due to short supply of the bonds. The Chinese central bank’s declaration comes after repeated warnings of bubble risks in country’s red-hot bond market. Market reaction The Chinese Yuan has come under moderate selling pressure despite the above
While Sterling continues to be the market’s primary focus as it faces heavy losses, Japanese Yen is quietly staging a modest, but broad-based recovery. However, Yen’s rally appears driven more by position adjustments ahead of tomorrow’s US non-farm payrolls report, as risk sentiment has across markets has turned more cautious. Meanwhile, there little support for
Signage at the New York Public Library’s annual Bronx Job Fair & Expo at the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024. Yuki Iwamura | Bloomberg | Getty Images The December jobs report is likely to provide only limited clarity on where the labor market is
The USDCAD sellers had a shot earlier this week with breaks outside an up-and-down “Red Box” to the downside. The first move was on Monday. The 2nd on Tuesday. Each failed on the break The sellers had their shot. They missed. The price rise saw the pair’s price move above the 100 and 200 hour
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 prices rose to a near four-week high on Thursday, supported by safe-haven demand, while investors weighed how U.S. President-elect Donald Trump’s policies would impact the economy and inflation. Spot gold was up 0.3% at $2,670.16 per ounce, as of 10:55 a.m. ET (1555 GMT). U.S. gold futures rose 0.6% to $2,689.50. “Safe-haven demand is
The US Dollar consolidating at current levels as inflation worries fade a touch. Inflation concerns are top priority, triggering a mini-crisis in UK Gilts. The US Dollar Index (DXY) hovers arond 109.00 in search of support. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades flat above 109.00 on Thursday
Sterling plunged across the board as the sharp selloff in UK government bonds sent shockwaves through financial markets. Yields on 10-year gilts surged to their highest levels since August 2008, while 30-year yields reached a 26-year high. These developments have reignited concerns about the UK’s fiscal health and are reminiscent of the turmoil during Liz
U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025. Carlos Barria | Reuters President-elect Donald Trump is contemplating calling a national economic emergency to implement his wide-reaching tariff policies, four sources familiar with the matter told CNN. A declaration of this nature will give Trump power to create
Fundamental Overview The USD got a boost recently from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much though and Fed’s Waller yesterday kept the rate cuts
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 February futures contracts at MCX opened slightly higher on Thursday at Rs 77,942 per 10 gram, which is up by 0.25% or Rs 195 while silver March futures contracts were trading at Rs 91,261/kg, up by 0.36% or Rs 323. Gold prices surged by Rs 600/10 grams in this week so far while silver
The Australian Dollar loses ground after releasing mixed domestic data on Thursday. China’s Consumer Price Index rose by 0.1% YoY in December, against the previous 0.2% increase. The US Dollar rose as the 10-year yield on Treasury bonds advanced following the FOMC Minutes release. The Australian Dollar (AUD) extends its losses for the third consecutive
Volatility soared across markets today as reports of emergency trade measures by President-elect Donald Trump overshadowed the day’s economic data. According to CNN, which cited four unnamed sources, Trump is weighing the option of declaring a national economic emergency to justify widespread tariffs on all trade partners, including allies and adversaries. The plan would rely
A worker adjusts hiring signage at a job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, US, on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty Images Private sector job creation eased more than expected in December while wages grew at the
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