Gold prices edged up on Thursday as the Middle-East conflict kept investors worried, with bullion standing firm despite a stronger U.S. dollar and bonds yields. FUNDAMENTALS * Spot gold rose 0.3% to $1,985.89 per ounce by 0137 GMT. U.S. gold futures were up 0.1% to $1,996.30. * Israel kept up its strikes on Hamas targets
Australian Dollar made significant gains in Asian session today following unexpectedly robust inflation figures for Q3 and September. This has caused a flurry of revised predictions from economists who now anticipate a rate hike by RBA in its next meeting in November. While there’s speculation about a subsequent hike in December, such a back-to-back move
People shop along Broadway in Manhattan on July 27, 2023 in New York City. Spencer Platt | Getty Images The U.S. economy likely turned in another strong performance heading into the final part of the year, though what’s ahead could be significantly different. Gross domestic product, or the sum of all goods and services produced
In this article IBM Follow your favorite stocksCREATE FREE ACCOUNT Arvind Krishna, IBM’s chair and CEO, during an interview in New York on May 1, 2023. Christopher Goodney | Bloomberg | Getty Images IBM shares rose 2% in extended trading Wednesday after the technology conglomerate announced third-quarter results that exceeded Wall Street estimates. Here’s how
Share: USD/CAD attracts some buyers above 1.3800 amid the firmer USD. Bank of Canada (BoC) held interest rates steady on Wednesday. The speech of Israel’s Prime Minister exerts pressure on the riskier asset like Loonie. Traders will monitor the US Q3 GDP data due later on Thursday. The USD/CAD pair gains traction above the 1.3800
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NASDAQ index moves closer to key technical support The NASDAQ index continues its run to the downside and it currently trades down -1.77% at 12906. The index is working toward being one of the top 10 down days for the year. The biggest move lower was back on February 21 when the index fell -2.5%.
The WSJ’s Summer Said reports that Hamas fighters trained in Iran before the Oct 7 attacks. The story says roughly 500 Palestinians got specialized training in Iran as recently as September. Note that this is the same journalist who reported the day after the attacks that Iran helped to plot the attack. This report cites
Gold price jumped Rs 50 to Rs 61,700 per 10 grams in the national capital on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had finished at Rs 61,650 per 10 grams. “Gold traded firm on Wednesday, up by Rs 50 against its previous close. “Meanwhile, in the domestic market the
Canadian Dollar encountered heavy headwinds after BoC made the anticipated decision to keep interest rates steady. The bank’s hawkish tone persisted, highlighting concerns over the sluggish pace of disinflation. However, the central bank also acknowledged emerging signs indicating that past rate hikes might be curbing economic activity. Earlier in the day, Australian Dollar experienced a
MARRAKESH, MOROCCO – OCTOBER 13: Ajay Banga, President of the World Bank Group, speaks during the International Monetary Fund (IMF) meeting in Marrakesh, Morocco on October 13, 2023. (Photo by Abu Adem Muhammed/Anadolu via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images The president of the World Bank on Tuesday said that it
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Meta is set to report third-quarter earnings after the bell Wednesday. Here are the
Share: NZD/USD prints a daily high of 0.5869 before dropping to 0.5825, losing 0.30% amidst strong USD. US Dollar Index (DXY) gains 0.11%, reaching 106.35, boosted by the Middle East conflict and strong US economic data. New Home Sales in the US rose 12.3% MoM in September, contributing to the Greenback’s strength. NZD/USD extended its
EURJPY extends to highest level since 2008 The EURJPY extended above the high price from August 30 at 159.756 and in the process reached a new high at 159.908 going back to August 2008. That’s a 15-year high for the pair. The problem is, the high could only reach 14 pips above the August 2023
In case you missed the headlines from earlier, you can check out Eamonn’s recap here: RBA rate hike incoming on November 7 – will they hike again in December? The OIS market is now pricing in roughly 63% odds of a 25 bps move next month, following the stronger-than-expected inflation numbers earlier today. That also
Gold fell on Wednesday as investors continued to book profit after a strong rally over the past two weeks aided by the Israel-Hamas conflict. This was despites some softening in the US bond yields and slippage in the dollar index (DXY). MCX December gold futures traded in the red on Wednesday at Rs 60,476 per
Asian markets commenced the week in a muted tone, with trading activity dampened due to public holidays in New Zealand and Hong Kong. The tepid trading ambiance is expected to persist through the day, given the sparse economic calendar. However, market participants are bracing for a resurgence in volatility, as a flurry of Purchasing Managers’
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Satya Nadella, chief executive officer of Microsoft Corp., arrives to federal court in Washington on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft will disclose its fiscal first-quarter results after U.S. market close on Tuesday. Here’s what analysts are looking for: Earnings: