Gold traded rangebound on Monday though the bias remained negative on account of a positive dollar index (DXY) which has stayed above the 102 mark against a basket of six top currencies. The October gold futures were trading with declines at Rs 59,516 per 10 grams on the MCX in the opening trade, down Rs
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nonetheless, the unemployment rate fell once again and lessened the disappointment from the miss in
Eurostoxx -0.3% Germany DAX -0.4% France CAC 40 -0.2% UK FTSE -0.2% Spain IBEX -0.2% The opening losses today isn’t too bad and is in part a catch up to the losses seen on Friday in US equities after the European close. The intensifying mood in Russia and Ukraine is also perhaps a consideration for
As we are now in the traditional summer quiet period, market activities appear largely subdued, a pattern expected to persist into first half of the week. US Dollar is attempting to gain momentum to revive its recent rally, but it’s still kept way off last week’s peak against other major currencies. Definitive direction for the
Traders work on the floor of the New York Stock Exchange, June 29, 2023. Brendan McDermid | Reuters Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating — but top economists say there is nothing to worry about. Fitch announced late on Tuesday that it had cut
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks logo is seen on a cup in this illustration photo taken in the cafe at the airport in Charleroi, Belgium on July 27, 2023. Jakub Porzyck | Nurphoto | Getty Images Starbucks on Tuesday reported quarterly earnings that beat analysts’ expectations, but its same-store
Share: S&P 500 couldn‘t keep the fine rebound as all eyes were on „good that the job market is still OK, but maybe the Fed would stop hiking now“ interpretation of weaker than expected non-farm payrolls. Bonds certainly played ball, but it was more than the dollar that pulled stocks down – all sectors declined
Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world’s second and third-largest crude producers, pledged to cut output through next month. Brent crude futures for October rose 30 cents, or 0.4%, to $85.44 a barrel by 0042 GMT, while U.S. West
The AUDUSD followed the trend in the US dollar to the downside, but Azucena reversal over the last few minutes. Technically the price moved above its 100-hour moving average of 0.65975. It also moved above a swing area between 0.6595 and 0.6603. The high price reached 0.6607 but has since rotated back to the downside
UPCOMING EVENTS: Monday: Canada Holiday, Swiss Unemployment Rate, BoJ’s Summary of Opinions. Tuesday: NFIB Small Business Optimism Index. Wednesday: China CPI. Thursday: US CPI, US Jobless Claims. Friday: Japan Holiday, UK GDP, US PPI, University of Michigan Consumer Sentiment. Monday: The BoJ’s Summary of Opinions will be scrutinised by market participants for details and clues
Job growth in July was less than expected, pointing to slower growth in the U.S. economy, the Labor Department reported Friday. Nonfarm payrolls expanded by 187,000 for the month, slightly below the Dow Jones estimate for 200,000. Though the headline number was a miss, it actually represented a modest gain from the downwardly revised 185,000
In this article AMD Follow your favorite stocksCREATE FREE ACCOUNT Lisa Su displays an ADM Instinct M1300 chip as she delivers a keynote address at CES 2023 at The Venetian Las Vegas on January 04, 2023 in Las Vegas, Nevada. David Becker | Getty Images AMD reported a revenue decline of 18% in its fiscal
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Bitcoin (BTC) is preparing a “full bull” BTC price phase in classic style, market cyclist Cole Garner believes. In social media analysis on Aug. 6, the popular on-chain analyst said that major upside awaits both Bitcoin and the broader crypto market. Bitcoin “bull market’s backbone” strengthening BTC price action continues to stagnate, but those looking
Share: EUR/GBP gains for four consecutive days, up 0.81% for the week, trading at 0.8635 but failing to break through the 100-day EMA at 0.8655. The Bank of England’s 25 bps rate hike influences the pair’s movement, capping further advance. Technical outlook reveals an inverted head-and-shoulders chart pattern, targeting 0.8900. EUR/GBP rallies for the fourth
COMEX Gold prices are on track for their most significant weekly decline in six weeks, driven by a sell-off in the longer end of the US treasuries and positive US economic data. This situation is potentially putting pressure on the Federal Reserve to maintain its rate hike trajectory. The yield on 10-year US treasuries has