Gold prices rose Rs 80 to Rs 59,030 per 10 grams in the national capital on Friday amid gains in overseas precious metal prices, according to HDFC Securities. The yellow metal had settled at Rs 58,950 per 10 grams in the previous trade. Silver, however, tumbled Rs 550 to Rs 70,700 per kilogramme. “Gold slightly
Dollar sees a significant dip in early US session after release of economic data showed a slower than expected headline PCE inflation and a slight decline in core PCE inflation. In contrast, Eurozone reported a tick up in core inflation for the same period. Stock futures rally on this news, while benchmark treasury yields dip
Pixelcatchers | E+ | Getty Images It’s not an easy time to be a small business in search of financing. For LGBTQ owners, the struggle has been even harder. LGBTQ-owned businesses reported more rejections than non-LGBTQ businesses that applied for funding, according to a 2022 report from Movement Advancement Project, a nonprofit think tank that
An open letter to lawmakers in the European Union was issued by more than 160 executives from tech companies around the world urging careful consideration of artificial intelligence (AI) regulations not to stunt the industry or markets. On June 30, executives from companies such as Renault, Meta, Spanish telecom company Cellnex and German investment bank
Share: Economists at Crédit Agricole expect EUR/USD to experience downside pressure in the near term. However, the pair is set to recover toward 1.11 in the coming months. Near term downside risks for EUR/USD We see downside risks for EUR/USD from its current levels in the near term and project a recovery only going into
We keep hearing from the Fed members that two or more rate hikes this year are likely if the data remains solid. In fact, since the last FOMC meeting, the data indeed kept on surprising to the upside and led to a more hawkish repricing in interest rates expectations that eventually favoured the greenback. On
Eurostoxx +0.6% Germany DAX +0.8% France CAC 40 +0.8% UK FTSE +0.5% S&P 500 futures +0.3% Nasdaq futures +0.5% Dow futures +0.1% Perhaps we are seeing some window dressing at play before we hit the end of the quarter and the half-year mark? In any case, it’s a tough one to say for sure especially
Gold struggled for momentum in early Asian trading on Friday, as traders awaited key U.S. inflation numbers due later in the day after a slew of strong data prints and hawkish comments from Federal Reserve officials raised bets of more rate hikes. FUNDAMENTALS * Spot gold was flat at $1,908.33 per ounce by 0122 GMT.
In the run-up to the close of the first half, forex markets appear to be treading water in today’s Asian session. Market responses to China’s lackluster PMI data have been tepid, while Yen remains largely unfazed by Japan’s industrial production figures and Tokyo’s CPI. Asian indexes are mixed with mild selloff in Nikkei. Dollar and
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Want some of MY Trades? 👉 https://t.me/TWPVIPBot In this episode, I will explain the 94.44% WIN Rate Supply and Demand Trading Strategy. Supply and Demand is the best Forex trading strategy in 2023. It’s what I used this week for a 99.44% backtest, and 100% win rate on live trades. There are many different indicators
Share: Strong GDP and jobless claims data drive US Dollar, yet USD/CAD records marginal losses. Fed’s signal of two more rate hikes by year’s end boosts odds for a July rate hike to 87%. Traders anticipate upcoming GDP data and BoC outlook survey for clues on Canada’s economic health. USD/CAD registered minuscule losses on Thursday
I know…. the USDJPY is overbought. The RSI is above the 70 level indicative of an overbought condition in the USDJPY. The RSI in the USDJPY has not been this high since October 2022. The problem is the USDJPY has been overbought over the last 6-7 days. During that time, the price has moved up
Reuters have the report, citing unnamed sources: The United States and the Netherlands are set to further restrict sales of chipmaking equipment to China, to prevent the technology from being used to strengthen China’s military While the Dutch are planning to curb certain equipment from national champion ASML, and other companies, the U.S. is expected
Commodity exchange MCX has decided to extend its software support contract with 63 moons technologies, the former promoter of the bourse, after repeatedly failing to transition to a new trading platform within stipulated deadlines. In separate early morning stock exchange filings, Multi Commodity Exchange of India Ltd and 63 moons said the contract has been
In the currency trading arena, there’s been a notable lack of movement today. Gold has caught the market’s attention, sliding past the 1900 psychological level. Yet Dollar remains relatively undisturbed, also showing no significant response to the latest jobless claim data and Q1 GDP final figures. Likewise, the release of higher-than-anticipated German CPI data sparked
David Leal installs a tailpipe on a vehicle at Muffler Pros on April 12, 2023 in Hollywood, Florida. Joe Raedle | Getty Images The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according to a big upward revision Thursday from the Commerce Department. Gross domestic product increased at a 2%