Domestic gold prices edged up on Tuesday, tracking gains in the international market and amid a softer US dollar. Investors await this week’s US inflation data for further cues as that could influence the Federal Reserve’s monetary policy trajectory. MCX June gold futures were trading at Rs 60,380 per 10 grams at 10:45 am, up
Australian Dollar is having a broad recovery in Asian session today, bolstered by improvements in both consumer and business confidence data. While the rally’s strength is still limited, Aussie appears to have some room for further upside before encountering near-term resistance levels. European majors follow as the next strongest, with Sterling holding a slight advantage
NZDUSD moves back above a swing area The NZDUSD is lower on the day. The low price today moved below a swing area on the hourly chart above between 0.62019 and 0.62108. It also fell below the low price from Friday’s trade 0.6208. The low price extended to 0.619256 in the early US session, but
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
Tyler and Cameron Winklevoss, co-founders of the United States-based cryptocurrency exchange Gemini, have reportedly dipped into their own pockets to fund the business amid the crypto market downturn. According to an April 10 Bloomberg report, the Winklevoss twins made a personal $100-million loan to Gemini following attempts to get funding from outside investors. Cointelegraph reached
Oil prices edged higher on Monday, after rising for three straight weeks, as looming supply cuts from Saudi Arabia and other OPEC+ producers offset concern about weakening global growth that may dampen fuel demand. Crude last week jumped more than 6% after OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia,
Today’s trading remains relatively subdued, as many markets are still closed for holidays. Canadian and US Dollars are showing mild strength, while Yen struggles as the weakest currency, followed by New Zealand Dollar and Euro. Sterling, Australian Dollar, and Swiss Franc exhibit mixed performance. Most pairs and crosses stay within Friday’s range, except for Yen
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Share: New Bank of Japan Governor Kazuo Ueda spurred US Dollar buying. Speculation that the tightening cycle is over weighed on investors’ mood. NZD/USD is neutral-to-bearish around 0.6220, could extend its slump. It was not a good start to the week for the New Zealand currency, as it weakened sharply against its American rival. NZD/USD
The price of WTI crude oil futures are settling the day back below the $80 level at $79.74. That’s down $0.96 or -1.19%. The low price reached $79.61. The high price was about $81.22. WTI crude oil is settling below 100 hour movie average Looking at the hourly chart above, since gapping higher after the
The White House is Kirby is saying that US is in talks with China about potential visit of Treasury Secretary Yellen and commerce Sec. Raimondo. In addition, US treasuries Shambaugh is saying: US remains committed to maintaining open lines of communications with China There is plenty of scope for economic relationship that benefits both US
A customer shops for eggs at a H-E-B grocery store on February 08, 2023 in Austin, Texas. Wholesale egg prices have begun declining more than 50% since December record highs according to Urner Barry data. Brandon Bell | Getty Images News | Getty Images Consumers are getting more pessimistic about inflation and their access to
Gold prices fell on Monday tracking a firm US dollar. Greenback revived on fears of further rate hike by the US Federal Reserve in its next monetary policy meeting after the non-farm payroll data pointed to a tighter labour market, dashing hopes of any rate pause in the immediate term. MCX June gold futures were
Share: Gold price pares the first weekly gains in three, bounces off 200-EMA at the latest. China-inflicted risk aversion, hawkish Fed bets underpin US Dollar’s corrective bounce after four-week downtrend. XAU/USD bears remain cautious ahead of key support. Easter Monday holidays, anxiety ahead of US inflation, Fed Minutes add filters to Gold price. Gold price
NZDUSD trends lower today The dollar’s recent strength seen today is being led by a decline in the NZDUSD (higher USD), which is currently down by 1.2% at 0.6245, reaching a low of 0.6238. Technically, during the US session, the NZDUSD broke below a key support area between 0.6263 and 0.62699, as well as the
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
The long weekend has not produced any fireworks in Bitcoin (BTC) price, which continues to trade inside an ever-narrowing range. Bitcoin is on track to form a third consecutive Doji candlestick pattern on the weekly chart. This suggests that the Bitcoin bulls and the bears are not clear about the next directional move. It is