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Share: UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assess the latest release of inflation figures in the Philippines. Key Takeaways “The Philippines’ headline inflation unexpectedly reversed course and moderated for the first time in six months to 8.6% y/y in Feb from a 14-year high of 8.7% in the preceding month.
Gold price tumbled by Rs 615 to Rs 55,095 per 10 grams in the national capital on Wednesday amid a decline in rates of precious metal in the overseas markets, according to HDFC Securities. The yellow metal had closed at Rs 55,710 per 10 grams in the previous trade. Silver also plummeted Rs 2,285 to
In a surprising turn of events, the clear and direct hawkish message delivered by Fed Chair Jerome Powell has sent Dollar soaring and stocks tumbling overnight. The greenback maintained its solid gains during Asian session, and all eyes are now on Friday’s non-farm payroll report to see what the next move will be. While Canadian
EURUSD continues to trend lower The EURUSD has a 148 pip trading range now. That is well above the 22 day average of 80 pips (about a month of trading). Technically, the price cracked below both the 200 hour MA and trend line support at 1.0613 soon after the Fed Chair prepared remarks. There was
Local media reports here in Australia on Perth Mint, the only mint in the world that has a government guarantee. Perth Mint is facing a potential $9 billion recall of gold bars. Media says its sighted documents, a leaked internal report, saying: began ‘doping’ (diluting) its gold in 2018 sold diluted bullion to China then
A customer reaches for a box from the Lego Dots range at the Lego A/S store in London, U.K., on Monday, March 7, 2022. Bloomberg | Getty Images Lego sales are building on pandemic-era growth, boosted by a diverse slate of products that cater to kids and adults alike. On Tuesday, the privately held Danish
Share: Silver price takes offers to refresh multi-day low during three-day downtrend. Clear break of six-month-old support line, the key Fibonacci retracement level joins bearish MACD signals to favor XAG/USD sellers. 200-DMA, monthly resistance line add to the upside filters. Silver price (XAG/USD) remains depressed at the lowest levels in four months as sellers poke
The hacker behind the exploit of the decentralized finance lending platform Tender.fi has returned the stolen funds for a $97,000 bounty reward in Ether (ETH). The exploit was executed at 10:28 am UTC on March 7, with Tender.fi confirming the incident on Twitter soon after, citing “an unusual amount of borrows” and adding it hapaused
Gold and silver futures were trading positive on MCX in the early trade. The April gold futures were trading at Rs 55,912 per 10 grams around 9:45 am, up by Rs 191 or 0.34% from the Friday closing price, while May Silver futures were trading at Rs 64,805 per kg, higher by Rs 404 or
Dollar is gaining strength across the board as markets prepare for Fed Chair Jerome Powell’s semi-annual testimony in Congress. Powell’s views on the disinflationary process are expected to be a key focus, with traders also hoping for hints on the size of the upcoming rate hike and the outlook for the terminal rate. Quick update:
AUDUSD falls below the 50% midpoint The AUDUSD is continuing to move to the downside after the “dovish hike” of 25 basis points by the Reserve Bank of Australia overnight. Coming into the US session, the price was stalling near the 50% midpoint of the move up from the October low. That level has now
> US wholesale inventories (revised) for January -0.4% versus -0.4% expected Wholesale inventories and wholesale sales for January 2022 Revised wholesale inventories for January -0.4% versus -0.4% preliminary December wholesale inventories +0.1% preliminary report for January came in at -0.4% Wholesale sales for January rose 1.0% versus 0.1% expected. Prior month was 0.0% revised to
A shopping mall in Qingzhou, Shandong province, broadcasts the opening ceremony of China’s National People’s Congress on Sunday, March 5, 2023. Future Publishing | Future Publishing | Getty Images China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will “disappoint” global markets, according to David
In this article DKS Follow your favorite stocksCREATE FREE ACCOUNT A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Tuesday reported holiday-quarter results that beat Wall Street’s expectations, citing a sales boost from the gift-giving season even with
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