A horrific act of violence has shaken the heart of New Orleans, leaving a trail of unimaginable grief and sorrow. A man deliberately drove his car into a crowd, transforming a scene of normalcy into one of chaos and terror. At least 10 lives were tragically cut short, leaving families shattered and a community in
Gold February futures contracts at MCX opened flat on Tuesday at Rs 76,303/10 gram, which is up by 0.06% or Rs 43 while silver March futures contracts were trading at Rs 87,361/kg, down by 0.19% or Rs 170. Gold prices have tumbled by Rs 800/10 grams in the month of December so far while silver
GBP/USD is positioned above the descending channel, suggesting a weakening bearish bias. The descending channel’s upper boundary acts as primary support near the 1.2540 level. The immediate resistance appears at its nine-day EMA at 1.2565 level. GBP/USD retraces its recent losses, trading around 1.2550 during the European hours on Tuesday. The daily chart analysis suggests
Happy New Year Welcome to 2025! The clock has turned on the foreign exchange market and we’re onto the new charts. Here are the final closing levels for 2024 for the major pairs Euro: 1.0354 Japanese Yen: 157.21 British Pound: 1.2524 Swiss Franc: 0.9072 Canadian Dollar: 1.4380 Australian Dollar: 0.6188 New Zealand Dollar: 0.5582 US
Gold prices edged higher on Wednesday, the first trading day of 2025, following a strong performance in 2024, which marked the metal’s best annual growth in over a decade. As of 10:05 am, February gold futures were trading at Rs 76,814 per 10 grams on the MCX, up by Rs 66 or 0.09% from the
EUR/USD may depreciate further as the short-term price momentum is weaker. The initial support appears at its two-year low of 1.0332, recorded on November 22. The nine-day EMA acts as immediate resistance at the 1.0417 level. EUR/USD recovers its recent losses from the previous session, trading around 1.0410 during the European hours on Tuesday. A
The EURUSD is trading the key technical levels to start the trading week. The initial move in the early European session saw the price moved down to test its 100 hour moving average (blue line on the hourly chart above). Buyers leaned against the level and pushed the price back higher. Recall, the 100 hour
NZDJPY daily chart in 2024 The New Zealand dollar and Japanese yen are the two-worst performing major currencies of 2024. That’s an odd occurrence as they often find themselves on the opposite sides of the spectrum as a traditional high yielder (NZD) and low yielder (JPY). This year, the US dollar took an 11.6% bite
Gold delivered one of its best performances in a decade in 2024 recording an annual growth of 26%, fuelled by central bank purchases, geopolitical tensions, and expectations of accommodative monetary policies by global central banks, including the Reserve Bank of India (RBI). The yellow metal breached the Rs 80,000 per 10 gm mark this year,
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $28.96 per troy ounce, down 0.14% from the $29.00 it cost on Monday. Silver prices have increased by 21.71% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 28.96 1 Gram 0.93 The Gold/Silver ratio, which
The USDJPY is trading in a modest range today at 59 pips vs the 22 day average (about a month of trading) at 139 pips. The price high came in at 158.064. That was just short of the high price from last week at 158.080. Sellers leaned and pushed the price mostly lower. The low
With only one day left to go, let’s take a look and what were the best and worst performers in each asset class during the year. Were there any standouts and/or surprises that might catch your eye? Here’s a look at the major currencies space with the dollar as a benchmark: GBP -1.4% CNY -2.8%
New Delhi, Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue. Also aiding the run is a dovish tilt in monetary policy and buying by central
Gold price edges lower to $2,600 in Tuesday’s early Asian session. The Fed’s cautious stance might drag the precious metal lower. Uncertainty and geopolitical tensions could boost Gold price, a traditional safe-haven asset. The Gold price (XAU/USD) attracts some sellers to near $2,600 during the early Asian section on Tuesday. Traders await fresh catalysts, including
The forex markets remain subdued as traders maintain a cautious stance ahead of the New Year. European major are notably weaker, with Swiss Franc leading the declines. Euro is also under pressure, while Sterling has shown resilience, managing to avoid sharper losses. Meanwhile, Yen has staged a modest recovery, supported by easing US and European
The GBPUSD moved higher into the US open, but has since reversed lower on risk-off flows (?). Stock in the US are getting hammered in pre-market trading. Admittedly, the declines are not being pushed by any news, except Friday was soft and today, the selling is continuing. Looking at the GBPUSD, the price moved up
The official PMIs from China’s National Bureau of Statistics (NBS) will be published today. I’ve referred to ‘green shoots’ beginning, tentatively, to show for the Chinese economy. PMIs have been key to this. In H2 of 2024 manufacturing has improved, slowly, while services have held in expansion. Manufacturing PMI: July 2024: 49.4, indicating contraction in
Gold prices rose Rs 150 to Rs 79,350 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. Traders said the potential for upside appears to be limited for gold in the short term, as the market participants are primarily focused on Trump’s tariff measures and economic policy, which
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