NEW DELHI: Gold prices were trading lower on Thursday, slipping on the back of a firm US dollar after better-than-expected US retail sales data clouded hopes of a smaller rate hike. On the other hand, Poland’s president on Wednesday said a missile that hit his country was probably a stray Ukrainian defence projectile, dispelling fears
The forex markets are still engaging in corrective trading in Asian session today. Despite stronger than expected job data, Aussie trades lower following mild risk-off sentiment. Kiwi, Loonie and Sterling are are softer. On the other hand, Dollar, Yen and Swiss Franc are the firmer ones, while Euro is mixed. For now, the selling in
USDCAD gains traction for the second straight day and is supported by a combination of factors. Weaker Oil prices undermine the Loonie and act as a tailwind amid a pickup in the USD demand. Traders now look forward to the US macroeconomic releases and Fedspeak for a fresh impetus. The USDCAD pair builds on the
In the new trading day, the Austrian employment statistics will be released with expectations for an employment change of 15.0K vs. 0.9K last month. The unemployment rate is expected to remain steady in at historically low levels of 3.5%. The data can be a market mover. So understanding the levels in play is key. BTW…The
Session wrap Forex news for Asian trading on Thursday, 17 November 2022 Eamonn Sheridan Thursday, 17/11/2022 | 03:56 GMT-0 17/11/2022 | 03:56 GMT-0 The USD gained some ground during the session here, albeit in limited ranges for major FX rates. Gold and oil declined also. There was little fresh on the news nor data front
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT Lowe’s said Wednesday that high inflation isn’t hurting sales as it reported third-quarter earnings that beat Wall Street expectations. The company also upped its guidance for its full-year earnings. Shares of Lowe’s rose 3% Wednesday. related investing news Pro Picks: Watch all of Wednesday’s big
Federal Reserve Governor Christopher Waller said Wednesday he’s open to reducing the level of interest rate increases soon, so long as the economic data cooperates. The rate-setting Federal Open Market Committee is set to meet Dec. 13-14. Market expectations are running high that policymakers will approve another rate hike, but this time opting for a
Tether issued a short statement on Nov. 16 saying that it has no exposure to institutional crypto lender Genesis Global or the Gemini Earn program after the announcement that Genesis Global and the Gemini exchange were freezing withdrawals. Genesis Global is the lending partner for interest-bearing Gemini Earn. Eager to differentiate itself from contagion-stricken crypto
Gold prices rose by Rs 320 to Rs 53,449 per 10 grams in the national capital on Wednesday in line with firm global trend and depreciation in the rupee, according to Securities. In the previous trade, the precious metal had closed at Rs 53,129 per 10 grams. Silver, however, dropped Rs 125 to Rs 62,682
The financial markets are generally quiet today, with European indexes and US futures trading slightly lower into US session. In the currency markets, most major pairs and crosses are stuck inside yesterday’s range, with Yen and Dollar on the softer side, Euro and Swiss Franc on the firmer side. Sterling and Canadian Shrug respecting inflation
Federal Reserve Governor Christopher Waller who last week said “we’ve still got a ways to go” before the US central bank stops raising interest rates, despite good news last week on consumer prices, jolting risk appetite, repeats the same hawkish rhetoric on Wednesday. Waller continues to caution that officials were not close to a pause.
USDCAD buyers make a play The USDCAD is trading higher and in the process has moved above the 100 hour MA at 1.32967 and tested the earlier high for the day at 1.3307 area. A move above that area would have traders looking toward the high price reached straight and the week at 1.3335. Above
The US stocks are opening lower with the Dow trading above and below unchanged. The declines are being led by the Nasdaq as concerns about a more hawkish Fed as a result of strong consumer in the US at least. Retail sales were impressive. The snapshot of the market currently shows: Dow industrial average down
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Target‘s profit fell by around 50% in its fiscal third quarter as it cleared through unwanted inventory and sales slowed heading into the holidays, prompting the company to lower its expectations for retailers’ most important time of year. The company also said Wednesday it plans
Countries should strike up more economic alliances than security and defense ones, as those could make the world “more dangerous,” the president of the Center for China and Globalization said on Tuesday. Doing that would also circumvent a slide toward deglobalization, which could hold back economic development across the world. The U.S. for example, could
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Among precious metals, silver staged a quick recovery in the last two and a half months as the white metal has surged Rs 10,000 per kilogram (kg) from Rs 52,000 to Rs 62,000 during the given period. Compared to its peak for the year, silver topped Rs 73,000/ kg mark during March on the back
The selloff in Dollar overnight didn’t last very long. The greenback is trying to recovery in Asian session, as traders turned cautious on news that Poland was struck by a Russia-made projectile. But overall trading is subdued so far. Aussie and Kiwi are the strongest ones for the week at this point, supported by optimism