The NASDAQ index had another tumble with the index falling -2.04% and closing below the February low at 12587. The price closed the day at 12581.23. NASDAQ index closed below its February low Looking at the major indices, the Dow industrial average squeaked out a small gain of 1.05 point (at least it was a
This is with regards to the quasi-state of emergency measures that is in place until 21 March. The omicron outbreak in Japan has appeared to move past its peak already so this is an understandable decision. It will only be a matter of time before Japan opens up and transitions to the endemic phase. ADVERTISEMENT
NEW DELHI: Gold prices dropped on Tuesday, nearing their weekly lows as the US Treasury yields spike ahead of an expected rate hike from Federal Reserve on Wednesday. Peace talks between Russia and Ukraine also dampened the bullion’s appeal. Russian and Ukrainian delegations held a fourth round of talks on Monday. Gold futures on MCX
Sentiment is mixed overall as Russia invasion of Ukraine is continuing. Asia is split into two world, with Nikkei and Singapore markets steady. But Hong Kong and China stock markets are in steep selloff again, after US warned China of helping Russia of easing the impact of sanction. The upbeat Chinese data are generally ignored.
In recent weeks, the Swedish krona has suffered strongly from the increased risk aversion in the wake of the Ukraine conflict. Once the war events subside, the SEK should be able to correct the losses. However, as long as the Riksbank maintains its ultra-expansionary stance, the krona will not be able to make any additional
AUDUSD moves below its 100 day MA The AUDUSD moved lower into the North American session but found support buyers against its 100 day moving average (and 61.8% retracement of the move up from the February 24 low). After spending six or so hours with buyers leaning against that key moving average, it was eventually
Saudi Arabia has to be wondering if what happened to Russia can happen to it. The Kingdom has been an ally of the US and was the first place Donald Trump visited but Bin-Salman was undoubtedly ratteld by the Jamal Khashoggi fallout and watching the social media pressure heaped to do more on Russia after
New Delhi: Gold on Monday declined by Rs 362 to Rs 52,443 per 10 grams in the national capital in line with its weak international prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 52,805 per 10 grams. Silver also tumbled Rs 612 to Rs 69,665 per kg from
European stocks are recovering mildly as Ukraine is going to have another round of talks. But overall sentiment is vulnerable is Russia continues massive shelling and there is no sign of a real stop in its invasion. In the currency markets, Yen’s broad based decline continues today, but Aussie is the weakest, partly weighed down
The sterling fails to regain 1.3100, remains near mid-term lows. Pound recovery falters despite BoE rate hike expectations. GBP/USD decline could extend to 1.2500 – ScotiaBank. The pound sterling remains slightly positive on Monday, buoyed by a moderate risk appetite although its rebound from lows near 1.3000 has been capped below 1.3075. Cable remains bearish at
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The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA). A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line
USDJPY find support buyers near the 100 bar moving average The USDJPY is retesting – now breaking above – the earlier high for the day at 117.055. That takes price to a new high going back to the week of January 8, 2017. A topside trendline on the weekly chart cuts across at 117.55 area
Prior +2.3% Wholesale price index +16.6% y/y Prior +16.2% Another month, another rise in wholesale prices and that just continues to reaffirm the building cost pressures that will be fed into consumer inflation in the German economy. Just be wary that the Russia-Ukraine developments were not contained in this release, so that just compounds the
NEW DELHI: Gold prices dropped on Monday following a rise in US Treasury yields on the back of rate hike expectations by the US Fed later this week. Higher hopes of truce between Russia and Ukraine, pushed the appetite for riskier assets higher, which further dented bullion’s appeal. Gold futures on MCX were trading lower
Dollar is lifted by risk aversion sentiment in Hong Kong and China in Asian session today. The greenback’s strength is particularly apparent against Yen, Aussie and Kiwi. Euro is trying to recover against others but such recovery remains weak. The uncertainty over Russia invasion of Ukraine will continue to cap Euro’s rebound. The economic calendar
EUR/USD has been fluctuating in a narrow channel above 1.09. The euro needs to clear 1.0940 to extend recovery, FXStreet’s Eren Sengezer reports. Risk perception likely to continue to impact euro’s valuation in near-term “Russian and Ukrainian officials are expected to hold the next round of talks at 08:30 GMT on Monday. A renewed optimism
EURUSD dips below its 100 hour moving average The EURUSD has moved to a new session low in the process is dipping below its 100 hour moving average at 1.09617. Traders want to see the price gather more momentum below that level and moved below the 109.33 to 109.43 swing area (see red numbered circles).