Gold in the national capital on Friday tumbled Rs 301 to Rs 46,415 per 10 gram in line with a decline in international prices of the precious metal, along with a rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,716 per 10 grams. Silver also tumbled Rs
Nonfarm Payrolls disappointed, but the labor market tightness indicators were stronger than expected. The employment numbers had a modest impact on the FX market. Looking ahead, economists at TD Securities think the bar is very high to undermine the USD, especially as the Fed is very determined to move out of very accommodative policy settings.
The ranges and changes speak for themselves: Elsewhere, equities are also looking fairly tentative while Treasury yields are little changed. This is shaping up to be a typical placeholder session awaiting the US jobs report later in the day. Going back to FX, EUR/USD is still caught around 1.1300 with large expiries holding close to
Markets are generally steady as focus turns to non-farm payroll from US today. For the week so far, Sterling and Dollar are still the strongest ones, as supported by strong rally in benchmark yields and expectation of hawkish central bank actions. Euro is mixed, pressured by the Pound but steady against Dollar. Yen’s weakest place
NZDUSD traders in the lower half of the day’s trading range The NZDUSD move down early in the Asian session yesterday on it’s way to a low at 0.6733 . That was just below a swing area between 0.6734 and 0.6740. The subsequent rise to the upside moved up to test the Tuesday low at
NEW DELHI: Gold prices were trading marginally higher on Friday although hovering near a multi-week low following a sharp decline on Thursday. The chief of the World Health Organization (WHO) said the Omicron variant cannot be considered ‘mild’, while stronger yields capped bullion’s gains. Gold futures on MCX gained 0.08 per cent or Rs 38
In this article WBA A sign displays the types of COVID-19 vaccination doses available at a Walgreens mobile bus clinic on June 25, 2021 in Los Angeles, California. Mario Tama | Getty Images Walgreens Boots Alliance on Thursday exceeded analysts’ expectations for the fiscal first-quarter and raised its forecast for the year, as customers came
King dollar is expected to reign supreme across the fx board in 2022 as well, thanks to the monetary policy normalization by the US Federal Reserve (Fed), according to the 49 foreign exchange strategists polled by Reuters between January 4-6. Key findings Nearly two-thirds of the respondents said “interest rate differentials would dictate sentiment in major FX
Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum, Polygon, and Solana. Terra’s Jan. 6 Research post UST Goes Interchain: Degen Strats Part Three provides details about how $139 million of UST and its native stablecoin LUNA would be utilized and on
Put a doji on the stock charts. The main markets ended slightly lower but in my view that’s a small win for the bulls after the rout late yesterday and finish at the lows of the day. Closing levels: S&P 500 -4 points to 4696 Nasdaq -0.1% DJIA -0.5% Russell 2000 +0.6% ADVERTISEMENT – CONTINUE
Yen is trying to recover on weaker risk sentiment today. But momentum is relatively soft against Dollar and Europeans. Aussie and Kiwi follow broader risk markets lower. Sterling and Dollar remain the strongest ones for the week, on expectation of hawkish BoE and Fed. Euro and Swiss Franc are mixed, with Euro having a slight
EURGBP price remains below the 100H MA and swing area When I look at a chart, I focus on who is in control. To determine control, you need clues that give a bias. I like to technical clues like moving averages (100/200 bar MAs), trend lines, swing areas where support and resistance floors and ceilings
SINGAPORE: The world’s top oil exporter, Saudi Arabia, has cut February’s official selling price (OSP) to Asia for its Arab light crude to plus $2.20 a barrel versus Oman/Dubai crude. The February OSP to Asia for the Arab light grade is the lowest in three months. State oil giant Saudi Aramco on Thursday set the
In this article BBBY Customer shopping in a Bed Bath & Beyond store Courtesy: Bed Bath & Beyond Bed Bath & Beyond shares tumbled nearly 10% in premarket trading Thursday after the home goods retailer missed analysts’ expectations for fiscal third quarter. Chief Executive Mark Tritton said a lack of inventory due to supply chain
WTI briefly eclipsed the $80 per barrel level for the first time since mid-November as OPEC+ struggles to lift output. Crude oil prices have rallied despite recent downside in global equities after hawkish Fed minutes, and are watching Kazakhstan unrest. Front-month WTI futures have surged on Thursday despite recent hawkish Fed minutes induced downside in
Dollar smile, anyone? The hawkish Fed tone from yesterday is helping to pin down risk assets and the dollar is extending gains against the commodity currencies for the most part today. AUD/USD is down 0.9% to 0.7157 as price looks towards 0.7100 next: Meanwhile, we’re also seeing EUR/USD fall to a low of 1.1285 on
More hawkish than expected FOMC minutes sent US stocks lower overnight, and the negative sentiment carries on in Asian session. Australian Dollar leads commodity currencies sharply lower. Yen recovers but buying is weak on strong treasury yields. Dollar is also mildly firmer together with Euro. Technically, we’ll look at some Yen crosses to gauge if
The major US indices closed the new near session lows. The declines were across the board today as the overall market reacted to the idea that the Fed would look to run down its balance sheet in addition to increasing the taper, and starting to tighten. The Dow industrial average closed at record levels on