Merry Christmas, although its a little more challenging for those who have had plans disrupted. Its not only this sector of the economy that is seeing negative effects of the spread of the new variant, and its not only impacting the US and its economy. Harsh lockdowns are only a hair-trigger away in China, for
The major US stock indices are trading higher with the Dow industrial average leading the way. The NASDAQ index is lagging after gains of 2% and over 1.2% over the last two trading days. A snapshot of the market 17 minutes into the opening is showing: Dow industrial average up 238 points or 0.66% at
NEW DELHI: Gold prices traded in the tight range on Wednesday as higher US Treasury yields and improved risk appetite countered concerns about the rapidly spreading Omicron coronavirus variant. Gold futures on MCX added 0.06 per cent or Rs 29 at Rs 48,096 per 10 grams. Silver futures gained 0.16 per cent or Rs 96
The Mexican peso is rising across the board on Friday. USD/MXN heads for lowest daily close in a month. The USD/MXN is falling on Friday for the third consecutive day and it trades at 20.56, the lowest level in a month. The Mexican peso remains supported by an improvement in global risk sentiment. Also, a
Goel highlighted the various methods that are actively being used by fraudsters to dupe investors such as lucrative investment opportunities, illegitimate bank transfers and cryptocurrencies. Acknowledging the growth of Indian crypto users, Goel added: “They [fraudsters] ask you to share your cryptocurrency details. And once you put it in your wallet, then the money is
Most of these new cases are in Shaanxi province, in north central/west China. The city of Xi’an (the largest urban area in the province) is the hotspot and is currently under lockdown. Lockdowns in China will slow its economic recovery and also pose a threat to global supply chains. ADVERTISEMENT – CONTINUE READING BELOW
USDTRY stalls at the 100 day moving average The USDTRY has had an extraordinary run over the last few days. That came after an huge run to the upside for the pair. On Monday, the pair soared to a high of 18.349. That was up from 6.89345 back at the lows in February. Since then
NEW DELHI: Gold prices edged higher on Thursday on a weaker US dollar. Although, renewed risk appetite fuelled by an encouraging Omicron study and increased optimism around the global economic outlook kept gains in check. A South African study suggested reduced risks of hospitalization and severe disease in people infected with the Omicron variant versus
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Discover 3 day trading strategies for beginners, to apply on Forex, crypto and stock market. In this video you will discover: • How to make money trading stocks and Forex market using daily open level and simple price action • how to use and how to read daily open level and how to improve your
The shared currency losses against the greenback but remains above the 1.1300 figure. EUR/USD Price Forecast: A descending triangle in a downtrend opens the door for a challenge of the YTD low at 1.1186. The EUR/USD is barely down late in the European session, trading at 1.1318 at the time of writing. As US markets
There’s no other way around it. The Fed will be a major focus in the market next year and will likely dominate the bond market and dollar landscape for months on end. But with the midterm elections in November, be wary that there might be a considerable amount of political risk also at play depending
The major European indices are closing higher on the day with the Spanish Ibex leading the way. A snapshot of the market currently shows: German DAX, +1.0% France’s CAC, +0.77% UK’s FTSE 100 +0.43% Spain’s Ibex, +1.24% Italy’s FTSE MIB, +0.7% Looking at the German Dax, the price has risen now for the third consecutive
Physical gold demand was mixed in top Asian hubs this week, with overall activity subdued going into Christmas and the new year, although the upcoming holidays prompted some consumers in Singapore to pick up bullion for gifting. While the market has quietened, there’s been quite a bit of a retail buying this week into year-end,
Gold gains for the second week in a row, but still remains under $1810. While above $1785, the bullish bias could persist in the short term. Gold rose for the second week in a row and finished slightly below $1810 after rebounding from $1783. It was unable to hit fresh monthly highs. The yellow metal
Bitcoin (BTC) held $50,000 into Dec. 25 as BTC bulls avoided an unwelcome Christmas Day surprise. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Bears become bulls” short term? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $50,000 support into the weekend, having ranged after local highs above $51,500. The pair was calm as the
I don’t think omicron is a concern for the markets except in China. That’s the one place where they will put in severe lockdowns. Many of the new cases today are likely in Xian, where the city of 13 million is completely locked down. In a sign that China has no intention of easing away
The S&P index is moving closer to its all-time high close. That level comes in at 4739.72. The high price just reached 4733.19. The S&P index is approaching its all-time high The price closed last week at 4620.65. On Monday the index gap lower reaching a low price of 4531.10 before starting a three day