The major European indices are closing higher on the day. The one laggard is the UK FTSE 100 which is closing near unchanged. A look at the major indices shows: German Dax, +0.5% France’s CAC, +0.75% UK FTSE 100, unchanged Spain’s Ibex, +0.7% Italy’s FTSE MIB, +080% A snapshot of the US stock market is
There’s a strong seasonal tailwind for oil starting in mid-January and running for a few months but the first big hurdle will be rebounding from the omicron swoon. WTI has struggled to recoup the 50% retracement level at $73.72. It rose as high as $73.33 today in a one-cent rise above the prior December high.
Kolkata: SohanLal Commodity Management (SLCM), a leading holistic service provider in the global post-harvest space for agricultural commodities has signed an agreement with the Tamil Nadu Foodgrains Marketing Yard (TFMY) to provide finance against commodities stored in the TFMY warehouse facility. Tamil Nadu Foodgrains Marketing Yard (TFMY) is a project that aims to provide necessary
A combination of factors prompted fresh selling around AUD/USD on the first day of a new week. Omicron fears acted as a headwind for the perceived riskier aussie amid resurgent USD demand. Investors might refrain from placing aggressive bets amid the year-end thin liquidity conditions. The AUD/USD pair extended its steady intraday descent and dropped
USDCHF on the hourly chart is respecting technical levels The USDCHF fell below its 200 hour, 100 hour and 100 day moving averages yesterday but bottom near a swing area between 0.9186 and 0.9190. Today that swing area was respected again at the session lows. The price moved higher and was able to get above
NEW DELHI: Gold prices traded flat with negative bias on Monday as slightly weaker US Treasury yields countered an uptick in the dollar. Gold futures on MCX eased by 0.07 per cent or Rs 32 to Rs 48,120 per 10 grams. Silver was unchanged, down 0.01 per cent or Rs 8 at Rs 62,303 per
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GBP/USD hovers around 1.3400 as Brexit, Omicron fears battle thin liquidity GBP/USD takes rounds to 1.3400 during an inactive Asian session on Monday. The cable pair snapped a three-day uptrend near the monthly high the previous day as fears over South Africa-linked covid variant and Brexit escalate. However, an offer in the UK and holiday
For NFL fans, 2021 was a great year. Stadiums returned to capacity crowds after the 2020 season was shortened with limited attendance. Stadium parking lots were again filled with the enthusiastic anticipation of tailgaters and their barbequed camaraderie. It was also a great year for Bitcoin (BTC) investors as the largest cryptocurrency by market capitalization
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