Three day up streak to end the week The USDCHF closed the week on a more bullish note. The price closed higher for the third day in a row. On Wednesday, the low for the week stalled at the lower trend line and bounced higher (bullish bounce) Also on Wednesday, the price moved back above
Democrats unsure about Manchin on Build Back Better legislation CNN’s Manu Raju reports that Democrats are more worried about losing Sen Joe Manchin’s vote in the reconciliation package than Krysten Sinema. While Democrats are uncertain where Manchin will come down, they are far more reassured that Arizona Sen. Kyrsten Sinema will ultimately back the Build
New Delhi: Markets regulator Sebi has amended rules to introduce silver exchange traded funds, a move that will expand the options available for investing in commodities through stock exchanges. Currently, Indian mutual funds are allowed to launch ETFs (Exchange Traded Funds) tracking gold. The watchdog has amended the rules to enable the introduction of silver
Shipping containers in the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle Grillot | Bloomberg | Getty Images The rate of consumer price increases jumped to a three-decade high in October as supply chain disruptions and holiday-shopping demand fueled inflation across a range of industries. But as hot
In this article AMZN AFRM Drew Angerer / Getty Images Shares of Affirm, the digital “buy now, pay later” company, soared as high as 30% in after-hours trading Wednesday, after the company said it would expand its partnership with Amazon. The company also beat analyst estimates on revenue in the fiscal first quarter. Here’s how
USD/CAD slump for the first time in three days after posting losses of almost 1.70%. USD/CAD fell amid US dollar weakness across the board. USD/CAD: The 1-hour chart depicts a triple top chart pattern, with a target of 1.2530. USD/CAD struggles to gain traction above 1.2600, is falling 0.31%, trading at 1.2549 during the New
The Central Committee of the Chinese Communist Party (CCP) expels a top provincial official after investigations suggest unlawful emgagement with crypto mining activities among other abuse of power. The Central Commission for Discipline Inspection (CCDI) alleged that Xiao Yi, former vice-chairman of the Chinese People’s Political Consultative Conference from Jiangxi province abused his state-backed administrative
Traders added to the bet of a June rate hike by Fed after stronger consumer inflation reading. Dollar surged across the board with Dollar index taking out an important fibonacci level. Benchmark currency yields staged a strong rebound. But stocks were very resilient despite intensify speculation of an early Fed hike and rising yields. Gold
NASDAQ index leads the way The major US indices are rebounding today and closing near session highs. The solid gains also cut into the losses for the week. However major indices still closed lower for the first time in six trading weeks. The Dow industrial snapped a three day losing streak S&P and NASDAQ closed
Forex news for North American trade on November 12, 2021: Markets: Gold up $3 to $1865 US 10-year yields up 2 bps to 1.57% WTI crude oil down 78-cents to $80.81 S&P 500 up 32 points to 4681 AUD leads, EUR lags The UMich survey has a spotty recent history but a 10-year low is
Gold was flat on Friday but was set for its biggest weekly jump in six months, as high U.S. consumer prices drove interest in the metal as an inflation hedge. FUNDAMENTALS * Spot gold was steady at $1,860.81 per ounce by 0110 GMT, after leaping to a five-month peak on Wednesday. U.S. gold futures edged
A pedestrian walks by a now hiring sign at a Lamps Plus store on September 16, 2021 in San Francisco, California. Justin Sullivan | Getty Images Consumer confidence hit a 10-year low in November as inflation climbed to the highest levels since the early 1990s, complicating efforts from policymakers to sell the case that the
In this article CPRI TPR A man walks past a Coach store on Madison Avenue in New York, January 23, 2013. Carlo Allegri | Reuters Coach owner Tapestry shares were up more than 8% on Thursday, as the high-end handbag owner hiked its revenue forecast for the year and said shoppers shouldn’t worry about finding
USD/JPY reached two-week tops around 114.00 retreating the upward move as the New York session began. The USD/JPY pair fell amid US dollar weakness across the board. Flat US bond yields undermined the US dollar prospects against the Japanese yen. The USD/JPY retreated from weekly tops around 114.00, fell 0.17%, trading at 113.88 as the
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Overall, trading in the forex market is rather subdued today. Dollar is retreating mildly but remains the strongest one for the week. Yen remains the distant second, while Sterling is third. On the other hand, Australian Dollar is the weakest one, followed closely by New Zealand Dollar. Euro and Swiss Franc are mixed. Gold also
The price closed at $1862.22 yesterday The price of gold has erased its earlier declines and now trades higher on the day. The closing level came in at $1862.22 yesterday. The current price is trading at $1865.34 up $3.41 or 0.19%. Looking at the hourly chart below, the price has been up for eight consecutive hours. The next