The financial markets are rather quiet today. Commodity currencies are paring back some of last week’s losses while Yen is retreating. But there is no change in the overall outlook, with the decline in Yen crosses more likely to continue than not. Trading could remain subdued first in European session with a light economic calendar.
Two impressive days for gold Central banks pulling back from hawkish talk has been a tailwind for gold in the back half of this week. That’s led to an impressive rebound from $1760 to $1813. At today’s high of $1815, gold traded at the best levels since September 6. The gold chart is a fascinating
Latest data released by the Japanese Cabinet Office – 8 November 2021 Prior 101.3 Coincident index 87.5 Prior 91.3 The figures reflect some moderation in economic conditions, with the coincident index assessment even downgraded to “weakening” from “improving” – the first time since August 2019. Supply bottlenecks will pose a threat to the outlook in
NEW DELHI: Gold prices gained on Monday as ease in bond yields and retreating dollar bolstered the precious metal’s appeal. Gold futures on MCX were trading higher by 0.27 per cent or Rs 131 at Rs 48,103 per 10 gram. Silver futures were up 0.61 per cent or Rs 391 at Rs 64,723 per kg.
In this article FSLR First Solar Inc. Source: First Solar First Solar‘s net sales declined during the third quarter, the company said Thursday, amid ongoing supply chain issues. Shares of First Solar slid as much as 2% in after hours trading following the quarterly report. Here’s how the company did versus analysts’ expectations, as compiled
GBP/USD testing offers near 1.3500 as Brexit concerns intensify GBP/USD appears to pause its recovery from two-month lows of 1.3424 in early Asian dealings on Monday, as Brexit concerns are seen returning, spoiling the party for the GBP trading. The 1.3500 remains a tough nut to crack for the GBP bulls, as the Irish Foreign
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The developments last week were a bit confounding, as both stocks and bonds rallied notably. Yen and Swiss Franc followed the path of falling yields and rose as the biggest winner of the week. Dollar was not much helped by Fed’s tapering and solid job data. Australia Dollar ignored broad risk-on sentiment, and ended as
A look at CAD/JPY Long yen crosses has been a great trade since late August but the push back from central banks led to a retracement this week. Is it a blip or something more? The moves in bond markets have been dramatic but in yen crosses that’s not the case, perhaps in large part
The ‘yes’ side appears to be on the way to a win Elon Musk is playing games on Twitter, saying he will sell 10% of his Tesla stock — worth roughly $30 billion — if the results say so. Time is ticking down on the poll and you can see which way it’s going. Obviously,
US President Joe Biden delivers remarks on the October jobs report from the State Dining Room of the White House in Washington, DC on November 5, 2021. Brendan Smialowski | AFP | Getty Images WASHINGTON – President Joe Biden lauded the October jobs report on Friday, saying the strong gains in employment and the falling
In this article RUN Sunrun solar. Source: Sunrun Sunrun said Thursday that its revenue during the third quarter more than doubled year over year as the company’s customer count topped 600,000. Shares of the company dipped as much as 2% during extended trading on Thursday. Here’s how Sunrun did versus analysts’ expectations, as compiled by
The S&P 500 closed at record highs for a seventh session in a row, climbing above 4700 intra-day. The index, and stocks more broadly, were boosted on Friday by positive US jobs and Pfizer pill news. It was a strong end to a strong week for the S&P 500 and other major US equity indices.
The price broke above the high from March 16 for the first time on Tuesday this week The Russell 2000 joined the stock market party this week by moving above the March 2021 high for the first time during Thursday’s trading. That high came in at 233.78 and although that level was tested in June
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Opec+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key consumers to pump more. President Joe Biden has been a vocal advocate of a larger supply increase and the decision from the group prompted the US to say it would consider a wide range of