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Up $0.76 or 0.92% The price of WTI crude futures are settling at $83.57. The close was lower this week and the first negative week in 10 weeks. The high for the day reached $83.74. The low extended to $81.41. The price last week closed around $84.15. With the settlement at $83.57 this week, the contract
November forex seasonals November is an interesting month for seasonals because there are a few strong trends and some that often interrupted. Cable is an interesting example. One the face of it, the 0.42% average decline over the past 20 years is unremarkable but when you strip out the past two US Presidential elections (2020
New Delhi: Domestic gold prices are expected to surge towards the highs of Rs 52,000-53,000 over the next 12 months. In 2021, prices of the precious metal have been trading between Rs 47,000 and 49,000 mark per 10 grams. However, gold prices had seen a surge during 2019 52 per cent and 25 per cent
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman called Friday for the Federal Reserve to begin reining in the support it has provided for the U.S. economy during the coronavirus pandemic. In separate tweets, the head of Pershing Square Holdings, with $13.1 billion
In this article AAPL Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs. Apple fell over 4% in extended trading. “We had a very strong performance despite larger than expected supply constraints, which we estimate to
AUD/USD fell on broad US dollar strength, as the greenback rose almost 1% in the US Dollar Index. European stock indices fell, while US equity indices rose, depicting a mixed-market sentiment, which benefited the US Dollar. US Core PCE rise overshadowed the Australian Retail Sales jump, weighed on the AUD/USD. The Australian dollar slid for
Dollar and Yen dropped sharply overnight on strong risk-on market, as NASDAQ finally caught up and made new record high. The greenback is additionally pressured by the delayed buying in Euro after ECB post-meeting press conference. For now, Canadian Dollar is the third weakest, following the retreat in oil price. On the other hand, Aussie
Dow industrial average closed at a record level as well taking out the October 26 high close the major indices all closed at record levels to and the month of October. S&P and NASDAQ post their best month since November 2020 Dow and S&P higher for the fourth straight week All 11 S&P sectors higher
Forex news for North American trading on October 29, 2021 It was month-end and also a Friday, which can be a formula for illiquid market conditions due to the flows in the market. It became clear in the North American session that dollar buying was the order of course. Going into the London fixing at 11 AM ET/1600 GMT,
New Delhi: Gold in the national capital on Friday slipped Rs 271 to Rs 46,887 per 10 gram reflecting a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,158 per 10 gram. Silver also slumped Rs 687 to Rs 63,210 per kilogram
Containers are stacked on the deck of cargo ship Seamax New Haven as it is under way in New York Harbor in New York City, U.S. October 13, 2021. Brendan McDermid | Reuters The U.S. economic recovery slowed sharply in the previous three months, as products remained stranded at normally bustling ports, employers struggled to
In this article CVX Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Chevron said Friday that it generated the highest free cash flow on record during the third quarter as surging commodities prices and lower operational costs
The pound finds buyers at 1.3665 after a 0.75% daily decline. The sterling suffers against a stronger USD. GBP/USD’s reaction to the BoE is unpredictable – MUFG. The British pound is attempting to find support at 1.3665 lows on Friday’s late US trading, after plummeting more than 0.7% on the day. End-of-month moves with November’s
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Bitcoin (BTC) is still in a corrective phase but Ether (ETH) has attracted strong buying, which pushed it to a new all-time high on Oct. 29. The successful Altair Beacon chain upgrade seems to have boosted sentiment and it also paves way for the merge with the Ethereum mainnet and the change to proof-of-stake. Meanwhile,
Dollar is trying to rebound broadly in early US session, partly on strong inflation data, and partly on month end flow. But overall, the greenback is just mixed for the week. For week Aussie and Swiss Franc are the strongest ones, with the latter lifted by strong buying against Euro. Yen is now the weakest