The markets are trading in consolidative mode in Asia today. Dollar attempted to resume near term rally against Euro overnight, but quickly lost momentum. While Yen remains generally weak, selloff slowed, along with slight retreat in US 10-year yield, and retreat in stocks. Traders will turn their focuses firstly to UK GDP in European session,
German DAX tests its 100/50 day moving averages the major European indices are closing higher for the day and also closing higher for the week. The EuroStoxx 600 index rose by 2.6%. This was the best week since March.. UK’s FTSE 100 is trading at 7 month high. The German Dax test its 50 and
China September activity data Industrial Production 3.1% y/y expected: 4.5%, previous: 5.3% Retail Sales 4.4% y/y expected: 3.3%, previous: 2.5% Fixed Asset Investment (YTD) 7.3% y/y expected: 7.9%. previous: 8.9% YTD property investment is +8.8% y/y, infrastructure investment +1.5% y/y Unemployment rate in September 4.9% vs. 5.1% expected and prior of 5.1% While data is
TOKYO: prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switch to oil to meet heating demand needs. Brent crude futures gained 28 cents, or 0.3%, to $83.46 a barrel at 0107 GMT after falling 0.3% on Wednesday. U.S. West Texas Intermediate (WTI) crude
Gold is firming at a critical level of support on the daily chart. Stagflation risks are being weighed as a driver for gold. Oil prices are parabolic and supply chain disruption supports the bullish outlook for gold. The price of gold on Friday plummetted following signs that the US economy may not be declining at
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Ethereum is an open-source blockchain-based software platform with thousands of decentralized applications (DApps) that powers its native cryptocurrency, Ether (ETH), that can be sent and received globally without any third-party interference. First conceptualized in 2013 by Russian-Canadian programmer Vitalik Buterin, Ethereum was designed as a platform for self-executing, permanent and immutable DApps with use cases
Test of 100 hour MA at the high, finds sellers. The USDCHF on the hourly chart below, shows an up and down kind of day. That is the reverse of yesterday’s day which saw the price first move lower, before snapback higher. The run higher today reached up toward the 100 hour moving average and the 38.2% retracement
WTI crude oil up 97-cents to $82.28 What a run it’s been for the crude oil bulls in basically a straight line to $82 from $62 on August 23. This is the eighth straight week of gains in crude and the highest close since 2014. Today is contract expiration and there’s moderate backwardation through the
Gold was set on Friday for its best week in more than five months as a retreat in the U.S. dollar and Treasury yields lifted the metal’s appeal despite a looming Federal Reserve taper. FUNDAMENTALS * Spot gold held steady at $1,794.09 per ounce by 0115 GMT but was up 2.1% for the week so
Initial jobless claims fell below 300,000 for the first time since the early days of the Covid-19 pandemic, the Labor Department said Thursday. In another sign the jobs market is getting closer to its old self, first-time claims for unemployment insurance totaled 293,000, the best level since March 14, 2020, which saw 256,000 claims just
In this article BAC Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Getty Images Bank of America is scheduled to report third-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects:
What are the charts saying for the major currency pairs. Heading into the new trading week, what key technical levels are in play that traders around the world will be watching (and why?). Below are the stories….. EURUSD: The EURUSD traded to a a new low for the year this week taking out the October 6
Bonds continue to price in hikes The bond market is having a rethink on inflation and interest rates today. US 2-year yields are up 4.5 basis points today to 0.40%. It’s the highest since the start of the pandemic as the front end of the curve looks to make a move. A September 2022 hike
Gems and jewellery exports rose by 29.67% to Rs 23,259.55 crore in September 2021 compared to Rs 17,936.86 crore in the year-ago month, according to the Gem and Jewellery Export Promotion Council (GJEPC). In September 2019, the shipments were worth Rs 23,491.20 crore. For the April-September period, the shipments surged by 134.55% to Rs 1,40,412.94