Crude oil futures are settling at $73.56 which is down -$0.40 or -0.54%. The high price today reached $74.96. That high was within shouting distance of the falling 200-day moving average is $75.34 ($0.38). The price has not traded above the 200-day average since October 8 (the break above that MA failed on that day).
Markets: WTI crude oil fell $0.49 or -0.65% at $73.43 Gold down $-2.23 or -0.08% at $2636.47 silver euros $0.35 or less 1.17% at $29.94 Bitcoin is back above the $100,000 level at $101,830. The high price reached $102,514 The US dollar fell versus most of the major currency pairs with the exception of the
Gold February futures contracts at MCX opened flat on Monday at Rs 77,260 per 10 gram, which was down by 0.07% or Rs 57 while silver March futures contracts were trading at Rs 89,272/kg, up by 0.06% or Rs 51. So far in January, gold prices have increased by Rs 500/10 grams, while silver prices
Dollar weakened significantly, while stock futures rebounded, amid reports suggesting that the incoming Trump administration may scale back its plans for sweeping tariffs. According to The Washington Post, discussions among President-elect Donald Trump’s aides now lean toward imposing tariffs only on critical sectors tied to national or economic security, rather than blanket levies on all
U.S. President-elect Donald Trump looks on during Turning Point USA’s AmericaFest at the Phoenix Convention Center on December 22, 2024 in Phoenix, Arizona. Rebecca Noble | Getty Images President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the focus to a select set of goods and services,
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than
Federal Reserve (Fed) Board Member and Vice Chair for Supervision will be stepping down from his regulatory role. The announcement came from a Federal Reserve press release and is expected to take place at the end of February. Fed’s Barr to step down from bank oversight role effective February 28, or when a successor is
Fundamental Overview Despite the spike lower triggered by the last FOMC decision, gold didn’t extend the fall and remained confined in the range between the 2600 support and the 2721 resistance. The FOMC decision was perceived as more hawkish than expected but apart from some slight tweaks, the Fed just met the market’s pricing. The
Final Services PMI 51.1 vs 51.4 expected and 50.8 prior. Final Composite PMI 50.4 vs 50.5 expected and 50.5 prior. Key Findings: Employment declines for the third month in a row. Marginal increase in business activity. Input cost inflation accelerates to an eight-month high. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said:
Oil prices dipped on Monday amid a strong U.S. dollar ahead of key economic data by the U.S. Federal Reserve and U.S. payrolls later in the week. Brent crude futures slid 28 cents, or 0.4%, to $76.23 a barrel by 0800 GMT after settling on Friday at its highest since Oct. 14. U.S. West Texas
Yen struggles today even as risk aversion set the tone across Asian markets. Nikkei extended its retreat after briefly breaching 40k psychological level last week, as the rally proved unsustainable for investors. Adding to Yen’s woes, December PMI Services data highlighted only marginal growth, failing to provide a meaningful lift to the broader economy. Meanwhile,
Gold price attracts some follow-through selling for the second successive day on Monday. The Fed’s hawkish shift remains supportive of elevated US bond yields and exerts pressure. Geopolitical risks and trade war fears could offer some support to the safe-haven XAU/USD. Gold price (XAU/USD) turns lower for the second straight day following an intraday uptick
The USDCHF is lower on the day and testing a swing area going back to April and June 2024 between 0.9086 and 0.90978. If the sellers are to keep pushing, getting and staying below the high of that swing area (up to 0.9100 level) is required. On the downside, the rising 100-hour moving average comes
The Caixin/S&P Global China General Services PMI is scheduled for release today, January 6, 2025, at 01:45 UTC, which is January 5 2045 US Eastern time: Over the past six months, the Caixin/S&P Global China General Services PMI has indicated consistent expansion in the services sector, with readings above the 50-mark. However, there have been
Gold prices edged higher on Friday, building on a 1% gain from the previous session, boosted by safe-haven demand, while focus on the Fed’s rate outlook and U.S. President-elect Trump’s proposed trade tariffs. FUNDAMENTALS * Spot gold rose 0.1% to $2,660.25 per ounce, as of 0018 GMT, hovering around over two-week low hit on Thursday.
GBP/USD climbed back above the 1.2400 handle on Friday. Markets pivoted into a cautiously risk-on stance to end the week. UK data broadly missed the mark on Friday, US PMI figures beat the street. GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
UPCOMING EVENTS: Monday: China Caixin Services PMI, German CPI, Canada Services PMI. Tuesday: Switzerland CPI, French CPI, Eurozone CPI, US ISM Services PMI, US Job Openings. Wednesday: Australia Monthly CPI, Eurozone PPI, US ADP, FOMC Minutes. Thursday: Japan Average Cash Earnings, Eurozone Retail Sales, US NFIB Small Business Optimism Index, US Jobless Claims. Friday: Switzerland
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