Global oil prices edged up on Thursday, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode. Brent crude futures for May were up 29 cents, or 0.34%, at $86.38 a barrel while the more actively traded June contract rose 28
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The price of crude oil is trading up $1.41 or 1.73% today at $82.77. With 1Q quarter end approaching, the price is up a solid 15.53%. The price at the end of the year closed at $71.65. The gain is the largest since Q3 in 2023 when the price surged 28.52% only to then decline
Mon: BoJ Tankan Survey (Q1), South Korea Prelim Trade Balance (Mar), Chinese Caixin Manufacturing PMI Final (Mar), US ISM Manufacturing PMI (Mar), US S&P Global Manufacturing PMI Final (Mar) Tue: RBA Minutes (Mar), CNB Minutes (Mar), South Korean CPI (Mar), EZ/UK Manufacturing PMI Final (Mar), German Prelim CPI (Mar), US Non-Durable Goods R (Feb), Chilean
Candlestick charts are a cornerstone of technical analysis, providing a visually intuitive way to understand price movements in the MCX Gold and Silver markets. By recognising specific candlestick patterns, traders can glean valuable insights into market sentiment and identify potential trading opportunities. Here, we’ll delve into several major reversal candlestick patterns that can be instrumental
Lynn Curry, nurse practitioner for Huntsville Reproductive Medicine, P.C., lifts frozen embryos out of IVF cryopreservation dewar, in Madison, Alabama, U.S., March 4, 2024. Roselle Chen | Reuters As legal battles over reproductive rights increase across the U.S., one area that could be impacted is egg freezing. In February, the Alabama state Supreme Court ruled
GBP/USD mildly up after PCE figures from the US meet expectations In Friday’s session, GBP/USD is being traded around 1.2640, registering a variation of 0.14% as investors digest the US February Personal Consumption Expenditures (PCE) figures. Read More… GBP/USD Price Analysis: The first downside target is seen at the 1.2600-1.2605 zone The GBP/USD pair trades on
USDJPY trades up and down The USDJPY remains in an up-and-down market as the day moves toward the close. The price is marginally higher now and tests the 100 hour MA at 151.39. The highs from earlier today did get above those levels, but could not sustain the upside momentum When the price is in
Markets: Markets closed for Good Friday FX essentially unchanged A holiday throughout global markets usually makes for a quiet news day but that wasn’t the case today with US PCE, Powell and some other odds-and-ends. The PCE report had something for everyone but there was some US dollar selling in the aftermath. I suspect some
(This story originally appeared in on Mar 30, 2024) HYDERABAD: A week after it vaulted over the $2,200/oz mark in international markets for the first time, gold touched yet another life-high of $2,236 in the wee hours of Friday. In March, it has gained 9.3%, logging its best month since July 2020 (see graphic). Though
[The stream is slated to start at 8:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] The Commerce Department on Friday will release the February reading for the personal consumption expenditures price index, which the Federal Reserve considers its most important inflation measure. CNBC TV will
The daily chart reveals slightly bullish momentum, with RSI at 52, signifying resilient buying traction. Indicators in the hourly chart denote a mild downward trend, which could hint at a potential shift. Buyers must successfully maintain the main SMAs to mitigate bearish threats and ensure bullish continuation. The EUR/JPY pair is currently trading at 163.13,
USD The Fed left interest rates unchanged as expected with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. Fed Chair Powell maintained a neutral stance as he said that it was
This week, Chinese President Xi Jinping spoke with American executives on Wednesday in a bid to short up confidence in the economy. He said that his country was “healthy and sustainable” and listened carefully to concerns from the leaders of Blackstone, FedEx, Qualcomm and others. Worries about the Chinese economy have eased recently but are
Gold prices rose in the opening trade on Thursday tracking positive trade in the international prices. The gains in yellow metal were on the back of some let-off in the dollar index (DXY). The MCX April gold futures were trading at Rs 66,491 per 10 grams, rising Rs 124 or 0.19% while May silver futures
Dollar dips mildly in the wake of the latest PCE inflation data, which largely met market expectations without delivering any significant surprises. Notably, headline inflation saw a slight uptick, primarily driven by rising energy costs. Core inflation saw a slight deceleration from last month’s upwardly revised figures. However, a key point of concern remains the
Inflation rose in line with expectations in February, likely keeping the Federal Reserve on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer. The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up 0.3%
Huawei brought one of the largest displays to Mobile World Congress in Barcelona in February 2024. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings. The company also attributed the profit gains to revenue growth of
Australian Dollar remains tepid as market bias leans towards RBA adopting a dovish stance. Australia’s central bank may consider cutting interest rates in the second half of 2024. US Dollar strengthens as recent data suggests that the Fed may delay implementing rate cuts shortly. The Australian Dollar (AUD) extends its losses for the second successive