The NY session started the session with USD as a solid leader when ranked vs the major currencies. It was up 0.37% vs the GBP and as high as 0.80% vs the NZD. Those gains were eroded in the morning session and is ending the day with declines of -0.44% vs the GBP, -0.27% vs
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Gold prices declined by Rs 285 to Rs 55,950 per 10 grams in the national capital on Friday amid weak global trends, according to HDFC Securities. The precious metal had settled at Rs 56,235 per 10 grams in the previous trade. Silver also tumbled Rs 620 to Rs 65,005 per kg. “Spot gold prices in
Dollar appears to be finally staging a broad based upside breakout today, with help from mild risk aversion. This week’s inflation and retail sales data suggested that risk to Fed tightening is more on the upside, and interest rate would at least stay high for longer. For now, Euro is following Dollar as the strongest
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Shares of Zillow popped more than 3% Wednesday in extended trading after the company released fourth-quarter earnings that beat analysts’ expectations on top and bottom lines. Here’s how the company did: Earnings per share: 21 cents adjusted vs. 7
Share: USD/MXN drops below last Thursday’s low, extending its losses to a fresh multi-year low of around $18.40. USD/MXN Price Analysis: A break below $18.40 would pave the way toward $18.00. The USD/MXN hit an almost 4-year-and-a-half month low around 18.4485, a level last seen in October 2018, extending its losses by 0.89% in the
The United States Securities and Exchange Commission has announced a $1.4-million settlement with former NBA player Paul Pierce for allegedly promoting a token project on social media. In a Feb. 17 announcement, the SEC said Pierce touted EthereumMax (EMAX) tokens through social media channels without disclosing he had received payment for the promotion and made
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
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
Gold hurtled towards a third straight weekly drop on Friday, dampened by the dollar’s advance following fresh hawkish rhetoric from the U.S. Federal Reserve officials. Spot gold was down 0.6% at $1,826.39 per ounce by 1302 GMT, after earlier falling to its lowest since late-December. Bullion has fallen about 2.1% so far this week. U.S.
Risk sentiment appeared to have turned negative after this week’s strong inflation data as well as hawkish comments from central bankers, not limited to Fed. Dollar is set to end as the best performer on expectations of higher terminal interest rate and risk aversion. But Euro is not too far away considering that ECB is
Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Images Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient production and exports in recent
In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT A Hasbro Monopoly board game arranged in Dobbs Ferry, New York, Feb. 6, 2022. Tiffany Hagler-Geard | Bloomberg | Getty Images Hasbro‘s 2023 outlook might feel like déjà vu. At first, anyway. The toymaker on Thursday announced its fourth-quarter results while issuing conservative guidance for
Share: Economist at UOB Group Loke Siew Ting reviews the latest BSP monetary policy meeting. Key Takeaways “Bangko Sentral ng Pilipinas (BSP) raised its overnight reverse repurchase (RRP) rate by 50bps to 6.00%, marking the eighth straight meeting of increases since May last year. It wasn’t a surprised move as we have highlighted in our
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After barely taking out the low from Monday at 1.06547 earlier today (the low reached 1.06536), the EURUSD started the recovery higher. The price has now erased the declines for the day and is above the close from yesterday at 1.0686. The current price is trading at 1.06945. The next target is at the falling
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