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The US stocks are bulled up today, with the Nasdaq leading the way in the major indices with a gain of 1.48%. The riskier stocks as measured by Cathy Woods ARK Innovation fund is doing even better with a gain of 2.85%. Typically, lower yields help that flow, but if you look at the US
The major stock indices are moving higher led by the NASDAQ which is up nearly 2% as Feds Waller’s comments are less hawkish than a feared. Dow Industrial Average is up 155 points or 0.47% at 33199.71 S&P is up 48.24. or 1.24 percent at 3947.01 NASDAQ index is up 213.41 points or 1.96% at
The year 2022 was the most volatile period ever for natural gas prices. Issues in the global supply chain of energy commodities due to the Russia-Ukraine war, export hindrances from the US, and unexpected weather conditions in major energy consuming countries resulted in unusual price fluctuations throughout the previous year. The benchmark US NYMEX gas
XAG/USD stays firm and climbs as the US Dollar remains offered across the board. Silver Price Analysis: Range-bound but could turn bullish above $24.50; otherwise, it could re-test the 50-DMA. Silver price extended its gains for the second consecutive day, cleared Thursday’s daily high of $23.93, and held its ground above the 20-day Exponential Moving Average
The EURUSD is back testing the high from earlier today and in doing is completing another up and down (or down and up) session for the pair. Each day this week, the price moved higher or lower and reverserd lower or higher. Today, the price moved higher initially, fell down, and returned back to the
There was little in the way of economic data today, but there was some final Fedspeak to end the week. It also would the last opportunity for Fed officials to speak ahead of their blackout period before the Fed meeting and decision on February. Fed’s George and Waller were both speaking. George is not a
QNew Delhi, Gold prices jumped by Rs 433 to Rs 57,025 per 10 grams on Friday amid a rally in the metal in the global markets, according to HDFC Securities. The precious metal had ended at Rs 56,592 per 10 grams in the previous trade. Silver also zoomed Rs 990 to Rs 69,208 per kg.
Yen’s weakness continues into US session after BoJ Governor Haruhiko Kuroda repeated his dovish stance. Swiss Franc is also trading notably lower, reversing some of this week’s gains. Aussie, Kiwi are extending recovery but there is no clear upside momentum. For the week, Sterling is still the strongest, followed by Swiss Franc while Yen is
A Cuban pilgrim participates in the San Lazaro procession at El Rincon church in Havana, on December 16, 2022. Yamil Lage | AFP | Getty Images Accusations of bribery, an imprisoned Cuban bank official and Interpol all feature in a high-stakes case against the Cuban government set to start Monday in the United Kingdom’s High
Silver prices have risen by 27% since mid-October 2022. Economists at ANZ Bank expect XAG/USD to perform well in 2023. Silver should not be ignored “We expect prices to correct in the short-term, but fundamentals are likely to be supportive over the next 12 months.” “The supply-demand balance looks strong. The growing adoption of green
Web3 technologies continue to infiltrate various mainstream industries to bring innovation to old systems. This includes legacy creative fields such as the music industry and more recently, the film industry. This year, the Slamdance Film Festival, an oscar-accredited film festival for indie filmmakers, will see the premiere of the new film “Fuzzy Head,” which received
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For the second consecutive week, the crude oil inventory data showed a larger than expected build. Last week, the build was 18.962M barrels. This week, another 8.408M were added (well above the -0.593M drawdown expected). And for the 2nd consecutive week, the price of crude oil initially dipped, only to rebound back higher. The price
Prior -0.4%; revised to -0.5% Retail sales -5.8% vs -4.1% y/y expected Prior -5.9%; revised to -5.7% Retail sales (ex fuel) -1.1% vs +0.4% m/m expected Prior -0.3% Retail sales (ex fuel) -6.1% vs -4.4% y/y expected Prior -5.9%; revised to -5.6% This is but another sign that the UK consumer is suffering as retail
Gold prices moved higher and look set for fifth consecutive weekly gains as investors bet on the safe haven amid uncertainty over the US Fed Policy. On Friday, gold futures were up 0.21% or Rs 121 at Rs 56,666 on . Analysts also attributed the rise in gold prices to fresh positions built by participants.