Gold in the national capital on Thursday jumped Rs 434 to Rs 50,887 per 10 grams, supported by rally in the yellow metal prices in the international markets along with rupee depreciation, according to securities. In the previous trade, the precious metal finished at Rs 50,453 per 10 grams. Silver also rallied by Rs 918
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Dollar weakens mildly further after worse than expected ADP job data. But selloff is limited as traders are probably cautious ahead of tomorrow’s non-farm payrolls. But overall, Yen remains the worst performing one for the week. Sterling and Euro are the next weakest even though both are trying to recover some ground. Australian Dollar is
In this article LULU Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon on Thursday reported fiscal-first quarter profit and revenue outpacing Wall Street’s expectations, boosted by growth online and in the retailer’s men’s division. The athletic apparel retailer also raised its
USD/JPY has climbed to near 130.00 despite weaker DXY. A poor US ADP Employment Change is advocating a dismal show from the US NFP. The Japanese docket will report its GDP numbers next week. The USD/JPY pair is oscillating in a narrow range of 129.70-130.05 in the early Asian session. The asset has turned rangebound
The USDCHF broke above the 200 hour MA on the USDs run higher earlier today. That move broke above its 200 hour moving average near 0.9622 (at the time of the break). It was the 1st move above the moving average since May 18. The price has come back off over the last 5 hours
Here’s a look at the major indices in Europe and US futures: Eurostoxx +0.7% Germany DAX +0.8% France CAC 40 +1.0% Spain IBEX +0.2% S&P 500 futures +0.5% Nasdaq futures +0.6% Dow futures +0.4% It is a London holiday so it is making for some quieter trading in Europe but there are some decent moves
Gold prices retreated further on Thursday as the greenback strengthened, denting bullion’s demand among investors. However, lower treasury yields capped losses. Benchmark US 10-year Treasury yields dipped, buoying the appeal of zero-yield gold. However, the dollar steadied after hitting a more than one-week peak on Wednesday, making bullion less attractive for overseas buyers. Gold futures
Yen’s selloff continued overnight together with strong rebound in US 10-year yield. The Japanese currency remains pressured in Asian session and remains vulnerable. At the same time, Euro and Sterling are also weakening notably. Dollar is rebounding, but for now, Canadian and Australian are still the strongest one for the week. There is prospect for
Economist at UOB Group Lee Sue Ann assesses the latest inflation figures in the euro area and its potential impact on the ECB’s policy. Key Takeaways “Eurozone CPI rose to an all-time high of 8.1% y/y in May, up from 7.5% y/y in Apr. The acceleration was driven by food and energy largely affected by
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Bitcoin mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens. May has been one of the worst months for Bitcoin miners in the past year as revenue and profitability continue to tank. Bitcoin daily mining revenue tanked as much as 27% in May, according
The EURUSD move sharply lower on the back of the run into the USD after stronger data today. The price moved down to and through recent swing lows at 1.06787, 1.0661 and the swing area between 1.0633 to 1.0641. What was not reached was the 38.2% of the move up from the May 13 low
Westpac updated AUD/USD forecast: The economic ripples from Russia’s invasion of Ukraine continue to underpin energy prices, strengthening the outlook for Australia’s already large trade surpluses. But the Aussie remains at risk against a US dollar-backed by the Fed’s determination to frontload rate hikes and shrink its balance sheet, a notably more aggressive tightening stance
New Delhi, Jun 1 (PTI) Gold in the national capital on Wednesday declined by Rs 353 to Rs 50,509 per 10 grams amid muted global trends along with rupee appreciation, according to Securities. In the previous trade, the precious metal finished at Rs 50,862 per 10 grams. Silver dipped Rs 123 to Rs 60,834 per
Australian Dollar is leading commodity currencies higher again, on the back of positive market sentiment. The Aussie is additionally support by better than expected GDP data, which affirms the case for more RBA rate hike. Canadian Dollar is also firm, awaiting BoC’s hawkish rate hike. Yen is the worst performing one, following the rally in
In this article GME A GameStop location in New York, Dec. 23, 2021. Scott Mlyn | CNBC GameStop reported $1.38 billion in revenue in its fiscal first-quarter earnings report Wednesday, up slightly from the $1.27 billion it reported in the year-ago quarter. But, it also reported a $157.9 million net loss, which is worse than
AUD/USD is consolidating the recent volatility and has left a doji on the daily chart. The price could be in for some sideways action as markets take a rest bite ahead of more critical US events. At 0.7150, AUD/USD is flat on the day and trading in the middle of the overnight ranges. It has