Gold price rose Rs 59 to Rs 55,241 per 10 grams in the national capital on Thursday amid gains in precious metal in overseas markets, according to Securities. In the previous trade, the yellow metal had touched Rs 55,182 per 10 grams. Silver, however, slipped Rs 194 to Rs 69,413 per kilogram. “Spot gold prices
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Dollar is trying to strike back as traders are likely starting to light up their positions ahead of holidays. But for now, Yen and Euro are so far the more resilient ones. Sterling is sold off broadly earlier today but it’s not worse the Kiwi. Aussie is also quickly paring back earlier gains. Technically, GBP/CHF
In this article MU Follow your favorite stocksCREATE FREE ACCOUNT Semiconductor maker Micron announced Wednesday that it would reduce its headcount by about 10% in 2023, in the latest example of a technology industry slowdown affecting employment. Shares of Micron fell more than 1% in extended trading. related investing news Here are Wednesday’s biggest analyst
Gold is under pressure as US yields jump after US data. US Q3 GDP was revised from 2.9% to 3.2%. Wall Street extends losses, US Dollar soars. Gold prices dropped sharply from nearly $1,820, reaching levels under $1,800 following the release of US economic reports. Looking for Santa’s rally Economic data released in the US
Mark Minervini won the US Investing Championship for a second time. He used the same trading strategy as he used when he won in 1997. The trading concept has been widely used by many of the best traders in the world, its foundation is based on consolidation followed by a breakout. In this video we
Forex leverage is a great tool for beginners in forex trading to understand. In this video I will explain everything you need to know about forex leverage, pip, and lot sizes. Leverage involves borrowing a certain amount of the money needed to invest in something. In the case of forex, money is usually borrowed from
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The EURUSD held above the 200 hour MA during 2 tests yesterday and again today. Then the level was broken and failed in each of the prior two hourly bars. Now on yet another attempt, the MA is being broken with the pair moving to a new day low. Can the sellers now keep the
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Oil prices rose for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks seen tight just as a chilly blast hits the United States and travel is set to soar for the holiday season. U.S. West Texas Intermediate (WTI) crude futures climbed 35 cents, or 0.5%, to $78.64 a
The markets become rather directionless again in Asian session. Yen is paring some gains as the boost from BoJ faded. Swiss Franc, Aussie and Kiwi are on the weaker side too. On the other hand, Canadian and US Dollar are the stronger ones for the day. Both are awaiting economic data release, including Canadian CPI
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and closing some offices in the face of softening global demand. It also raised package-delivery
GBP/USD recovers from three-week low amid broad US Dollar pullback. Upbeat UK CBI Retail Sales favor bulls, but British medical worker’s strike probe Cable bulls. Softer Treasury yields, mixed US data probe USD ahead of US Q3 GDP. UK’s Q3 GDP is expected to confirm a 0.20% QoQ contraction. GBP/USD prints mild gains around 1.2110
Crypto exchange Coinbase was granted permission by the Central Bank of Ireland to act as a virtual asset service provider (VASP), according to a Dec. 21 announcement. The company’s operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup. Under the VASP registration, Coinbase Ireland will be
The AUDJPY is down sharply today (down -4.88% to be exact). That move has taken the price below the swing low from May 2022 at 87.29 and down to a low of 87.01. That low was within 16-17 pips of the rising 100 week moving average currently at 86.844. The price of the AUDJPY has
Prior report revised up to to 101.4 from 100.2 Consumer confidence rises to 108.3 from 101.4 last month (revise form 100.2). Estimate was at 101.0. Present situation Index 147.2 in December versus 138.3 (revised from 137.4) Expectations index 82.4 vs 76.7 last month (revised from 75.4). 1 year inflation expectations 6.7% in December down from
The yellow metal kicked off 2022 with all glam and glitter — for once the geopolitical crisis between Russia and Ukraine can be credited for this. It actually pushed the demand for the yellow metal higher. After a corrective phase, following successive rate hikes by central banks, the year-end once again saw the prices of
The markets appear to be back in risk-on mode as seen in major European indexes and US futures. Aussie is recovering notably, followed by Swiss Franc. But New Zealand Dollar is the weakest for the day, followed by Sterling and then Yen. Dollar and Euro are mixed. As for the week, Kiwi is the worst