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In a close race with outgoing Brazilian President Jair Bolsonaro, Luiz Inácio Lula da Silva, also known simply as “Lula,” won the country’s presidential election following a run-off race. According to data from Tribunal Superior Eleitoral, Lula defeated Bolsonaro in an Oct. 30 run-off election with 50.9% of the vote — roughly 60.3 million people
The USDCAD moved down last week and in the process stalled near the 38.2% of the move up from the August low at 1.3500. There is a swing area near that level up sto 1.3510. Holding the support area, led to a rally on Friday. THe price moved near the 200 bar MA on the
We’ve been writing about this for months and evidence continues to mount that the US Energy Information Adminstration has a data problem. When July demand data cratered, it kicked of a demand-destruction trade in oil but when the monthly numbers were revised, they showed that gasoline demand was 300k barrels per day stronger than reported.
Gold price in the national capital fell Rs 146 to Rs 50,612 per 10 grams on Monday amid a drop in precious metal prices in the overseas market along with appreciation in rupee, according to Securities. In the previous trade, the yellow metal had touched Rs 50,758 per 10 grams. Silver also declined by Rs
Dollar rebounds broadly today as US futures turn south, pointing to a lower open. Yen is back under some selling pressure. But Euro is also weak despite stronger than expected consumer inflation data, while Sterling and Swiss Franc are also soft. Commodity currencies are mixed with Canadian Dollar on the weaker side. But overall, traders
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s on Thursday said traffic to its U.S. restaurants is growing, helping the fast-food giant top analysts’ expectations for its quarterly earnings and revenue. The company is bucking a trend seen by other chains, which have reported shrinking traffic after raising menu prices. Many restaurants, including McDonald’s and its
Gold tumbles and extends its yearly losses, eyeing the YTD low at around $1,615. Broad US dollar strength ahead of the Federal Reserve meeting keeps the precious metals segment under pressure. US ISM Manufacturing PMI and JOLTs Opening, eyed on Tuesday, before Fed’s decision. Gold price slides for the second consecutive day as the US
The Wall Street Journal had a piece over the weekend from Nick Timiraos, who has gained a reputation as a Federal Reserve ‘insider’. Timiraos wrote suggesting higher rates from the Federal Open Market Committee (FOMC), rates that’ll be held high for longer. Separately Goldman Sachs published a note raising their forecast for Fed rate hikes,
Gold prices were flat on Monday, after declining about 1.3% in the previous session, as investors cautiously awaited the U.S. Federal Reserve’s policy meeting for cues on its rate-hike path. FUNDAMENTALS * Spot gold was little changed at $1,642.59 per ounce by 0046 GMT, while U.S. gold futures were up 0.1% at $1,645.90. * The
In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT The Comcast building in New York. Scott Mlyn | CNBC Comcast on Thursday reported third-quarter earnings that beat analyst estimates, despite seeing revenue slightly decline and continued softness in broadband customer growth. The company’s shares closed 1.5% higher Thursday. Here’s how Comcast did in the
Gold price is auctioning above the $1,640.00 support amid ambiguous market mood. The Fed is expected to hike interest rates by 75 bps for the fourth time. ISM Manufacturing PMI gamut is seen lower than consensus which could impact the DXY. Gold price (XAU/USD) is displaying a lackluster performance in the Tokyo session as the
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? Join my trading tribe today and learn to trade the Forex markets properly – https://www.tradethemarket.co.uk/passive ? Lesson 5. Forex Trading for Beginners – Long Term vs Short Term Forex Trading // This is an important decision to make and one you should make early. It is difficult to do both, particularly in the early
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BNB (formerly known as Binance Coin) has hit new all-time highs against Bitcoin (BTC) as excitement grows over the cryptocurrency’s future role on Twitter. BNB sets new record against BTC Data from Cointelegraph Markets Pro and TradingView confirms that BNB/BTC briefly spiked above 0.15 BTC to a record 0.15267 BTC on Oct. 30. BNB, the in-house token
The USDCHF is trading higher today after an early dip in the Asian session. Technically, the move to the upside was able to get above a swing area between 0.9917 and 0.99299. Above that, and the price extended above its 100 hour moving average at currently at 0.99355. The high price for the day did