Pulses prices have shot up during the recently concluded monsoon season, especially Kharif pulses, owing to lower production estimates compared to the last year, propelled by the erratic rainfall distribution in the key producing states like Maharashtra and Karnataka, and lower crop area this year as farmers shifted to competitive crops. Tur (Arhar) dal prices
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A “Now Hiring” sign is displayed during a job fair for Hispanic professionals in Miami, Florida. Marco Bello | Bloomberg | Getty Images The unemployment rate among Hispanic workers dropped sharply in September, but that could be due to fewer eligible adults looking for a job. Hispanic workers saw their unemployment rate fall to 3.8%
EUR/USD fell sharply with the initial reaction to US jobs report. Nonfarm Payrolls in the US rose by 263K in September. The pair remains on track to end the week little changed. EUR/USD managed to erase a large portion of its daily losses but lost its recovery momentum before reaching 0.9800. As of writing, the
The major US stock indices are still up on the week… The broader S&P and Nasdaq indices are both down over 2.2% on the day. The S&P is down -2.22%. The Nasdaq is down -2.85% That’s horrible. However, both indices still remain up on the week. Yahoo! Yippee! What a great starrt to October. A
Markets: Gold down $16 to $1695 US 10-year yields up 6 bps to 3.88% WTI crude up $4.06 to $92.51 S&P 500 down 115 points to 3629 USD leads, NZD lags The Fed-pivot talk went down in flames today and it didn’t even take a big surprise in the jobs report. The headline was basically
Gold prices have been on the rise recently, hovering around Rs 51,000 mark. The yellow metal has gained value, rebounding after six months of consecutive decline. For the last six months prices were on a declining spree. It was the rising interest rates which was actually driving the dollar index on the higher trajectory and
Dollar rises broadly after US published another set of robust non-farm payroll job data. As Fed got a nod from the report for continuing its aggressive tightening, US stock futures are trading knocked down while treasury yields jump. Canadian Dollar is also lifted slightly by solid employment data too. In immediate actions, Euro and Swiss
The Go! Go! Curry restaurant has a sign in the window reading “We Are Hiring” in Cambridge, Massachusetts, July 8, 2022. Brian Snyder | Reuters September’s jobs report provided both assurance that the jobs market remains strong and that the Federal Reserve will have to do more to slow it down. The 263,000 gain in
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The US Nonfarm Payroll report showed that the country added 265K jobs in September. Wall Street holds on to intraday losses but pared the bleeding. GBP/USD cannot bounce ahead of the weekly close, hinting at more pain ahead. Following the US monthly employment report, the American dollar rallied, pushing GBP/USD down to an intraday low
The US 10 year yield has moved up to a session high of 3.811%. Just 2 days ago the yield was down at 3.564%. Looking at the hourly chart, the price has moved above the 50% midpoint of the move down from the September 28 high at 3.792%. The yield stay below that level yesterday
It’s an earlier than usual finish for me today, so I’ll leave you with the Newsquawk US Market Open Preview and wish you all an amazing weekend. Summary European bourses are modestly on the backfoot, though have trimmed this slightly as the session progresses, in limited newsflow pre-NFP. Stateside, futures are similarly contained and lie
Gold price in the national capital rose Rs 37 to Rs 52,300 per 10 grams on Friday amid depreciation in rupee, according to HDFC Securities. In the previous trade, the precious metal had touched Rs 52,263 per 10 grams. Silver also gained Rs 311 to Rs 62,022 per kg from Rs 61,711 per kg. The
The forex markets are still staying in consolidative mode for now, awaiting guidance from US non-farm payrolls. For now, some Fed hawks are rather clear that there’s seeing no case for slowing down tightening yet. Fed fund futures are pricing in over 70% chance of another 75bps hike in November. But such expectations could be
The U.S. Federal Reserve has been raising rates too quickly, and recession risks will be “extremely” high if it continues to do so, said Jeremy Siegel, professor emeritus of finance at the Wharton School of the University of Pennsylvania. “They should have started tightening much, much much earlier,” he told CNBC’s “Street Signs Asia” on
USD/CHF has hit the 0.99 level. Nonetheless, economists at UBS expect the pair to ease back lower towards 0.96 by the end of the year. Swiss National Bank to remain on a tightening path “While Swiss inflation moderated both on a YoY and MoM basis in September, we believe the SNB remains on a tightening