NEW DELHI: Gold prices edged lower on Monday but hovered near a three-month high following the weakness in the US dollar amid expectations of a less aggressive Federal Reserve rate-hike trajectory. Gold futures on were trading lower by 0.43 per cent or Rs 224 at Rs 51,402 per 10 grams. However, silver futures plunged about
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A simple and clean technical analysis snapshot for the Japanese Yen vs US Dollar USDJPY is still in Short after crossing down a bullish channel shown in the price chart image and the technical analysis video below The crossing down triggers a bear flag, on the daily timeframe. This simple technical analysis formation tends to
The dollar selling is persisting in European morning trade with the greenback under pressure across the board. The key technical levels from the previous posts are being contested now and we could see another leg lower in the dollar stretch out in the sessions ahead if we do get some daily closes above those key
Yen’s broad-based rally continues in quiet Asian session today. Dollar and European majors are generally steady. Some weakness is seen in Aussie and Canadian, but selling is so far limited. In other markets, sentiment is mixed with slight recovery seen in some Asian stock markets, including Japan. Gold is consolidating last week’s gain and remains
The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate. That follows a 1.6% decline in the first
In this article CMCSA CMCSA Comcast reported second-quarter revenue and earnings that topped analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever. Comcast’s high-speed internet customers in the quarter were flat, trailing the 84,000 average analyst estimate, according to FactSet. The company’s shares fell more than 9%
USD/JPY witnesses heavy selling for the fourth straight day and drops to a one-and-half-month low. The USD selling bias, the narrowing of the US-Japan yield differential continue to exert pressure. Ascending trend-line breakdown now supports prospects for a further near-term depreciating move. The USD/JPY pair witnessed some selling pressure for the fourth successive day on
US 10 year yield trading to new lowsThe US 10 year yields are trading at session lows of 2.624%. The high yield for the day reached 2.728%. The yield has moved below swing lows from April 13 and April 14 at 2.648% and trades at the lowest level since April 7. The next target comes
Iran’s deputy Foreign Minister for Political Affairs and head of the country’s negotiations to reboot the nuclear deal (JCPOA). Says “We shared our proposed ideas, both on substance & form, to pave the way for a swift conclusion of Vienna negotiations which were aimed at fixing the damaging complicated situation caused by the U.S. unilateral
Gold prices were flat on Friday and poised for a fourth consecutive monthly drop, as an elevated U.S. dollar and aggressive monetary policies from top central banks continued to erode demand for bullion. FUNDAMENTALS * Spot gold was flat at $1,755.59 per ounce, as of 0045 GMT. U.S. gold futures edged up 0.1% to $1,752.70
Neel Kashkari, Minneapolis Federal Reserve Brendan McDermid | Reuters If you’re debating whether or not the U.S. is in a recession, you’re asking the wrong question, according to a top Federal Reserve official. “Whether we are technically in a recession or not doesn’t change my analysis,” Neel Kashkari, president of the Federal Reserve Bank of
In this article AMZN Amazon shares climbed more than 13% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here’s how the company did: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the
Gold price is set for a fresh upside rally after breaching the demand zone in a $1,768.32-1,772.22 range. A higher US PCE print indicates that rising interest rates are failing to slow down the inflation rate. The US ISM Manufacturing PMI is expected to remain lower at 52 vs. 53 reported earlier. Gold Price (XAU/USD)
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In this video, I share a simple strategy to SHORT CADJPY dominance on pullback. #cadjpy #cadjpyforecast #forextrading Please Like, Share, Subscribe?
Old school technical analysis says that price itself is the most inportant technical indicator. Some claim that the most important part of technical analysis lies in the price itself, as it travels through time. ETH, in terms of technical analysis, is also a potential bear flag. Bear flags extend/continue a downward trend. The bear flag
Official PMIs come from the China National Bureau of Statistics and the China Federation of Logistics and Purchasing. For July: Manufacturing 49.0, its lowest in 3 months and back into contraction expected 50.3 and prior 50.2 China’s NBS attributes the result, according to statements reported in State media (Xinhua), to traditional production off-peak period, insufficient