The Bureau of Indian Standards (BIS) website and FAQs do not capture many key points on hallmarking, discussed between the gems and jewellery industry and the government, causing confusion and disruption amongst jewellers, All India Gem and Jewellery Domestic Council (GJC) said on Saturday. In this regard, the industry body has written to Union Minister
Dollar ended as the strongest one last week but Friday’s steel fall after solid non-farm payroll job reports suggests that it’s rally is already losing steam. It’s still a bit early to call a bearish reversal for the greenback. Yet, strong risk-on sentiments could cap Dollar’s upside attempts ahead, and even trigger a deeper pull
Job growth leaped higher in June as businesses looked to keep up with a rapidly recovering U.S. economy, the Labor Department reported Friday. Nonfarm payrolls increased 850,000 for the month, compared to the Dow Jones estimate of 706,000 and better than the upwardly revised 583,000 in May. The unemployment rate, however, rose to 5.9% against
As if 2020 didn’t provide enough nail-biting moments, 2021 is shaping up to be quite an interesting year for cryptocurrency. With the price of Bitcoin (BTC) floating around the $35,000 mark, skeptics and pundits are flocking to the streets of social media to celebrate the long-awaited demise of the decentralized economy. Of course, they quite
NASDAQ closes at a record and so does the Dow… The S&P index is up for the seventh straight day and closes at a record level once again. It is the 7th record high close for the S&P. The NASDAQ index also closed at a record today that is the second consecutive record close for
Forex news for North American trading on July 2, 2020 In other markets as the week comes to a close shows: Spot gold is trading up $10.69 or +0.6% at $1787.29. Spot silver is up $0.44 or 1.69% $26.45 WTI crude oil futures are trading down nine cents or -0.11% at $75.15 Bitcoin is trading down $293
Gold rose on Friday, climbing further up from a two-month trough hit during the week, as the dollar weakened and investors weighed prospects for U.S. Federal Reserve tightening after a strong U.S. jobs report that nevertheless showed a slight uptick in the unemployment rate. Spot gold rose 0.3% to $1,781.77 per ounce by 12:48 pm
Dollar’s rally resumes after brief consolidation as focus now turns to non-farm payroll report. While some Fed officials might sound optimistic on their expectation on tapering later this year, it’s certain that Fed won’t move unless upbeat outlook is realized in economic data. Successive solid job growth for a few months is needed to give
US President Joe Biden speaks on the June jobs report in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, DC on July 2, 2021. Mandel Ngan | AFP | Getty Images WASHINGTON — President Joe Biden responded to the June jobs numbers on Friday, saying the
GBP/USD analysis: Reaches below 1.3750 The 1.3820 level provided enough resistance for the GBP/USD to pass below the lower trend line of the channel down pattern, which guided the rate since June 23. During Friday’s trading hours, the rate fluctuated sideways near the 1.3750 mark. In theory, the pair should decline, as it has no
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Buyers trying to keep control In an earlier post, I spoke of intraday support near the 100/200 bar MA on the 5 minute chart and the 50% retracement level of the day’s trading range: On the downside, the 50% midpoint of the day’s trading range comes in at 1.37602 (see five minute chart below). That
200 hour MA swing area and 50% of the move up from June 23 The USDCAD is trading to a new session low and in the process is testing a cluster of support defined by the 200 hour moving average, the 50% retracement of the move up from the June 23 low, and a swing area between
NEW DELHI: Gold in the national capital on Friday gained Rs 251 to Rs 46,615 per 10 gram in line with firm global trends and rupee depreciation, according to HDFC Securities. The precious metal had in the previous trade closed at Rs 46,364 per 10 gram. Silver, however, fell Rs 256 to Rs 68,458 per
Dollar struggles to ride on stronger than expected non-farm payroll growth, and it’s indeed retreating notably in early US session. Stocks are also not too enthusiastic so far, with DOW futures up only around 0.2% at the time of writing. Still, the greenback is more likely to finish as the strongest one for the week,
Robust hiring at restaurants and bars, local public schools and retailers helped lead the U.S. economy to post 850,000 jobs in June 2021. Strong hiring in those industries further suggests a booming recovery for those employers that were hit hardest during the Covid-19 pandemic as Americans rush to return to indoor dining and shopping. CNBC