Impersonated twitter accounts Impersonators, often using the same avatar images as Musk’s own twitter account but slightly misspelling his username, pretend to be Musk and messages followers to send currency to a specific wallet address in exchange for receiving a larger payment in return. The scams violate Twitter’s policy against deceptive accounts. However, moderators have struggled
Credit Agricole on the euro Credit Agricole CIB Research discusses the latest readings from its FX positioning indicator. “According to our FX positioning gauge, the EUR was bought for most of the past week with real money investors driving most of the latest development. This makes sense, especially when considering that equity-related inflows may be
By Ravindra Rao NYMEX crude oil prices rose for four out of five trading sessions last week and yet logged a modest weekly gain of 0.7 per cent. Crude oil rates topped the $66 per barrel mark in the beginning of the week amid supply concerns relating to the US, as a major pipeline servicing
Starting with a record high in gold price last August, precious as well as industrial metals have all hit 52-week peaks over the past one year. Gold was joined by silver, palladium and then copper in the rally, which caught many investors by surprise. Gold has since seen a correction, with Comex (CME) spot gold
By Gaurang SomaiyaInflation may be an unavoidable phenomenon but it is starting to make a lot of people nervous. Most market participants believe that inflation is primed for rapid acceleration as trillions of dollars have been pumped by the Federal Reserve along with near-zero interest rates. But now, the question arises whether inflation will be
NEW DELHI: Gold in the national capital on Monday rose by Rs 348 to Rs 47,547 per 10 gram following a strong global trend, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,199 per 10 gram. Silver also zoomed Rs 936 to Rs 71,310 per kilogram from Rs
NEW DELHI: Nickel prices fell 0.24 per cent to Rs 1,299.50 per kg in the futures trade on Monday after participants offloaded their positions amid weak demand in the spot market. On the Multi Commodity Exchange, nickel contracts for the May delivery traded lower by Rs 3.10, or 0.24 per cent, to Rs 1,299.50 per
NEW DELHI: Zinc prices on Monday rose 0.45 per cent to Rs 232.20 per kg in the futures trade on a firm spot demand. On the Multi Commodity Exchange, zinc contracts for the May delivery rose by Rs 1.05, or 0.45 per cent, to Rs 232.20 per kg in 1,930 lots. Analysts said fresh positions
NEW DELHI: Aluminium prices rose 0.39 per cent to Rs 194.90 per kg in the futures trade on Monday as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for the May delivery gained 75 paise, or 0.39 per cent, to Rs 194.90 per
Domestic gold and silver prices rose to the highest levels recorded in a week, tracking a firm trend globally as a drop in US yields amid a steady dollar boosted the appeal of precious metals. MCX gold futures for June 4 delivery traded stronger the whole day and were last seen up 0.65 per cent
NEW YORK: Oil prices edged higher on Monday as European economic reopenings and rising US demand helped offset weakness earlier in the session due to surging coronavirus cases in Asia and underwhelming Chinese manufacturing data. Brent crude rose 56 cents, or 0.8%, to $69.27 a barrel by 11:22 a.m. ET (1522 GMT,) and West Texas
Gold prices climbed to their highest in more than three months on Monday, driven by weaker US Treasury yields and inflation concerns that weighed on investors’ appetite for risk. Spot gold jumped 1% to $1,859.67 per ounce by 10:31 a.m. EDT (1431 GMT), after hitting its highest since Feb. 2 at $1,861.02. US gold futures
Overall market sentiment stabilizes mildly entering into US session. Major European indexes pared back much of earlier losses, while US futures also turned positive. Even though US PPI showed stronger than expected reading, slightly better than expected jobless claims is support sentiment, in a way. Dollar attempt to extend rebound earlier, but quickly lost momentum
The forex markets are steady in Asian session today as sentiment stabilized, following strong rebound in US stocks overnight. Dollar is currently the second strongest for the week, just next to Sterling. But no key level was taken out with the rebound in the last few days. The greenback would need to look into retail
Year-to-date, Canadian dollar is the best performing currency against US dollar. Indeed, most of the gains has been accumulated after the April BOC meeting, at which policymakers announced QE tapering and hinted about rate hike in as soon as next year. Despite recent disappointment in macroeconomic data, we expect yield differential and crude oil price
Dollar is under selling pressure against after rather poor retail sales data. US futures also pare back some earlier gains and look vulnerable. Yen is currently following the greenback as the second weakest, while commodity currencies are the strongest, together with Euro. The question now is, whether Dollar’s decline could gather enough momentum for new