Extending the losses for the second straight session, gold and silver prices slumped in the national capital on Thursday in line with weak trends in the global markets. According to HDFC Securities, gold prices declined Rs 50 to Rs 72,250 per 10 grams in Delhi. It had settled at Rs 72,300 per 10 grams in
British pound experienced some volatility following BoE’s rate decision, which revealed a dovish tilt in both the voting pattern and the language used. Sterling dipped initially, but then made a swift recovery, surviving as Governor Andrew Bailey dovish remarks in his follow-up press conference. Bailey stressed it’s not time to cut interest yet. But for
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Warner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top and bottom lines. Here is
The Australian Dollar has halted its losses after Chinese Trade data due to the trade relationship between Australia and China. Australian Retail Sales declined in the first quarter, swinging from the previous quarter’s growth. The US Dollar rose due to expectations of the Fed maintaining higher interest rates for an extended period. The Australian Dollar
The BOE rate decision will announced at 7:00 AM. No change is expected. However, it is in the nuances of the statement and comments that will drive the roadmap for traders – either bullish or bearish. To understand that, it is important to understand where the technical levels are that the “market” will pay attention
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices were steady on Wednesday, while market participants awaited fresh cues from U.S. Federal Reserve officials for further clarity on the timeline for potential interest rate cuts. FUNDAMENTALS * Spot gold held its ground at $2,314.29 per ounce, as of 0037 GMT. U.S. gold futures lost 0.1% to $2,322.90. * Lower rates raise the
Dollar’s rebound gained some momentum in Asian session today on resurgence of risk aversion. Selloff in Japan was most notable where key industry leaders like Fast Retailing, Nintendo, and Toyota saw substantial declines. The sentiment was further dampened after remarks from BoJ Governor Kazuo Ueda, who reiterated that Yen’s extended weakness might necessitate monetary policy
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Airbnb reported first-quarter results on Wednesday that beat analysts’ estimates but offered weaker-than-expected guidance. Shares fell
Canadian Dollar rebounds after previous day’s downside. Canada is absent from the economic calendar on Wednesday. BoC’s Macklem due Thursday to deliver latest Financial System Review. The Canadian Dollar (CAD) rebounded across broader markets on Wednesday, regaining ground lost in the previous sessions. Markets remain thin as traders await meaningful data and watch for talking
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Amidst a robust US Dollar weak global trends, gold prices on MCX traded on a lacklustre note on Wednesday. Gold futures on MCX rose Rs 34 or 0.05% to Rs 71,182 per 10 grams while MCX July silver contracts gained Rs 111 or 0.13% to Rs 82,989 per kg. Gold and silver prices lost momentum
The financial markets are relatively quiet entering into US session. Despite a significant downturn in Japanese equities earlier, European markets have remained resilient, with major indices post modest gains. In the commodities sector, oil prices continue their near term decline, driven by expectations of increased supply coupled with dampened demand projections. Conversely, gold is e
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Uber reported first-quarter results on Wednesday that came in slightly above analysts’ estimates for revenue, but the
Japanese Finance Minister Shunichi Suzuki said on Wednesday that rapid foreign exchange (FX) movements are undesirable. However, Suzuki declined to comment on whether the US has agreed on Japan’s FX intervention. Key quotes “Disorderly FX movements negatively impact the economy.” “Cannot comment on whether the US has agreed on Japan’s FX intervention.” “FX influenced by
The S&P has he raised it against and trades near unchanged After trading up to an intraday high of 5200.23 – a nice round number for the index – the S&P index has reversed to the downside and now trade near unchanged at 5180.60. At session highs, the index was up 19.50 points. The low
The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves has announced: a solicitation for up to 3.3 million barrels of oil for delivery to the Strategic Petroleum Reserve (SPR) in October Yep, the US is back on the bid for oil to further replenish Reserve stocks. The DoE says: purchasing oil … (at) a