Glitter in gold is rising by the day riding on the greenback’s weakness and falling bond yields as Street gets convinced of the likelihood of interest rate cut by the Fed sooner than later. MCX February gold futures were trading at Rs 62,245 at the opening time, up Rs 60 or 0.10% from Tuesday’s closing
Global market sentiment shows signs of stabilization in Asia today, marked by gains in major indices like Nikkei Hong Kong’s HSI. This shift indicates that the markets have largely absorbed the impact of Moody’s downgrade of China’s rating outlook, redirecting attention towards economic data and central bank policies. The spotlight is now on BoC’s interest
A postal worker wearing a Santa hat, sorts through mail and packages during a media tour hosted by the US Postal Service at the Los Angeles Processing and Distribution Center, the largest in the country, equivalent to 29 football fields, on November 30, 2023. Frederic J. Brown | AFP | Getty Images Private sector job
ARK Invest, one of the firms hoping to launch a spot Bitcoin exchange-traded fund (ETF) next year, is continuing to rake in the profits made from its large stash of Coinbase (COIN) stock. On Dec. 5, ARK dumped as many as 237,572 Coinbase shares from its three funds, according to a trade notification seen by
Share: NZD/USD is rebounding above 0.6150 early Wednesday. Renewed US Dollar weakness is supporting the Kiwi amid a mixed mood. Focus shifts to US ADP Employment Change data for fresh impetus. NZD/USD is staging a solid comeback. Heading toward 0.6200 in the Asian session on Wednesday. The pair is witnessing a relief rally after two
The NZDUSD on Monday peaked right near the high from the last time the price was at the levels on July 31 near 0.6221 (see blue numbered circle on the chart below). NZDUSD falls to test support swing era Willing sellers in the NZDUSD leaned against the level and have since pushed the price lower
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MOSCOW: The OPEC+ group of oil producing countries stands ready to strengthen oil production cuts in the first quarter of 2024 to eliminate “speculation and volatility”, Russian Deputy Prime Minister Alexander Novak was reported as saying on Tuesday. OPEC+ agreed last Thursday to voluntary supply cuts totalling about 2.2 million barrels per day (bpd), including
Today’s Asian session saw broad decline in Australian Dollar, along with New Zealand and Canadian Dollars. This pattern suggests a shift towards risk aversion among investors, a sentiment echoed by the performance of major Asian stock indexes. Hong Kong stocks, in particular, continued their recent down trend, reaching new lows due to disappointing earnings results
Job openings tumbled in October to their lowest in 2½ years, a sign the historically tight labor market could be loosening. Employment openings totaled a seasonally adjusted 8.73 million for the month, a decline of 617,000, or 6.6%, the Labor Department reported Tuesday. The number was well below the 9.4 million estimate from Dow Jones
The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or disapprove of a spot Ethereum exchange-traded fund, or ETF, offering from asset manager Grayscale. In a Dec. 5 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule
Share: NIO grew deliveries by leaps and bounds in the third quarter on rising SUV sales. Job openings declined in October, while the November ISM Services PMI showed expansion. Nio bests consensus on earnings but misses revenue expectations for Q3. Chinese EV maker guides for deliveries between 47K and 49K in Q4. Nio (NIO)
The Chinese stock market, with its dynamic nature, has always been a point of intrigue for global investors. In a compelling video by ForexLive titled “Don’t Miss the Next Chinese Bull Run: Mastering Technical Analysis for the MCHI ETF Rebound,” viewers are given an insightful guide on harnessing opportunities in the rebounding Chinese stock market.
Headlines: Markets: JPY leads, AUD lags on the day European equities mixed; S&P 500 futures down 0.4% US 10-year yields down 6 bps to 4.226% Gold down 0.3% to $2,024.61 WTI crude flat at $73.07 Bitcoin down 0.6% to $41,7979 It was a session mostly swayed by risk flows, as bond yields retreated while equities
Gold prices edged lower on Tuesday, trading $100 below the record high level hit in the last session, as the dollar held firm and investors awaited more U.S. economic data this week that could influence the Federal Reserve’s rate outlook. Spot gold was down 0.3% at $2,024.30 per ounce by 1200 GMT. Bullion had climbed
Commodity currencies, particularly Australian Dollar, are experiencing notable selling pressure today. However, it should be noted that European investor sentiment, while not explicitly full-blown risk-on, clearly lacks the typical features of risk aversion. In the US, futures markets are just slightly down, indicating a cautious rather than outright negative sentiment among traders. This subdued response
In this article GTLB Follow your favorite stocksCREATE FREE ACCOUNT People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq GitLab stock jumped as much as 18% in extended trading on Monday after the developer-tools software maker announced fiscal third-quarter results and quarterly guidance that impressed Wall Street. Here’s how the company
Share: Interest rate in Australia is likely to stay on hold at 4.35% in December after November’s hike. Reserve Bank of Australia Governor Michele Bullock could leave the door ajar for more tightening. The Australian Dollar is set to rock on any surprise in the language of the RBA’s policy statement. The Reserve Bank of