New Delhi: Gold prices eased on Friday ahead of the US jobs report, but were set to gain for the week amid a soft dollar on prospects of slower US Federal Reserve rate hikes and signs of cooling inflation. Investors await the US Labor Department’s non-farm payrolls data due later in the day for clues
Yen is apparently the biggest winner against the broadly pressured Dollar. Steep declines in US and European benchmark yield gave the Japanese currency much support. Euro is currently the better performer among European majors. Canadian Dollar clearly lags behind other commodity currencies. The greenback will now look into this non-farm payroll data today, which might
Workers sort packages at a FedEx Express facility on Cyber Monday in Garden City, New York, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | Getty Images Job openings dipped in October amid the Federal Reserve’s efforts to cool off a red-hot employment market, the Labor Department reported Wednesday. The Job Openings and Labor
US Dollar Index (DXY) has now lost 8.5% from the top in October and is below the August low of 104.60. Economists at Société Générale highlight the next targets on the downside. An initial bounce is on the cards “Daily MACD is within deep negative territory pointing towards an overstretched move. An initial bounce is
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The New York State Department of Financial Services (DFS) has submitted a proposed change in state laws that would allow it to charge licensed crypto companies for regulating them. While that may seem like an odd proposition, under Financial Services Law (FSL) it is common practice for the DFS to charge licensed non-crypto financial entities
The major US indices are closing with mixed results: the Dow industrial average is closing lower by -193.25 points or -0.56% at 34396.52 the S&P index is down -3.33 points or -0.08% at 4076.78 the NASDAQ index is up 14.46 points or 0.13% at 1482.46 Russell 2000 is down 4.896 points or -0.26% at 1881.68
Oil rose about $1 a barrel on Thursday, supported by the potential for OPEC+ to cut supply further and as easing COVID curbs in China raised the likelihood of higher demand from the world’s top crude importer. Crude also gained support from dollar weakness prompted by euro zone factory data and the Federal Reserve Chair
Dollar’s selloff picks up momentum in early US session after PCE inflation slowed more than expected in October, while core PCE also declined. The data give a nod to Fed Chair Jerome Powell’s comment that smaller rate hikes could start in December. Yen is the better performer as supported by extended pull back in US
Inflation rose in October about in line with estimates, sending a sign that price increases at least might be stabilizing, the Commerce Department reported Thursday. The core personal consumption expenditures price index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5%
In this article ULTA Follow your favorite stocksCREATE FREE ACCOUNT Shoppers line up outside of Ulta Beauty before the 6am opening on Black Friday. Aimee Dilger | LightRocket | Getty Images Ulta Beauty on Thursday boosted its outlook and surpassed Wall Street’s expectations for quarterly earnings and sales, as shoppers kept replenishing their makeup bags
NZD/USD advances towards a test of 0.6400 and has eyes on the 0.6450s. 0.6450 comes as a confluence between Aug high and the 61.8% retracement of the whole 2022 move. NZD/USD is stalling below 0.6400 as the US Dollar attempts to correct what has been a significant move to the downside in the currency markets this week. At the
As US yields moved to the downside with the two-year down -5.4 basis points in the 10 year down -5.0 basis points (they were up earlier today), the US stocks have moved sharply to the upside. The gains are being led by the NASDAQ index which is up near 2.5%. The current price is up
The UK manufacturing sector continues to contract in November, with output, new orders and employment all falling further on the month. Meanwhile, business sentiment also dips to its lowest level since April 2020 as the outlook deteriorates markedly. The only consolation is that inflation pressures are easing a little, with input prices falling to a
New Delhi, Gold price rose Rs 352 to Rs 53,677 per 10 grams in the national capital on Thursday amid strong global trends, according to Securities. In the previous trade, the precious metal had closed at Rs 53,325 per 10 grams. Silver also rallied Rs 1,447 to Rs 65,003 per kilogram. “Spot Gold prices in
Market are back in full risk-on mode after Fed Chair Jerome Powell affirmed that smaller rate hike would be delivered in December. Positive sentiment continued in Asia with China softening some of its pandemic restrictions. Dollar is in broad based selloff, followed by Canadian Dollar and Swiss Franc. Yen is currently the strongest one, responding
ACCRA, GHANA – NOVEMBER 05: Ghanaians march during the ‘Ku Me Preko’ demonstration on November 5, 2022, in Accra, Ghana. People took to the streets of Ghana’s capital to protest against the soaring cost of living, aggravated since the Russian invasion of Ukraine Ernest Ankomah/Getty Images The U.S. Federal Reserve‘s monetary policy tightening and a