Crude oil futures have moved back into negative territory and below the $80 level as well. The move below the $80 level did find buyers at $79.91 and has since bounced back higher. The price trades back at $80.42. Recall that on Wednesday, the price moved up to test its 100 day moving average. That
What a minefield in USD/JPY this week. The BOJ caught many in the market wrong-footed and doubled down on yield-curve control, leading to a sharp +300 pip rally but that lasted only a few hours before completely reversing as fresh shorts piled in. Then, even with global yields falling further, USD/JPY refused to continued sliding
Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures. This was way lower than an inflow of Rs 4,814 crore seen in the segment during 2021 and Rs 6,657 crore in
GBP/USD seesaws during the North American session, around the 1.2360-1.2390 region, around the London Fix, unable to gain a clear direction. Risk appetite increased, which usually favors the Pound Sterling (GBP), but soft UK economic data weighed on the GBP/USD. At the time of writing, the GBP/USD exchanges hands at 1.2391. Read More… GBP/USD is on the back foot,
The NASDAQ index is leading the way to the upside today with a 153.47 point rise or 1.41% at 11005. The high price has reached 11018.02. Looking at the daily chart, the falling 100 day moving average comes in at 11000.95. With the price back above that moving average, it helps to tilt the buys
The US stocks have moved to the upside and all the major indices are in positive terrritory. Dow is up 40 points or 0.13% S&P is up 22.6 points or 0.58% Nasdaq is up 119 points or 1.10% Netflix is helping the tone with a gain of 7% after better earnings after the close yesterday.
Gold prices held steady on Friday but were on track for a fifth straight weekly gain, as a weaker dollar and hopes of slower U.S. interest rate hikes boosted safe-haven bullion’s appeal. FUNDAMENTALS * Spot gold was little changed at $1,930.59 per ounce, as of 0054 GMT. Prices rose 0.5% this week. * U.S. gold
BoJ and Davos were the major focuses of last week. Much volatility was seen in Nikkei, JGB yields, and Yen. As dusts settled, the Japanese currencies ended as the worst performer, but closed inside prior week’s range. Australian Dollar was the next weakest after poor job data. Dollar was the third, after many Fed officials
EUR/JPY bounced off the day’s lows at 139.03 and hit a daily high of 141.19 before losing steam. The EUR/JPY reclaiming and achieving a daily close above the 200-day EMA keeps bulls hopeful of higher prices. The Euro (EUR) rallies sharply on Friday, ahead of the weekend, as the Japanese Yen (JPY) weakened following the
Bitcoin (BTC) took a swing at $23,000 into Jan. 21 as Asia buyers drove fresh market strength. Bid liquidity causes suspicion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD battling bears to reach $22,790 on Bitstamp overnight — its highest since August. With new multi-month peaks coming in quick succession despite fears of a
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The US stocks are bulled up today, with the Nasdaq leading the way in the major indices with a gain of 1.48%. The riskier stocks as measured by Cathy Woods ARK Innovation fund is doing even better with a gain of 2.85%. Typically, lower yields help that flow, but if you look at the US
The major stock indices are moving higher led by the NASDAQ which is up nearly 2% as Feds Waller’s comments are less hawkish than a feared. Dow Industrial Average is up 155 points or 0.47% at 33199.71 S&P is up 48.24. or 1.24 percent at 3947.01 NASDAQ index is up 213.41 points or 1.96% at
The year 2022 was the most volatile period ever for natural gas prices. Issues in the global supply chain of energy commodities due to the Russia-Ukraine war, export hindrances from the US, and unexpected weather conditions in major energy consuming countries resulted in unusual price fluctuations throughout the previous year. The benchmark US NYMEX gas
XAG/USD stays firm and climbs as the US Dollar remains offered across the board. Silver Price Analysis: Range-bound but could turn bullish above $24.50; otherwise, it could re-test the 50-DMA. Silver price extended its gains for the second consecutive day, cleared Thursday’s daily high of $23.93, and held its ground above the 20-day Exponential Moving Average
The EURUSD is back testing the high from earlier today and in doing is completing another up and down (or down and up) session for the pair. Each day this week, the price moved higher or lower and reverserd lower or higher. Today, the price moved higher initially, fell down, and returned back to the