New Delhi: Gold prices climbed to Rs 53,000 per 10 grams this week before retreating marginally. The yellow metal has been in demand lately, rising from Rs 50,000 per 10 grams in the last four weeks. After a Rs 3,000/10 gms rally, the yellow metal is marching towards its record highs of around Rs 56,200
Positive market sentiment boosts Kiwi, Aussie higher but Canadian is lagging far behind as dragged down by falling oil prices. Sterling is also firm after mixed retail sales data. On the other hand, Swiss Franc and Dollar are following Loonie as the next worst performer for the data. But after all, the greenback are still
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light. Nvidia stock rose 1% in extended trading. related investing news Retail traders have been selling into the rally, but they
Economists at Credit Suisse no longer see a compelling reason for USDCAD to reach their 1.4100 target in Q4: they now lower it to 1.3500 and reset their target range from 1.3250-1.4300 to 1.3000-1.3650 for the remainder of the quarter. CAD is vulnerable to deteriorating global growth outlook “We now see fewer compelling reasons for
In an earlier post, the price of the AUDUSD was on a downward move, but as outlined in the post, the range for the day had reached the 22-day average and the potential for a slowing of momentum was a possibility. That is what happened, and the bounce saw the pair move all the back
After the dollar selling that took the pair below 140.00, we haven’t seen an extended drop just yet even as price continues to keep below its 100-day moving average (red line): The lack of drive to the downside is helped by the fact that the dollar is starting to put up more of a fight
Oil prices rose on Friday as the dollar slipped but were headed for hefty weekly losses on expectations there will be no let-up in sharp U.S. interest rate hikes and the prospect of weaker demand from top oil importer China amid rising COVID-19 cases. Brent crude futures clawed back 67 cents, up 0.8% to $90.45
The forex markets continue to stay in consolidative mode in Asian session. Dollar’s recovery attempt overnight was rather short-lived. Sterling also regains some ground after initial reaction to the UK government’s new budget. Yen is also soft despite strong CPI data from Japan. Overall, New Zealand Dollar is the strongest for the week so far,
In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap on Thursday beat Wall Street’s quarterly revenue expectations, but gave a cautious outlook for the holiday season. The apparel retailer
According to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, AUDUSD now looks side lined between 0.6590 and 0.6800 in the next few weeks. Key Quotes 24-hour view: “We expected AUD to ‘trade sideways between 0.6695 and 0.6785’ yesterday. Our view was incorrect as AUD dropped to 0.6635 before rebounding
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If you like to keep your charts nice and clean when trading you definitely need to learn the strategy I’m about to show you in this video. This amazing method includes only one indicator but the way we are going to use it is something you’ve probably never seen before. This approach will also give
United States Senators Elizabeth Warren and Richard Durbin wrote to the former and current CEOs of FTX — Sam Bankman-Fried and John Jay Ray III, respectively — on Nov. 16 to ask for more information on the collapse of the cryptocurrency exchange. They made 13 requests for documents, lists and answers. “The public is owed
The NZDUSD moved to the highest level since August 26th and in the process moved briefly above a topside swing area between 0.6184 to 0.6195. The high price reached 0.62017 and backed off. The high was on Tuesday The move back to the downside in trading today saw the price correction move below a topside
ING Research discusses GBP outlook and maintains a cautious bias into year-end. “The only thing going for sterling is buy-side positioning. Being short the pound had been one of the most popular buy-side trades going into October. We have seen what positioning has done to crowded long dollar trades over the last week. It is
Among precious metals, silver staged a quick recovery in the last two and a half months as the white metal has surged Rs 10,000 per kilogram (kg) from Rs 52,000 to Rs 62,000 during the given period. Compared to its peak for the year, silver topped Rs 73,000/ kg mark during March on the back
Dollar’s recovery is starting pick up momentum in early US session, as risk off sentiment deepens. The development is reflected in broad based selloff in Australian and New Zealand Dollar. Sterling is also weak as mild reaction to UK’s new budget statement. Canadian Dollar and Euro are the firmer ones next to Dollar, while Yen
In this article GRAB Follow your favorite stocksCREATE FREE ACCOUNT Singapore technology ride-sharing and food delivery service company Grab logo is displayed on a smartphone screen. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Singapore-based ride-hailing and food delivery giant Grab narrowed losses and broke even in its deliveries segment for the first