New Delhi: With Diwali round the corner, buying gold on this auspicious occasion is discussed in several Indian households. However, the precious metal has been missing its charm recently. It has remained in a tight range, though it outperformed other asset classes in the pandemic-hit 2020. Domestic gold imports witnessed a sharp jump but strong
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DXY picks up bids to consolidate Monday’s losses, justifies bullish candlestick formation, MACD signals. 100-SMA adds to the downside filters before two-week-old horizontal support. Bulls eye October’s peak, monthly high can test short-term traders. US Dollar Index (DXY) takes the bids to refresh intraday high around 94.00, up 0.09% on a day during early Tuesday.
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The November FOMC meeting would see the Fed making a formal announcement on QE tapering. We expect the plan would begin immediately and is expected to end by mid-2022. The Fed funds rate will stay unchanged at 0-0.25%. The market has priced in over 60% of a rate hike in June 2022. This appears unlikely
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100 and 200 hour MAs at 113.88. 2018 swing high at 114.544  Current price between the levels The USDJPY has moved higher on the day and in the process moved away from its now converged 100 and 200 hour moving averages near 113.888.  Those two moving averages have converged as the price consolidates between 113.21 and 114.69 (see
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Manufacturing falls in the final revision Prelim was 59.2 60.7 prior Chris Williamson, Chief Business Economist at IHS Markit said: “October saw US manufacturers report yet another near-record lengthening of supply chains, with shortages of components constraining production growth to the lowest since July of last year. Around half of all companies reporting lower production
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People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images As inflation escalates, traders are expecting a more aggressive response from the Federal Reserve than policymakers are currently indicating. The market Thursday morning briefly priced in a slightly better-than-even chance that the Fed hikes
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Japan’s Nikkei index surges sharply by over 2% in Asian session, in very positive response to the easy win of the Liberal Democratic Party in Sunday’s election.  Prime Minister Fumio Kishida’s LDP retained comfortable majority in the House of Representatives, ensuring continuity of the economic policies. While other Asian markets are mixed, Yen is trading
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(This story originally appeared in on Oct 29, 2021) CHENNAI: Demand for gold may have dropped 7% globally during the July-September quarter, but there was no dent in purchases of the yellow metal in India, rising 47% to over 139 tonnes by volume. The growth was driven by falling Covid infection rates, which pushed people
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Treasury Secretary Janet Yellen asserted Friday that the administration’s infrastructure spending proposal will lower inflation by reducing costs vital to households. Speaking to CNBC from Rome where she is attending the G-20 conference of global leaders, Yellen renewed her push for White House spending plans that are unpopular with several factions of Congress and have
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