The most acceptable metal of the world since ancient times, gold, started its bull run in 2016 and saw continuous rise for five years till 2020. That followed a brief consolidation of 2-3 years. Prices rose from Rs 25,000 to Rs 56,000 level during this period. However, it has given up some of those gains
Dollar was under pressure most of the week and selling accelerated again after the big disappointment in employment data. The non-farm payroll report could show that job market recovery had made a “substantial setback” rather than “substantial further progress”. A tapering announcement from Fed in September is basically off the table. Overall development in US
Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for 720,000 new hires. The unemployment rate dropped to 5.2% from 5.4%, in line with estimates. August’s total — the worst since January — comes with heightened
S&P and NASDAQ close lower The major indices are closing mixed with the Dow and S&P lower, while the NASDAQ close higher and at a another record. The gain in the NASDAQ was the third gain in a row. S&P and NASDAQ have the second straight weekly gain Russell 2000 snapped a three day win streak Dow lower for
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Forex news for September 3, 2021: Markets: US 10-year yields up 3 bps to 1.324% Gold up $19 to $1828 WTI crude oil down 72-cents to $69.28 S&P 500 flat at 4536 AUD leads, USD lags If you bet on ADP enough times, eventually you’ll get it right. Not that ther ewas a big dollar
NEW DELHI: Gold eked out decent gains in India on Friday, following global trends. The yellow metal saw buying on the back of a weaker dollar. Investors are waiting for the US jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases. Gold futures on MCX were higher 0.25 per cent, or
Overall developments in the markets are unchanged for the week. US stocks continued with recent up trend overnight. Dollar, Yen and Swiss Franc extended near term decline. New Zealand and Australian Dollars are the strongest one, followed by Euro and then Sterling. Main focus will now turn to US non-farm payroll report. High volatility is
GBP/USD prints fresh two-week highs above 1.3870 as the US dollar remains weak Pound prints fresh highs across the board during the American session. US dollar consolidates post NFP losses, even as US yields rise sharply. GBP/USD up for the third day in a row, gains a hundred pips from a week ago. The GBP/USD
Retraced the entire August move to the downside now The AUDUSD has risen 48 Alaska trading days. Over that time period, the move down in the month of August from 0.74259 to 0.71059 has been completely retraced (and then some). The price action today has taken the price above the August 5 high at 0.74259. Once broken, the price has
ISM services index for August 2021: Prior was 64.1 Employment 53.7 vs 53.8 prior New orders 63.2 vs 63.7 prior Prices paid 75.4 vs 82.3 prior Business activity 60.1 vs 67.0 prior Backlog of orders 61.3 vs 63.5 prior New export orders 60.6 vs 65.8 prior Imports 48.7 vs 51.6 prior Inventories 46.9 vs 49.2
In an effort to increase customers’ security and privacy on their platform, cryptocurrency exchange Bitfinex has announced the adoption of an open authentication standard U2F within its merchant payments service Bitfinex Pay. The move enables the capacity for online stores and merchants adopting the Bitfinex Pay widget to receive payments for goods and services in
BSE on Friday announced that it has completed one month since launch of SUFI Steel futures contracts on the exchange platform, and has facilitated the delivery to the tune of 90 MT in the first full expiry cycle at the exchange designated delivery centre in Raipur. Mr Sameer Patil, chief business officer of BSE said
Dollar spikes lower in early US session after huge NFP miss. But the selloff is only firm against commodity currencies at the time of writing. In particular, the greenback is trying to recovery against European majors, as well as Sterling. Traders might need a bit more time to make up their mind. While a September
August’s Nonfarm Payrolls figures have badly disappointed. A softer USD was somewhat faded following the release as some of the weakness may have been baked into the cake. Going forward, economists at TD Securities think USD could begin to stall. USD to underperform vs. AUD and NZD “Payrolls rose 235K, well below consensus. Revisions add
Nikkei up over 2% on the day Invest in yourself. See our forex education hub. An upside break beckons for Japanese stocks with the Nikkei now up over 2% and breach past the topside resistance trendline for the year. Adding to that, the Topix has also risen to its highest in 30 years on the