S&P up modestly. NASDAQ higher Highlights for the day NASDAQ up for the sixth time in seven days S&P index falls for the second consecutive day Russell index jumps 1.51% new highs at 76. New lows 80 Dow down for the second consecutive day NASDAQ rebounds after its worst day since May healthcare sector on
Forex news for North America trade on July 28, 2021: Markets: Gold up $7.75 to $1806 US 10-year yields down 0.5 bps to 1.2393% WTI crude oil up 60-cents to $72.24 S&P 500 up 2 points to 4400 CAD and CHF lead, JPY lags On July 14, Powell said the FOMC was ‘still a ways
Mumbai: As the country moves towards creating a spot gold exchange, markets regulator Sebi‘s Whole Time Member G Mahalingam on Wednesday suggested routing all the imports of the precious metal through the exchange ecosystem in the future. Such a “funnelling” would ensure that gold monetisation takes place right at the source as the metal enters
Dollar is trying to recover in early US session but upside is limited so far. Overall market sentiments stabilized as US stocks might have regained footing for another take on new records. Also, traders are turning a little bit more cautious ahead of FOMC statement and press conference. Overall picture for the week is unchanged
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images The International Monetary Fund warned Tuesday that there’s a risk inflation will prove to be more than just transitory, pushing central banks to take pre-emptive action. The issue is currently dividing the investment community, which has
In this article FB CEO of Facebook Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Facebook is set to report its second-quarter earnings after market close on Wednesday. Here’s what Wall Street is expecting:
NIO shares get caught in yet another China crackdown. NIO is not involved but guilty by association as Chinese stocks suffer. Tesla results on Monday were solid, NIO is a peer. NIO stock continues to be stuck in a sideways range since retreating from a failure to break above resistance at $54.86 back in early
The Blockfolio brand is no more: One of the first genuine product brands in the cryptocurrency space, the mobile app that started life as a portfolio tracker — and later morphed into a trading app under the stewardship of FTX — will now take its new owner’s name. Blockfolio, which boasted a user base in
Down $0.26 or -0.36% The price of WTI crude oil futures are settling at $71.65. That is down $0.26 or -0.36%. The high price today reached $72.33. The low price extended to $71.08. Looking at the hourly chart below, the price low did extend below the 100 hour moving average (blue line in the chart
NZDUSD long on a dovish hand The last FOMC meeting in June resulted in a shift higher in the USD. The reason was due to the dot plot shift which demonstrated that FOMC board members saw interest rates coming sooner than they had previously. This resulted in some USD strength and chatter that the ‘reflation’
NEW DELHI: Gold prices edged up mildly on Wednesday. Investors await the outcome of the US Federal Reserve’s meeting tonight for hints on policy tapering plans. The yellow metal held near its key psychological level. Gold futures on MCX were up 0.18 per cent, or Rs 87, at Rs 47,660 per 10 gram. Silver futures
AUDUSD is prone to be the weakest performer among majors in July. The selloff accelerated 2 weeks ago as the resurgence of coronavirus has triggered lockdown in New South Wales, Victoria and South Australia. In the near-term, sentiment over the currency pair could remain weak as state governments would likely extend the lockdown to prevent
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, prices in May were 16.6% higher than in May 2020, according to the S&P CoreLogic Case-Shiller home
In this article GOOGL Sundar Pichai, chief executive officer of Alphabet Inc., pauses during a discussion on artificial intelligence at the Bruegel European economic think tank in Brussels, Belgium, on Jan. 20, 2020. Pichai urged the U.S. and European Union to coordinate regulatory approaches on artificial intelligence, calling their alignment critical. Geert Vanden Wijngaert |
In light of the recent price action, USD/CHF could slip back to the 0.9117 level, suggests Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank. Key Quotes “USD/CHF has failed at the 4-month downtrend at .9219 and is under pressure near term. We would allow for slippage back to the .9117 recent low and
Contrarian investment firm, Horizon Kinetics, is advising investors to seek exposure to crypto assets amid mounting global economic challenges. Speaking to the Financial Times, Horizon’s co-founder Peter Doyle warned that the coronavirus pandemic and growing debt will usher an inflection point for the world economy, predicting: “There is no turning back after the pandemic and
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