The sell everything mode in the market is dragging gold lower as well Invest in yourself. See our forex education hub. Gold is down 0.7% on the day as price falls below its 30 November low @ $1,764.80, trading to levels last seen since June last year. With the November low and 50.0 retracement level
Month: February 2021
Forex news for North American trading on February 26, 2021: Markets: Gold down $40 to $1730 US 10-year yields down 12 bps to 1.40% WTI crude down $1.84 to $61.69 S&P 500 down 18 points to 3811 USD leads, AUD lags The reverberations from yesterday’s bond implosion left broader markets in a delicate state. Even
Gold prices on Friday declined by Rs 342 to Rs 45,599 per 10 grams and silver plummeted by Rs 2,007 to Rs 67,419 per kg in the national capital, due to selling in the international market, according to HDFC Securities. The precious metal had closed at Rs 45,941 per 10 grams on Thursday. Silver plummeted
As DOW hit another record with strong rise overnight, team risk-on is extending the lead over team risk-off in the currency markets. New Zealand Dollar is having a mild upper hand over Australian, Canadian and Sterling for now. But the Loonie is trying to catch up with rising oil price. On the other hand, after
Jobless claims fell sharply last week despite brutal winter storms that swept across Texas and other parts of the South, the Labor Department reported Thursday. First-time filings for unemployment insurance totaled 730,000 for the week ended Feb. 20, well below the Dow Jones estimate of 845,000. That total represented a substantial decrease from the 841,000
An employee walks past a quilt displaying Etsy signage at the company’s headquarters in Brooklyn, New York. Victor J. Blue | Bloomberg | Getty Images Etsy reported better-than-expected fourth-quarter results after the bell on Thursday, including soaring profits and 129% revenue growth. The stock rose more than 8% in extended trading following the report. Here’s
Tech stocks saw a modest recovery on Friday as long-term bond yields dropped sharply. The rest of the stock market remained under pressure, however. Focus next week will be on key US data releases, fiscal stimulus headlines and more remarks from Powell. US tech stocks saw a modest recovery on Friday, with the Nasdaq 100
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Cardano (ADA) received a fresh wave of optimism and buying volume on Feb. 26 that pushed the price of ADA to a new all-time high of $1.29, making Cardano the third-ranked cryptocurrency by market capitalization. Data from Cointelegraph Markets and TradingView shows that ADA surged 27% from a low of $0.98 during the early trading
EUR/USD sellers look to try and seize near-term control Despite calmer tones in the market so far in European morning trade, the dollar is still keeping bid as there is still an air of uncertainty ahead of US trading later. EUR/USD is pushed to fresh session lows @ 1.2123 and is testing trendline support as
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LONDON: Oil prices fell on Friday as bond price rout led to gains in the U.S. dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels. Brent crude futures for April, which expire on Friday, fell 69 cents, or 1%, to $66.19 a barrel by 1442 GMT. The more
Even though treasury yields are retreating mildly today, stocks are staying in red in Europe and Asia. US futures point to a recovery but it’s unsure if the rebound could sustain before close. Investors are digesting comments from central bank officials regarding surging real long term rates and inflation. In particular, an ECB official noted
A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday. Personal income jumped 10% after 0.6% increase in December. That was even higher than the 9.5% Dow Jones estimate. The gain came from the issuance of $600
New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Shares of sports betting company DraftKings jumped as much as 3.6% in the premarket trading Friday after the company reported fiscal fourth quarter 2020 earnings
EUR/USD is ending the week on a sour note and has dropped back under 1.2100. USD buying into the month-end is the main driver, but dovish ECB rhetoric isn’t helping. What looked like a promising week for the euro is ending on a sour note. Having hit seven-week highs in the 1.2240s on Thursday (up
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