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Month: May 2021
NEW DELHI: Aluminium prices on Friday fell by Rs 2.05 to Rs 193.85 per kg in the futures market as participants trimmed their positions on a low trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in May declined by Rs 2.05, or 1.05 per cent, to Rs 193.85 per kg
Year-to-date, Canadian dollar is the best performing currency against US dollar. Indeed, most of the gains has been accumulated after the April BOC meeting, at which policymakers announced QE tapering and hinted about rate hike in as soon as next year. Despite recent disappointment in macroeconomic data, we expect yield differential and crude oil price
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters A little inflation might not be such a bad thing, after all. With the Labor Department’s inflation report Wednesday spooking stock markets, and traders blaming rising prices for a broad sell-off in technology shares, attention
In this article ABNB Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images Airbnb said revenue increased 5% in the first quarter, beating analysts’ estimates, as the rapid pace of vaccinations led to more travel. The company’s net loss tripled because of debt repayments and restructuring
S&P 500 extends its consolidation phase from the 4200 level with a cluster of supports at 4041/20 expected to remain a floor, according to analysts at Credit Suisse. S&P 500 stabilized above cluster of key supports, starting at 4041 and stretching down to 4034/20 “We continue to look for a floor at the 4041/20 region to define the
NASDAQ still 7% below the all-time high The major indices snapped there three days losing streak. However, The Dow, S&P are on track for the worst week since late January. The NASDAQ is on track for its worst week since February 26 The NASDAQ is still 7% below its all-time high On a positive note
Forex news for North American trading on May 13, 2021 In other markets: Gold is trading up $10.94 or 0.6% at $1826.64 Silver is up six cents or 0.23% $27.08 WTI crude oil futures fell sharply by $-2.31 or -3.48% at $63.78. The hi reach $65.81. The low extended to $63.09 The price of bitcoin fell sharply and is trading
Akshay Tritiya is considered an auspicious occasion to start new things and make valuable purchases. Indians have a special attachment to gold, and over the years, have continued to import gold in huge quantities to fulfil their insatiable desire for the yellow metal. While Indian attraction to gold is unparalleled, demand is highly sensitive to
Overall market sentiment stabilizes mildly entering into US session. Major European indexes pared back much of earlier losses, while US futures also turned positive. Even though US PPI showed stronger than expected reading, slightly better than expected jobless claims is support sentiment, in a way. Dollar attempt to extend rebound earlier, but quickly lost momentum
Workers assemble a three-wheeled electric fun utility vehicle (FUV) at the Arcimoto manufacturing facility in Eugene, Oregon, April 19, 2021. Alisha Jucevic | Bloomberg | Getty Images U.S. producer prices data for April is set to be released at 8:30 am ET Thursday. The Producer Prices Index comes into focus after Wednesday’s consumer prices report
In this article DIS A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Disney is set to report fiscal second-quarter earnings after the bell on Thursday. Here are the key numbers: Earnings per
EUR/USD edges lower inside a bearish chart pattern. MACD also teases sellers but key EMAs add to downside filters. Bulls have a bumpy road to recovery, 1.2200 becomes crucial resistance. EUR/USD fades the previous day’s bounce off 1.2060-55 support confluence while easing to 1.2078 amid early Friday’s Asian session. In doing so, the quote nears
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The government of Bahrain, the third richest Arab country, is working with American investment bank JPMorgan on a digital currency settlement pilot. The Central Bank of Bahrain officially announced Tuesday that the bank is now collaborating with JPMorgan and the Arab Banking Corporation BSC, or Bank ABC, in a pilot scheme to introduce an instant
The USD is mixed ahead of the PPI and Initial claims data The CHF is the strongest and the AUD is the weakest as NA traders enter for the day. The USD is mixed ahead of the US PPI data and the weekly initial and continuing claims. Fed’s Barkin is on the schedule to be
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