New Delhi: Gold in the national capital on Friday jumped Rs 605 to Rs 51,627 per 10 grams in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,022 per 10 grams. Silver also zoomed by Rs 1,596 to Rs 65,207 per
Month: April 2022
Lots of important economic data are released today but they’re largely ignored. Inflation data from the US and Eurozone are strong. Canada’s monthly GDP growth was well above expectation while Eurozone GDP growth turned weaker in Q1. But reactions to them are mild. While the greenback is paring some recent gains, it remains the strongest
In this article AAPL Apple CEO Tim Cook greets customers at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. Lucy Nicholson | Reuters Apple will report second-quarter earnings on Thursday after the bell. Here’s what Wall Street is expecting from Apple in the second quarter, according to Refinitiv
DXY retreats from Thursday’s 19-year highs near 104.00. A deeper correction could extend to the 101.00 region. Following nearly 2-decade highs around 104.00, DXY is finally facing some corrective downside at the end of the week. There is still scope for further downside, as the index keeps navigating the overbought territory, as per the daily
Roger Ver, an early investor and ardent promoter of Bitcoin (BTC) which earned him the moniker “Bitcoin Jesus” has resurfaced on Twitter after a year and backed Dogecoin (DOGE) in an interview, preferring it for payments over the world’s first crypto. In an interview with Bloomberg, the Bitcoin.com founder said how he was a fan
USDJPY holds onto most of the near 300 pips today The USDJPY moved nearly 300 pips today with most of that move being to the upside. Looking at the five minute chart, the pair closed at 128.42. The low price was just nine pips lower than that at 128.33. At the lows in the Asian
It’s still tough to fight against the dollar at this point, even if the greenback is seen giving back some as we look to close out the week and the month in general. Equities put in a good shift yesterday but it comes on the back of a rather sluggish April as a whole, with
NEW DELHI: Gold prices rose on Friday as economic data from the US increased the appeal of the yellow metal. However, gains were capped by a firm dollar. The American economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis showed Thursday. Meanwhile, US dollar traded at two-decade highs.
Markets sentiment stabilized a bit in Asia, following the recovery in US stocks overnight. Commodity currencies are paring some losses while Dollar and Yen are retreating. But so far, the Japanese currency is still the strongest one for the week, backed by overall risk-off sentiment, while Dollar is also firm, except versus Loonie. Euro is
In this article AMZN Amazon CEO Andy Jassy speaks with CNBC’s Jon Fortt. CNBC Amazon will report first-quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting: Earnings: $8.36 per share, according to Refinitiv Revenue: $116.3 billion, according to Refinitiv Here are some other key revenue numbers: Amazon Web Services: $18.27 billion
Gold Price is fading its recovery from two-month lows as the US dollar regains poise. The DXY is driving higher on an adrenaline rush from uncertainty over the rate decision by the Fed. Apart from the interest rate decision, balance sheet reduction and further guidance will be in focus. Gold Price is struggling to hold
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AUDUSD trades to the lowest level since February 2022 The AUDUSD has seen the price back below a swing area between 0.7079 and 0.71038 on the daily chart in trading today. The low price reached 0.70543. Going back in time, the February 4 low reached 0.70512. That was the next target, but buyers leaned against
USD/CAD is down 25 pips on the day and testing support from a pair of lows over the past 24 hours. The main catalyst is a rapidly-improving mood in risk assets. The Nasdaq is up 2.75% and the S&P 500 up 2.3%. Both have bounced around recently but the bulls look like they’re finally making
New Delhi: Gold in the national capital on Thursday fell by Rs 442 to Rs 51,010 per 10 grams in line with decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,452 per 10 grams. Silver also declined by Rs 950 to Rs 64,167
Dollar’s broad based rally continues into US session. The unexpected contraction of Q1 US GDP might give the greenback a little jitter. But it’s unlikely to alter the up trend for now. As for today, Canadian Dollar is the second strongest Yen is the worst performing one on post-BoJ selloff. But Kiwi and Sterling also
In this article TWTR Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter is set to report earnings for the first quarter
Apple (AAPL) stock next up on the earnings docket, after the close on Thursday. Facebook Meta (FB) stock rallied 20% on mediocre earnings, a relief rally. Amazon (AMZN) is also set to release earnings after the close on Thursday. Earnings season really is getting into the meaty stuff this week. We already mentioned this was
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