NEW DELHI: Gold futures on edged higher while silver futures were trading marginally lower in Thursday’s trade after Fed minutes of the recent policy meeting could not offer further clarity on the US central bank’s stance on rate hikes. Gold futures for October delivery rose 0.29 per cent to Rs 51,690 per 10 grams. Silver
Month: August 2022
The markets are generally rather quiet today, with major pairs and crosses trading inside yesterday’s range, as well as last week’s range. For now, Dollar is the strongest ones, followed by Sterling and then Euro. Australian and New Zealand Dollars are the weakest. Yen and Swiss Franc are mixed together with Canadian. Technically, Dollar’s rally
Initial filings for unemployment benefits declined slightly last week though they were consistent with a drift higher in layoffs that began in the spring, the Labor Department reported Thursday. Jobless claims totaled 250,000 for the week ended Aug. 13, down 2,000 from the previous week and below the 260,000 Dow Jones estimate. The four-week moving
In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday reported second-quarter earnings that beat analysts’ expectations as the company said improved operations offset lower-than-expected sales that were hurt
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Tesla stock run out of charge and finished Wednesday in the red. Elon Musk “joked” about buying Manchester United. Meme stock rally in full force, but TSLA struggles for momentum. UPDATE: Tesla stock is trying in earnest to hold onto the $900 price level. This is the fourth session in a row that TSLA has traded near the $900 level
Nasdaq Emini futures (NQ) needs to close a 4 hour candle below this VWAP, anchored from this pivot point (the low of 09 August), in order for bears to fully put their foot on the gas, and bulls to break up. VWAP is a trading benchmark that shows the average price of a security based
The push and pull feel in broader markets pretty much is the story so far today, as traders and investors lack any real conviction after not getting any sparks from the US retail sales and FOMC meeting minutes yesterday. European stocks were little changed early on before slipping a little but are now trading higher
Gold in the national capital on Thursday fell Rs 32 to Rs 52,224 per 10 grams, according to Securities. In the previous trade, the yellow metal had finished at Rs 52,256 per 10 grams. Silver also declined Rs 348 to Rs 57,298 per kg from Rs 57,646 per kg in the previous trade. In the
Dollar is on the strong side in quiet trading in Asia, together with Yen and Swiss Franc. But the greenback is just staying in familiar range against. On the other hand, Euro and Sterling are the softer ones. Aussie is also trading with an undertone after mixed job data. But overall, most major pairs and
In this article KSS People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s on Thursday again slashed its financial forecast for the year, saying that its middle-income customers have been particularly pressured by higher inflation, putting a damper on sales of apparel, shoes
The Australian Football League (AFL)’s first limited edition drop of non-fungible tokens (NFTs) saw huge takeup on Wednesday, selling out in just under 12 hours. On Aug. 17, the football league launched “Ripper Skipper 2022” through its AFL Mint program, allowing people who joined the “allowlist” to purchase one of 3,800 packs reserved for the
AUD/JPY sellers attack a two-week-old support line on downbeat Australia employment data. Australia’s Employment Change marked surprise slump in July, Unemployment Rate eased. MACD, RSI suggest sluggish conditions, which in turn challenge bears. 200-HMA, previous support line restricts immediate upside. AUD/JPY remains pressured near 93.50 as sellers attack a fortnight-long support line during Thursday’s Asian
The S&P fell for the 1st time in 3 days. The Dow snapped a 5 day win streak. The Nasdaq is down for the 2nd consecutive day. Both the S&P and and NASDAQ are lower for the week. A decline this week will be the 1st after 4 straight weeks of gains. Yesterday the S&P
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NEW DELHI: Gold prices held steady on Wednesday ahead of the much-awaited US Fed minutes of meetings for cues over interest rate hikes amid inflationary worries. The minutes of the US Fed’s July 26-27 policy meeting are due at later in the day. The US central bank has raised its benchmark overnight interest rate by
Overall risk sentiment appears to have turned sour again today, with major European indexes trading in red, while US futures point to lower open. Australian Dollar is leading commodity currencies lower. Even New Zealand Dollar wasn’t supported by the hawkish RBNZ hike. At the same time, Yen is also among the weakest, as pressured by
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