Gold price in the national capital on Friday declined by Rs 90 to Rs 52,915 per 10 grams, according to HDFC Securities. The precious metal had closed at Rs 53,005 per 10 grams in the previous trade. Silver also dipped by Rs 374 to Rs 59,166 per kg from Rs 59,540 per kg in the
Month: August 2022
Sterling falls broadly today while smaller than expected GDP contraction didn’t ease recession worry. Euro is also weak following decline in Germany benchmark yield, but Yen was worse. Dollar, on the other hand, is trying to reverse this week’s losses, with help from the strong rebound in 10 year yield. But upside of the greenback
Gas station prices are seen in Bethesda, Maryland on August 11, 2022. Mandel Ngan | AFP | Getty Images There was more good news Friday for inflation, as import prices fell more than expected and brought some much-needed relief for consumers. The report capped off a relatively upbeat week for those worried about rising prices
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, Guangdong province of China. Jade Gao | Afp | Getty Images BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly
CSSE stock tanked 10.4% in Friday’s premarket. Chicken Soup for the Soul reported a wide GAAP loss of $-1.39 in Q2. CSSE just concluded its acquisition of Redbox on Thursday. UPDATE: Chicken Soup for the Soul stock is down 12.4% to $12.42 in the first hour of Friday’s session. This is actually worse than the premarket where
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EURGBP buyers and sellers battle it out between MA levels A day ago, the EURGBP was ping ponging between the 100 day MA above (near 0.8468), and the 200 day and 100 hour MA below near 0.8438. In the afternoon session, the pair cracked below the lower extreme reaching a low of 0.84176 on the
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NEW DELHI: Gold prices held steady on Friday weighed down by an uptick in the Treasury yields and prospects of US interest rate hikes, although broader weakness in the dollar kept bullion on track for its fourth weekly gain. Data on Thursday showed US producer prices unexpectedly fell in July. It came a day after
Dollar remains the worst performing major currency for the week, but the dynamics are shifting. Yen is giving up much of its gain, following the strong rebound in benchmark treasury yields, but Swiss Franc is still firm. Euro and Sterling are somewhat under pressure too, while smaller than expected GDP contraction gives the Pound little
In this article RIVN RIVN Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street
The index manages to leave behind part of the recent drop. US yields come under some mild downside pressure. Preliminary Consumer Sentiment next on tap in the docket. The greenback attempts a tepid rebound and revisits the low-105.00s when tracked by the US Dollar Index (DXY) at the end of the week. US Dollar Index
According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the change to the terms of service, wallets flagged as high risk are prohibited from using Oasis.app to manage positions or withdraw funds. Instead, such
EURUSD falls to a new NY session low The EURUSD continues to leak oil and wander to the downside. The pair is trading at its lowest level in the US session. Stocks are trading to new session lows. The S&P is moving back toward unchanged. The NASDAQ index is down -53 points at -0.42% at
USD/JPY fell by more than 100 pips early in US trade today but has climbed all the way back to unchanged at 132.85. The bond market is the main catalyst as long-end yields move up. That was underscored by today’s $21 billion sale of 30-year US bonds, which sold with a yield 1.1 basis points
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