Archive for Tag: market news

US Dollar Index

Euro trims declines against U.S. dollar after Spanish inflation surge

EURUSD is trading down 0.10% at 1.0511 The euro steadied on Wednesday after falling to a six-day low, reacting to the release of conflicting inflation data in Germany and Spain that created a difficult backdrop for European Central Bank policymaking. The European common single currency decline in early London...

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Dow futures

Dow Futures Rise as Investors Weigh Fed Chair Testimony

DOW JONES is trading up 0.64% at 30892.00 U.S. futures pointed higher on Friday, building on gains in Europe and Asia following a late rally on Wall Street, as investors digest two days of high-profile testimony from Federal Reserve chair Jerome Powell. As of 06:48 AM EST (1048 GMT),...

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COMEX Gold futures price

Gold eye $1850 on impending death cross

The COMEX Gold futures price is up 0.38% at $1857.2 per troy ounce on mid-Monday trades. Gold price is clawing back towards the $1,860 level after declining below it on the Friday of previous week. The Asian recovery of the gold demand was driven by a minor pullback in...

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COMEX Gold futures price

Gold remains below the $1860 – level, amid light trading

The price of COMEX Gold futures price is up 0.08% at $1858.7 per troy ounce on early-Monday trades. Gold price, this week, opens on a positive momentum supported by the holiday-thinned market conditions. The US dollar is seeing a dip-buying demand, despite the risk-on trading in global stocks. Investors...

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market outlook

Copper rises on comments from PBOC and the Federal Reserve

Chicago copper futures price, is up 0.05% at $4.4300 per pound on mid-Wednesday trades. Copper prices gained recently as the Fed took the possibility of a 75-basis points rate hike off the table, and PBOC, the Chinese central bank, pledged to support the economy to counter pandemic woes. The...

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market outlook

Gold starts May with a bearish note

Gold futures at COMEX is down 1.92% at $1875 per troy ounce on mid-Monday trades. Gold opened May on heavy bearish pressure. Price has gone below the $1,900 price level as price declines due to the strengthening U.S. dollar, and Fed’s tightening monetary policy among other factors. It is...

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market news

Australia stocks lower at close of trade; S&P/ASX 200 down 1.18%  

S&P/ASX 200 is trading down 1.18% at 7347.00 Australia stocks were lower after the close on Monday, as losses in the IT, A-REITs and Telecoms Services sectors led shares lower. The best performers of the session on the S&P/ASX 200 were Pointsbet Holdings Ltd (ASX:PBH), which rose 5.67% or...

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USDCAD Trading

Dollar falls as hawkish Fed delivers without an extra kick

USDCAD is trading down 0.13% at 1.2660 The dollar fell on Wednesday after the U.S. Federal Reserve moved to a hawkish monetary policy but without delivering a tougher surprise that might have added to its weeks-long momentum. The dollar index, which had gained 3% since the start of the...

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Oil rises above $111 as Ukraine conflict offsets Iran supply hope

Brent Crude was trading up 2.04% at $112.62 Oil rose above $111 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of more Iranian supplies in the event of a nuclear deal with...

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Oil falls as Russia, Ukraine supply fears wane

Brent Crude was trading up 0.48% at $93.41 Oil prices fell on Wednesday, retreating from seven-year highs hit the previous day as it became clear that the first wave of U.S. and European sanctions on Russia were unlikely to disrupt oil supplies. Brent crude was down 59 cents, or...

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