For the 28th consecutive day, petrol and diesel prices remained unchanged across the country. Global crude prices have dropped to just below $71 per barrel, after it cooled down in July. In the national capital, petrol continues to be sold for R.s 101.84 per litre, while diesel is also being sold at the unchanged price
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It’s all about the consumers. After slowing core inflation and sharp deterioration in sentiment, Dollar took a steep dive towards the end of the week. Markets are suddenly less sure about a tapering announcement by Fed in September, not to mention anything concrete from Jackson Hole symposium later in the week. The greenback ended the
Bearish risks continue to prevail in the EUR/GBP according to analysts at MUFG Bank. They hold the idea of shorting the cross with a target at 0.8320. They consider that positive developments regarding COVID reinforces the bullish outlook for the pound. Key Quotes: “We are maintaining a short EUR/GBP trade idea to reflecting building
A key consumer sentiment reading saw a dramatic drop in early August as the delta variant of Covid-19 increased fears about the path of the economy, the University of Michigan said Friday. The consumer sentiment index tumbled to 70.2 in its preliminary August reading. That is down more than 13% from July’s result of 81.2
NASDAQ closes lower for the week The S&P and Dow held on for a record closes but just barely. The S&P closed at record day for the fourth consecutive day. The NASDAQ moved higher in the last minute of trading and it’s second gain in a row. The Russell 2000 fell close to 1%. S&P posted its 48th record close
Forex news for the North American session on August 13, 2021 Every once in a while you get a piece of economic data, that makes you do a double take and say “What was that again?” That was the case with the Univ. of Michigan consumer sentiment data for August released today. This survey data
New Delhi: Gold in the national capital on Friday jumped Rs 222 to Rs 45,586 per 10 gram amid a recovery in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,364 per 10 grams. Silver also gained Rs 100 to Rs
Euro and Swiss Franc rise broadly as the markets are approaching the weekly close. On the other hand, Canadian Dollar is reversing some of this week’s gains, while Dollar is following as second weakest for the day. As for the week, the Loonie is still the strongest, followed by Kiwi Swiss Franc is the weakest
In this article NIO Nio plans to begin deliveries of its ET7 electric sedan in 2022. Evelyn Cheng | CNBC GUANGZHOU, China — Nio shares rose more than 1% in after-hours trade on Wednesday after the Chinese electric carmaker posted a narrower than expected loss and a surge in revenue. The start-up lost 0.42 yuan
GBP/USD Weekly Forecast: Sterling capped by looming Federal Reserve policy change Sterling stalls near the middle of its six-month range. UK economic data improves, promising an advance in the third quarter. Covid cases climb but future direction and impact are uncertain. FXStreet Forecast Poll is bullish but the gains are minor. Sterling declined on the
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American musician and composer Holly Herndon seems to be capitalizing on the principle of deep-fake technology by allowing fans to use a digital version of herself to create original artwork they can then sell. According to a Thursday announcement from Herndon on Twitter, users who want to make their own deepfakes using the musician’s unique
TGIF The EUR is the strongest and the USD is the weakest as NA trading get underway on a Friday. TGIF. The Eueopean stocks continue to move higher with the German Dax moving to yet another new high. The CAC is also making a new year high and works closer to its all time high
Highlights of the US import/export price data US July import prices +10.2% y/y vs +9.3% expected Prior was +11.2% y/y Import prices +0.3% m/m vs +0.6% exp (prior +1.0% m/m) Export prices +17.2 % y/y vs +15.9% prior Prior export prices y/y +16.8% Export prices m/m +1.3% vs +0.8% expected (prior +1.2% m/m) The headline
NEW DELHI: Gold prices were mildly higher in Indian market on Friday, tracking flat trends in other Asian peers. The precious metal was headed for a second consecutive weekly decline. Gold futures on MCX were up 0.19 per cent, or Rs 87, at Rs 46,450 per 10 gram. Silver futures gained 0.31 per cent, or
Trading in the Asian markets is relatively subdued again. Asian stocks are mixed even though DOW and S&P 500 rose to new record highs overnight. Dollar continues to fail to find a committed direction. While the greenback remains firm against Euro, Swiss Franc and Yen, it clearly lacks upside momentum against commodity currencies. With a