NEW DELHI: Gold prices bucked the global trend in India and opened lower on MCX on Friday. Gold futures on MCX were down merely 0.08 per cent, or Rs 39, at Rs 48,357 per 10 gram. Silver futures traded lower by 0.21 per cent, or Rs 145, higher at 68,055 per kg. The precious metal
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Dollar suffered another round of selloff overnight and stays soft. Mild risk aversion in Asia is not helping the greenback much. But commodity currencies are following closely, in particular Aussie and Kiwi, as the next worst performers for the week. European majors look set to be the winners of the week, as led by Sterling.
A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Pending sales of existing homes in June, which are measured by signed contracts, fell 1.9% month-to-month, according to the National Association of Realtors. Sales were also down 1.9% compared
In this article AMZN Andy Jassy, CEO Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | Reuters Amazon is set to announce its second-quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting: Earnings: $12.30 per share, according to analysts surveyed by
USD/CHF pauses the previous two day’s decline on Friday. Bulls take support near the lower trend line of the descending channel. Momentum oscillator tilts in favor of the bearish momentum. USD/CHF edges higher on Friday in the European trading hour. The pair hovers in a very close trading range with positive bias. At the time
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Wonders of wonders. It opens at the IPO price The price of Robinhood, the retail online trading platform, has opened at $38 a share. That was the proposed IPO price. The stock is currently trading in volatile price action above and below the $38 level. Relatively speaking, trading near the IPO price is not a great signal. Meanwhile the Dow and S&P have
The WI was trading at 1.04% at the time of the auction High yield 1.05% versus WI level of 1.04%. The tail is +1 basis point Bid to cover 2.23x versus six month average of 2.27X Dealers 22.18%, versus six month average of 24.1% Directs 19.45% versus six month average of 19.8% Indirects 58.3% versus six month average
KOLKATA: Gold demand in India increased 30% in the first half of 2021 to 216.1 tonnes, from 165.8 tonnes a year ago, signalling that the deadly second wave of Covid-19 was less of a deterrent than the first wave of the pandemic which had led to a nationwide lockdown “The second quarter of 2021 was
Dollar’s decline continues and accelerates a little in early US session after weak economic data. Gold is also accelerating upwards, in tandem with the greenback’s movements. Yen is following as second worst for now, following recovery in European stocks and US futures. Commodity currencies and Sterling are currently the stronger ones for today. Technically, immediate
The U.S. economy rose at a disappointing rate in the second quarter, the Commerce Department reported Thursday in a sign that the U.S. has escaped the shackles of the Covid-19 pandemic but still has more work to do. Gross domestic product, a measure of all goods and services produced during the April-to-June period, accelerated 6.5%
In this article YUM Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analyst predictions as same-store sales grew at all
Market squaring net shorts in cable leading to prospects of higher highs to come. The market focus will now be leaning towards next week’s BoE meeting. At the time of writing, GBP/USD is leaning on support from the bullish 10 EMA and prior resistance structure near 1.3960. The price has rallied to 1.3981 on the
Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round. The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28. The development team is currently a three-person unit and the firm will use the
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BTC One of the tests for the longevity of Bitcoin’s long term viability is how usable is it? The more places that BTC can be used the more point there is in owning BTC. In short BTC needs to go from the realm of ‘techno savvy only’ to ‘Mr & Mrs Smith’. That tipping point