GBPJPY up over 1% on the day The USDJPY is trending higher and is now trading at the highest levels since April 9 – moving above the May high at 109.78 in the process. The GBPJPY is outpacing that trend move gain, with a run higher of over 1% for the GBPJPY pair. The GBP is the strongest of the majors
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NEW DELHI: Gold declined by Rs 319 to Rs 48,223 per 10 gram in the national capital on Thursday amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal closed at Rs 48,542 per 10 gram. Silver also went lower by Rs 1,287 to Rs 70,637 per kilogram from Rs 71,924
Sterling jumps broadly today as a BoE officials indicated that rate hike could come next year. UK Prime Minister Boris Johnson also said there is nothing in data that suggests a delay to reopening on June 21, even though some more time is needed to assess the situation. Nevertheless, Canadian Dollar is even stronger for
The U.S. jobs market edged closer to its pre-pandemic self last week as initial jobless claims totaled just 406,000 for the week ended May 22, the Labor Department reported Thursday. While that level is still well above the norm before Covid-19 struck in March 2020, it is the closest to the previous trend since the
Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy said Thursday that sales grew 36% in the fiscal first quarter, as shoppers’ stimulus-fueled spending spree included consumer electronics. Shares of the company nearly
XAU/USD continues to edge lower after failing to close above $1,900. Rising US Treasury bond yields weigh on gold in the second half of the week. US PCE inflation preview: Gold remains key asset to watch. The XAU/USD pair reached its highest level since early January at $1,912 on Wednesday but ended up closing the
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Nvidia releases earnings after the close the major US indices are ending the session with mixed results. The Dow 30 is closing lower. The Russell 2000 index up small-cap stocks is closing up around 2%. The Dow and S&P are on track for a monthly gain the NASDAQ remains on track for a down month.
Forex news for Asia trading on Thursday 27 May 2021 The New Zealand dollar was the mover today, albeit not by much. NZD/USD slid during the early part of the session into and throughout testimony from Reserve Bank of New Zealand Governor Orr to a committee in parliament. Orr did not really add much to
A couple investing in crypto have claimed that coins gained by mining or staking are not taxable until sold, in a complaint filed to federal court. The Tennessee couple are seeking a refund from the Internal Revenue Service (IRS) and filed a complaint with the U.S. District Court for the Middle District of Tennessee on
India is the second largest consumer of gold globally, with an average annual gold demand of approximately 800-900 tonnes over the last decade. Indians are known to park a part of their savings in gold – mostly as physical coins or in the form of jewelry. Further, a large quantity of gold is held by
Overall markets are mixed for now, except the clear strength in New Zealand Dollar this week. While Aussie is also trading higher against others, it’s lagging Kiwi by a mile. Dollar recovered overnight but once again lost momentum quickly. Canadian Dollar has also found some footing after yesterday’s pull back. In other markets, Asia markets
In this article NVDA Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia reported first quarter results for its fiscal 2022 on Wednesday, with sales growing 88% compared
Asian shares struggle to keep recent gains around two-week top. Sino-American trade chatters are back in fashion, RBNZ’s Orr weighs on NZX 50. Aussie Capex, China Industrial Production came in softer for April. US Treasury yields remain firm, test the market bulls ahead of the key data. Asian equities remain sidelined around the fortnight top
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