The EURUSD pair rebound to near the psychological resistance of 1.1000 in Friday’s New York session. The major currency pair bounced back as the US Dollar declined with investors gaining confidence that the Federal Reserve will start reducing interest rates from the September meeting. The DXY Dollar Index, which tracks the greenback’s value against six … Read more
EURUSD slumped below 1.0900 in Thursday’s American trading. The major currency pair weakened as the Dollar recovers strongly on soft US Initial Jobless Claims data for the week ending August 2. Individuals claiming jobless benefits for the first time came in lower at 233,000 than estimates of 240,000, and the prior release of 249K. The DXY Dollar Index, which tracks the greenback’s value … Read more
Silver is down by more than 5%, skidding below $28.00 in Monday trading. XAGUSD took a nosedive to an almost three-month low as fears of a global economic slowdown has intensified following a string of US economic data that indicated the nation is moving towards a recession. Recent US data showed signs of slower labour … Read more
Silver (XAGUSD) fell sharply to near $28.70 in Thursday’s European trading after posting a fresh weekly high at $29.16. The white metal dropped as the US Dollar rebounds strongly, and the Caixin Manufacturing PMI surprisingly contracted in July. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, jumped higher to near … Read more
The EURUSD currency pair weakened to near 1.0835 in Monday’s European trading, declining amid uncertainty ahead of the Eurozone preliminary Harmonized Index of Consumer Prices (HICP) for July and the Fed’s monetary policy announcement on Wednesday. The Eurozone inflation data will indicate whether market expectations for two more rate cuts by the European Central Bank this … Read more
Silver plummeted to near $29.00 in Friday’s American trading. The white metal faces an intense sell-off as the outcome of China’s third plenum meeting had less stimulus measures to address economic challenges and was more focusing more on “high-quality development”. The world’s second-largest economy struggles to maintain the economic growth momentum due to poor demand … Read more
Donald Trump’s choice of Senator JD Vance as his running mate for the 2024 presidential election has been branded as a “masterstroke” by the CEO of a leading independent financial advisory and fintech for his pro-cryptocurrency approach. Trump selected the Ohio senator, ending months of speculation about the Republican nominee’s choice to help him challenge … Read more
BNN Bloomberg’s Paul Bagnell looks at how North American markets are shaping up for the trading day. (Bloomberg) — U.S. stock futures rose and longer-maturity bonds retreated as investors ratcheted up wagers that Donald Trump would win the presidential election after an assassination attempt.The U.S. 30-year yield rose above the two-year for the first time … Read more
Building on the strong show seen in financial year 2023-24, Net Direct Taxes collections have surged 19.54 per cent to ₹ 5.74-lakh crore till July 11 this fiscal, official data released by CBDT showed.In the same period (upto July 11) last fiscal, the net direct tax collections stood at ₹4.80-lakh crore.The latest reading of ₹5.74 … Read more
EURUSD is clinging to gains above the crucial support of 1.0800 on Tuesday as the Dollar remains under pressure due to firm market speculation that the Fed will start reducing interest rates in September. According to the CME FedWatch tool, traders see a 77% chance that interest rates will be lower than current levels in … Read more