Dow Closes at Record High as Nasdaq Slips
Wall Street moved in two directions on 12th Nov as the Dow soared, climbing 559 points (up 1.18%) and closing at an all-time high of 47,927.96. Investors rushed into blue-chip names—Merck, Amgen, Johnson & Johnson—giving the index a strong push. The S&P 500 rose too, though not as dramatically, ending up 0.21% at 6,846.61. Tech […]
Silver (XAG/USD) Retreats as Stronger US Dollar Caps Gains
Silver (XAG/USD) drops back to about $51.10 in early European trading on Wednesday, snapping a five-day run. The culprit? The US Dollar’s sudden strength. Traders are watching the Fed for hints about its next move, and several officials—John Williams, Christopher Waller, and Raphael Bostic—are lined up to speak later today. Their comments could set the […]
Australian Dollar Slides as RBA Keeps Traders Guessing
The Australian Dollar took another hit against the US Dollar on Wednesday. Investors didn’t like what they heard from the Reserve Bank of Australia. RBA Deputy Governor Andrew Hauser called their policy “restrictive” and admitted the board is still debating its next move. Bottom line: the RBA looks set to keep things tight for longer, […]