Gold is expected to fall for the first time in three weeks as rates and the currency rise
Gold is expected to fall for the first time in three weeks as rates and the currency rise Gold prices remained flat on Friday, weighed down by the dollar’s resilience and the increase of US Treasury yields, putting bullion on track for its first weekly loss in three weeks. As of 0501 GMT, spot gold […]
AB Volvo profits soar, while supply chain woes wreak havoc on truck orders
AB Volvo profits soar, while supply chain woes wreak havoc on truck orders AB Volvo, a Swedish truck manufacturer, announced an unexpected increase in first-quarter core earnings on Friday, despite a stressed supply chain that limited its ability to fulfil order books. Daimler Truck and Traton’s rival said it expects component supplies to remain unpredictable, […]
EUR/USD Reach Historical Levels | Xtreamforex
EUR/USD Reach Historical Levels | Xtreamforex EUR/USD has recovered its foothold in the early European session on Thursday and progressed to its most elevated level in seven days close 1.0900. The specialized standpoint recommends that the bullish predisposition stays in one piece in the close to term and extra gains could be seen in the […]
Dollar Up, but Below Previous Day’s High, Ahead of Finance Ministers’ Gathering
Dollar Up, but Below Previous Day’s High, Ahead of Finance Ministers’ Gathering NZD: Consumer Price Index (CPI), Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Forecast 2.0%. EUR: Final […]
The allure of gold futures is dwindling as bond yields rise
The allure of gold futures is dwindling as bond yields rise On Wednesday, gold futures dipped marginally as traders evaluated forecasts of tighter Fed monetary policy and higher yields. Gold futures in the United States fell 0.07 percent to $1,957 per ounce. Meanwhile, spot gold rose 0.3 percent, pulling back from a two-week low. “We’re […]
Tesla record profit $18.76 billion in revenue
Tesla record profit $18.76 billion in revenue Tesla just released its first-quarter profits for 2022, and both the top and bottom lines surpassed analysts’ estimates. The important figures are listed below. After-hours trading saw shares rise as much as 6%. Automotive revenue increased by 87 percent year over year to $16.86 billion. Tesla reported a […]
GBP/USD/EUR Beats 14-Year Trend Line Resistance At 127.10/50
GBP/USD/EUR Beats 14-Year Trend Line Resistance At 127.10/50 GBP/USD stays weighty, flexing against the 1.30 support level. The pair is set to stay under pressure while underneath 1.3150, Financial analysts report. Support at 1.2980-1.30 still looks firm, support at 1.2980-1.30 still looks firm. Note that the pair has bombed on different occasions at 1.2980-1.30 since […]
AUD/JPY hits a bit of an air pocket, dollar dragged as a result
AUD/JPY hits a bit of an air pocket, dollar dragged as a result JPY: Trade Balance, it measures difference in value between imported and exported goods during the reported month. AUD: MI Leading Index m/m, it measures change in the level of a composite index based on 9 economic indicators. JPY: Tertiary Industry Activity m/m, […]
Despite timid drillers, US oil production is increasing
Despite timid drillers, US oil production is increasing A couple of recent predictions have predicted significant improvements in U.S. shale oil output this year, igniting confidence in an industry that has maintained a culture of discipline and caution for the past two years. According to the industry, caution will be the order of the day. […]
What to expect from Netflix 1st quarter earnings?
What to expect from Netflix 1st quarter earnings? Netflix (NFLX) shares have underperformed the market in 2022, down 35 percent and 46 percent in the last three and six months, respectively. In addition, the stock has dropped 38% and 37% in the last nine and twelve months, respectively. Is this a good time to buy? […]
EUR/USD Forecast: Euro on the brink of renewing multi-year lows
EUR/USD Forecast: Euro on the brink of renewing multi-year lows XAUUSD Price stays helpless before the price activity in the US dollar and the Treasury yields, kindness of the forceful Fed’s tightening assumptions. In the interim, the shortfall of the primary level US monetary information leaves the consideration on the Fed analysis and rising worries […]
USD/CAD/NZD Holds Firm as Dollar Strengthens and Yields Rise Key Insights
USD/CAD/NZD Holds Firm as Dollar Strengthens and Yields Rise Key Insights NZD: Business NZ Services Index, Survey of purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories AUD: Monetary Policy Meeting Minutes, t’s a detailed record of the RBA Reserve Bank […]
Gold is slipping lower, although it is holding up well in comparison to the USD’s recent highs
Gold is slipping lower, although it is holding up well in comparison to the USD’s recent highs So far, the gold price has remained unchanged for the day as markets consolidate the upward. The gold price is currently trading at $1,978 and has been in a tight range between $1,974.93 and $1,979.01 so far. […]
Wall Street closes lower after a volatile day as investors seek earnings
Wall Street closes lower after a volatile day as investors seek earnings Investors contrasted Bank of America’s upbeat earnings with skyrocketing bond yields ahead of more earnings clues this week, and U.S. stocks closed lower on Monday after flip-flopping during afternoon trade. Market investors are bracing for a flurry of earnings reports that will help […]
EUR/USD Rising US yields, sour market mood weigh on Euro
EUR/USD Rising US yields, sour market mood weigh on Euro EUR/USD has experienced bearish move on early Monday subsequent to having shut the earlier week somewhere down in regrettable territory. Despite the fact that trading conditions stay slender because of the Easter Monday holiday in Europe, rising US Treasury bond yields and risk-averse marketing strategy […]
NZD sets USD/CNY reference rate
NZD sets USD/CNY reference rate CNY: Gross Domestic Product , Data represents the quarterly value compared to the same quarter a year earlier. Chinese data can have a broad impact on the currency markets due to China’s influence on the global economy and investor sentiment. XQ4567890- USD:NAHB Housing Market Index, Survey of about 900 home […]
On the Ukraine situation worsens, oil prices climb due to supply concerns
On the Ukraine situation worsens, oil prices climb due to supply concerns Oil prices increased on Monday as fears of tighter global supply grew, with the developing crisis in Ukraine raising the risk of more penalties from the West against Russia, the world’s leading exporter. Brent futures were up $1.50, or 1.3 percent, at […]
CISCO a dividend-paying technology stock of high quality
CISCO a dividend-paying technology stock of high quality Tech stocks have been on the decline since the beginning of the year, and it doesn’t appear that things will improve anytime soon. If you’re looking for a safe investment in today’s economy, you can choose Cisco (CSCO), a communications equipment firm. It’s a reliable business […]