Stocks in the United States finish with a mixed performance
Stocks in the United States finish with a mixed performance On Friday, May 20, 2022, the US stock market ended the day on a mixed note, with a lack of important US economic data putting some investors on the sidelines and concerns about the potential economic consequences from the Federal Reserve’s efforts to suppress […]
In the idle markets, XAU/USD remains protective at $1,800
In the idle markets, XAU/USD remains protective at $1,800 As global markets battle for clear directions to extend the previous optimism, gold (XAU/USD) prices drop from intraday highs, being range-bound near $1,813-18. During a sluggish Asian session on Wednesday, the precious metal maintained its previous day’s fall from the 200-DMA. The current Fed speak is […]
Stocks end the day higher as indexes recover from their recent sell-off
Stocks end the day higher as indexes recover from their recent sell-off Stocks in the United States rose on Tuesday, helped by a rise in technology companies, as all three indexes recovered after heavy selling last week sparked by concerns about persistently rising prices and the possibility of an economic downturn. Investors mostly ignored Federal […]
Oil prices starting to fall as EU tries for Russia import ban
Oil prices starting to fall as EU tries for Russia import ban Oil prices fell in early Asian trade on Tuesday as the European Union’s efforts to establish a ban on Russian oil imports, which would reduce global supply, were met with opposition from Hungary. At 0004 GMT, Brent crude prices were down 35 cents, […]
The stock market meltdown may not be ended yet
The stock market meltdown may not be ended yet A massive outflow of funds, a $11 trillion loss, and the biggest losing run for world markets since the financial crisis of 2008. The bad news is that it may not be over yet. The MSCI ACWI Index selloff has slashed company valuations across the US […]
As oil stocks rise, Wall Street is turning away from big tech
As oil stocks rise, Wall Street is turning away from big tech On Wall Street, big tech stocks were all the rage, with speculators buying them up to absurdly high levels. For example, the legendary quintuple of Facebook (now Meta), Amazon, Apple, Netflix, and Google (now Alphabet) took up about a fifth of the S&P […]
Gold drops as investors consider US Inflation data
Gold drops as investors consider US Inflation data In Asia on Thursday morning, gold was down. Investors are analyzing the US consumer price index (CPI), which showed that inflation is still strong but has peaked in April, alleviating fears about the Federal Reserve raising interest rates more aggressively. By 11:12 p.m. ET, gold futures had […]
NASDAQ is down more than 3% as investors are disappointed by US inflation statistics
NASDAQ is down more than 3% as investors are disappointed by US inflation statistics After U.S. inflation statistics failed to ease investor concerns about interest rates and the economy, US equities closed substantially lower on Wednesday, with the NASDAQ plunging more than 3% and the Dow plummeting for the fifth day in a row. The […]
Gold rates are approaching their lowest in three months, while silver prices are also down
Gold rates are approaching their lowest in three months, while silver prices are also down Gold prices in plummeted to near three-month lows ahead of the release of monthly US inflation statistics, which experts believe would have an influence on the Federal Reserve’s monetary policy stance. Later in the day, at 6 p.m., the US […]
Dow falls for the fourth day in a row
Dow falls for the fourth day in a row On Tuesday, the market fluctuated between gains and losses as concerns about inflation, interest rates, and the economy weighed on investors. The NASDAQ Composite, which is heavily weighted in technology, was up 2.8 percent at one point. Stocks had virtually lost those gains by late morning, […]
Dollar rises as equity markets are jolted by nervousness
Dollar rises as equity markets are jolted by nervousness The dollar started the week on a solid note, bolstered by dramatically increasing US yields and investors’ flight to safety as Chinese lockdowns, conflict on the outskirts of Europe, and fear of higher interest rates pushed markets into a frenzy. In early trade, the US dollar […]
Stocks drop in a dramatic reversal earlier in the session; the Nasdaq is down 5%.
Stocks drop in a dramatic reversal earlier in the session; the Nasdaq is down 5% US equities fell on Thursday, giving back gains made on Wall Street the day before, as traders continued to mull over the Federal Reserve’s latest monetary policy decision. The S&P 500, Dow, and NASDAQ all fell precipitously. Tech stocks underperformed, […]
Markets rally after Powell downplays the possibility of any larger rate hikes
Markets rally after Powell downplays the possibility of any larger rate hikes The market – Dow Jones Industrial Average gained more than 900 points, and the S&P 500 gained the most in two years, as Federal Reserve Chair Jerome Powell downplayed the chance of an even greater interest rate hike after announcing the steepest rate […]
Gold falls as rates rise ahead of the Fed’s rate hike decision
Gold falls as rates rise ahead of the Fed’s rate hike decision Gold prices dropped on Wednesday as increased US Treasury rates and the Federal Reserve’s anticipated interest rate rise announcement dampened demand for zero-yield metal. As of 0217 GMT, spot gold was down 0.3 percent at $1,862.48 per ounce. Gold futures in the United […]
Gold Price is trading closeness to new three-month lows
Gold Price is trading closeness to new three-month lows Gold Price is trading closeness to new three-month lows simply above $1,850, as sellers stay in control regardless of the expansive pullback in the US dollar from long term tops. The US Treasury yields settle at the most significant level in over three-year, keeping the drawback […]
Wall Street falls as the Fed’s attention shifts, and 10-year Treasuries surpass 3%
Wall Street falls as the Fed’s attention shifts, and 10-year Treasuries surpass 3% Wall Street’s main indexes fell on Monday, giving up early gains in tragic trade, as investors became more cautious ahead of this week’s Federal Reserve meeting, when officials are largely anticipated to hike interest rates. In addition to the weakening in […]
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Germany: It’s ‘realistic’ to stop using Russian oil by the end of the summer
Germany: It’s ‘realistic’ to stop using Russian oil by the end of the summer Germany claims to be making extra effort to disassociate itself off Russian fossil resources, , estimating that it will be completely independent on Russian crude oil imports by late summer. According to Economy and Climate Minister Robert Habeck, Europe’s largest economy […]