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
Month: May 2021
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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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S&P listen 1% from its all-time high Both the NASDAQ and SMP indices are trading to new session highs. The NASDAQ index traded as high as 13742.29. It is currently trading at 13741, up 83.85 points or 0.61% The S&P is trading up 10.9 points at 4199.05. That’s up 0.26%. Its hi it just reached 4199.92 just short of 4200. The S&P index
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NEW DELHI: Copper prices on Wednesday traded up by 0.41 per cent at Rs 748.30 per kg in the futures market on the back of a pickup in the spot demand. On the Multi Commodity Exchange, copper contracts for delivery in June traded higher by Rs 3.05, or 0.41 per cent, at Rs 748.30 per
Following a weak first quarter, the strength in EURUSD has gathered momentum. The pair is the second strongest among majors quarter-to-date. A more upbeat economic outlook, heightened inflation forecasts and expectations of ECB’s tapering are key driving forces of the recent rally. Indicators Pointing to Stronger 2Q21 Leading indicators have pointed to an upbeat 2Q21.
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