Gold rose on Friday, climbing further up from a two-month trough hit during the week, as the dollar weakened and investors weighed prospects for U.S. Federal Reserve tightening after a strong U.S. jobs report that nevertheless showed a slight uptick in the unemployment rate. Spot gold rose 0.3% to $1,781.77 per ounce by 12:48 pm
Month: July 2021
Dollar struggles to ride on stronger than expected non-farm payroll growth, and it’s indeed retreating notably in early US session. Stocks are also not too enthusiastic so far, with DOW futures up only around 0.2% at the time of writing. Still, the greenback is more likely to finish as the strongest one for the week,
US President Joe Biden speaks on the June jobs report in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, DC on July 2, 2021. Mandel Ngan | AFP | Getty Images WASHINGTON — President Joe Biden responded to the June jobs numbers on Friday, saying the
In this article F Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor’s June and second quarter sales were below analyst expectations as a global shortage of semiconductor chips caused significant production cuts and inventory constraints. Ford sold 475,327 vehicles during the second quarter,
GBP/USD analysis: Reaches below 1.3750 The 1.3820 level provided enough resistance for the GBP/USD to pass below the lower trend line of the channel down pattern, which guided the rate since June 23. During Friday’s trading hours, the rate fluctuated sideways near the 1.3750 mark. In theory, the pair should decline, as it has no
GBP/USD under technical pressure below 1.3800 Invest in yourself. See our forex education hub. The range for today remains a bit more subdued going into European trading but the pair is now holding near the lows @ 1.3753 with the dollar keeping steadier so far. The firm break below 1.3800 yesterday was the first since
The bond market has been rather tentative in trading this week Despite the unrelenting dollar strength over the past few days, bonds have not really conformed to that view with 10-year Treasury yields sitting below 1.50% still today. The next key catalyst for a move will come from the NFP release but will it really
AZ Alkmaar is set to become the first professional football club in the Netherlands to pay player salaries in Bitcoin (BTC). In a statement posted on the club website on Thursday, the Eredivisie side, which finished third in the 2020/2021 Dutch football season announced crypto broker Bitcoin Meester as its exclusive and official cryptocurrency partner
NEW DELHI: Coriander prices on Friday rose Rs 22 to Rs 6,658 per quintal in futures trade as speculators widened their holdings tracking firm trend at the spot market. On the National Commodity and Derivatives Exchange, coriander for July delivery went up Rs 22, or 0.33 per cent, to Rs 6,658 per quintal with an
Dollar’s rally resumes after brief consolidation as focus now turns to non-farm payroll report. While some Fed officials might sound optimistic on their expectation on tapering later this year, it’s certain that Fed won’t move unless upbeat outlook is realized in economic data. Successive solid job growth for a few months is needed to give
The federal government will be swimming in $3 trillion of red ink by the end of fiscal 2021, according to a Congressional Budget Office estimate released Thursday that swelled 33% from the last forecast. As a result of multiple stimulus measures aimed at combating the pandemic’s economic impact, Congress will run a budgetary shortfall this
A person walks outside Duane Reade by Walgreens in Hell’s Kitchen on May 26, 2021 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance said on Thursday that sales rebounded at its stores in its fiscal third-quarter and got a lift from Covid-19 shots, prompting the company to raise its outlook for
Silver attracted some buying near 200-hour SMA and edged higher on Friday. The near-term technical setup remains tilted firmly in favour of bearish traders. A sustained move beyond the overnight highs is needed to negate the bearish bias. Silver stalled the previous day’s retracement slide from two-week tops and attracted some dip-buying on the last
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Nasdaq lags and closes marginally higher The major US indices are closing the day higher with the S&P index leading the way. The S&P index is up for the six consecutive day and closes at a record level. New highs 214 versus new lows of 11 Dow closes near session highs Dow up for the third
Forex news for North American trading on July 1, 2021 Taking a look around the markets as the day comes so close shows: Spot gold up $6.87 or 0.39% at $1776.90. Spot silver is down $0.10 or -0.41% $26.01 WTI crude oil futures trading up $1.42 or 1.94% at $74.92 Bitcoin is trading down $1595