The Indian Supreme Court declined to consider a Public Interest Litigation (PIL) that aimed to establish regulations and a framework of guidelines for cryptocurrency trading in India. According to a report, the bench headed by the Chief Justice of India (CJI), after listening to the plea, remarked that the petitioner’s demands are more legislative in
Month: November 2023
Today’s currency market sees Euro gaining some traction, especially against Japanese Yen, which is underperforming alongside Australian Dollar. Despite RBA’s hinting at a potential rate hike, Aussie is struggling, not only against major currencies but also against its commodity-linked counterparts. British Pound, too, is lagging behind despite UK reporting GDP figures marginally above expectations. Dollar
Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is the possibility of the golden path … that we got inflation down without a recession,” Goolsbee
BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images China’s largest chipmaker SMIC on Thursday posted a 80% drop in third-quarter profit as
The day started with the Dow industrial average and S&P index lower on the day. At session lows, the S&P was down -10.58 points and the Dow industrial average always down -69.15 point). That lower open threatened the 7-day consecutive up day streak. However, at the close, the losses have been reversed and each of
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold price declined Rs 250 to Rs 61,500 per 10 grams in the national capital on Tuesday amid weak cues in the global markets, according to HDFC Securities. The yellow metal had closed at Rs 61,750 per 10 grams in the previous trade. “Gold prices extended fall on Tuesday, with spot gold prices in the
Share: WTI Oil falls to a three-month low. The US Dollar holds ground above 105.00 despite abrupt correction. Oil faces risk of falling to $78, last line of defence before $70 comes into play. Oil prices trade near session low near the start of the US opening bell, despite the reaffirmation from Saudi Arabia and
Australian Dollar is taking a surprising dip today despite RBA’s anticipated decision to raise the cash rate target by 25bps. Investors have taken this opportunity to lock in profits, influenced by the central bank’s softened rhetoric on the immediate need for further rate hikes. It appears RBA is likely to pause again to evaluate the
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, July 26, 2023. Brendan McDermid | Reuters The world’s major central banks paused their interest rate hiking cycles in
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City. Ilya S. Savenok | Getty Images Entertainment | Getty Images Uber reported third-quarter results Tuesday that missed analysts’ expectations
The Nasdaq Composite opened higher yesterday following the less hawkish than expected Fed decision where the central bank left interest rates unchanged once again and Fed Chair Powell said that they “have not yet made any decision on future meetings” suggesting that they may not hike at all anymore. On the data front, yesterday the
Markets: Gold up $7 to $1992 US 10-year yields down 9.3 bps to 4.57% WTI crude oil down $1.64 to $80.83 S&P 500 up 1.0% NZD leads, USD lags This week marked a turn of the calendar and a turn in markets. Treasury yields plunged and the dollar sank along with them. Meanwhile, it was
Gold traded flat on Friday amid a steady dollar index (DXY). MCX December gold futures were trading at Rs 60,900 per 10 gram, down by Rs 11 or 0.02% from Thursday’s closing price. Meanwhile, the December silver futures were trading at Rs 71,248 per kg, lower by Rs 152 or 0.21%. On Comex, gold futures
The decentralized finance project SafeMoon, which was charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud, has said that it is closely examining the recent developments and will work to resolve the situation promptly. According to a statement made by the project on X (formerly Twitter), its teams
Share: The 1.33-1.37 range economists at Rabobank have been highlighting for USD/CAD has broken to the upside. They do not expect much further upside for the pair. USD/CAD seen at 1.3620 by year-end We don’t expect much further upside for USD/CAD. Yet, a return to the 1.35 magnet we have been trading around is unlikely
Markets reacted with notable positivity to the latest US. non-farm payroll report, which showed weaker-than-expected growth in jobs, a higher unemployment rate, and subdued wage inflation. Stock futures leaped as the data appeared to assuage investor concerns about further tightening by Fed. In a sharp response, 10-year Treasury yield plunged through 4.55% level, exacerbating the
Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group Hamas continues, in this handout image released on November 1, 2023. Israel Defense Forces | Reuters The Israel-Hamas war could have a significant impact on