Gold prices were little changed on Wednesday, as investors worried about the protracted negotiations over raising the US debt ceiling, and the rise in the dollar also helped keep prices under control. Spot gold prices rose 0.1 percent to $1991.35 an ounce by 0455 GMT. US gold futures witnessed little …
Read More »Oil is falling on demand concerns after a sudden increase in US inventories
Oil prices fell for a second day on Wednesday after a surprise rise in US crude inventories raised concerns about demand in the wake of weaker-than-expected economic data from the United States and China, the world’s two largest oil consumers. Brent crude futures fell 29 cents, or 0.4 percent, to …
Read More »US Retail Sales rise 0.4% in April
The US Census Bureau reported on Tuesday that retail sales in the United States increased 0.4% in April to $686.1 billion. This report follows a 0.7% (updated from -0.6%) fall in March and fell short of the 0.7% gain expected by the market. In the same period, Retail Sales ex-Autos …
Read More »German ZEW Economic Sentiment Index declines in May
The German ZEW headline figure revealed that the Economic Sentiment Index fell substantially in May, falling to -10.7 from 4.1 in April, falling short of the market forecast of -5.5. Meanwhile, the Current Situation Index rose to -34.8 from -32.5, above the market forecast of -37.5. During the same time …
Read More »Automotive and mining stocks lead losses in European markets
European stocks fell on Tuesday, affected by losses in automakers and mining stocks after weak data from China fueled fears of a slowdown in the Chinese economy and while investors await more economic data from the euro zone. The European Stoxx 600 index fell 0.2 percent, and most of the …
Read More »Japan’s Topix closes at a 33-year peak and chip stocks follow Nasdaq’s gains
The Japanese Topix index closed at the highest level in 33 years on Tuesday, after companies showed strong expectations during the results season, and stocks of companies related to chip manufacturing tracked the gains made by the Nasdaq index at the close of trading on Monday. The broader Topix index …
Read More »Gold fell after signs from the Fed that interest rates will continue to rise
Gold prices fell slightly on Tuesday after traders carefully weighed comments by Federal Reserve officials about keeping interest rates high, while talks on raising the US debt ceiling and the risk of default limited losses for bullion. Spot gold prices fell 0.2% to $2015.84 an ounce by 0452 GMT, while …
Read More »Dow Jones may witness a temporary decline 16/5/2023
Oil, Crude, trading
Read More »CAD looking for extra momentum 16/5/2023
The Canadian dollar rose marginally yesterday but failed to maintain its gains above the resistance level of the psychological barrier 1.3500, as the current movements witness stability below it. Technically, we find the 50-day simple moving average trying to push the price to the upside, and we find the RSI …
Read More »GBP advancing against USD 16/5/2023
Oil, Crude, trading
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