Japan’s Nikkei index fell sharply on Tuesday after reaching a 33-year high, with some investors rushing to sell stocks to lock in profits, after the index posted eight straight days of gains. The Nikkei index started the day’s trading strongly and reached a new peak at 31352.53 points, a level …
Read More »European stocks fell, with Julius Baer falling
European stocks fell on Tuesday, dragged down by Swiss wealth manager Julius Baer after weak results, while investors await data on business activity in the euro zone for clues about the path of interest rates. The pan-European Stoxx 600 index was down 0.3% by 0715 GMT, with the travel and …
Read More »Dollar is at its highest level in 6 months against the yen
The dollar touched a six-month high against the yen on Tuesday amid the continuing debt ceiling crisis in the United States and growing expectations that interest rates there will remain higher for a longer period. The dollar rose to a six-month high of 138.80 against the yen in early Asian …
Read More »Gold is falling amid the strength of dollar
Gold prices fell on Tuesday, affected by the strength of the dollar, while investors watched the continued attempts to reach an agreement to end the debt ceiling crisis in the United States. Spot gold fell 0.4 percent to $1,962.06 an ounce by 0306 GMT. US gold futures also fell 0.6 …
Read More »Market Drivers – US Session – 22/05/2023
Gold’s gains from Friday were partially reversed, with XAU/USD slipping towards $1,970/oz. Additionally falling, silver finished the day at $23.60. The performance of cryptocurrencies was uneven, with BTC/USD failing to recoup $27,000. Prices for crude oil increased somewhat; WTI got close to $72.00. On a quiet Monday in the financial …
Read More »Wall Street mixed as investors focus on debt ceiling talks
Wall Street closed mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling.President Joe Biden and top congressional Republican Kevin …
Read More »Oil price lower on global trade fears post G7 summit
Oil price opens the new trading week lower on concerns linked to the outlook of global trade will likely be be impacted by geopolitical wrangling at G7 summit. China provokes the United States by banning US-manufactured micro chips. Oil recovers after US Dollar weakens on continued debt-ceiling uncertainty as talks …
Read More »Bitcoin stabilizes near $27,000 amid reduced volatility
Traders are now questioning whether a bullish breakout is the next possible outcome for the Bitcoin price. The most famous crypto asset, though trading at $26859.14 at the time of writing, is amid an ongoing conflict between buyers and sellers, which typically precedes periods of extreme price volatility and is …
Read More »McCarthy hints at debt ceiling deal tonight or tomorrow
On Monday, US House Speaker Kevin McCarthy expressed optimism about reaching a deal on the debt-limit with White House negotiators, stating that discussions had been productive leading up to a meeting with President Joe Biden later in the day. McCarthy said he’s insisting on an agreement to “spend less” than …
Read More »Gold Higher as US Debt Ceiling Talks, Fed’s Stance in Focus
Gold prices rise as traders await clarity on U.S. debt ceiling negotiations and Federal Reserve’s interest rate strategy. Gold prices influenced by US debt ceiling negotiations, Federal Reserve’s interest rate pathGold is seen as a safe-haven investment amid concerns over the debt ceiling. The impact of US default on gold …
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