Tag Archives: initial jobless claims

Gold prices surged above the $2,700 mark on Thursday and is trading even above this level, at $2,714 at the timee of writing. This bold price action is certainly fueled by a weaker US Dollar and declining US Treasury yields. This rally comes amidst mixed economic data from the United …

On the first day of trading in 2025, the US dollar surged to the top of the forex pile as wider markets continue to place a strong bet on the safe haven currency. In a world of unstable economic conditions, traders may not be the largest supporters of the US …

Gold price retreated from its intraday high of $2,470 after upbeat US Retail Sales data for July. Traders are widely anticipating the Fed will begin reducing interest rates from September. The July US CPI data boosted confidence that price pressures will return to the desired 2% rate. The US Census …

On Thursday, the Japanese Nikkei index struggled to maintain its early gains and ultimately closed lower, primarily due to a decline in shares of companies associated with the chip industry. Tokyo Electron shares, in particular, faced selling pressure following disappointing annual revenue estimates from British chip design company Arm Holdings, …

The Japanese Nikkei index struggled to maintain its early gains and ultimately closed lower on Thursday, with chip-related companies bearing the brunt of the decline. This downturn was notably influenced by the subdued annual revenue estimates reported by the British chip design company, Arm Holdings, which fell short of market …

On Tuesday, Japan’s Nikkei index surged over 1 percent, reflecting improved investor sentiment driven by heightened bets on potential US interest rate cuts and sustained gains in the technology sector. Closing at 38,835.10 points, the Nikkei index climbed 1.57 percent, marking its highest closing level since April 15. The broader …

Japan’s Nikkei index experienced a downturn on Wednesday as traders exercised caution ahead of the Federal Reserve’s monetary policy decision. Despite some recovery from early losses, the Nikkei concluded the day with a 0.3 percent decline, settling at 38,274.05 points. The broader Topix index also saw a 0.5 percent decrease, …

On Tuesday, the Japanese Nikkei index surged, mirroring the strong performance of Wall Street the previous night. Investors eagerly awaited the outcome of the Federal Reserve meeting, seeking insights that could impact the Japanese currency exchange rate. The Nikkei climbed by 1.24 percent to close at 38,405.66 points. However, the …

Japan’s Nikkei index suffered its most significant daily decline in over two and a half years on Friday, dragged down by losses in chip-related stocks following the downturn in Taiwan’s TSMC. Additionally, escalating turmoil in the Middle East dampened risk appetite among investors. The Nikkei plummeted 2.66 percent to close …

Gold prices climbed on Friday as risk aversion gripped financial markets following reports of bombings in Iran. These reports raised concerns about a potential escalation in regional tensions, bolstering gold’s status as a safe-haven asset. By 0429 GMT, spot gold rose by 0.3 percent to $2,386.05 per ounce, after briefly …