November 14, 2024
Gold extends fall as dollar, Treasury yields rise
Gold prices extended losses for the fourth straight session, weighed down by a stronger dollar and elevated bond yields on news that October U.S. consumer prices increased as expected. The Gold fell 0.6% against the Dollar in the last trading session. According to the Stochastic-RSI, we are in an oversold market.Support: 2525.7 | Resistance: 2648.4
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November 13, 2024
Wall Street dips as focus moves to economic data
Wall Street’s main indexes fell as investors booked profits following post-election gains over the past few days, while focus moved to key inflation data later in the week. Some of the stocks expected to perform well under Donald Trump’s presidency gave back gains.
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November 13, 2024
Oil prices hold near 2-week low after OPEC cuts demand view
Oil prices held near a two-week low after dropping about 5% over the past two sessions as investors absorbed OPEC’s latest downward revision for demand growth, a stronger U.S. dollar and disappointment over China’s latest stimulus plan. The Oil-Dollar pair rose 0.2% in the last session after gaining as much as 1.3% during the session. […]
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November 13, 2024
Dollar rises on Trump tariff hopes
The U.S. dollar rose to a near five-month high against major peers, buoyed by expectations of inflationary import tariffs from Republican President-elect Donald Trump, while bitcoin pared gains from a record rally.
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November 12, 2024
Wall Street hovers at record highs; Trump-linked stocks extend gains
Wall Street’s indexes were near record highs, ahead of an upcoming batch of economic data that could influence the Federal Reserve’s pace of interest rate cuts. Several stocks added to gains they have notched since Donald Trump won the election, as traders expect them to benefit from his return to the White House.
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November 12, 2024
Euro hits lowest in 6 and half months vs dollar
The euro dropped to its lowest level in 6-1/2 months against the greenback as investors worried about possible U.S. tariffs that would hurt the euro area’s economy. Meanwhile, the U.S. dollar index slightly overshot the highs seen right after the U.S. presidential election. The last session saw the Euro drop 0.5% against the Dollar. According […]
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