Gold price rallies over 0.7% and ekes out a fresh all-time high at $3,086. Markets are heading into safe-haven Gold while Equities and Cryptocurrencies drop. Gold traders are now targeting $3,100 in the near term. Gold price (XAU/USD) is printing another record performance this Friday, hitting $3,086 as the new all-time high for now and trading…
HomeRBI latest meeting ‘diluted’ its old policy framework: Nomura On Tuesday, the central bank surprised the market with a 25-basis-point cut to its policy repo rate, or the rate at which it lends to banks, to 6.25 percent. By CNBCTV18October 14, 2019, 3:45:18 PM IST (Updated) The Reserve Bank of India`s (RBI) monetary policy announcement…
business The benchmark 10-year government-security yield remained stuck in 8-7.5 percent range through all of 2015 and half of 2016, moving lower to sub-7 percent only when the RBI promised in April to reduce the system’s liquidity deficit. The yield may now fall more. first published: Oct 5, 2016 10:54 am A collection of the…
business Credit Suisse’ Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices. first published: Oct 5, 2016 10:33 am A collection of the most-viewed Moneycontrol videos. Watch and Follow our leading…
People will be shopping for health online, requesting medicines from a wearable, which in turn, could be sending a BP alert. Doctors and patients would be communicating on the cloud, on the move, while medicine tests would be happening proactively, even as medicines, treatment as well as prognosis could be turning extremely personalized. Organs (transplants,…
Stocks like Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel gained over 1 percent from previous close. October 05, 2016 / 16:48 IST Shares of steel stocks rallied on government boosters as minimum import price (MIP) on 66 steel products is extended by another two months to protect the industry against cheap imports….
Mexican Peso drops nearly 1% as traders brace for Banxico’s rate cut and digest US trade shock. Trump enacts 25% tariffs on all auto imports, hitting major suppliers like Mexico and spooking EM currencies. USD/MXN surges to 20.36 as tariff fallout combines with looming 50 bps Banxico rate cut expectations. The Mexican Peso is feeling…
EUR/USD was seen trading near the 1.0780 area on Thursday, gaining ground toward the top of its daily range. Despite mixed oscillator signals, the overall setup remains bullish, underpinned by short and medium-term moving averages. Support rests at the 1.0790–1.0760 zone, while resistance appears near 1.0810 and 1.0840. The EUR/USD pair extended gains on Thursday, moving…
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The surprise effect from auto tariffs from US President Donald Trump is already starting to wear off. The GDP’s third reading for the fourth quarter is not moving the needle. The US Dollar Index is near flat this Thursday and will probably remain flat going into Friday’s PCE release The US Dollar Index (DXY), which…
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