Gold prices rose in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 12,658.26 Indian Rupees (INR) per gram, up compared with the INR 12,543.37 it cost on Friday. The price for Gold increased to INR 147,643.80 per tola from INR 146,303.40 per tola on friday. Unit measure Gold Price in INR 1…
The Fed and the BOE hand down decisions this week, while the pound and the dollar carry almost identical policy rates. Which way can GBP/USD go?
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PayPal (PYPL) was heading toward an important earnings report on July 28. Then a $60.50-per-share takeover offer from Stripe and Advent International gave investors something much bigger to think about. The bid sent shares of PYPL sharply higher, and established something investors had been missing: a credible outside valuation for the company. PayPal’s board reportedly believes that price is still…
Prior was +3.3% (revised to 3.4%) This is a sequential improvement after two months at 3.3% y/y. It’s tough to imagine Japan facing inflation but we’re close to that point and last week’s oil rally certainly didn’t help. This article was written by Adam Button at investinglive.com.
The Australian Dollar (AUD) rode a rollercoaster in the first half of the year, hitting a four-year high and then correcting. The currency enters the second half with an outlook full of uncertainty due to renewed hostilities in the Middle East, which clouds the inflation outlook and interest rates. While Australia’s economic fundamentals will remain important, the Aussie’s next…
Happy Monday to all the bulls out there, and to the oil bears. There was an inkling of what was coming on Friday’s price action and we got confirmation over the weekend as the US halted strikes. It doesn’t sound like a deal is imminent but the shooting has stopped and that’s leading to some early optimism. S&P 500…
Most traders start the day watching price action, headlines, indicators, and half a dozen different signals. But this one candlestick pattern may tell you more than all of them. Research covering 4.7 million price bars, 103 patterns, and 500 stocks found that it reversed price 79% of the time when properly confirmed. In this video, I break down: What is the most…
Mon: BoC Market Participants Survey (Jul), Eurogroup Economic and Financial Affairs Council (Budget), Chinese Industrial Profits (Jun), German Ifo Expectations (Jul), US Durable Goods (Jun) Tue: French Consumer Confidence (Jul), Spanish Retail Sales (Jun), US ADP Employment Change Weekly, US Goods Trade Balance Advance (Jun), Richmond Fed Manufacturing (Jul), Dallas Fed Services (Jul) Wed: Fed Policy Announcement (Jul), BoC Minutes (Jul), Australian…
Earlier this week, I wrote that the gold-silver ratio has recently widened to around 70-1, a bullish signal for silver. But is this metric still relevant today? Many analysts say it isn’t, claiming that the ratio is a relic of a bygone era when gold and silver were both integral to the global financial system. They argue that the gold-silver ratio…
