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Fri, Oct 04, 2024 09:56 PM All times are UTC

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Gold prices set to advance further, bullish extension till 1180 is likely- Go long around 1140, targets around 1160/1180, SL 1132

Feb 05, 2016 14:58 pm UTC| Commentary

The yellow metal has declined marginally lower on Friday after non-farm payrolls data however it has managed to stay around three month high as growing doubts about whether the Federal Reserve can keep raising interest...

German headline factory orders declined at a faster pace in Dec, but overall Q4 quarterly growth remained robust

Feb 05, 2016 14:38 pm UTC| Commentary

German December headline factory orders declined by 0.7% over the month; at a steeper pace than anticipated. The decline comes after two months of consecutive gains. However, core orders rose by 0.9% m/m (vs. +0.4% m/m in...

Commodities snapshot (precious & industrial)

Feb 05, 2016 14:23 pm UTC| Commentary

Metal pack is red today. Performance this week at a glance in chart table - Gold - Gold gave up earlier gains after NFP report as Dollar rose. Todays range $1163-1145 Gold is currently trading at $1148/troy ounce....

Currency snapshot (major pairs)

Feb 05, 2016 11:06 am UTC| Commentary

Dollar index trading at 96.42 (-0.9%). Strength meter (today so far) - Euro -0.08%, Franc +0.23%, Yen +0.05%, GBP -0.37% Strength meter (since last week) - Euro +3.34%, Franc +3.11%, Yen +3.69%, GBP +2.02% EUR/USD...

Commodities snapshot (energy)

Feb 05, 2016 10:54 am UTC| Commentary

Energy pack is green today. Weekly performance at a glance in chart table. Oil (WTI) - WTI is clawing back some of yesterdays loss. Todays range $31.4-32.4 WTI is currently trading at $32/barrel. Immediate support...

Why better payroll may not boost Dollar?

Feb 05, 2016 10:33 am UTC| Commentary

Recovery and inflation less jobs - that is the key reason, why a better than expected payroll number may not be a major boost for Dollar. This week Dollar has declined heavily. For the past four days, Dollar index,...

FxWirePro: Gold Outlook: target $1140 reached, next target $1230/troy ounce

Feb 05, 2016 10:22 am UTC| Commentary

Gold has reached our target on the call - Buy gold @1090 and at dips of every $10, with target around $1140 area and stop los around $1050 area. It has reached target and beyond. Last time we expected gold to regain some...

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Economy

U.S. Services Sector Hits 1.5-Year High in September as Employment Weakens

The U.S. services sector expanded at its fastest pace in 18 months in September, driven by strong new orders, according to the Institute for Supply Management. However, the robust growth came as employment in the sector...

Major Gaps in Home Loan Data Raise Concerns Over Discriminatory Lending and Accountability

A new report from the National Community Reinvestment Coalition reveals that over 12% of U.S. home loan applicants fail to provide race data, undermining efforts to detect discriminatory lending. The lack of complete data...

U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.

Nonfarm employment rose by 254,000 in September, exceeding the average expectation of 150,000. Revisions for employment growth in the prior two months added another 72,000. Over the latest three months, average payroll...

Canvas: A New Collaborative Interface for ChatGPT Users

Canvas is an innovative interface designed for those using ChatGPT for writing and coding projects that require more than just a chat-based approach. This early beta provides a side-by-side workspace for users to...

JPMorgan Analysts Forecast Bitcoin and Gold Surge Amid Geopolitical Tensions and U.S. Election

JPMorgan analysts project that rising geopolitical tensions and the upcoming U.S. election will drive a surge in demand for Bitcoin and gold. This shift comes as investors look for alternatives to safeguard their assets...

Politics

Donald Trump Receives Overwhelming Endorsement: ‘200+ Military Leaders Back His Return to the White House'

In a stunning show of support, more than 200 retired military generals and admirals have publicly endorsed former President Donald Trump in an open letter, underscoring their belief in his leadership and commitment to the...

Donald Trump's Pal Elon Musk Slams Kamala Harris Win: 'A Disaster for Civilization'

Elon Musk has voiced serious concerns about Kamala Harris potentially winning the upcoming presidential election, calling it not only bad for America but warning that it could spell disaster for the future of civilization...

Donald Trump Set for Landslide Victory: ‘Commanding Lead in Key States – This Could Be Unstoppable'

Donald Trump appears to be positioned for a sweeping victory in the upcoming presidential election, as new polling data suggests the former president holds a commanding lead in several crucial battleground states....

Donald Trump Refuses 60 Minutes Interview Over Lack of Apology for Hunter Biden Laptop Story

In a bold move, former President Donald Trump announced that he is refusing to sit down for an interview with 60 Minutes until he receives an apology for the networks previous claims regarding Hunter Bidens infamous...

Biden-Harris Admin Warns FEMA May Run Out of Funds Amid Hurricane Season After Billions Sent Overseas

In a shocking development, the Biden-Harris administration announced that FEMA (Federal Emergency Management Agency) may not have enough resources to make it through the rest of hurricane season. This warning comes on the...

Science

Europe Pushes Back Against SpaceX's Efforts to Expand Starlink Direct-to-Cell Operations

European mobile network operators are opposing SpaceXs initiative to expand Starlink Direct-to-Cell services, urging the U.S. Federal Communications Commission (FCC) to reject SpaceXs request to operate beyond standard...

SpaceX and T-Mobile Begin Testing Starlink Cellular Satellite Service Ahead of 2025 Launch

SpaceX and T-Mobile have reportedly initiated tests for their highly anticipated Starlink Cellular satellite service. Speculation emerged after users noticed satellite activity on their phones, fueling excitement ahead of...

SpaceX Pauses Falcon 9 Launches After Anomaly During Crew 9 Mission Investigation

SpaceX has suspended all Falcon 9 launches after an anomaly occurred with the rockets second stage during the Crew 9 mission for NASA. The second stage failed to land as planned, prompting an investigation and delaying...

Tesla’s $25K Compact Car Could Drive Bigger Stock Gains Than Robotaxi, Analyst Predicts

As anticipation builds for Teslas Robotaxi, some analysts believe the companys upcoming $25,000 compact car will have a more significant impact on its stock. Gary Black of The Future Fund argues that entering the...

Starlink Reaches 4 Million Customers Globally as SpaceX Expands Operations and Services

SpaceXs Starlink has officially surpassed 4 million customers across more than 100 countries. This milestone was announced by SpaceX COO Gwynne Shotwell, who also outlined plans for expanding Starlinks satellite network...

Technology

TSMC’s Surging Electricity Demand Could Strain Taiwan’s Energy Infrastructure by 2030, S&P Warns

TSMCs rising electricity demand, driven by its advanced 3-nanometer chip production, could significantly strain Taiwans energy infrastructure by 2030, according to a report from SP Global Ratings. The semiconductor giants...

NVIDIA’s New AI Model Challenges OpenAI’s $157B Valuation Amid Rising Industry Competition

NVIDIAs release of its open-source AI model, NVLM-D 1.0, has sparked fresh debate over OpenAIs soaring $157 billion valuation. With near-parity performance to OpenAIs GPT-4o and increased inference capability, NVIDIA is...

Waymo Taps Hyundai’s IONIQ 5 for Robotaxi Fleet Ahead of Tesla's Autonomous Ride-Hailing Reveal

Waymo has partnered with Hyundai to integrate IONIQ 5 electric vehicles into its robotaxi fleet, with on-road testing set to begin by 2025. The announcement comes days before Teslas expected reveal of its own robotaxi...

Nintendo Switch 2 Leaker Shakes Up Rumors – 2024 Announcement Still Happening!

A trusted Nintendo insider has shaken up the rumor mill by confirming that the Switch 2 is still on track to be revealed in 2024. Fans who feared a delay can now expect the announcement to come before the years...

Cybertruck Non-Foundation Pre-Orders Open at $79,990—Tesla Drops Foundation Series Exclusivity

Tesla has started accepting pre-orders for its Cybertruck Non-Foundation model, offering the all-electric pickup truck at a starting price of $79,990 without the additional features of the Foundation Series. This move...