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The precious metal gold is looking to trade bullish above 1,944 level amid weaker U.S. dollar. The Federal Reserve Chair Jarom Powell is expected to keep policy dovish for the extended period, driving bullish bias the precious metal gold. Check out the gold price forecast video to learn more about it.
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Bayerische Motoren Werke AG’s share price down, to reduce spare parts’ prices in China amid antitrust probe Bayerische Motoren Werke AG (BMW) is to become the latest luxury carmaker to reduce prices of spare parts in China. The decision of the company places it among other auto makers such as the Audi brand of Volkswagen AG and the Mercedes-Benz […]
Forex Market: NZD/USD rises to a three-week peak as RBNZ hikes rates for fifth time, provides more hawkish guidance NZD/USD surged to a fresh three-week high on Wednesday after the Reserve Bank of New Zealand raised its official cash rate by 50 basis points to 2.0% at its May meeting, in line with market expectations. It has also been the fifth RBNZ […]
Aluminum Climbs Past $2,710, China Prepares Tariff Retaliation Key momentsAluminum futures rose to $2,710 on Wednesday.
The surge followed a brief drop to $2,690.
U.S. trade disputes continue to escalate, with China announcing retaliation plans.Aluminum Surges As Trade Tensions […]
Copper Futures head for weekly gain on China demand optimism Copper Futures touched highs unseen since September 5th on Friday and looked set to register a 2.6% weekly gain on optimism over China's economic recovery.The latest set of macro data revealed industrial activity strength in the […]
NZD/USD kept gains after NZ GDP report, Fed decision New Zealand dollar was maintaining gains against its US peer on Thursday, following the release of better than forecast Gross Domestic Product data out of New Zealand.NZD/USD reached a session high at 0.8410 at 1:50 GMT, after which […]
Home Depot shares fall for a second session in a row on Wednesday, company announces $15 billion in share buybacks Yesterday Home Depot Inc (HD) disclosed a $15-billion share buyback program and $120 billion in targeted annual sales over the next three years, as the US largest home improvement chain seeks to speed up investment in stores, deliveries […]