Asia Gold-China demand buoyant, India ramps up purchases
By Rajendra Jadhav, Seher Dareen* Gold imports flowing into China over past few weeks- MKS PAMP* Indian banks importing more gold since market at premium-dealer* Domestic prices in Japan hovering near historic highs- traderMarch 3 (Reuters) – Physical gold prices traded at a premium in India this week, as a drop in domestic rates encouraging […]
Biden warns of GOP plans to curb access to health care
U.S. President Joe Biden will deliver a blistering criticism of Republican policies at a speech in Virginia Beach on Tuesday afternoon where he will warn of GOP plans to cut access to federal health-care programs.Speaking at the Kempsville Recreation Center, Biden will point to GOP proposals to repeal the Affordable Care Act and cut funding […]
More favourable China’s economic prospects after abandoning zero-Covid policy – Rabobank
On the 7th of December China surprised friend and foe with an abrupt zero-covid U-turn. This year’s forecast has considerable up- and downside risks. Still, economists at Rabobank believe that from a medium-term perspective, China’s economic prospects have become more favourable after abandoning zero-Covid policy. A pivotal pivot? “While from a long-term perspective China’s decision […]
USD/CNY unlikely to extend its decline toward 6.30 – SocGen
China FX has front-loaded the China reopening and economists at Société Générale are cautious about chasing a CNY rally. Neutral on Yuan “As USD/CNY has already reversed more than 50% of the rise in 2022, it would be necessary to feed more positive surprises to the market to deepen a CNY rally to the 6.30 […]
PRECIOUS-Gold accelerates to 8-month peak on dollar pullback
*U.S. CPI report due on Thursday*Dollar index down 0.4%(Updates prices)Jan 9 (Reuters) – Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.Spot gold was up 0.8% at $1,880.33 […]
My Thoughts On Recent Market Volatility & The Coronavirus Crisis » Learn To Trade The Market
Dear Students & Readers, Given the amount of inquiry I am receiving from our readers and students regarding the Coronavirus and the recent market volatility, I feel compelled to share my views on the situation, from a trading and investing perspective as well as a personal perspective. I have produced this article in a question […]
Oracle Stock: ORCL is worth adding to your portfolio. Here’s why
The transformation of Oracle Corporation (NYSE: ORCL) from a software firm into a diversified cloud solutions provider accelerated in recent years aided by the mass adoption of digital technology across industries. While overcoming the slowdown in its legacy business, the new model enabled the company to become an industry leader with cloud-powered AI and machine-learning […]