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Read more about Market Ahead Podcast, May 3: Top factors that could guide markets this week on Business Standard. Volatility is expected to remain high in the events-heavy week. Street will react to the Reliance Industries results which came in after market hours on Friday
Following 4/23/2021 3:10:56 PM GMT The ECB held a cautious stance on economic progress, maintaining the monetary policy unchanged. The US Federal Reserve is not expected to surprise market participants next week. EUR/USD is technically bullish, but investors may soon return to dollar buying. The EUR/USD pair has advanced for a third consecutive week, now firmly anchored above the 1.2000 threshold and not far from an over one-month high of 1.2079. The shared currency surged on risk-appetite, triggered by upbeat US data released these days, as the market is not ready...
Taxing Matter, Biden's Unsound Idea, Adapting to Change, Problems and Solutions The president's plans to raise taxes aren't a surprise, but hiking the capital gains rate significantly isn't such a hot idea. Apr 23, 2021 | 07:15 AM EDT New Math The impact upon financial markets was as pronounced as it was immediate. Overdone? Perhaps. Any market where price discovery is controlled electronically by algorithms designed to overshoot based on micro-second reactions to keywords found on the Internet is going to experience exaggeration. Speed is how electronic traders force greater ineffici...
By Reuters Staff 3 Min Read BENGALURU, April 7 (Reuters) - Activity in India’s dominant services industry expanded for the sixth consecutive month in March, supported by strong domestic demand, but some momentum was lost as authorities imposed fresh restrictions following a surge in coronavirus cases, a survey showed. The results were broadly backed by a Reuters poll last week that predicted India’s economy would grow faster than previously expected this fiscal year but warned a resurgence of coronavirus cases could derail growth. The Nikkei/IHS Markit Services Purchasing Managers’ Inde...
PRECIOUS-Gold eases from 2-week high as economic recovery hopes grow Reuters 1 hr ago April 7 (Reuters) - Gold prices inched lower on Wednesday, retreating from a two-week high hit in the previous session, as a raft of strong U.S. data boosted hopes of a quick economic recovery. FUNDAMENTALS * Spot gold was down 0.2% to $1,739.46 per ounce by 0127 GMT. Gold futures slipped 0.1% to $1,740.90 per ounce. * Bullion prices had jumped on Tuesday to their highest since March 25 at $1,745.15, as U.S. Treasury yields fell and the dollar slipped to a two-week low against a basket of ...