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Gold Sellers Look to Drive the Precious Metal Lower
#OPINIONLEADER# Gold’s one-week decline from the 2,000 price vicinity has steered the commodity slightly beneath the 1,900 handle. The rolling over of the simple moving averages (SMAs), and the near completion of bearish crossovers of the longer-term 200-period SMA by the 50- and
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Trading Safe Haven Assets
#OPINIONLEADER# Where does money flow in times of financial stress and why? Safe haven assets are financial instruments or commodities that investors turn to in times of stress. We’re not talking about personal stress, not in this article, anyway, but the type of stress seen in the wi
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Dollar Turns Stronger Against Some Major Counterparts
The U.S. dollar traded firm against most of its peers on Friday, edging further up from the lows it touched earlier in the week. The dollar index climbed to a two-decade high of 105.01 late last week after Fed Chair Jerome Powell reiterated that the central bank is considering to raise interest rate
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Sensex, Nifty Seen Opening Flat On Fiscal Deficit Concerns
Indian shares are likely to open little changed on Monday, tracking mixed global cues and amid fiscal deficit concerns after reports that the government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year. The impact of Saturday's excise duty cuts on petr
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Poland Retail Sales Growth Slows In April
Poland's retail sales growth eased at the start of the second quarter, figures from Statistics Poland showed on Monday. At constant prices, retail sales climbed 19.0 percent year-on-year in April, after a 21.1 percent gain in the same month last year. The overall annual growth in April was largely d
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AstraZeneca: EU Approves Covid-19 Vaccine Vaxzevria As Third Dose Booster
British drug major AstraZeneca PLC (AZN.L,AZN) announced Monday that its COVID-19 vaccine, Vaxzevria, has been granted approval in the European Union as a third dose booster in adults. The vaccine can now be used as a third dose booster in patients previously given a primary vaccine schedule of eith
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Asian Shares Mixed Amid China Covid Concerns
Asian stocks ended Monday's session on a mixed note, as parts of Beijing have again come under a lockdown amid signs the pandemic outbreak is spreading in more and more Chinese cities. The authorities have imposed a lockdown in the Haidian district along with Chaoyang, Fengtai, Shunyi, and Fangshan
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