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  • Article / 28 minutes ago

    3 Numbers: US jobless claims on track for modest decline

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: US jobless claims on track for modest decline
    Attention will be on the US today with the weekly update on jobless claims offering fresh perspective on evaluating Fed chair Janet Yellen's forecast; economists are projecting a modest decline. Meanwhile, consumer confidence is expected to hold steady, while the 10-year Treasury yield may have found a floor this week.
    Read the article
  • Editor’s Picks / 1 hour ago

    Fed's go-slow path slingshots gold past $1,200

    Bloomberg
    Gold jumped to the highest level in eight months after Federal Reserve Chair Janet Yellen signaled that the Fed may delay further interest-rate increases should the turmoil in global markets continue. Bullion for immediate delivery rallied as much as 1.5% to $1,214.64/oz, the highest since May 22. The metal, which traded at $1,207.05 at 10:36 a.m. in Singapore, is set for a ninth gain in 10 days and is the year’s best performing commodity. Gold has surged 14% this year as the turmoil sweeping across financial markets stoked demand for haven assets. Yellen said Wednesday the turbulence had tightened financial conditions by pushing down stock prices, supporting the USD and raising some borrowing costs. Yellen’s “more cautious tone and emphasis on a more elevated global risk profile, with particular focus on China, suggests the future path of interest-rate hikes will remain very much a gradual one,” said Mark Keenan at Societe Generale in Singapore.
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  • Squawk / 2 hours ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    Spot Gold Has Support 1202, Hold Below Then 1196 & 1188 Possible And Has Resistance 1210, Above Holding Means 1216 & 1224 Easily Possible
    Read the Squawk
  • Squawk / 2 hours ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    Spot Gold Has Support 1202, Hold Below Then 1196 & 1188 Possible And Has Resistance 1210, Above Holding Means 1216 & 1224 Easily Possible
    Read the Squawk
  • Squawk / Yesterday at 21:46 GMT
    Managing Director / Technical Research Limited
    New Zealand
    FOMC Chair Janet Yellen assured investors she was feeling their pain today while at the same time trying to sound upbeat enough to suggest the current market disruptions will soon blow over. The US stock market wasn’t impressed, giving back earlier gains to record a new closing low for the year. The US dollar was also under the gun again as Yellen said nothing to suggest it will get a boost from rate hikes any time in the next few months. From a technical perspective, it’s worth watching the USD Index tracing out a pattern similar to late 1998 – also a period of market turmoil.
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    8h
    Patto Patto
    Yes, I recall those 1997-98 days well Max. Emerging market turmoil, Russia and LTCM.
    8h
    Max McKegg Max McKegg
    Quite right Patto ! Yes I remember that time well. Extremely hectic trading period but fortunately one I managed to profit handsomely from all the same....
    7h
    fuad-forex fuad-forex
    This comment has been redacted
  • Squawk / Yesterday at 21:00 GMT
    -
    Italy
    March contract -1.88%, Apr contract -0.25%, May contract +1.43%, June Contract +1.45% (today's move) any idea??
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