In a recent meeting, President Donald Trump and Japanese Prime Minister Shigeru Ishiba discussed an ambitious plan to transport liquefied natural gas (LNG) from Alaska to Japan. This $44 billion venture aims to enhance energy security for Japan while potentially reshaping trade dynamics between the two nations. During their lunch,
Yesterday’s Pick: FINNIFTY 14MAY24 21100 CE Rs 10000 ( Per 5 Lot ) Nifty Technical View: Based on the Bullish Hammer candlestick pattern seen on the daily charts, indicating a potential reversal from a downtrend, along with a strong intraday trend reversal in the last session, it suggests that the
Silver prices witnessed a speculative plunge yesterday. Prices dropped by 3.80%, its biggest intraday fall after 7 March 2023. As data from the United States showed that inflation is cooling down. While the labor market commences easing amidst US Federal Reserve (Fed) officials complaining about its tightness. Further, the BOE
Crude oil prices have paused its recent fall. Since 4 May 2023, prices have recovered more than 6%. Prices found some support. As markets weighed the U.S. government’s plans to refill the nation’s emergency oil reserve and anticipated higher seasonal demand. Brent crude was up 0.97%, at $77.32 a barrel,
The Great British Pound strengthened against the dollar yesterday. Sterling hit a more than one-year peak yesterday. Currency traded as high as $1.2668, its highest since April 2022 against the dollar and hit 103.5544 against the Rupee. The US Dollar index remained indecisive as negotiations for a debt ceiling raise
Copper prices have paused their recent fall, and were able to recover from a seven week low. Prices found support amid optimism that the U.S. Federal Reserve has finished its current hiking cycle and will hold interest rates where they are for the time being. Further, prices inched higher as
U.S. dollar retreated from the weekly high 102.404 and settled at 101.2820, down by 0.38% last week. Currency slipped from the weekly high after the Federal Reserve raised interest rates by a quarter of a percentage point and signaled it may pause further increases. The European Central Bank (ECB) eased
Aluminum prices shed nearly 1.50%. Prices dropped from the high 215.10 and tested 203.75 levels. Prices came under pressure amid increasing signs of a manufacturing slowdown across the globe. An unexpected decline in Chinese manufacturing activity ramped up concerns over slowing demand in the world’s largest copper importer. Aluminum prices
Dollar dropped down more than half percent yesterday. Currency tested a day’s low 101.073, after the Federal Reserve hiked policy rate by 0.25%, in line with expectation. The Federal Reserve raised interest rates by 0.25%, and signaled that a likely pause in June, though stressed that incoming data would reign
Dollar strengthened nearly 0.40% yesterday. Inched higher to a two-week high against a basket of currencies before the Federal Reserve is expected to hike interest rates by an additional 25 basis points and after data showed that U.S. manufacturing pulled off a three-year low in April. Institute for Supply Management
