Dollar stands tall, inches closer to its 16-month high

The dollar built on last week’s gains and rose towards as 16-month high on Monday as traders expect the U.S. Federal Reserve to keep tightening monetary policy. The dollar index gained 0.12 percent on Monday, changing hands at 97.02, sitting a little below its 16-month high of 97.2 hit on Oct. 31. The dollar index has strengthened four weeks in row, gaining 0.37 percent last week. “The dollar index was firm all last week, bouncing back after the mid-term election results. The dollar has been pre


The dollar built on last week’s gains and rose towards as 16-month high on Monday as traders expect the U.S. Federal Reserve to keep tightening monetary policy. The dollar index gained 0.12 percent on Monday, changing hands at 97.02, sitting a little below its 16-month high of 97.2 hit on Oct. 31. The dollar index has strengthened four weeks in row, gaining 0.37 percent last week. “The dollar index was firm all last week, bouncing back after the mid-term election results. The dollar has been pre
Dollar stands tall, inches closer to its 16-month high Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: beawiharta
Keywords: news, cnbc, companies, fed, monetary, interest, 16month, plan, italys, inches, high, yen, brexit, dollar, index, tall, stands, closer, eu


Dollar stands tall, inches closer to its 16-month high

The dollar built on last week’s gains and rose towards as 16-month high on Monday as traders expect the U.S. Federal Reserve to keep tightening monetary policy.

The Fed has reaffirmed its plan to raise interest rates by 25 basis points in December, followed by two more potential rate hikes by mid-2019 on the back of an upbeat economy and rising wage pressures.

The greenback has also benefited from a safe haven bid as market participants moved away from riskier assets due to U.S.-Sino trade tensions, an economic slowdown in China, Brexit uncertainty, and the standoff between Rome and the European Union over Italy’s plan for a big-spending budget and wide fiscal deficit.

The dollar index gained 0.12 percent on Monday, changing hands at 97.02, sitting a little below its 16-month high of 97.2 hit on Oct. 31. The dollar index has strengthened four weeks in row, gaining 0.37 percent last week.

“The dollar index was firm all last week, bouncing back after the mid-term election results. Looking ahead, moves will be driven by the developments around the Italian budget and Brexit politics,” said Sim Moh Siong, currency strategist at Bank of Singapore.

The dollar gained 0.1 percent on the Japanese yen which quoted at 113.94 on Monday, near a 5-week low of 114.08. The dollar has been preferred over the yen because of the diverging monetary policies of the Fed and the Bank of Japan.

While the Fed is on track to raise interest rates, the BOJ is expected to keep its monetary policy ultra-loose in the face of slow growth and inflation.

The widening interest rate differential between U.S. and Japanese bonds has made the dollar a more attractive bet than the yen, which is often a funding currency for carry trades.

The British pound lost 0.25 percent to $1.2941 on Monday. Sterling has been weighed down by Brexit fears, with investors yet to see an orderly exit plan.

Less than five months before Britain is due to leave the EU on March 29, negotiations are still stuck over a backup plan for the land border between British-ruled Northern Ireland and EU member Ireland, should they fail to clinch a long-term deal.

Four British ministers who back remaining in the European Union are on the verge of quitting Theresa May’s government over Brexit, the Sunday Times reported, adding to the political uncertainty.

“Eventually, the EU and May will come to a deal. Both parties want to conclude the deal, but the only risk is whether May will still be Prime Minister. I expect sterling to remain choppy in its recent wide range,” added Sim Moh Siong.

The euro traded at $1.1322 on Monday, down 0.11 percent. The single currency lost ground versus the dollar in the previous three trading sessions as investor confidence weakened due to the standoff over Italy’s budget.

The European Commission (EU) rejected Italy’s 2019 budget last month, saying it flouted a previous commitment to lower the country’s deficit. The EU gave Rome until Tuesday to present a revised version of the budget.

The EU also cut its forecasts for Italian growth last week, adding to investor concerns over Italy’s debts and economic outlook.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: beawiharta
Keywords: news, cnbc, companies, fed, monetary, interest, 16month, plan, italys, inches, high, yen, brexit, dollar, index, tall, stands, closer, eu


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Gold inches lower on firmer dollar; investors await Fed rate call

Higher U.S. interest rates tend to boost the dollar and also push up bond yields, reducing the appeal of non-yielding bullion. But for now, we think the Fed will continue with the monetary policy tightening,” said Benjamin Lu, a commodities analyst with Phillip Futures. Spot gold was down 0.2 percent at $1,223.70 per ounce, as of 0410 GMT, while U.S. gold futures fell 0.3 percent to $1,224.7 per ounce. Palladium fell 0.3 percent to $1,130.60 per ounce, after touching a two-week high of $1,139.50


Higher U.S. interest rates tend to boost the dollar and also push up bond yields, reducing the appeal of non-yielding bullion. But for now, we think the Fed will continue with the monetary policy tightening,” said Benjamin Lu, a commodities analyst with Phillip Futures. Spot gold was down 0.2 percent at $1,223.70 per ounce, as of 0410 GMT, while U.S. gold futures fell 0.3 percent to $1,224.7 per ounce. Palladium fell 0.3 percent to $1,130.60 per ounce, after touching a two-week high of $1,139.50
Gold inches lower on firmer dollar; investors await Fed rate call Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08
Keywords: news, cnbc, companies, dollar, rates, policy, fell, gold, inches, ounce, fed, await, rate, 02, twoweek, previous, investors, lower, firmer


Gold inches lower on firmer dollar; investors await Fed rate call

Gold prices inched lower on Thursday on the back of a stronger dollar as investors digested the U.S. midterm election results and turned their focus to the Federal Reserve’s monetary policy decision due later in the day.

The Fed is not expected to raise interest rates until its next gathering in December, however market participants are waiting to see whether it offers clues about possible rate increases in December and in 2019.

Higher U.S. interest rates tend to boost the dollar and also push up bond yields, reducing the appeal of non-yielding bullion.

“Gold has found support around $1,223. If we see good news from the Fed, we may see a bounce. But for now, we think the Fed will continue with the monetary policy tightening,” said Benjamin Lu, a commodities analyst with Phillip Futures.

Spot gold was down 0.2 percent at $1,223.70 per ounce, as of 0410 GMT, while U.S. gold futures fell 0.3 percent to $1,224.7 per ounce.

The dollar index, which measures the greenback against a basket of six major currencies, traded in a narrow range and was last up 0.2 percent, having touched a more than two-week low in the previous session.

“I suspect gold will ping pong along with the U.S. dollar as traders begin to re-evaluate the current state of the USD,” Stephen Innes, APAC trading head at OANDA in Singapore, said in a note.

Meanwhile, Asian stocks rose to a one-month peak following a post-election rally on Wall Street.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.19 percent to 755.23 tonnes on Wednesday, marking the fourth straight session on declines.

Spot gold still targets $1,211, said Reuters technical analyst Wang Tao.

In other precious metals, silver was down 0.2 percent at $14.54 per ounce.

Palladium fell 0.3 percent to $1,130.60 per ounce, after touching a two-week high of $1,139.50 an ounce in the previous session.

Platinum was 0.7 percent lower at $866.85 an ounce, after hitting its highest since June 25 at $877.50 an ounce on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2018-11-08
Keywords: news, cnbc, companies, dollar, rates, policy, fell, gold, inches, ounce, fed, await, rate, 02, twoweek, previous, investors, lower, firmer


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Gold inches up on easing dollar, global concerns

Gold prices edged higher on Monday towards a 2-1/2-month peak hit last week as the dollar eased and worries over rising political tensions and slowing global economic growth lent support to the metal. One is global economic slowdown, another is geopolitical uncertainties,” said Argonaut Securities analyst Helen Lau. Gold is seen as a safe store of value during political and economic uncertainty. “Supportive price action around $1,210-$1,220 should restrict declines amid current global political


Gold prices edged higher on Monday towards a 2-1/2-month peak hit last week as the dollar eased and worries over rising political tensions and slowing global economic growth lent support to the metal. One is global economic slowdown, another is geopolitical uncertainties,” said Argonaut Securities analyst Helen Lau. Gold is seen as a safe store of value during political and economic uncertainty. “Supportive price action around $1,210-$1,220 should restrict declines amid current global political
Gold inches up on easing dollar, global concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-22
Keywords: news, cnbc, companies, economic, week, gold, easing, concerns, support, political, inches, contracts, tensions, global, ounce, oct, dollar


Gold inches up on easing dollar, global concerns

Gold prices edged higher on Monday towards a 2-1/2-month peak hit last week as the dollar eased and worries over rising political tensions and slowing global economic growth lent support to the metal.

Spot gold was up 0.1 percent at $1,226.43 an ounce at 0745 GMT. On Oct. 15, the bullion touched its highest since July 26 at $1,233.26.

U.S. gold futures were up 0.1 percent at $1,229.40 an ounce.

“So far we are seeing a good recipe for gold prices to recover. One is global economic slowdown, another is geopolitical uncertainties,” said Argonaut Securities analyst Helen Lau. “If the tensions loom large we could see gold rebound through 1,300.”

The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the U.S.-China trade war and tightening financial conditions would trigger the next downturn.

Geo-political concerns including tensions between Saudi Arabia and the West over the killing of journalist Jamal Khashoggi, developments related to Brexit, and Italy’s budget woes are keeping investors interested in gold, analysts said.

Gold is seen as a safe store of value during political and economic uncertainty.

“Trade concerns between the U.S. and China remain elevated and the ongoing U.S.-Saudi tensions are likely to continue to underpin a bid tone for bullion over the near-term,” MKS PAMP Group traders said in a note.

“Supportive price action around $1,210-$1,220 should restrict declines amid current global political uncertainty, while a test through $1,230-$1,235 will likely squeeze further shorts out of the market and see gold toward $1,250.”

Gold speculators cut their net short position in COMEX gold contracts by 65,637 contracts to 37,372 contracts, the smallest since late July, in the week to Oct. 16, data showed.

Spot gold may either consolidate further below a resistance at $1,235 per ounce, or break a support at $1,217, to fall to the next support at $1,208, according to Reuters technical analyst Wang Tao.

Holdings in the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, fell 0.39 percent to 745.82 tonnes on Friday.

The U.S. dollar, which measures the greenback against a basket of six major currencies, was down 0.2 percent.

Among other precious metals, silver was up 0.4 percent at $14.65 per ounce, while platinum rose 0.8 percent at $836.20 per ounce.

Palladium climbed 0.9 percent to $1,089.80 per ounce, closer to an over eight-month peak of $1,096.80 hit on Oct. 11.


Company: cnbc, Activity: cnbc, Date: 2018-10-22
Keywords: news, cnbc, companies, economic, week, gold, easing, concerns, support, political, inches, contracts, tensions, global, ounce, oct, dollar


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Instagram inches ahead of Snapchat in popularity among teens: Piper Jaffray

Instagram solidified its lead, with nearly 70 percent of teens saying they prefer brands contacting them about new products through Instagram. “Prime adoption continues to be very strong” among teens as well, Piper Jaffray said, referring to Amazon’s premium subscription service. Teens spend 38 percent of their time each day watching Netflix, “well ahead” of YouTube at 33 percent, Piper Jaffray said. Apple grew its share of the wristwatch market among teens to 17 percent, with the Apple Watch ra


Instagram solidified its lead, with nearly 70 percent of teens saying they prefer brands contacting them about new products through Instagram. “Prime adoption continues to be very strong” among teens as well, Piper Jaffray said, referring to Amazon’s premium subscription service. Teens spend 38 percent of their time each day watching Netflix, “well ahead” of YouTube at 33 percent, Piper Jaffray said. Apple grew its share of the wristwatch market among teens to 17 percent, with the Apple Watch ra
Instagram inches ahead of Snapchat in popularity among teens: Piper Jaffray Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: michael sheetz, david paul morris, bloomberg, getty images, cnbc, erin black
Keywords: news, cnbc, companies, inches, snapchat, second, preferred, teens, jaffray, popularity, ahead, website, piper, teenagers, nike, instagram, survey, number


Instagram inches ahead of Snapchat in popularity among teens: Piper Jaffray

Instagram solidified its lead, with nearly 70 percent of teens saying they prefer brands contacting them about new products through Instagram. Snapchat moved to second place for preferred brand engagement ahead of email, both just over 40 percent.

This was the 36th bi-annual survey by Piper Jaffary, which polled about 8,600 teenagers across the U.S. with an average age of 16.

Amazon ranked by far as teens’ favorite website. “Prime adoption continues to be very strong” among teens as well, Piper Jaffray said, referring to Amazon’s premium subscription service.

At 47 percent, Amazon was the most preferred shopping website, with Nike coming in at second at 5 percent.

Netflix was number one in streaming, according to the survey. Teens spend 38 percent of their time each day watching Netflix, “well ahead” of YouTube at 33 percent, Piper Jaffray said.

Apple grew its share of the wristwatch market among teens to 17 percent, with the Apple Watch ranking as teenagers’ second most popular watch.

Nike held its ground as the number one retail brand among teenagers, but Piper Jaffray said this survey saw a “staggering gain from Vans” and a “rebalancing towards Adidas.” Lululemon also “picked up meaningfully” as in the second spot behind Nike for female teens, Piper Jaffray said.

WATCH: The man who “invented” the hashtag and how it changed social media


Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: michael sheetz, david paul morris, bloomberg, getty images, cnbc, erin black
Keywords: news, cnbc, companies, inches, snapchat, second, preferred, teens, jaffray, popularity, ahead, website, piper, teenagers, nike, instagram, survey, number


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Gold inches down as equities, dollar firm; Fed minutes in focus

The firming in equities and the dollar has led to the market discounting U.S. President Donald Trump’s latest criticism of the Fed, which should have otherwise been supportive of gold, a Singapore-based trader said. Last week, Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country’s economic health. The Fed raised interest rates last month for the third time this year and said it planned four more increases by the end of 2019


The firming in equities and the dollar has led to the market discounting U.S. President Donald Trump’s latest criticism of the Fed, which should have otherwise been supportive of gold, a Singapore-based trader said. Last week, Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country’s economic health. The Fed raised interest rates last month for the third time this year and said it planned four more increases by the end of 2019
Gold inches down as equities, dollar firm; Fed minutes in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17
Keywords: news, cnbc, companies, prices, market, firm, policy, focus, ounce, inches, dollar, interest, equities, fed, gold, minutes, rates


Gold inches down as equities, dollar firm; Fed minutes in focus

Gold prices edged lower early Wednesday as equities gained and the dollar firmed amid waning risk-averse sentiment, with the market awaiting minutes from the U.S. Federal Reserve’s latest policy meeting for fresh clues on the pace of interest rate hikes.

Spot gold was down 0.2 percent to $1,221.56 per ounce at 0438 GMT, but still near a 2-1/2-month high of $1,233.26 per ounce hit on Monday.

U.S. gold futures were down 0.5 percent at $1,225.2 an ounce.

“The newly minted gold bulls are getting nervous as they haven’t bought at good levels. They were in pretty much at the top and we see those guys exiting the market,” said Stephen Innes, APAC trading head at OANDA in Singapore.

Asian equities rose on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street.

The dollar index, which measures the greenback against a basket of six major currencies, was up 0.1 percent.

The firming in equities and the dollar has led to the market discounting U.S. President Donald Trump’s latest criticism of the Fed, which should have otherwise been supportive of gold, a Singapore-based trader said.

Trump heaped more criticism on the Fed, calling it ‘my biggest threat’ in an interview with Fox Business Network on Tuesday.

Last week, Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country’s economic health.

The Fed raised interest rates last month for the third time this year and said it planned four more increases by the end of 2019 and another in 2020.

“The current case of interest rates normalisation is quite cemented and this is taking a little bit of the froth off gold markets,” Innes said.

The release of the minutes from the Fed’s September policy meeting is due at 1800 GMT, Wednesday.

Higher interest rates tend to boost the dollar and push bond yields up, putting pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion.

Spot gold still targets a range of $1,208-$1,217 per ounce, as it failed to break a strong resistance at $1,235, according to Reuters technical analyst Wang Tao.

Gold, usually seen as a safe store of value during political and economic uncertainty, remains more than 10 percent down from its April peak after investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.

In other metals, silver dipped 0.3 percent to $14.60 per ounce, platinum was up 0.1 percent at $838.0 per ounce, and palladium fell 0.3 percent to $1,075.97.


Company: cnbc, Activity: cnbc, Date: 2018-10-17
Keywords: news, cnbc, companies, prices, market, firm, policy, focus, ounce, inches, dollar, interest, equities, fed, gold, minutes, rates


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8 easy ways to make flying coach feel like first class

I’ve taken hundreds of flights in economy (both domestic and international) and I know it gets uncomfortable. Also, why does it feel like the overhead bins are already full when you get on board? Of course there are some obvious ways to make your flight more bearable: Bring your own food and some sort of personal entertainment system. But there are also some sneakier ways to ensure sitting in economy isn’t a nightmare. Here are eight ways you can make flying coach feel like first class on your n


I’ve taken hundreds of flights in economy (both domestic and international) and I know it gets uncomfortable. Also, why does it feel like the overhead bins are already full when you get on board? Of course there are some obvious ways to make your flight more bearable: Bring your own food and some sort of personal entertainment system. But there are also some sneakier ways to ensure sitting in economy isn’t a nightmare. Here are eight ways you can make flying coach feel like first class on your n
8 easy ways to make flying coach feel like first class Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-28  Authors: jimmy im, nbc, getty images
Keywords: news, cnbc, companies, coach, feel, know, economy, standard, class, flight, domestic, easy, ways, flying, seat, inches


8 easy ways to make flying coach feel like first class

I’ve taken hundreds of flights in economy (both domestic and international) and I know it gets uncomfortable.

The seats are small (standard is about 17 inches wide on domestic airlines) with little recline and leg room (standard seat pitch — the space between your seat and the one in front of you — is 29 to 32 inches) and you never know who you’ll sit next to (a crying baby or someone with bare feet propped on the seat?). Also, why does it feel like the overhead bins are already full when you get on board?

Flying business class is obviously cushier but also expensive. The difference in price between economy and business can range from $50 to $3,000 (prices vary by factors like airline and length of flight), according to FareCompare.

Of course there are some obvious ways to make your flight more bearable: Bring your own food and some sort of personal entertainment system. But there are also some sneakier ways to ensure sitting in economy isn’t a nightmare.

Here are eight ways you can make flying coach feel like first class on your next flight.


Company: cnbc, Activity: cnbc, Date: 2018-09-28  Authors: jimmy im, nbc, getty images
Keywords: news, cnbc, companies, coach, feel, know, economy, standard, class, flight, domestic, easy, ways, flying, seat, inches


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Gold inches down on firm dollar as China halts trade talks

Gold edged lower on Monday as the dollar held firm on news that China has canceled trade talks with the United States, with the market also eyeing this week’s U.S. Federal Reserve meeting for guidance on future rate hikes. Spot gold inched down 0.2 percent to $1,196.51 by 0039 GMT, after falling as much as 1.3 percent on Friday on a stronger dollar. China also cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally sched


Gold edged lower on Monday as the dollar held firm on news that China has canceled trade talks with the United States, with the market also eyeing this week’s U.S. Federal Reserve meeting for guidance on future rate hikes. Spot gold inched down 0.2 percent to $1,196.51 by 0039 GMT, after falling as much as 1.3 percent on Friday on a stronger dollar. China also cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally sched
Gold inches down on firm dollar as China halts trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-24
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Gold inches down on firm dollar as China halts trade talks

Gold edged lower on Monday as the dollar held firm on news that China has canceled trade talks with the United States, with the market also eyeing this week’s U.S. Federal Reserve meeting for guidance on future rate hikes.

Spot gold inched down 0.2 percent to $1,196.51 by 0039 GMT, after falling as much as 1.3 percent on Friday on a stronger dollar.

U.S. gold futures were virtually unchanged at $1,201.1 an ounce.

Liquidity is expected to be thin during Asian hours as markets in Japan, China and South Korea are closed for a holiday.

Investors were squarely focused on the Sino-U.S. trade war as China added $60 billion of U.S. products to its import tariff list, retaliating against duties on $200 billion of Chinese imports that come into effect on Monday.

China also cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for this week, the Wall Street Journal reported.

Investors are also awaiting this week’s Federal Reserve meeting. The U.S. central bank is widely expected to raise benchmark interest rates and shed light on the path for future rate hikes. The Fed will end its two-day policy meeting on Wednesday.

Financial markets need to gird for a lengthy spell of turbulence as more of the world’s top central banks begin shutting down stimulus programs and raising interest rates, the Bank for International Settlements said in its latest report.

The dollar was steady against a basket of currencies at 94.221. The dollar rose against pound on Friday amid doubts about Brexit deal.

British Prime Minister Theresa May said on Friday that Brexit talks with the European Union had hit an impasse, defiantly challenging the bloc to come up with its own plans a day after EU leaders savaged her proposals.

Discounts for gold against official domestic prices in India widened to three-month highs last week, even as an escalation in the trade dispute between China and the United States triggered safe haven buying in China, the world’s biggest consumer.

Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council.

Barrick Gold and Randgold were said to be in advanced talks on a merger, Bloomberg reported.


Company: cnbc, Activity: cnbc, Date: 2018-09-24
Keywords: news, cnbc, companies, dollar, states, halts, talks, worlds, united, meeting, trade, firm, inches, china, gold, weeks


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Storm Florence weakens but epic rains still expected on US East Coast

North Carolina officials have reported at least 14 storm-related fatalities, with unconfirmed reports of a further deaths. “This is still a catastrophic, life threatening storm,” said Zack Taylor, a meteorologist with the National Weather Center’s Weather Prediction Center in College Park, Maryland. Taylor said the storm already dumped 30 inches of rain on some parts of the N.C.”This storm is still deadly and dangerous and it’s expected to turn northward later today into Virginia and the mid-Atl


North Carolina officials have reported at least 14 storm-related fatalities, with unconfirmed reports of a further deaths. “This is still a catastrophic, life threatening storm,” said Zack Taylor, a meteorologist with the National Weather Center’s Weather Prediction Center in College Park, Maryland. Taylor said the storm already dumped 30 inches of rain on some parts of the N.C.”This storm is still deadly and dangerous and it’s expected to turn northward later today into Virginia and the mid-Atl
Storm Florence weakens but epic rains still expected on US East Coast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-16  Authors: ricky carioti, the washington post, getty images, joe raedle
Keywords: news, cnbc, companies, weather, coast, weakens, north, inches, expected, carolina, national, reported, storm, rain, epic, midatlantic, east, kph, rains, florence


Storm Florence weakens but epic rains still expected on US East Coast

North Carolina officials have reported at least 14 storm-related fatalities, with unconfirmed reports of a further deaths. South Carolina authorities reported one death.

“This is still a catastrophic, life threatening storm,” said Zack Taylor, a meteorologist with the National Weather Center’s Weather Prediction Center in College Park, Maryland.

Winds have dropped to about 40 miles per hour (65 kph) since it roared ashore along the U.S. mid-Atlantic coast on Friday as a hurricane and it is crawling west over two states at 6 mph (9 kph), the National Hurricane Center in Miami said early Sunday.

Taylor said the storm already dumped 30 inches of rain on some parts of the N.C.

“This storm is still deadly and dangerous and it’s expected to turn northward later today into Virginia and the mid-Atlantic,” he said.

North Carolina Governor Roy Cooper said: “This system is unloading epic amounts of rainfall, in some places measured in feet and not inches.” Rivers will continue to rise days after the rain has stopped, he said.

Around 50 stranded people were airlifted by helicopter in North Carolina, said Petty Officer Michael Himes of the U.S. Coast Guard. More than 26,000 hunkered down in shelters.


Company: cnbc, Activity: cnbc, Date: 2018-09-16  Authors: ricky carioti, the washington post, getty images, joe raedle
Keywords: news, cnbc, companies, weather, coast, weakens, north, inches, expected, carolina, national, reported, storm, rain, epic, midatlantic, east, kph, rains, florence


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Gold inches down as greenback firms against the yuan

Gold inched down on Tuesday from a two-week high hit in the previous session, as the dollar firmed against yuan, making the precious metal expensive for buyers in the world’s biggest consumer China. China’s central bank raised its daily guidance rate for the yuan by the most in nearly 15 months on Tuesday, sparking a demand for dollars. Spot gold fell 0.2 percent to $1,209.04 an ounce at 0358 GMT, after hitting its highest since Aug. 13 at $1,212.38 on Monday. U.S. gold futures were down 0.1 per


Gold inched down on Tuesday from a two-week high hit in the previous session, as the dollar firmed against yuan, making the precious metal expensive for buyers in the world’s biggest consumer China. China’s central bank raised its daily guidance rate for the yuan by the most in nearly 15 months on Tuesday, sparking a demand for dollars. Spot gold fell 0.2 percent to $1,209.04 an ounce at 0358 GMT, after hitting its highest since Aug. 13 at $1,212.38 on Monday. U.S. gold futures were down 0.1 per
Gold inches down as greenback firms against the yuan Cached Page below :
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Gold inches down as greenback firms against the yuan

Gold inched down on Tuesday from a two-week high hit in the previous session, as the dollar firmed against yuan, making the precious metal expensive for buyers in the world’s biggest consumer China.

China’s central bank raised its daily guidance rate for the yuan by the most in nearly 15 months on Tuesday, sparking a demand for dollars.

Spot gold fell 0.2 percent to $1,209.04 an ounce at 0358 GMT, after hitting its highest since Aug. 13 at $1,212.38 on Monday.

U.S. gold futures were down 0.1 percent at $1,215.40 an ounce.

“The downtrend on the dollar has reversed, with markets probably concerned over the (currency) fixing in China. The market is still a little bit nervous overall when it comes to buying into the weaker U.S. dollar narrative,” said Stephen Innes, Asia-Pacific trading head at OANDA in Singapore.

The dollar index inched up 0.1 percent against a basket of six major currencies on Tuesday, after falling to a more than three-week low.

Gold has lost its appeal as a safe-haven asset, having fallen over 7 percent so far this year, amid international trade disputes and the Turkish currency crisis, with investors increasingly turning to the U.S. dollar instead.

The yellow metal, however, has recovered after touching 1-1/2-year lows on Aug. 16 at $1,159.60 as the dollar’s run slowed after President Donald Trump criticized the U.S. Federal Reserve for raising interest rates at a time when the government was trying to stimulate the economy.

“We need a complete flip around momentum in the U.S. dollar for gold to push above $1,230 and move to $1,260. Unless the Fed takes the December rate hike off the table, gold does not have a chance to get near any of those supportive levels,” Innes said.

Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar, in which it is priced.

Spot gold may rise to $1,224 an ounce, as it has broken a resistance at $1,209 per ounce, according to Reuters technical analyst Wang Tao.

Spot silver was down 0.3 percent at $14.81, after hitting its highest since Aug. 15 at $14.92 on Monday.

Platinum was up 0.4 percent at $802.74, after touching a two-week high at $807.60.

Palladium fell 0.1 percent to $947.75. At $950.25, prices matched 1-1/2-month highs hit on Monday.


Company: cnbc, Activity: cnbc, Date: 2018-08-28
Keywords: news, cnbc, companies, yuan, 01, firms, dollar, touching, twoweek, greenback, ounce, gold, aug, inches, rate, rates


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Apple inches closer to $1 trillion valuation mark

Apple inches closer to $1 trillion valuation mark11:36 AM ET Thu, 2 Aug 2018Toni Sacconaghi, Sanford C. Bernstein analyst, and Scott Griffith, former Zipcar chairman and CEO, discuss their outlook for Apple stock as it inches closer to a $1 trillion market cap.


Apple inches closer to $1 trillion valuation mark11:36 AM ET Thu, 2 Aug 2018Toni Sacconaghi, Sanford C. Bernstein analyst, and Scott Griffith, former Zipcar chairman and CEO, discuss their outlook for Apple stock as it inches closer to a $1 trillion market cap.
Apple inches closer to $1 trillion valuation mark Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-02
Keywords: news, cnbc, companies, valuation, zipcar, stock, mark, sacconaghi, sanford, closer, trillion, apple, inches, scott


Apple inches closer to $1 trillion valuation mark

Apple inches closer to $1 trillion valuation mark

11:36 AM ET Thu, 2 Aug 2018

Toni Sacconaghi, Sanford C. Bernstein analyst, and Scott Griffith, former Zipcar chairman and CEO, discuss their outlook for Apple stock as it inches closer to a $1 trillion market cap.


Company: cnbc, Activity: cnbc, Date: 2018-08-02
Keywords: news, cnbc, companies, valuation, zipcar, stock, mark, sacconaghi, sanford, closer, trillion, apple, inches, scott


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