Metals News
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Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals on Wall Street, has died at the age of 87. His daughter Marianne Boesky told The New York Times on Monday that he died in his sleep, and his wife confirmed Boesky’s death to The Washington Post. No cause of death was ...
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A California city removed the traffic lights from a four-way intersection as the city grapples with thefts attributed to a massive homeless encampment nearby. Oakland has been experiencing high crime and theft, including people stealing copper wires and the city’s infrastructure, according to locals who spoke to CBS News. The city attempted to thwart ...
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Technical analysts use the Relative Strength Index (RSI) as a momentum indicator. In order to determine whether a security’s price is overvalued or undervalued, it analyses the rate and magnitude of recent price fluctuations. Developed by J. Welles Wilder Jr., the RSI is represented as an oscillator on a scale from zero to 100. It was first published in his ...
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The National Development and Reform Commission of the People's Republic of China (NDRC) is China's 'State Planner'. • 50 fixed-asset investment projects worth 320bn yuan approved from January to April'. • 20 approved in April, worth 115bn yuan. • Will speed up the progress of local government special bond issuance and usage.
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Rio Tinto Group has declared force majeure on alumina cargoes from its refineries in Queensland, Australia, due to shortages of gas to power its operations, according to people familiar with the matter. The company notified clients on Monday, the people said, asking not to be identified discussing private information. Rio produces alumina — the raw material ...
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Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly open.
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UK policy rate decision scheduled for 20 June will be influenced by two upcoming inflation reports. Current consensus and market pricing indicate a 60% probability of a rate cut. ...
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My long-standing skepticism about survey data has reached the point where I feel compelled to comment on the current state of the art. While it is always risky to ignore broad, ...
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Federal Reserve Bank of Cleveland President Loretta Mester says monetary policy is well-positioned and expects inflation to come down. Speaking with Mike McKee on Bloomberg ...
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Members began their discussion of international economic conditions by noting that the risks to global growth had become more balanced over prior weeks. While national accounts ...
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San Francisco Fed president Mary Daly told Axios on Friday that it's not clear whether inflation is definitively receding and there is no "urgency" to adjust interest rates. Why it matters: Inflation cooled for the first time in 2024 last month, relieving economists that progress might not have stalled out. But one month of data has not convinced Fed officials that price pressures are evaporating in a way that puts near-term interest rates back on the table. What they're saying: "Fortunately, policy is in a very good place. We are in what I call the ready position," Daly told Axios at the University of San Francisco. "We can adjust policy as we need to." • Earlier this month, the Fed acknowledged signs that progress on inflation had stalled. That's raised questions about whether decades-high interest rates might need to be pushed up further to wrestle inflation down. post: FED'S DALY: I AM NOT YET CONFIDENT INFLATION COMING DOWN SUSTAINABLY TO 2%. post: FED'S DALY: I EXPECT IMPROVEMENT IN SHELTER INFLATION, JUST NOT RAPIDLY.
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post: FED'S MESTER: MONETARY POLICY IS RESTRICTIVE. post: Mester: April CPI Report Was Good News, but Too Soon to Tell What Path Inflation’s on Mester: Inflation Progress Stalled in First Three Months post: FED'S MESTER: RISKS THAT WE'RE TOO RESTRICTIVE HAVE GONE DOWN. post: Mester: Inflation Risks Are Tilted to Upside Mester: I Don’t Think About Potential Rate Cut in Terms of When post: FED'S MESTER: THERE'S NO RISK IN SPENDING MORE TIME GATHERING DATA ON INFLATION BECAUSE THE ECONOMY IS STRONG.
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The US dollar index crept higher alongside US yields on Monday ahead of Wednesday’s FOMC minutes, which saw AUD/USD form a bearish outside day after another false break of 67c NZD/USD also formed a bearish outside day, USD/JPY and USD/CHF rose for a third day – although the moves appear to be more on the general flow of markets as opposed to being driven by ...
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video Silver begins the week with a new trend high of 32.52 and it is on track to close strong, in the upper third of Monday’s trading range. At the high silver was up by 6.50 points or 25.0% from the most recent swing low of 26.02 from May 2. Nonetheless, today’s high has put silver in a potential resistance zone that could lead to a pullback if not a ...
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Gold prices hit an all-time high of $2,448.80/oz. on April 12, 2024, on the back of hotter-than-expected NFP, sticky inflation and rising geopolitical risk. These factors attracted inflow of funds as shown by increasing managed money long positions to around two-year high. Despite the pullback towards the end of the month as profit-taking and U.S. dollar ...