Weekly Financial News

The average long-term U.S. mortgage rate fell again this week, but remains near the 22-year high it hit three weeks ago, little relief for house hunters facing a market held back by persistently high prices and a near-historic low number of homes for sale

Bitcoin (BTC) launches its first full week of September with BTC price action at a crossroads — can $26,000 return?

Netflix regularly updates its content by adding and removing TV shows, documentaries, movies, and games. This helps maintain viewer interest and meets legal requirements. It is time to see what will arrive on the streamer this week.

Investing.com — Has U.S. gasoline demand peaked for this time of year? Well, that’s what the Labor Day holiday supposedly says. 

Despite the Q1 earning season having hardly any positive surprises at sector levels, the stock markets have been hopeful as indices have stayed in range bound mode with market breadth remaining positive in most trading sessions. The reason, strong flows into Indian markets.

By Ankika Biswas and Shashwat Chauhan

Nifty on Friday moved above the 21-EMA after a gap of several days and formed a long bull candle on the daily charts. On the weekly charts, a reasonable bull candle with minor lower shadow was seen. After showing a false downside breakout of 19250 levels on Thursday, the market seems to have reversed sharply on the upside, said Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The formation of a bullish pattern-like inverted hammer of last week seems to have confirmed this week with sizable upside bounce in the market.

To help you make best investment decisions, we have screened out all companies that have been awarded the highest score by Stock Reports Plus and clubbed it together with a ‘Strong Buy/Buy’ analysts’ recommendation as per Institutional Brokers' Estimate System (IBES).

Gold rose on Friday and was poised for a second straight weekly gain, helped by diminished chances of U.S. interest rate hikes this year after a data-filled week that concludes with the pivotal jobs report later in the day. FUNDAMENTALS * Spot gold gained 0.2% to $1,942.56 per ounce by 0130 GMT, looking set for a more than 1% weekly gain after prices touched one-month highs on Wednesday.

dollar was on course to snap a six-week winning streak against major peers on Friday, as it headed into a pivotal monthly U.S. jobs report that is likely to inform the path for Federal Reserve policy over coming months. The U.S.

WASHINGTON (Reuters) — U.S. consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep interest rates unchanged next month.

Over the course of the week ending 8/27, the Bitcoin market saw some dramatic changes. Bitcoin settled around $26,000 last week, slightly outpaced by the S&P 500 and Nasdaq, which registered a week-over-week increase of 0.8% and 2.3% respectively. What caught the eye of many investors, however, was the contrasting stagnation of Bitcoin prices last week, reminiscent of the time prior to the filing of BlackRock’s spot Bitcoin ETF application.

Investing.com — With just a week symbolically left for the peak of summer driving, most Americans must be relieved that they survived not just the road but also prices at the pump.

USB Type-C for its iPhone 15 series, potentially due to EU regulations. Standard iPhone 15 models may have slower charging speeds with Apple-certified cables required. In contrast, leaks suggest that iPhone 15 Pro models could feature a Thunderbolt USB Type-C cable for faster charging, up to 150W power output, and 4K 60Hz output.

Gold rate today: Following mixed trend throughout the week as investors were waiting for the final outcome of Jackson Home meeting. However, the yellow metal continue to bounced back from the lower support levels and its crucial ₹58,000 per 10 gm levels on Multi Commodity Exchange (MCX) and $1,900 per ounce levels in international market remained sacrosanct.

Expectations and price action have a strong relationship on Dalal Street, at the time of the earning season it gets even stronger. The Q1 earning season for FY 24 had started at a time when all the corners of dalal street were under the control of bulls.

Reserve Bank of India's foreign exchange reserves registered their sharpest weekly fall in six months last week, as the central bank likely increased market interventions to curb volatility in the rupee's exchange rate. The RBI's foreign exchange reserves were at $594.89 billion in the week ended August 18, down $7.27 billion.

foreign exchange reserves dropped by $7.273 billion to $594.888 billion for the week ended August 18, the Reserve Bank of India (RBI) data showed on Friday, August 25. Forex reserves posted their steepest weekly fall in more than six months, according to the data.

In Gemini's latest «Weekly Market Update» released on August 11, 2023, several significant developments were highlighted in the cryptocurrency industry, marking a week filled with innovation and collaboration.

CRISIL, part of the financial services industry, gave a breakout from a one-year-old Cup and Handle formation on the weekly charts which has opened room for the stock to head towards 4400 levels in the next two months, suggest experts. Short-term traders can look to buy the stock now while investors holding the scrip can accumulate it on dips. The momentum helped the stock to hit a record high of Rs 4070 on the BSE on 23 August 2023. The stock witnessed a corrective phase after it touched a high of Rs 3860 on 2 May 2022. The stock underwent a period of consolidation and found support above Rs 2700 in December before bouncing back. The 'Cup and Handle' pattern is easy to identify.

Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant. Brent crude fell 16 cents, or 0.2%, to $83.20 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude fell 18 cents, or 0.2%, to $78.91 a barrel. Crude prices are set to fall between 2%-3% for the week, a second consecutive week of decline. Oil settled modestly higher in the previous session after Dutch consultancy Insights Global posted data showing gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub declined by 3% in the latest week. Investor caution ahead of remarks from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium lifted the safe-haven dollar to a 10-week high, its biggest rise in a month, as markets waited for word on how long rates would stay high.