Gold price (XAU/USD) attracts some buyers to near $5,330 during the early Asian session on Monday. The precious metal holds positive ground after reaching $5,420 in the previous session, bolstered by safe-haven flows. Traders will take more clues from the Fedspeak later on Tuesday.
GBP/USD fell around one-half of one percent on Monday, briefly sliding to an eleven-week low around 1.3310 in early trade before staging a mid-session recovery to settle close to the 1.3400 handle.
The AUD/JPY recovers from earlier losses, advances some 0.38% on Tuesday even though risk aversion is ruling the financial markets as tensions in the Middle East had risen. Hawkish comments of RBA’s Governor Bullock propel the Aussie Dollar higher. At the time of writing, the cross-trades at 111.62.
Societe Generale’s team examines China’s position in U.S.–Iran tensions, noting that Iran supplies most of China’s Oil but disruptions are manageable.
The Reserve Bank of Australia (RBA) Governor Michelle Bullock crossed the wires on Tuesday March 3 and she was hawkish. Bullock said that data justified February’s rate hike and that Middle East conflict adds to uncertainty.
Eli Lilly and Co (LLY) closed down by 3.27%. The Pharmaceuticals & Medical Research industry is down by 11.35%. The company outperformed the industry. Top 3 gainers of the industry: Purple Biotech Ltd
Lockheed Martin Corp (LMT) closed up by 3.35%. The Industrial Goods industry is up by 1.67%. The company outperformed the industry. Top 3 gainers of the industry: NeoVolta Inc (NEOV) up 19.55%; Red Ca
Dell Technologies Inc (DELL) closed up by 3.73%. The Technology Equipment industry is up by 0.32%. The company outperformed the industry. Top 3 gainers of the industry: Aeluma Ord Shs (ALMU) up 24.66%
Marriott International Inc (MAR) closed down by 3.29%. The Cyclical Consumer Services industry is down by 2.58%. The company underperformed the industry. Top 3 gainers of the industry: Thryv Holdings
Autozone Inc (AZO) closed up by 3.02%. The Retailers industry is down by 0.99%. The company outperformed the industry. Top 3 gainers of the industry: Lanvin Group Holdings Ltd (LANV) up 4.97%; Betterw
GBP/JPY rises during the North American session up by 0.24% after recoverying from hitting daily lows of 209.35 amid risk aversion spurred by the Middle East conflict between the US and Iran. At the time of writing, the cross-pair trades at 210.98, about to overcome the 211.00 hurdle.
Phillips 66 (PSX) moved up by 3.78%. The Energy - Fossil Fuels industry is up by 1.90%. The company outperformed the industry. Top 3 gainers of the industry: Trio Petroleum Corp (TPET) up 161.90%; Bat
Oracle Corp (ORCL) moved up by 3.23%. The Software & IT Services industry is up by 0.17%. The company outperformed the industry. Top 3 gainers of the industry: Sabre Corp (SABR) up 33.06%; Upexi Inc (
The Swiss Franc was the standout safe-haven performer on early Monday trading, rallying sharply against the Euro and most major currencies as the US-Israeli military strikes on Iran triggered a broad flight to safety.
The United States, allied with Israel, struck Iran over the weekend, killing Iran’s Supreme Leader, Ayatollah Ali Khamenei.
Strategy continued its accumulation of the top crypto last week, acquiring 3,015 BTC for $204 million amid renewed interest in crypto products after four weeks of outflows.
The Australian Dollar register loses versus the Greenback following over-the-weekend developments, which triggered a flight to safety, weighing on the AUD/USD pair. At the time of writing, it trades at 0.7083, down 0.37%.
Mitsubishi UFJ Financial Group Inc (MUFG) moved down by 3.25%. The Banking & Investment Services industry is down by 0.08%. The company underperformed the industry. Top 3 gainers of the industry: Mara
Unilever PLC (UL) moved down by 3.16%. The Personal & Household Products & Services industry is down by 1.80%. The company underperformed the industry. Top 3 gainers of the industry: E-Home Household
Ethereum (ETH) treasury firm BitMine Immersion (BMNR) bought another 50,928 ETH last week, sending its stash of the top altcoin to 4.47 million ETH worth about $8.9 billion at the time of publication.
NZD/USD trades under pressure on Monday as the New Zealand Dollar (NZD) weakens against the US Dollar (USD) amid escalating geopolitical tensions in the Middle East.