The country's foreign exchange reserves declined by USD 160 million to stand at USD 635.667 billion in the week to December 17, RBI data showed on Friday.

In the previous week ended December 10, the reserves had decreased by USD 77 million to USD 635.828 billion. It touched a lifetime high of USD 642.453 billion in the week ended September 3, 2021.Read More

The dollar continued to suffer losses against its major rivals on Wednesday with risk flows staying in control of financial markets. Later in the session, the US Bureau of Economic Analysis will release the November Personal Consumption Expenditures (PCE) Price Index data, the Fed's preferred gauge of inflation, alongside the monthly Personal Income and Personal Spending figures. The weekly Initial Jobless Claims, November New Home Sales and the University of Michigan's Consumer Sentiment Index for December will also be featured in the US economic docket ahead of the Christmas holiday.Read More

Here is what you need to know on Friday, December 24:

After closing the first three days of the week in the negative territory, the US Dollar Index steadied above 96.00 after the data from the US showed that the Core PCE inflation rose at a stronger pace than expected in November. Major financial markets will be closed on Christmas Eve on Friday and no action is expected.Read More

London's FTSE 100 ended the day up 0.2%, while the French CAC finished 0.3% lower.
Markets in Germany, Italy and Switzerland were closed to mark the Christmas holiday.
It comes as market players juggle concerns over coronavirus restrictions and tighter central bank policy with signs that the heavily mutated omicron strain of the virus is milder than earlier variants like delta.

LONDON — European markets ended the day in mixed territory after a thin trading session on Christmas Eve, as traders kept a watchful eye on the latest developments around the omicron Covid variant.Read More

Financial services company Fidelity Investments' U.K. arm reported that over the last 12 months, customers were most interested in trading shares of crypto mining firm Argo Blockchain.

In a Thursday report, Fidelity said Argo Blockchain ranked third among the top five stocks most actively traded by its customers in 2021 — the others were Rolls-Royce, British Airways owner International Consolidated Airlines, oil giant BP and Lloyds Banking Group. Argo, which Fidelity described as a "trending" stock, also ranked third among stocks traded by Self-Invested Personal Pension, or SIPP, investors.Read More

'There are still a few tranches left, but almost done,' the Tesla CEO wrote on Twitter.



Tesla Inc Chief Executive Officer Elon Musk, who has sold more than $15bn worth of shares in the company since early November, said on Wednesday that he was "almost done" with his stock sales.

The billionaire had made confusing statements as to whether he might or might not be done with his stated goal of selling 10 percent of his Tesla shares.

"I sold enough stock to get to around 10 percent plus the option exercise...

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US stocks rose to a record-high close on Thursday, marking the third consecutive advance for the $52tn market as promising economic data helped offset fears surrounding the spread of the Omicron coronavirus variant.

The S&P 500 stock index added 0.6 per cent, following two days of more than 1 per cent increases. Together the gains have helped reverse sharp falls on Monday and late last week. The tech-heavy Nasdaq Composite closed 0.8 per cent higher, leaving the index up more than 3 per cent for the week.Read More

Despite a challenging November and December for tech stocks, a number of companies are still poised to notch triple-digit gains for 2021.
Upstart, a developer of technology to spur online lending, has surged more than 250% this year, following the company's IPO this month.
The other top performers include semiconductor companies, a provider of collaboration software and a cybersecurity vendor.

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Today we will look at Kraft Heinz , a stock in the top 5 holdings of Berkshire Hathaway , that has not been performing yet with stellar results, but that may change, or not... So first, let's look at some conclusions from a technical perspective.

-From 2017 to 2019, the price was clearly on a bearish trend , defined for the most external trendline (white line)
-From 2019 until the beginning of 2021, we observed a consolidation period where the price moved sideways between 37.00 and 27.00Read More

Hello traders as you can see price hit a very strong monthly level , price have been forming a very strong triangle continuation pattern and now we are expecting a strong bullish breakout. Price can eventually continue pushing to the upside . Let me know in the comment section if you are bullish or bearish