Cable bounces back after small dip Even the 20-pip dips are being bough in cable today. That’s a great sign for the bulls but 1.35 is putting a ceiling on the pair for the moment. I remain a bull but I think the short-term trade is to go with a break of the range from
Month: December 2020
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Oil prices were steady on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place during the first wave of the COVID-19 pandemic. Brent crude was up 4 cents, or less than 1%, at $48.29 a barrel by 1337 GMT, and U.S. oil was
Dollar’s selloff accelerates today and better than expected jobless claim data provide no support. European majors are generally firm, with Sterling leading the way this time. But the rally in the Pound is unconvincing so far, with uncertainties over Brexit trade talks. Commodity currencies are relatively mixed, with Canadian Dollar being the weakest. Technically, focus
New jobless-claim filings last week reached their lowest level of the pandemic crisis, providing a sign that hiring is continuing if at a slower pace. First-time claims for unemployment benefits totaled 712,000 last week, compared with 787,000 a week earlier and the Dow Jones estimate of 780,000, the Labor Department reported Thursday. That marked a
USD/CHF dropped momentarily below the 0.8900 level in earlier trade for the first time since January 2015. Broad USD weakness is the cause of the decline, with CHF holding up well despite buoyant risk appetite. Broad USD weakness on Thursday is to blame for USD/CHF’s continued march to the south, with the pair momentarily dropping
As Cointelegraph reported two weeks ago, the Securities and Exchange Commission put out a rare no-action letter in defense of IMVU’s new blockchain-based VCOIN. VCOIN is only the third digital token to get such legal protection from the U.S. securities regulator, which makes it an exciting development. The SEC has been extremely active in punishing
The buyers try to push through the ceiling The AUDUSD has tested the 200 hour MA on three straight days. Each got close to the line (see green line), with buyers leaning ahead of the level. The run up today, first cracked above the 100 hour MA (0.73716), and then ran above the topside trend
Daily thread to exchange ideas and to share your thoughts Major currencies are mostly little changed so far on the day, with the pound sitting a little higher after a rebound from key support in trading yesterday. Cable tested the region around 1.3290-00 and buyers held the level before seeing a push back towards 1.3400 currently, as
NEW DELHI: Metal and energy counters traded mixed on MCX on Thursday. At the same time, most agri commodities were trading with cuts amid swift developments on the vaccine front. Gold was up 0.49 per cent while silver rose 0.47 per cent. Base metal counters were trading mixed with nickel and copper in the red.
Yen trades generally lower today as pressured by surging US treasury yields and mild risk-on sentiments. Dollar and commodity currencies are not too far behind. European majors continue to be strong as led by Euro and Swiss Franc. Sterling is not performing too badly against others as traders are not committing to bet on no-deal
A house for sale in Sarasota, Florida Scott Mlyn | CNBC Thanksgiving week isn’t usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in the pandemic-spiked housing market. Mortgage applications to purchase a home jumped 9% last week from the previous week, according to the Mortgage Bankers Association’s seasonally
Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020. CNBC Shares of Snowflake fell as much as 8% in extended trading on Wednesday after the data-warehousing software maker issued its first quarterly financial results as a public company. Here’s how Snowflake performed: Earnings: Loss of $1.01 per share. Revenue: $159.6 million. Snowflake’s revenue grew
In opinion of FX Strategists at UOB Group EUR/USD could now attempt a move to the 1.2200 mark in the next weeks. Key Quotes 24-hour view: “We highlighted yesterday that ‘robust momentum suggests further EUR strength’. We added, ‘the next resistance is at 1.2100 followed by 1.2130’. Our view was not wrong as EUR surged
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CoinShares chair and former JP Morgan commodity trader Danny Masters told CNBC that the financial landscape has changed to the point where not having exposure to Bitcoin could be a riskier move for portfolio managers than investing in it. Interviewed on Power Lunch, the head of the digital asset management firm referred to the fact