Sellers reemerge after testing the highs for the week and finding sellers The GBPUSD has been mired in a down and up and now down volatile price action. The high price high from earlier in the New York session stalled against the highs from earlier in the weekend the high from last between 1.3745 1.37582. The high price reached 1.3751 and rotated
Month: January 2021
Pres. Biden speaking Pres. Biden is currently speaking and says: Cost of inaction on stimulus is high, growing every day Return on investments in the economy have never been higher Notion is must act now on stimulus, no time for delay Stimulus won’t be drag on economy, will help it grow Comments are in line
Gold gained Rs 132 to Rs 48,376 per 10 gram in the national capital on Friday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,244 per 10 gram. Silver also jumped Rs 2,915 to Rs 68,410 per kg, from Rs 65,495 per kg in the previous trade. “Ahead
Canadian Dollar rises broadly in early US session, with the help from better than expected GDP data. Euro is also firmer on German and French GDP data. While markets are back in risk-off mode, Yen, and to a lesser extent Dollar and Swiss Franc, turn softer. As for the week, Sterling and Kiwi are currently
A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Homebuyers signed fewer contracts to buy existing homes in December, as record high prices and record low supply stood in the way of strong demand. The pending home
American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, December 29, 2020. Marco Bello | Reuters American Airlines on Thursday reported a record quarterly loss and faces difficult months ahead as new travel restrictions and a slow rollout of
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In opinion of FX Strategists at UOB Group, AUD/USD could grind lower to the 0.7560 region in the next weeks. Key Quotes 24-hour view: “We expected ‘further AUD weakness’ yesterday but we were of the view ‘0.7560 is likely out of reach for now’. We highlighted that ‘0.7595 is already quite a strong level’. While
Major EDM record label Monstercat has highlighted how non-fungible tokens, or NFTs, can be a successful new revenue stream for artists and the music industry, generating $180,000 in the first two minutes of an NFT collection release. The collection consists of animated video clips with music backing and was created in collaboration with Australian-based digital
The risk rout calms down ahead of North American trading The greenback continues to lead the charge in the major currencies space but gains have been trimmed somewhat across the board as risk sentiment exudes some calmer tones. The DAX fell by nearly 2% earlier in the session but has trimmed losses well beyond opening
China’s official PMIs are due on Sunday 31 January at 0100GMT. Manufacturing expected 51.5, prior 51.9 Non-manufacturing expected 55.0, prior 55.7 Composite prior 55.1 These will be followed in the new week by the unofficial, Caixin/Markit PMIs for January, manufacturing due on 1 February at 0145 GMT and Service & Composite on the 3rd at
NEW DELHI: Gold and silver futures prices in the domestic market traded with gains in the morning trade on Thursday, as low level buying pushed precious metals higher. Investors are awaiting any development on the stimulus front. While there is a buzz that the government may reduce duty on gold to raise demand in the
The sharp turn in risk sentiments overnight pushed “safe-haven” currencies generally higher. Among them, Dollar is currently outperforming both Swiss Franc and Yen. On the other hand, Australian Dollar is leading other commodity currencies lower. Euro and Sterling are mixed, with the Pound having a slight upper hand. Technically, the movements are mainly centered around
A Federal Reserve police officer walks past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve kept its foot to the floor Wednesday in terms of the help it is providing for an economy that central bank officials say has slowed down. Consistent
People wear protective face masks outside McDonald’s in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 18, 2020 in New York City. Noam Galai | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell on Thursday. Here’s what
XAU/USD resting at critical support while the dollar losses some commitments at critical resistance. Can the greenback regain its footing in 2021? Gold is trading at $1,839, a touch lower on the day, travelling between $1,834.18 and $1,864.11 despite the US dollar’s slide in Europe and New York. The Federal Reserve’s decision which knocked risk appetite
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