Month: February 2021

Strengthening against US dollar for 8 consecutive months, Renminbi (Chinese yuan) has accumulated gains of about 10% since June 2020. We believe the rally is overextended as China’s economic recovery has shown signs of losing steam while yield differential between US and China has narrowed over the past few months. Recovery in China is losing
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GBP/USD takes the bids near the fresh high since April 2018. Bullish channel, MACD favor run-up to the 1.4000 threshold. One-week-old support line, 10-day SMA offer immediate supports. GBP/USD prints a three-day winning streak while rising to the fresh high in 34 months while taking the bids near 1.3925 during Tuesday’s Asian session. Bullish MACD
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Celsius, a centralized cryptocurrency lending platform, claims to have paid out over $250 million in rewards to its 415,000 users, underscoring the rapid growth of blockchain lending protocols.  Celsius announced the milestone in a Monday press release, which highlighted the company’s significant growth over the past two years. “Celsius remains one of the fastest-growing companies
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LONDON: Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in. Brent crude was up 88 cents, or 1.4%, at $63.31 a barrel at 1320 GMT, after climbing to a session high of $63.76, the highest since Jan. 22, 2020.
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KOLKATA: National Commodity & Derivatives Exchange Limited (NCDEX) will launch the hi-pro soybean meal futures contract on February 17. The basis centre and additional delivery centre for the contract would be Indore and Latur respectively. The futures contracts, expiring in the months of March 2021 to September 2021 will be available for trading at the
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