Dollar and Yen rebound notably today as consolidative trading continues, with help from mixed sentiments. European indices are mixed while US futures point to lower open. Major global trading yields are trading lower, with US 10-year yield below 1.6 handle. New Zealand Dollar is leading Australian Dollar lower, followed by Sterling. Technically, we’d maintain the
Month: May 2021
This is a breaking news story. Check back for updates. Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions in government stimulus spending. “It may be that interest rates will have to rise
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health reported a strong first quarter and raised its full-year forecast, as customers came to its stores for Covid-19 vaccinations, tests and prescriptions. Shares of the company were up 3% early Tuesday in premarket trading.
Gold has something to offer for both the bulls and the bears. The daily and weekly outlook is in contrast to that of the monthly out look at this juncture. As per the prior analysis, Gold Price Analysis: Bulls back in town through critical resistance, we have seen the pullback that the bulls were looking for,
INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering. According to a release issued by the company, the blockchain trading platform raised $85 million in gross proceeds from over 7,200 investors — both retail and qualified institutional actors. Details from the announcement show that the average
UK stocks gain in catch-up play after the long weekend Eurostoxx +0.1% Germany DAX flat France CAC 40 +0.1% UK FTSE +0.8% Spain IBEX +0.1% The overall risk mood is more tepid in general with US futures also keeping little changed. S&P 500 futures are down 0.1%, Nasdaq futures down 0.1%, Dow futures flat. In
Nasdaq index lower. Dow closes higher The NASDAQ index has now posted a three day losing streak as it fell -0.48%. The Dow snapped a two day losing streak closing higher by 0.7%. The final numbers are showing: S&P index up 11.49 points or 0.27% at 4192.66 NASDAQ index down 67.565 points or -0.48% at 13895.11 Dow industrial average
NEW DELHI: Gold and silver futures prices dropped lower up on Tuesday, as a stronger dollar and optimistic comments from US Federal Reserve Chairman Jerome Powell on the economy weighed on the metal’s safe-haven appeal. The dollar index was up 0.1 per cent against its rivals, making gold more expensive for other currency holders. The
The forex markets are staying in consolidative mode this week so far. Aussie is steady in tight range after RBA stood pat as widely expected, even though GDP forecast was upgraded. Dollar is recovering again as the retreat overnight didn’t last long. Canadian Dollar and Yen also trade with a slightly firmer tone. On the
In this article TWTR CEO of Twitter Jack Dorsey testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC, on September 5, 2018. (Photo by Jim WATSON / AFP) (Photo credit should read JIM WATSON/AFP/Getty Images) Jim Watson | AFP | Getty Images Twitter’s stock was down more than 10% in after-hours trading
In opinion of FX Strategists at UOB Group, the outlook for USD/JPY remains tilted to further upside in the near-term. Key Quotes 24-hour view: “We expected USD to ‘advance further’ yesterday but we were of the view that ‘overbought conditions could ‘limit’ any gains to a test of 109.60’. We highlighted that ‘a move to
Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new ‘altcoin season’ has commenced. Meanwhile, Bitcoin (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level. Data from Cointelegraph Markets and
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U.S. Treasury debt issuance estimates U.S. Treasury expects to issue $463 billion of net marketable debt in April to June 2021. That is much higher than the February estimate of $95 billion increasing in the borrowing estimate is due to additional spending due to covert 19 in January – March 2020, it issued $401 billion in
The 100 hour MA is in play now The USDCAD has been waffling up and then down in trading today. The “up” moved to test the high from Friday and Thursday but fell short of those levels. Also above is the 38.2% retracement of the move down from Wednesday’s corrective high (at 1.23234). The high on Friday stalled just
Gold prices jumped more than 1% on Monday, with the rally spilling over into other precious metals as well, driven by a retreat in the and US Treasury yields. Spot gold was up 1.4% at $1,792.41 per ounce by 12:13 p.m. EDT (1613 GMT), after hitting its highest since April 22 at $1,797.75. US gold
Markets seem to be back in mild risk on mode in Europe, shrugging off the selloff in Asia. US futures also point to higher open, as the record run could resume this week. The currency markets are relatively mixed. Yen is stabilizing into US session after earlier selloff. Dollar is also weakening mildly for the