The gold price was in the hands of the bears in London following an initial spike to score fresh highs at $1,916.61 as per XAU/USD. Gold ended the North American session down 0.35% resting around the 50% mean reversion mark of the latest daily bullish impulse at $1,899 and slightly higher than the lows for
Month: June 2021
Cryptocurrency investment manager ETC Group is expanding its Bitcoin (BTC) exchange-traded product offering in the United Kingdom after harnessing Swiss market rules to bypass more stringent British regulations. The ETC Group Physical Bitcoin ETP, which trades under the ticker symbol BTCE, will begin trading on the Aquis Exchange in London and Paris on June 7,
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GBP/USD falls from 1.4220-30 to a low of 1.4185 on the session Invest in yourself. See our forex education hub. This comes with the greenback also erasing losses against the euro, yen, franc and kiwi on the day. Even the aussie is back to its post-RBA levels now with AUD/USD at 0.7740. The turn for
NEW DELHI: Gold prices on Tuesday traded near a five-month high scaled last week, supported by a softer dollar and growing inflationary pressures. The precious metals extended gains in domestic markets on the back of mixed cues. Investors awaited key US data that will provide a clearer picture on the global economy’s recovery path. Market
As expected, the RBA left all monetary policy measures unchanged in June. Policymakers maintained a dovish tone, suggesting no rate hike at least until 2024. They also affirmed that some adjustments to the monetary policy would be made in July. On economic developments, while reiterating the “strong” growth outlook in 2021 and 2022, the central
USD/JPY attracted some dip-buying on Tuesday and stalled its recent corrective slide. The safe-haven JPY was weighed down by the prevalent risk-on mood, COVID-19 jitters. An uptick in the US bond yields remained supportive’ sustained USD selling capped gains. The USD/JPY pair managed to recover over 35 pips from multi-day lows and climbed to fresh
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China – Caixin/Markit Manufacturing PMI for May in line at 52.0 Key findings cited in the report: Total new business rises solidly, supported by stronger export sales Production growth softens slightly due to supply chain strain Staffing levels broadly stable as companies face steep rise in costs