Month: June 2021

Thomas Barkin, President of the Richmond Federal Reserve Bank, said on Monday that he is pretty optimistic about the labor market and added that he expects to see progress “in relatively short order,” as reported by Reuters. “The Fed has had substantial further progress against the inflation goal,” Barkin further noted and said he wants to
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BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business, according to some reports. The company sold its stake in the Singapore-registered Bitcoin exchange ZG.com to an unidentified foundation in Dubai, Chinese news agency The 21st Century Business Herald recently reported. According to the report, ZG.com is a completely independent
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France’s CAC down modestly The major European indices are ending the week mostly higher on the day. The provisional closes are showing: German DAX, +0.1% France’s CAC, -0.1% UK’s FTSE 100, +0.4% Spain’s Ibex, +0.25% Italy’s FTSE MIB, +0.35% For the week, the major indices are also higher: German DAX, +1.0% France’s CAC, +0.85% UK’s
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Investors trimmed their open interest positions by around 3.3K contracts at the end of last week, as per advanced prints from CME Group. On the flip side, volume reversed three consecutive daily drops and increased by nearly 122K contracts. WTI clinches new 2021 highs The rally in the West Texas Intermediate remains well and sound
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The low today was lower than yesterday’s but above the low on Wednesday The USDCAD reached its high this week on Monday at 1.24863. That high was also the highest level since April 26, and took out the high from last week at 1.24801. However, that new high was only 6 pips above the April
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