Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China’s goal
Month: September 2021
Price settles at $75.03 after trading as high as $76.07 The price of WTI crude oil futures are settling at $75.03. That is up $0.20 or 0.27%. The high price reached $76.07 but came off after report from OPEC+ that they may look to increase production at their upcoming meeting. That sent the price back down
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New Delhi: Gold in the national capital on Thursday declined by Rs 154 to Rs 44,976 per 10 gram reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, it had settled at Rs 45,130 per 10 gram. Silver also dipped Rs 1,337 to Rs 57,355 per kilogram
The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren Keith Bedford | Reuters Boston Federal Reserve President Eric Rosengren announced Monday he is stepping down from his position on Thursday retiring nine months earlier than he had planned, citing health concerns. In his announcement, which came weeks after an uproar over his
In this article BBBY People walk out of a Bed Bath & Beyond store amid the coronavirus disease (COVID-19) pandemic in New York, January 27, 2021. Carlo Allegri | Reuters Bed Bath & Beyond shares tanked more than 17% in premarket trading Thursday as the company said it saw a steep drop-off in traffic in
NZD/USD bulls step in and target the 38.2% Fibo. The 50% mean reversion is eyed as a potential deeper target. US dollar is expected to be stronger for longer. NZD/USD is trading around 0.58% higher on the day and has risen from a low of 0.6859 to a high of 0.6921, coming close to its
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Dollar retreats mildly in Asian session but remains the strongest one over the week. The rally in treasury yields appear to be taking a breather. But 10-year yield is holding firm above 1.54 handle, while 30-year yield is also above 2.0 handle. Canadian is following as the second strongest, and then Aussie. On the other
The aussie is the lead gainer so far in European trading A bit of a push and pull is still being seen with regards to the dollar to start the session but that is fitting with the typical untidy narrative when it comes to month-end and quarter-end trading in general. The greenback is mildly softer
Latest data released by Eurostat – 30 September 2021 Invest in yourself. See our forex education hub. Eurozone unemployment fell in August as expected, keeping with the improvement seen since the start of the year as labour market conditions are still gradually improving back towards pre-pandemic levels. There still needs to be time to get
NEW DELHI: Gold prices were trading little higher on Thursday in the domestic market, following global cues. However, the yellow metal hovered near a seven-week low as a stronger dollar and taper expectations weighed on sentiments. Gold futures on MCX were trading higher 0.34 per cent or Rs 156 at Rs 45,925 per 10 gram.
Sen. Elizabeth Warren charged Tuesday that Federal Reserve Chairman Jerome Powell has led an effort to weaken the nation’s banking system, and she vowed to oppose his renomination. In remarks made during a hearing before the Senate Banking Committee, the Massachusetts Democrat cited several instances where she said the Powell Fed has watered down post-financial
GBP/JPY struggled to capitalize on its modest intraday gains to the 150.65 region. A modest USD weakness helped revive demand for the JPY and exerted pressure. Upbeat UK GDP print acted as a tailwind for the sterling and help deeper losses. The GBP/JPY cross surrendered its modest intraday gains and was last seen hovering near
Dollar is generally strong today, but buying focus is temporarily shifted from against Yen to Euro and Sterling. In particular, EUR/USD has taken out key support level at 1.1663. Overall markets are mixed though, with stocks recovering while treasury yields retreat. Yen and Swiss Franc are the stronger ones for today followed by the greenback.
Bitcoin faced another day of bearish pressure on Sept. 29 as the impact of China’s crypto crackdown and uncertainty about the regulatory landscape in the United States continue to weigh heavily on Bitcoin (BTC) and some of the larger-cap altcoins. Data from Cointelegraph Markets Pro and TradingView shows that the early morning rally above $42,000
White House comments from Press Secretary We are at a precarious, important time discussions on legislation White House team, Biden will be working around the clock on talks with lawmakers it has the sense that Sen. Sinema does want to see a reconciliation bill Sen. Sinema is a key democratic senator who like Sen Manchin is more moderate
North Korea state media, KCNA reporting comments from Kim Jong Un. Willing to restore the inter-Korean hotline from October US military threats & hostile policy unchanged under the new administration Its up to South Korea to continue the standoff or it can foster new relations North Korea has no reasons to provoke or hurt South
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