Gold trades at two-week lows, below $1,800. XAU/USD daily close below the 200-DMA could accelerate the fall. An ascending wedge in the 4-hour chart, its suggests next target could be at $1,750. The yellow metal is falling for the second day in a row and it is trading around $1,794.41, down 1.58%, at the time of writing.
Month: September 2021
Bitcoin (BTC) holders took profits on Tuesday, just as El Salvador moved to recognize the digital currency as legal tender in a landmark move that could have significant implications for global adoption. After hitting local highs north of $52,800 on Monday, Bitcoin’s price plunged all the way to $42,900 in Tuesday trading, according to Cointelegraph
10 year yield moves to a high of 1.385% The USD has moved to a new intraday high versus all the major currencies. The greenback is following the rise in the US rates with the 10 year yield moving up to a high of 1.385%. That is the highest level since July 14. The USD is the strongest of
The latest auction results The GDT price index rose 4.0% in New Zealand’s latest dairy auction to $3927/MT. That’s the first decent jump in months but it’s not going to do much for the kiwi today with the US dollar climbing across the board. The kiwi was last down 47 pips to 0.7090. Invest in
New Delhi: Gold in the national capital on Tuesday fell by Rs 37 to Rs 46,417 per 10 gram amid weak precious metal prices in the international market, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,454 per 10 grams. Silver also tumbled Rs 332 to Rs 63,612
Risk sentiment turns a bit weaker today in the stock markets. But benchmark European and US yields are staging a strong rally. In the currency markets, Aussie is sold off is in delayed reaction to RBA’s dovish tapering, but Canadian is follow closely with selloff in oil price. Sterling is also falling in European crosses,
Dallas Federal Reserve President Robert Kaplan would like to see the central bank announce next month that it will begin tightening its policy reins. Among his reasons is a general belief that the economy can withstand a little less help from the Fed. But Kaplan also said he’s concerned about inflation and “excess risk taking”
This is the simple trading strategy and concept that made me consistently profitable. Lets also keep in mind without proper risk management and well developed trading psychology you will still fail no matter what strategy or method you use to trade. Whether it be Forex, stocks, or crypto this is the best way to trade
UOB Group’s FX Strategists noted NZD/USD’s upside is predicted to meet a solid resistance above the 0.7200 mark. Key Quotes 24-hour view: “After the strong surge in NZD last Friday (03 Sep), we highlighted yesterday (06 Sep) that ‘the sharp and rapid rise appears to be overdone and NZD is unlikely to strengthen further’. We
Dollar slightly ahead but ranges are still relatively narrow The greenback is recouping some losses from Friday to start the new week but so far the moves in the major currencies space are still rather unexceptional. The antipodeans are the notable laggards for now but AUD/USD is keeping within a 30 pips range and is
China August trade data, yuan terms: China trade balance: +376.3bn yuan vs. expected CNY 495.5bn, prior was CNY 362.7bn Exports +15.7% y/y: expected 22.5%, prior was 8.1% Imports +23.1% y/y: expected 9.1%, prior was 16.1% USD terms China trade balance $58.3bn vs. expected $51.0bn, prior was $56.6bn Exports +25.6% y/y: expected 17.1%, prior 19.3% Imports
TOKYO: Oil prices were wobbly on Monday as investors grappled with demand concerns after Saudi Arabia’s sharp cuts to crude contract prices for Asia. Brent crude futures for November rose 4 cents, or 0.1%, to $72.26 a barrel by 0056 GMT, after falling 39 cents on Monday. US West Texas Intermediate crude for October was
The pace of asset purchases in the Pandemic Emergency Purchase Program (PEPP) in 4Q21 is the focus of this week’s ECB meeting. Following hawkish comments from some council members, especially chief economist Philiip Lane, hopes that an announcement related to reduction in purchases would be made at the upcoming meeting have increased. The policy rates
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance. In a much-anticipated speech as part of the Fed’s annual Jackson Hole symposium, Powell said the economy
NYSE:BABA futures edged higher in quiet start to the week Investors seem to be suspicious of the Common Prosperity donations from big tech firms. Ride-hailing firm Didi Global gains on news that Beijing may take over operations. Update: NYSE:BABA heads into the Asian opening trading at $170.75 per share, marginally up on futures, as Wall
Social media platforms are constantly under fire for their lack of total end-to-end encryption, existing privacy policies and censorship – but a blockchain-based solution might spell the end to an era of centralized social media dominance. In many ways, social media is a vital component of daily life for both businesses and the average consumer.
Oil still down by a little over 1% on the day so far Eamonn had the story earlier today here. The news is supposedly weighing on oil prices to start the week but I would also argue that is does have some technical undercurrent to it. The climb towards the end of last week stalled
Canadian and US markets closed today It’s a quiet one today in New York and Toronto but USD/CAD has had some life as it tracks a thinned oil market. WTI fell as low as $68.25 but it’s grinded back to $69.41 and unchanged on the session. With that, USD/CAD rose up to 1.2559 but has
- « Previous Page
- 1
- …
- 17
- 18
- 19
- 20
- 21
- …
- 24
- Next Page »