XAU/EUR fell below its 21DMA at €1586 on Tuesday as Eurozone real yields rallied. Hawkish ECB commentary was the catalyst for the rise in yields, after markets reacted hawkishly on Monday to Powell’s renomination. Euro-denominated spot gold (XAU/EUR) prices tumbled beneath their 21-day moving average at €1586 on Tuesday, taking losses on the week to
Month: November 2021
Dollar surged overnight after Fed Chair Jerome Powell was nominated for a second term by US President Joe Biden. The greenback stays firm in Asian session and is ready to extend its near term rally. On the other hand, New Zealand Dollar is trading notably lower, as traders are probably pricing out the chance of
USD/JPY shoved lower from 115.05 to 114.50 Invest in yourself. See our forex education hub. This just looks more like a bit of a let out of steam but the overall momentum is still largely sticking, though the greenback is trading more mixed across the board. Treasury yields are holding the advance from yesterday and
Latest data released by Markit – 23 November 2021 Prior 54.6 Manufacturing PMI 58.6 vs 57.3 expected Prior 58.3 Composite PMI 55.8 vs 53.2 expected Prior 54.2 The French and German readings earlier served as a prelude to the beats in the overall Eurozone report here, reaffirming a modest improvement in business activity in both
NEW DELHI: Gold and silver futures prices were trading with marginal gains as low level buying was seen early on Tuesday after a sharp fall a day prior. However, the gains were checked as dollar rose. The dollar index held near a 16-month peak after Biden on Monday nominated Fed Chair Powell for a second
Jerome Powell, who guided the Federal Reserve and the nation’s economy through the staggering and sudden Covid-19 recession by implementing unprecedented monetary stimulus, has been nominated for a second term as chairman of the U.S. central bank. President Joe Biden made the announcement Monday morning following weeks of speculation that a push from progressives might
Zoom CEO Eric Yuan makes a toast after the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom reported better-than-expected quarterly earnings on Monday, while warning investors of a revenue slowdown at the video-chat company as the pandemic comes to an end. Here’s how the company did:
Palladium consolidates the biggest daily losses since September at monthly low. Clear break of seven-week-old trend line, bearish MACD signals favor sellers. Ascending resistance line from September, 100-DMA challenge bulls. Palladium (XPD/USD) traders lick their wounds around November’s low while picking up bids to $1,971 ahead of Tuesday’s European session. Although multiple lows marked during
American multinational investment bank Citi announced it had appointed Puneet Singhvi to lead the digital assets division of its Institutional Clients Group (ICG) starting on Dec. 1. In addition to appointing Singhvi on Nov. 22, Citi is hiring 100 additional personnel to for its digital assets division. The move indicates a concerted effort to beef
#DailyPipTalk #LondonBreakoutTrading #ForexTradingTips #BestForexStrategy SIMPLE FOREX TRADING STRATEGY That Will Change The Way You Trade Keep your trading simple. The smart money, banks, institutions whatever you want to call them work opposite to how retail traders think. They sell high and buy low. They work from the numbers and they move the markets at the
NASDAQ index falls -1.26%. Dow snapped a three day losing streak but closes near it’s lows The major US indices are closing near lows for the day as higher rates hurt investor sentiment. The NASDAQ index – which closed at a record level on Friday and also made new all-time intraday highs today – turned
Goldman Sachs are eyeing the flash PMIs for November for upside surprises as posted yesterday. We’ll have to wait to get the preliminary PMIs from Europe etc. but they kick off from Australia on Tuesday, 23 November 2021. 2145 GMT New Zealand Retail sales for Q3 expected -10.5% q/q (lockdown impact), prior 3.3% prior 33.3%
New Delhi: Gold price in the national capital on Monday gained marginally by Rs 17 to Rs 47,869 per 10 gram amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,852 per 10 gram. Silver surged Rs 444 to Rs 64,690 per kilogram from Rs 64,246
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images Sales of previously owned homes in October rose 0.8% to a seasonally adjusted annualized rate of 6.34 million units, according
The S&P 500 printed fresh record highs in the 4740s as investors cheered Fed Chair Powell’s reappointment. The Nasdaq 100 was initially higher, but downside in growth names amid higher bond yields has pulled the index lower. US stock markets rallied to fresh record highs as investors cheered the appointment of Fed Chair Jerome Powell
The forex markets are generally staying in tight range in Asian session, digesting last week’s moves. Euro remains generally soft and looks vulnerable to extend the near term decline, in particular against commodity currencies and Yen. Sterling is so far resilient, awaiting more BoE officials to speak up their mind regarding the chance of an
EUR/USD down 0.2% to 1.1265 on the day It is tough to pick at support levels for the pair over the past two weeks but the 61.8 retracement level of the swing higher from March last year to January this year @ 1.1290 and the 1.1300 did offer some light reprieve last week before it
Latest data released by the SNB – 22 November 2021 Domestic sight deposits CHF 646.7 bn vs CHF 644.1 bn prior Prior week’s release can be found here. Surprisingly not a meaningful increase in overall sight deposits even as EUR/CHF broke to fresh lows since 2015 on Friday last week. Perhaps the SNB is biding
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