Month: December 2021

The white-metal drops as the US 10-year bond yield rise nearly six basis points, underpinning the greenback. The US Dollar Index, which measures the buck’s performance against six rivals, advances almost 0.25%. XAG/USD 1-hour chart has a downward bias, as shown by hourly simple moving averages (SMA’s) residing above the price. Silver (XAG/USD) retreats from
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Major derivatives marketplace Chicago Mercantile Exchange Group has expanded its crypto offerings to include a micro Ether futures product. In a Monday announcement, the CME Group said it had launched a micro Ether (ETH) futures contract sized at 0.1 ETH, giving institutional and individual traders another product for Ether exposure. The cash-settled micro ETH derivatives
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Major currencies remain largely in range against each other in quiet trading today. Australian Dollar continues to lead other commodity currencies to recover. But Aussie’s recovery could be short-lived if RBA delivers some unexpected dovish surprise in the coming Asian session. Meanwhile, Swiss Franc is turning notably weaker, followed by Yen and then Euro and
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New Delhi: Gold in the national capital on Monday gained Rs 29 to Rs 46,974 per 10 gram supported by rupee depreciation despite weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,945 per 10 gram. Silver, however, dipped Rs 149 to Rs 60,137 per
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GBP/JPY struggles to keep corrective pullback from 11-week lows. Bearish MACD signals, sustained trading below previous support keeps sellers hopeful. Weekly resistance, 10-DMA add to the upside filters. GBP/JPY buyers battle short-term key resistance, previous support, while taking rounds to 149.50-60 ahead of Monday’s London open. In doing so, the cross-currency pair keeps the bounce
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Dollar rises slightly in Asian session today, as markets await non-farm payrolls report from the US. Commodity currencies are generally lower despite to strong rebound in US stocks overnight. As for the week, Swiss Fran and Yen remain the strongest ones followed by Dollar. Aussie and Kiwi are the weakest. We’ll see how NFP would
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Gold prices eased on Thursday hurt by a firmer , as investors assessed how central banks are likely to respond to surging inflation and concerns over economic growth spurred by the new Omicron coronavirus variant. FUNDAMENTALS * Spot gold XAU= fell 0.1% to $1,780.36 per ounce by 0050 GMT. U.S. gold futures GCv1 dropped 0.1%
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WASHINGTON – Northrop Grumman CEO Kathy Warden said the ongoing labor shortage plaguing the nation was a primary focus for America’s defense business. “When I think about the challenges that we all might face going into next year, the labor shortages that we’re seeing are suddenly one that’s top of mind,” Warden told CNBC’s Morgan
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GBP/USD Weekly Forecast: Another dollar surge? US inflation could outweigh Omicron, UK GDP Time to retire “transitory” – these hawkish words by Federal Reserve Chair Jerome Powell when referring to inflation have served as the tiebreaker in favor of the dollar. Fears of the Omicron covid variant have been intermixed with hope that it isn’t
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ISM services PMI index for November prior month 66.7 new orders 69.7 versus 64.0 estimate. Last month 69.7 employment index 56.5 versus 52.2 estimate. Last month 51.6 prices paid 82.3 versus 80.9 estimate. Last month 82.9 business activity 74.6 versus 69.8 in October supplier deliveries 75.7 versus 75.7 last month backlog of orders 65.9 versus 67.3
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Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus
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