Silver price fails to extend two-day uptrend, eases from intraday top of late. 50-HMA adds strength to the weekly triangle’s support. Hidden bearish RSI divergence teases XAG/USD sellers but break of $18.60 is necessary. Silver price (XAG/USD) remains sidelined around $18.75-80, fading the two-day uptrend during Wednesday’s Asian session as the bright metal trades inside
Month: October 2022
Over the past few years, decentralized autonomous organizations (DAOs) have introduced a clear paradigm shift in blockchain governance. With their community decision-making and adherence to hardcoded rules, they have challenged the role of hierarchy and central authority that are present in modern organizations, especially as it pertains to business. Ideologically, DAOs have a lot in
The strongest to the weakest of the major currencies The NZD is the strongest and the GBP is the weakest as the NA session begins. The GBP moved sharply higher yesterday but has lost some of the steam today as the market digests the actions by the new Chancelor of the Exchequest Jeremy Hunt. There
The major US indices are up for the 2nd consecutive day. Yesterday, the NASDAQ index soared by 3.43%. The S&P index increase by 2.65%. Today the border indices are tacking on additional gains of 2.25% or more. A snapshot of the market currently shows Dow industrial average up 605 points or 2.0% at 30785 S&P
In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT A worker arranges boxes of Hasbro board games on a shelf at a Target Corp. location in Emeryville, California. David Paul Morris | Bloomberg | Getty Images Hasbro reported third-quarter earnings Tuesday morning that fell short of analysts’ expectations as inflation weighed on consumers and
Gold prices in the national capital fell Rs 10 to Rs 50,783 per 10 grams on Tuesday amid appreciation in rupee, according to Securities. In the previous trade, the precious metal had closed at Rs 50,793 per 10 grams. Silver, however, climbed Rs 774 to Rs 57,064 per kilogram from Rs 56,290 per kg. The
Japan appeared to have intervene in the currency markets again today. But USD/JPY is holding its head up, staying resilient around 32-year high. Both Dollar and Yen are among the worst as the financial markets are basically trading with solid risk-on sentiment. New Zealand and Australian Dollar ride on such sentiment and are the strongest
GBP/USD weakens as it fades an uptick above 1.1400. Economists at Scotiabank expect the pair to slump to the mid-1.11s on failure to hold support in the upper 1.12s. Resistance aligns at the 1.1340/50 area “Intraday support in the upper 1.12s is coming under pressure. Below here, cable risks dipping back to the mid-1.11s.” “Resistance
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The major US indices are ending the day with sharp gains. The moves to the upside in the major indices erased the sharp declines from Friday. A lower dollar, and steady to lower yields helped the tone. A shift in some of the technicals are also a help. S&P is back above the 200 week
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NEW DELHI: Gold prices rose on Monday, supported by technical trading after the previous session’s steep fall and a pause in the dollar rally. However, an impending oversized rate hike by the US Federal Reserve limited bullion’s appeal. A “hotter-than-expected” September inflation report doesn’t necessarily mean the US central bank needs to raise rates higher
Sterling is trading as the strongest one for today so far, even though there is not clear follow through buying except versus Yen. The Pound is supported by UK Finance Minister Jeremy Hunt’s decision that the government will reverse “almost all” the tax measures in the Growth Plan announced just three weeks ago. Yen’s decline
USD/JPY is aiming to kiss the 150.00 despite the upbeat market mood. The odds for BOJ’s intervention are getting air as the USD/JPY is advancing despite the vulnerable DXY. Japan’s exports would accelerate amid overall weakness in the Japanese yen. The USD/JPY pair is hovering around the immediate hurdle of 149.00 in the Tokyo session.
The lack of crypto regulation in the United States has long complicated the lives of users and service providers, and now a judge has acknowledged the pain the judiciary also feels from its absence. Chief United States Bankruptcy Judge Martin Glenn, the judge who is leading the Celsius case, said the court will look abroad
The USD is trading to new session lows to start the US trading session. US stocks are higher and rebounding off of the sharp declines on Friday. Yields are lower. EURUSD : The EURUSD is moving above its 200 hour moving average for the 2nd time today. Buyers are making a play. Risk is a
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