Euro drops broadly today following sharp decline in Germany ZEW economic sentiment. Swiss Franc is following down closely too. On the other hand, New Zealand Dollar remains the strongest on RBNZ rate speculations while Australian Dollar follows as support by RBA tapering. Yen and Dollar are mixed, together with Sterling. European stocks are trading mildly
admin
EUR/JPY bears taking control at the start of the week. Bears seeking a downside test deeper into daily support. EUR/JPY has been pressured at the start of the week with the price falling from the upper 131 area to take out the late June support structure in the 131.20s. The price has gone on to
Bithumb’s Hong Kong affiliates are reportedly facing a civil suit for breach of contract. According to a Tuesday report by the Korea Times, the suit is being initiated by a former Bithumb partner in Thailand, which is accusing the South Korean-headquartered exchange of unilaterally halting its business in Thailand and causing major losses. The Thai
Latest data released by Markit/CIPS – 6 July 2021 Of note, construction output growth hits a 24-year high in June with the recovery led by house building and commercial work. Overall construction activity climbed by its quickest pace since June 1997 with new orders also rising sharply. That said, input price inflation is observed to
The dollar eases across the board EUR/USD has moved up to a high of 1.1894, testing its 200-hour moving average @ 1.1893 currently as we are seeing the dollar give up some ground to start European trading. GBP/USD is nearing 1.3900 while AUD/USD has moved up to close in on a test of the 0.7600
By Saket Sundria and Sharon Cho The breakdown of OPEC+’s meeting on production levels has left the oil market in limbo. The immediate consequence is that an expected increase in output in August now likely won’t happen, leaving the world short of barrels as the economic recovery gathers pace. The lack of unity within the
As widely anticipated, the RBA announced some changes in the monetary policy. The overall tone of the meeting and the policy statement is upbeat about the economic recovery while cautious over the uncertainty and subdued inflation. Policymakers remain optimistic over economic developments. As noted in the meeting, “the outlook for investment has improved and household
FX option expiries for July 6 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1840-50 718m 1.1865-70 1.2b 1.1875-80 944m 1.1900-05 1.5b – USD/JPY: USD amounts 109.65-70 2.8b 110.70-75 609m 111.00 2.1b 111.20 715m 111.95/112.00 823m – AUD/USD: AUD amounts 0.7330 409m 0.7620 509m – USD/CAD: USD amounts 1.2400
Forex trading using a simple gartly setup. Sclap trade http://www.forexclassmate.com trading system.
#LIVEINTRADAYTRADING #NIFTY #BANKNIFTY Banknifty Auto Buy Sell indicator and CPR trading for 50-80-100 points using Stop loss,Trailing Stop loss .Beginners can easily take trade using this strategy for 50-8-100 points. Do the back test then trade . NSE intraday Strategy for 50 – 80 – 100 points. _________________________________________________________________________________________ Youtube Join Link: https://www.youtube.com/channel/UCQ9pSq2rZeeG3zv0iugAJiQ/join Astha Trade :
The NZIER Quarterly Survey of Business Opinion (QSBO) is a closely watched NZ economic indicator From the New Zealand Institute of Economic Research Capacity utilisation is higher, coming in at 94.9% vs. 93.8% in Q1. Net 10% of businesses expect an improvement in the economic outlook on a seasonally adjusted basis from the previous quarter
OPEC+ news sends the pair higher The price of crude oil has pushed to a new cycle high above the $76.20 high from Thursday’s trade. The price reached $76.31. That takes the price to the highest level since October 3, 2018 when the high reached $76.88. A move above that level would November 21, 2014.
Gold prices inched higher on Monday as a subdued dollar and lower bond yields amid a mixed bag of U.S. labour data allayed investor concerns about a faster policy tightening, helping the metal rise towards the $1,800 level once again. Spot gold was up 0.2% at $1,790.70 per ounce by 10:31 am EDT (1431 GMT),
Overall, the forex markets are relatively mixed today and trading will probably continue to be subdued with US on holiday. Sterling is currently the stronger one, followed by Yen and Aussie. Canadian is the weakest, followed by Kiwi and then Swiss. Eurozone is mixed despite strong investor sentiment data. But all major pairs and crosses
Gold remains on track to close the fourth straight day in the positive territory. Next key resistance for XAU/USD is located at $1,800. Gold could lose its bullish momentum if sellers drag the price below 100-day SMA. Following the decisive rebound witnessed in the second half of the previous week, XAU/USD continued to edge higher
As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading. Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, co-founder Oleg Gorokhovsky announced Monday. According to the executive, the new integration will enable Monobank users to
Latest data released by Sentix – 5 July 2021 Investor morale is seen improving to start 2H 2021 as economic conditions in the region pick up ahead of the summer, with the services sector in particular showing a marked improvement as virus restrictions are loosened. Sentix notes that: “The massive investments by member states, supported
The CAD is the strongest The USD is now the weakest of the major currencies. The CAD remains the strongest. The greenback is trading to new session lows verse the GBP, CHF, CAD, AUD and NZD. The pair is just off it’s session low vs the JPY. The EUR and USD are battling it out for the weakest of