President Joe Biden talks to reporters on the South Lawn of the White House, in Washington, U.S., March 14, 2021. Cheriss May | Reuters President Joe Biden said Monday that he is not worried that a plan to increase corporate America’s tax bill would dampen the U.S. economy as it emerges from the Covid-19 pandemic.
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Gold looks for acceptance above 200-SMA at $1736 on the 4H chart. The RSI stay well above the midline, allowing more gains. US dollar weakness to aid the recovery momentum in XAU/USD. Gold (XAU/USD) is bracing for another leg to the upside, as the bulls look to extend the recovery from three-week troughs of $1677. The
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In the last two months, the number of cryptocurrencies with a $1 billion market cap has doubled since the last time Cointelegraph reported on the milestone. As things currently stand, there are 100 projects that have reached a $1 billion market capitalization. Unicorns are typically privately held startup companies valued at more than $1 billion,
Markit services PMI Prelim was 60.0 Prior was 59.8 New orders hit a six-year high Rates of input cost and output charge inflation reached fresh record peaks (since 2009) Here’s the commentary on prices in the release: On the price front, input costs soared in March. The rate of inflation accelerated to the fastest since
Quiet Easter Monday trading in Europe. US markets to fully reopen after Good Friday holiday As traders return to the US after the Good Friday weekend (European traders are off for Easter Monday holiday), the CAD is the strongest and the EUR is the weakest. The USD is mostly lower but with modest declines vs
NEW DELHI: Gold prices on Monday rose by Rs 13 to Rs 45,431 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 13, or 0.03 per cent, at Rs 45,431 per 10 gram in
Sterling rises together with commodity currencies today. Trading has been rather subdued with most markets closed. But activities should come back to life in US session. US futures point to sharply higher open with DOW likely to ride on the sentiment to extend recent record runs. Euro and Dollar are currently the weakest ones, followed
US ISM Non-Manufacturing PMI Overview The Institute of Supply Management (ISM) will release the Non-Manufacturing Purchasing Managers’ Index (PMI) – also known as the ISM Services PMI at 14:00 GMT this Wednesday. The gauge is expected to edge higher to 58.5 in March from 55.3 previous. The employment sub-component is also expected to have risen
Good morning/afternoon/evening and welcome to Monday! Its a market holiday in New Zealand and Australia today and across most of Europe and the UK which will thin trading out. Hong Kong, Singapore, Japan and China are in. I’ll be popping in from time to time before back to normal on Tuesday. On the data calendar
100 hour moving average, 100 day moving average and 200 hour moving average tested on the AUDUSD. The AUDUSD is down trading at new session highs after erasing earlier declines that saw the pair move to the lowest level since December 2020. The rise has now taken the price up to a cluster of moving average levels including the 100
LONDON/DUBAI: OPEC+ will debate two key options for oil policies from May and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said. The Organization of the Petroleum Exporting Countries (OPEC) and allied producers, a grouping known as OPEC+, are cutting output by a little more than 7
Gold’s double-bottom reversal on the 1D chart to meet strong offers at $1736. The RSI stays below the midline, pointing to the limited upside. Risk-on mood persists amid Easter Monday trading, eyes on US ISM Services. Gold (XAU/USD) is struggling to extend its last week’s recovery on Easter Monday, as outstanding US NFP data-induced risk-on
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