Oil prices held steady on Monday, pressured by falling stock indexes, but optimism around U.S. stimulus plans and some supply concerns buoyed futures. Brent crude futures remained unchanged at $55.41 a barrel by 11:21 a.m. EST (1621 GMT). U.S. West Texas Intermediate crude fell 13 cents to $52.14 a barrel. Major U.S. stock indexes fell,
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It’s the same old story as Asian markets open in risk-on mode. Commodity currencies strengthen broadly, but led by New Zealand Dollar this time. On the other hand, Swiss Franc, Yen and Dollar are the weaker ones, while Euro and Sterling are mixed. Trading could be subdued today with a thin economic calendar. ECB President
GBP/USD hits fresh session lows, eyes test of 1.3650 as euro slides GBP/USD is being dragged lower by weakness in the euro on Monday. Versus the US dollar, sterling and the euro have a positive correlation, which is unsurprisingly really given that geographical proximity and trade interdependence of the UK and EU (i.e. economic weakness in
Up and down day for the pair The GBPUSD moved higher and away from the 100 hour MA (blue line) at the opening. The move to the upside, reached up and through a swing area between 1.3700 to 1.37088 on it’s way to a topside trend line at 1.37224. The price fell from the trend
Some of the all-time great short squeezes are underway Shares of GameStop are slated to open near $100 today as the epic shortsqueeze combined with a speculative frenzy continues. They were at $4 in August and $20 at the start of the month. The shares have been bid up by retail options traders at WallStreetBets.
Gold prices in the national capital fell Rs 141 to Rs 48,509 per 10 grams on Monday, continuing the previous day’s weakness, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,650 per 10 gram. Silver, however, gained marginally by Rs 43 to Rs 66,019 per kg, from Rs
As European stocks turned south after initial trading, US futures also also dragged down. Overall market sentiments turned mixed after a bright start in Asia. Dollar is recovering mildly but commodity currencies remain the strongest one so far, as led by New Zealand Dollar. There is apparently some pressure on European majors after German Ifo
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FX option expiries for Jan 25 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.2000 563m 1.2230 895m 1.2250 680m – USD/JPY: USD amounts 103.25 380m – AUD/USD: AUD amounts 0.7650 1.4bn 0.7700 520m 0.7750 768m 0.7800 711m – USD/CAD: USD amounts 1.2700 603m 1.2900 536m
Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90. The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally. AAVE/USDT 4-hour
But retesting the MA levels as stocks rebound off the lows The AUDUSD trended lower as stocks headed lower into the NY session. There were also concerns in the Asian market that Hong Kong would impose lockdown restrictions as a result of covid outbreak. The price move to the downside worked it’s way back below
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Iraq, the OPEC’s second-biggest producer will pump around 3.6 million barrels daily in January and February, Bloomberg reported, citing Ali Nizar, the deputy head of State Organization for Marketing of Oil (SOMO). According to data compiled by Bloomberg, Iraq produced around 3.85 million per day in December. The planned oil output cut in January and
In the 2013–2017 period, 29 hacks occurred in the Bitcoin market where a total of 1.1 million Bitcoin were stolen. Noting that the average price for Bitcoin (BTC) in December 2020 exceeded $20,000, the corresponding monetary equivalent of losses is more than $22 billion, which strongly highlights the societal impact of this criminal activity. What
Price is trying to stay above the 100/200 hour MAs Yesterday, the USDCAD moved to in another low going back to 2018 but in the New York afternoon session was able to extend back above a swing area between 1.2623 and 1.26294. In a post yesterday afternoon, I outlined that if the price could stay above that level, there