NZDUSD test its 100 hour moving average The NZDUSD has moved higher today, helped by hopes for more Chinese stimulus going forward. The earlier move higher did see the pair extend above the 100 hour MA (blue line), but found sellers near a swing area between 0.61909 to 0.61966. The inability to extend higher has
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Interesting remarks from the Chinese Govt on the potential for disastrous flooding in the country As the “critical period” starting in mid-July approaches, officials at all levels needed to “grasp the potential risks”, Zhou Xuewen, vice minister at China’s Ministry of Emergency Management, told a briefing. Across China this year, as many as 487 rivers
India Gold August futures were trading higher on Friday tracking the positive trend seen in the international spot prices as the dollar came slightly off two-decade highs. Despite the pullback, bullion is set to post its biggest weekly drop in more than a month as the elevated greenback hit demand, said a Reuters report. Gold
Overall markets are relatively quiet in Asian session today. There is little reaction to the tragic news that former Japanese Prime Minister Shinzo Abe was shot and gravely injured. Dollar and Yen remain the strongest ones for the week while Euro is the runaway loser, followed by Sterling by a distant. Focuses will now turn
Steel prices have taken a hit on monsoon arrival and the return of lockdown worries in China. Back-to-back resurgence in Covid-19 in China has dented the steel prices. Next week’s US CPI figures will be crucial for steel and base metals. Steel prices are declining firmly as more downside catalysts are adding to the surrendered
Some Voyager Digital account holders were surprised when they discovered that their deposits did not have the protection they thought they did after the crypto brokerage and lender filed for bankruptcy Tuesday. This could mean additional consequences for Voyager Digital. Voyager Digital filed for bankruptcy under Chapter 11, citing debts of up to $10 billion
NASDAQ index back above its 200 hour moving average The NASDAQ index is trading to a new session high. The price just reached 11591.13. The current price is just below that at 11584.67 up 222.84 points or 1.96%. Technically, the price has also moved back above its 200 hour moving average (green line in the
Time flies when you’re back at work. It went so fast that I missed the European equity close. Sharply higher after The European major indices closed sharply higher led by Italy’s FTSE MIB which rose over 3%. The UK FTSE 100 gain of 1.14% after Prime Minister Boris Johnson’s resignation The final numbers are showing:
Gold in the national capital on Thursday slipped by Rs 436 to Rs 50,551 per 10 grams, according to Securities. In the previous trade, the yellow metal had finished at Rs 50,987 per 10 grams. Silver, however, gained Rs 233 to Rs 56,750 per kg from Rs 56,517 in the previous trade. In the international
Sterling recovers today, in particular against Euro and Swiss Franc, after Boris Johnson resigns as UK Prime Minister. But Aussie is so far still the strongest for the day. Euro remains generally weak but Dollar and Yen are also paring some recent gains. For the week, Aussie is the best performer for now, followed by
In this article SSNNF 2330-TW 2303-TW .FKRX300 Samsung shares rose on Thursday, dragging Asian chipmakers higher after the South Korean technology giant posted “better than feared” earnings guidance for the second quarter. The numbers assuaged investors’ concerns about rising inflation, deteriorating consumer demand and higher material costs for semiconductor firms, though analysts cautioned that demand
The yellow metal got bolstered by an upbeat sentiment and a soft US dollar. Gold’s recovery might be short-lived as US Treasury yields rise, a headwind for XAUUSD’s prices. Gold Price Forecast (XAUUSD): Could uptick towards $1760 before continuing to the downside. Gold (XAUUSD) spot bounces off the multi-month lows at around $1730s and grinds
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USD/CAD is at the highs of the day, up 175 pips to 1.3034. That puts the pair within striking distance of the closing high for the year, which was at 1.3037 and set on June 17. That day they pair also set the intraday high at 1.3079. The loonie is the second-best performing G10 currency
This summary of incremental increases in measures against COVID in China is via CNBC: Beijing city announced that starting Monday, most people need to be vaccinated before entering in-person training centers, sports centers, entertainment venues and other social gathering spots. The vaccine requirement comes after a resurgence in new cases in Beijing, Shanghai and other
Gold prices edged up on Thursday, from their multi-month lows hit in the previous session. However, the relief might be temporary, experts warned. An elevated dollar pressurised the safe bullion. Gold futures on were trading higher, gaining 0.29 per cent or Rs 148 at Rs 50,648 per 10 grams. Similarly, silver futures traded were up
The stock markets are starting to display some resilience, despite hawkish FOMC minutes. US stocks managed to close higher after initial selloff. Nikkei is also showing some strength in Asian session. Dollar and Yen are retreating mildly while Aussie and Kiwi are trading higher. As for the week, Euro and Sterling remain the runaway loser,