GBP/USD pares intraday gains as buyers struggle to keep reins at monthly high. 200-SMA, rising wedge’s support challenge bears amid market’s indecision. Firmer RSI, not overbought, hints at further upside towards recent top. GBP/USD retreats from daily high as bulls take a breather around one-month top heading into Monday’s London open. Even so, the cable
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USDCAD trades below its 50% midpoint The USDCAD moved lower in the early Asian session and in the process broke below its 50% midpoint of the move up from the April 21 low. That level comes in at 1.27677. The price has stayed below that midpoint level since the break. Stay below the 50% retracement
Prior +5.7% Import price index +31.7% vs +32.0% y/y expected Prior +31.2% Import prices in Germany continue to soar as inflation pressures remain widespread. The annual reading is the highest since September 1974 – during the first oil crisis. Energy developments continue to contribute to the high price rise: ADVERTISEMENT – CONTINUE READING BELOW
Gold prices were trading mildly higher on Monday as the weakening US dollar buoyed greenback-priced bullion, although gains were capped by some investors turning to riskier assets in Asia. Federal government offices, stock and bond markets, and the Federal Reserve will be closed on Monday for the Memorial Day holiday in the United States. Gold
Markets are generally in risk-on mode in Asian session today, with rallies in major indexes, oil prices and cryptos. Dollar is extending recent correction and would likely continue further. Yen and Swiss Franc are the next weakest. On the other hand, Australian Dollar is leading New Zealand and Canadian Dollar higher. Euro and Sterling are
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After declining for eight successive weeks, the Dow Jones Industrial Average rebounded sharply last week to finish higher by 6.2%. However, Bitcoin (BTC) has not been able to replicate the performance of the United States equities markets and is threatening to paint a red candle for the ninth week in a row. A positive sign
GBP/USD Weekly Forecast: The pound has room to rise in the NFP week The US dollar’s retracement from two-decade highs alongside a positive shift in risk sentiment emerged as the key catalysts that helped GBP/USD extend its recovery rally. Dip-buying remains the underlying theme for cable traders, as they head into a holiday-shortened US Nonfarm
GBPUSD trades above and below the 50% midpoint The GBPUSD moved up to test the 50% of the move down from the April 21 high yesterday, and broke above that level at 1.2622 early in the Asian session today. The high price also extended above the May 4 high at 1.26373 on its way to
The financial markets were anxious about the US core PCE inflation data. Not only are traders laser focused on inflation but they know the PCE is the “favored” inflation indicator for the Fed. The core PCE declined from 5.2% to 4.9% in April while the headline came in at 6.3% vs 6.6%. Admittedly, that is
Gold in the national capital on Thursday fell by Rs 241 to Rs 50,671 per 10 grams, reflecting a decline in international precious metal prices, according to Securities. In the previous trade, the precious metal settled at Rs 50,912 per 10 grams. Silver, however, grows Rs 87 to Rs 61,384 per kg from Rs 61,297
The Australian dollar extends its weekly rally to two straight weeks, up 1.68%. The AUD/USD rises on positive Australian and US economic data as recession fears wane and expectations for a non-aggressive US Fed. Next week, the US economic docket will be busy and will feature releases of ISM PMIs, Fed speakers, and employment data
NZDUSD breaks higher today The RBNZ raise rates by 50 basis points on Wednesday. On that day, the NZDUSD moved higher extending above the high from Monday’s trade in the process on its way to 0.65135. However buyers turned back to sellers, the price moved back below a swing area between 0.64908 and 0.6499, and
Info comes via Reuters: Russia’s National Settlement Depository (NSD) on Friday successfully paid coupons in foreign currency on two Eurobonds, an NSD representative told Reuters, a move that could mean Russia may have again averted a default. There is more USD debt payments due in June. Russia continues to scramble to cover. ADVERTISEMENT – CONTINUE
Gold traded in a narrow range this week as market players assessed if the recent rise in price is likely to continue or not. Gold tested a 2-week high of near $1870/oz level but ended the week with a marginal 0.5% gain near $1850/oz. Gold benefitted from weakness in the US dollar, lower bond yields,
In this article BBY Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Best Buy reported an increase in second-quarter sales of nearly 20% as consumers purchased electronics to adjust to lifestyle changes related to the ongoing pandemic. Scott Olson | Getty Images Best Buy shares rose early Tuesday, as
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil