Yen trades mildly lower today, as Asian markets recover despite the steep fall in US overnight. Swiss Franc and Dollar are also soft. On the other hand, commodity currencies are all recovering mildly, but momentum is weak. Overall, the forex markets are still hesitating to break out from recent range, with the exception of Canadian
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There’s still much uncertainty on how omicron is going to play out but the general line of thinking now is that things won’t be as bad as last year. However, there is some room for caution as vaccines are seemingly less effective and the virus strain is more highly transmissible. So, how does all of
GBPUSD on the weekly chart The GBPUSD closed the 2020 year at 1.3662, and spent the first 37 trading days working its way to the upside. A swing high was reached on February 24 at 1.4240 (578 pip from the year end close), before correcting down to 1.3668 at the end of March and early
New Delhi: Gold price in the national capital on Friday gained Rs 57 to Rs 47,263 per 10 gram tracking firm international trends, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,206 per 10 gram. “Spot gold prices for 24 carat at Delhi were trading up by Rs 57
GBP/USD lacked any firm directional bias and seesawed between tepid gains/minor losses. Receding Omicron fears acted as a tailwind for sterling and extended some support. Traders seemed reluctant to place aggressive bets amid the end-of-year thin liquidity. The GBP/USD pair refreshed a daily high in the last hour, albeit quickly retreating a few pips thereafter, and
Bitcoin (BTC) whales are the center of attention again this week as large transactions flow back to exchanges. Data from on-chain analytics platform CryptoQuant on Dec. 24 shows that relatively, whales are increasing their presence as potential sellers. Action stations as Bitcoin climbs to $51,000 According to CryptoQuant’s Exchange Whale Ratio indicator, the proportion of
China is going against the global tide of normalization of monetary policy. The PBOC announced to cut the one-year loan prime rate (LPR) by -5 bps to 3.8%, first time April 2020. This, together with the reduction in RRR and increase RRR on foreign currencies earlier this month, indicates that the country’s economic recovery is
> Forexlive Asia-Pacific FX news wrap for Friday 24 December 2021 Session wrap Forex news for Asian trading on Dec 24, 2021 Just the bullet-point links to the headlines today folks. Not a lot of major rate forex movement of note. Merry Christmas to all! The Japanese CPI figures for November showed once again CPI
The GBPUSD has trended lower in 2021 The EURUSD has seen the price move down in 2021. In fact the high for the week was reached in the first week of the year (on January 6) at 1.23488. The low for the week was reached toward the end of November at 1.11853 (on November 24).
TOKYO: Oil prices fell on Friday in thin, holiday trade after a three-day rally, with investors trying to gauge the Omicron coronavirus variant’s impact on demand. Brent crude futures slid 29 cents, or 0.4%, to $76.56 a barrel by 0205 GMT, following a 2.1% gain in the previous session. The benchmark was still on track
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Australia finally matched market expectations of shortening the gap between two vaccine doses and a booster, after staying silent over the move in Wednesday’s cabinet meeting. Australia Health Minister Greg Hunt took the honor to announce the same on early Friday morning in the Asia-Pacific zone. It’s worth noting that the previous gap between the
Sterling’s rally picks up some strong momentum in pre-holiday trading. Meanwhile, overall steady to risk-on sentiment is also lifting Aussie and other commodity currencies. On the other hand, Euro is under tremendous pressure, thanks to selloff against the Pound. Dollar, Yen and Swiss Franc are also soft, with the greenback shrugging off strong PCE inflation
New home sales 0.744M in November US November new home sales 0.774M versus 0.777M estimate The new home sales jumped 12.4% above the October revised level of 0.662M new home sales year on year is down -14% vs November 2020 (865,000) new houses for sale 402,000 median sales price $416,900 the average sale price came
NZDUSD trades between swing areas on the hourly chart The NZDUSD has been trading in an up and down trading range today after the sharp rise higher yesterday. The price action has been mostly center between the lower swing area between 0.6798 and 0.6806 and a higher swing area between 0.6833 and 0.6838. There have
New Delhi: Gold in the national capital on Thursday gained Rs 140 to Rs 47,268 per 10 gram in line with strong international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,128 per 10 gram. Silver also jumped Rs 290 to Rs 61,099 per kg from
A combination of factors pushed GBP/JPY higher for the third successive day on Thursday. Receding Omicron fears turned out to be a key factor behind the sterling’s outperformance. The risk-on mood undermined the safe-haven JPY and remained supportive of the move up. The GBP/JPY cross continued scaling higher through the first half of the European