High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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KUALA LUMPUR: Malaysian palm oil futures hit a one-week high in their second consecutive day of gains on Tuesday, as industry surveys pointed to tightening November production and inventory. The benchmark palm contract for February delivery on the Bursa Malaysia Derivatives Exchange gained 146 ringgit, or 3.07%, to 4,896 ringgit ($1,157.72) a tonne by the
The bearish grip is still intact on the yellow metal. As FXStreet’s Dhwani Mehta notes, risks remain skewed to the downside amid ebbing Omicron fears. Risk-on mood at full steam amid easing Omicron fears “The risk-on flows remain in vogue, as China continues to pledge support measures to stimulate economic growth while global scientists and
The RBA is widely expected to leave the cash rate unchanged at 0.1%. Given the mixed economic data flow since the last meeting, the uncertainty of the Omicron variant and the scheduled discussion about asset purchases in February, policymakers would stand pat at the upcoming meeting. They would also reinstate that a rate hike next
Markets are misbehaving… The markets are misbehaving. The market broke after Texas reported a surge in hospitalizations, but the pattern being developed that it will take more than a region to bother the markets. Moreover, the hope regarding coronavirus now in the US is just plow through it. If you are vulnerable, take care of
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
New Delhi: The bullion market saw a swift recovery ahead of the festive season in India and the prices of precious metals rallied. However, the bullion has eased after the festive euphoria fizzled out. The prices of spot silver have declined more than Rs 6,000 per kilogram after November 15, the month’s high. The white
In this article MDB Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC Shares of database software maker MongoDB were up as much as 18% in extended trading on Monday after issuing fiscal third-quarter results. Here’s how the company did: Earnings: Loss of 11 cents per share, adjusted, vs. a loss of 38 cents per
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The white-metal drops as the US 10-year bond yield rise nearly six basis points, underpinning the greenback. The US Dollar Index, which measures the buck’s performance against six rivals, advances almost 0.25%. XAG/USD 1-hour chart has a downward bias, as shown by hourly simple moving averages (SMA’s) residing above the price. Silver (XAG/USD) retreats from
Major derivatives marketplace Chicago Mercantile Exchange Group has expanded its crypto offerings to include a micro Ether futures product. In a Monday announcement, the CME Group said it had launched a micro Ether (ETH) futures contract sized at 0.1 ETH, giving institutional and individual traders another product for Ether exposure. The cash-settled micro ETH derivatives
Major currencies remain largely in range against each other in quiet trading today. Australian Dollar continues to lead other commodity currencies to recover. But Aussie’s recovery could be short-lived if RBA delivers some unexpected dovish surprise in the coming Asian session. Meanwhile, Swiss Franc is turning notably weaker, followed by Yen and then Euro and
EUR/USD falls back below the 25 February high to a low of 1.2233 The euro is struggling to build on upside momentum today and part of that reason may owe to a bit of mixed commentary by the ECB as of late. Panetta’s comments here isn’t getting much attention but it is worth taking note
New Delhi: Gold in the national capital on Monday gained Rs 29 to Rs 46,974 per 10 gram supported by rupee depreciation despite weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,945 per 10 gram. Silver, however, dipped Rs 149 to Rs 60,137 per
GBP/JPY struggles to keep corrective pullback from 11-week lows. Bearish MACD signals, sustained trading below previous support keeps sellers hopeful. Weekly resistance, 10-DMA add to the upside filters. GBP/JPY buyers battle short-term key resistance, previous support, while taking rounds to 149.50-60 ahead of Monday’s London open. In doing so, the cross-currency pair keeps the bounce
Binance CEO Changpeng Zhao said the exchange is planning to expand to the U.K. in the next six to 18 months, despite being instructed by the country’s regulator to cease trading earlier this year. The U.K.’s Financial Conduct Authority (FCA) revoked Binance’s ability to trade in Britain in June, amid a sweeping regulatory crackdown on
Dollar rises slightly in Asian session today, as markets await non-farm payrolls report from the US. Commodity currencies are generally lower despite to strong rebound in US stocks overnight. As for the week, Swiss Fran and Yen remain the strongest ones followed by Dollar. Aussie and Kiwi are the weakest. We’ll see how NFP would