New Zealand Dollar trades mildly lower together with commodity currencies in quiet Asian session. Overall markets are mixed as Japan and Hong Kong stocks head lower, decoupling from the strong rebound in the US overnight. Dollar appears to be supported by the rise in treasury yields, with 10-year yield back above 1.5 handle. Yen is
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The regulators are closing in. It’s one thing to unbundle market functions to their parts ― custody, aggregators and Prime Brokerage ― to satisfy institutional compliance departments. It’s another to keep regulators happy. From the Financial Action Task Force pushing forward with its guidance for Travel Rule compliance to the still-evolving European Markets in Crypto-Assets
The post employment low price is also being retested The GBPUSD whicch stalled ahead of its 50% retracement of the move down from the September high and above the rising 100 hour moving average, has returned back down toward the lower extreme (at the 100 hour MA). That moving averages currently at 1.3604. The price just reached 1.36102. The swing
An extract from ABN Amro on gold, analysts looking for USD1700 by the end of this year and USD1500 at end 2022. Citing 3 reasons. 1. Tighter global monetary policy ahead: Fed to start hiking early 2023 Bank of England and Bank of Canada to probably hike before then ECB, Bank of Japan, Reserve Bank
NEW DELHI: Gold prices edged higher on Friday but were stuck in a narrow range. Investors moved to the sidelines ahead of a US payrolls report that is expected to provide clues on the Federal Reserve’s tapering timeline. Gold futures on MCX were higher 0.16 per cent, or Rs 75, at Rs 46,902 per 10
Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Lael Brainard‘s increased influence ahead likely means substantial changes and challenges for the nation’s banking system. Considered a
Silver remains on the recovery mode, reversing late Friday’s pullback. Sustained break of 100-SMA, firmer RSI favor bulls. Three-week-old horizontal area, 200-SMA become strong resistances to watch. Silver (XAG/USD) begins the trading week with an uptick to near $22.70. The bright metal poked the highest levels since mid-September the previous day before easing from $23.20.
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Yen was once again sold off broadly last week, following late rally in treasury yields despite disappointing US job report. Resilience in overall risk appetite also kept the Japanese currency pressured. Meanwhile, Euro followed as as distant second worst on selloff in crosses, as well as Dollar. New Zealand Dollar’s weakness was a surprise as
What’s next for the euro? Bank of America Global Research discusses EUR/USD technical outlook and sees a scope for a move towards 1.1495, ahead of 1.13s. “Euro has declined and broken below 4Q20 supports at 1.1603. Our modest bear case scenario estimates downside euro levels of 1.1495, 1.13s and possibly 1.1290. Should the decline accelerate
This of course follows along from the stink caused by Australia agreeing to buy US nuclear submarines and tear up its contract with France for diesel subs. Part of the new AUKUS agreement. US to sell 12 Sikorsky Romeo Seahawk helicopters to Australia will eventually replace the Australian Navy’s 6 Airbus-made MRH-90s Australia’s navy already
Petrol and diesel prices were hiked across India for the sixth consecutive day on Sunday. In Delhi, the petrol prices were hiked by 30 paise per litre, taking it to Rs 104.14, while diesel prices in the national capital have gone up to Rs 92.82 per litre with the hike in price by Rs 0.35.
The U.S. economy created jobs at a much slower-than-expected pace in September, a pessimistic sign about the state of the economy though the total was held back substantially by a sharp drop in government employment. Nonfarm payrolls rose by just 194,000 in the month, compared with the Dow Jones estimate of 500,000, the Labor Department
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 Indian crypto exchange CoinSwitch Kuber raises $260M Indian crypto exchange
Up $1.05 or 1.34% The price of WTI crude oil futures are settling the day at $79.35. That’s up $1.05 or 1.34%. The high for the day reached $80.11. The low for the day extended to $78.63. A week ago, the price settled at $75.88. With the price settling at $79.35 that’s a gain of 4.57% for
China has flagged banning private capital from news reporting and distribution. Part of China’s crackdown on … everything? The National Development and Reform Commission of the People’s Republic of China (NDRC) published a proposal late Friday: Seeking to bar private investments in the establishment and operation of news outlets also will not be permitted to