Dollar tumbles in US session after another huge non-farm payroll miss. On the other hand, Canadian Dollar surges notably after solid employment data. As for the week, the Loonie is now in a pole position to end as the strongest. Yen is still the worst performing, but we’d see if Dollar would over take its
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Bitcoin (BTC) faced stiff resistance near previous highs on Oct. 8 as a fresh push over $56,000 quickly ended. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buying the dip? $53,000 is “logical” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it came off four-month highs of $56,150. The area near $58,000, which had
CAD/JPY trades to its highest levels since early July The pair has been an interesting one to take note of from a technical perspective since August trading and after holding at the lows in late September close to 85.00, buyers have produced quite a stunning bounce higher in recent weeks. The latest shove in the
Inflation worries mount in the UK With the economy already seeing the reopening demand moderate and supply bottlenecks as well as labour shortages weighing, inflation worries are adding to concerns of a further slowdown towards the year-end. This definitely creates a bit of a “toxic” situation for the BOE as they will have to deal
Mumbai: The Securities and Exchange Board of India(Sebi) on Friday barred the National Commodity & Derivatives Exchange Limited (NCDEX) from launching any new mustard seed contract till further orders. The regulator has asked the agricultural commodity exchange not to allow any new position in respect of the running contracts but only squaring up of position.
A South Korean flag, left, and Samsung Electronics flag fly outside the company’s headquarters in Seoul, South Korea, on July 5, 2019. Jean Chung | Bloomberg | Getty Images Samsung Electronics shares edged higher on Friday after the company said its operating profit for the quarter that ended in September was likely 28% higher than
The loonie weakened in the third quarter despite fundamentals that remained relatively constructive for the Canadian economy. Looking ahead, economists at the National Bank of Canada expect the USD/CAD pair to edge lower towards the 1.20 level in the next year. Better days ahead for the loonie “Given that we do not see a significant
Overall markets continue to be rather mixed for now. Commodity currencies rally in Asian session, as led by Aussie, following rebound in the stock markets. On the other hand, Dollar is turning softer again, together with Yen. Euro’s weakness is the more persistent development this week, in particular against other European majors. Trading today might
Up for the third straight day The US major indices are closing higher on the day with the NASDAQ index and the Dow industrial average leading the way with gains near 1%. That’s good news. The not so good news is that the gains were much higher. The Dow industrial average was up 1.62% at
The earlier procedural vote required 60 of the Senators to vote yes, which has been done: The final tally was 61-38. One Senator didn’t vote. Was probably confused about Brexit or something, I dunno. Anyway, now for the final vote in the Senate on the two-month debt limit increase this will avert a default needs
mining stocks have made a lot of money in the past one year, riding on ever increasing spot prices in the international market. Now oil and gas prices have also started surging. This has convinced many in the market that commodities are in a supercycle. However, one domestic mutual fund house believes maybe investors are
Treasury Secretary Janet Yellen on Tuesday said she believes the economy would fall into a recession if Congress fails to address the borrowing limit before an unprecedented default on the U.S. debt. “I do regard Oct. 18 as a deadline. It would be catastrophic to not pay the government’s bills, for us to be in
What you need to know on Friday, October 10: Markets were in a better mood on Thursday, amid news that US Senate majority leader Chuck Schumer announced an agreement on extending the debt ceiling by $408 billion until early December. Also, gas prices declined in Europe, taking off some of the pressure seen these days.
FREE Cryptocurrency trading bots by Pionex 👉 https://bit.ly/3Fq9tcH ************************ In the world of technical analysis, there are 2 types of market that exists, trending markets, and ranging markets. Trending market, is when the price is clearly moving in a definitive direction. Ranging markets on the other hand, is a type of market where the price
Selloff in Euro remains the main theme in slow markets today. Return of risk appetite is also weighing down Dollar and Yen. On the other hand, commodity currencies are generally strong, with Aussie having an upper hand over Kiwi and Loonie. Sterling is mixed for now, partly supported by buying against European majors. While stocks
Terra’s (LUNA) three-month rally saw its token rise by 674%, catapulting LUNA to the ranks of potential so-called “Ethereum killers.” LUNA has been on a tear lately because Terra’s most recent upgrade, Columbus-5, has effectively overhauled its tokenomics and brought significant changes to its technology. LUNA currently sits in fourth place in total value locked
A setback for oil at least in the short-term WTI crude is now down over 2% to $75.50 levels while Brent is also marked down to just below $80 on the day, as the retreat from yesterday continues. The retreat in energy prices is playing some part in all of this as the hype cools
Forex news from the European trading session – 7 October 2021 Headlines: Markets: AUD leads, USD lags on the day European equities higher; S&P 500 futures up 1.0% US 10-year yields flat at 1.525% Gold down 0.1% to $1,760.40 WTI down 1.5% to $76.28 Bitcoin down 1.1% to $54,320 It was a quiet session for