Risk aversion seems to have eased a bit today, with recoveries seen in European markets and US futures. Yen and Dollar have both turned into sideway consolidations. But no clear support is seen in Aussie and New Zealand, as both remain under pressured. Meanwhile, Swiss Franc and Canadian Dollar are taking the lead and strengthen
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Nonfungible tokens (NFT) dominated crypto and mainstream media headlines all throughout 2021 as investors who held CryptoPunks and other projects minted prior to 2018 were finally rewarded for their patience. Meanwhile, newer projects like the Bored Ape Yacht Club and Art Blocks Curated saw some of their rarer pieces sell for millions of dollars. Despite
The pair remained below its 100 hour moving average on the corrective move higher The EURUSD is testing a lower swing area near 1.1721 and 1.17264. The move to the downside has nearly retraced the earlier session lows which came in just below that swing area at 1.17177. The earlier move to the upside today peaked at 1.1748. The low from
Back and forth trading in oil today WTI crude oil came into US trading at the highs of the day near $71.60 but fell sharply as sentiment deteriorated in early equity trading, dropping to $69.67 and briefly touching below yesterday’s low. Crude steadied from there and returned to $70.51. The daily chart is comfortably within
New Delhi: Gold in the national capital on Tuesday was marginally down by Rs 3 to Rs 45,258 per 10 grams inline with weak global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,261 per 10 grams. Silver gained Rs 40 to
WTI reversed its direction after rising earlier in the day. UAE sees no need for OPEC to revise output strategy. Investors await API’s Weekly Crude Oil Stock data. After losing nearly 2% on Monday, crude oil prices staged a rebound in the first half of the day on Tuesday with the barrel of West Texas
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Risk sentiment appears to have stabilized in Asia a bit. The steep fall in Nikkei was just a post-holiday catch up. Yen and Swiss Franc are digesting gains but remain the strongest for the week. Sterling is indeed the worst performing so far, worse than even commodity currencies. Selling in European crosses is clearly weighing
The S&P 500 fell to test its 100-day moving average for the first time since October last year Invest in yourself. See our forex education hub. It was one of the worst fall in months for US equities but at the end of the day, the S&P 500 managed to cling on and hold off
UK business secretary, Kwasi Kwarteng, repeats the call that the government will not be rewarding failure Should not be throwing taxpayers’ money at companies that have been badly run People should be able to find energy pricing which is very much in-line with their old tariff when a company goes bust This is a more
NEW DELHI: Gold prices were trading little changed on Tuesday, holding recovery gains of the previous session. Investors adopted a risk-averse stance ahead of the US Federal Reserve’s policy meeting. Gold futures on MCX were marginally down 0.16 per cent, or Rs 73, at Rs 46,205 per 10 gram. Silver futures were flat, down merely
GBP/USD is poised to reach the 1.3622 55-week moving average. Below here lies the 1.3571 July low. Further falls are set to be seen on a failure to hold above this level, according to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank. One-month highs at 1.3893/1.3914 provide overhead resistance “GBP/USD is poised to
Markets are generally in deep risk-off mode today, as China property fears spread from Hong Kong stocks to European to US. Yen remains the strongest one as rally extends, which Swiss Franc is trying to catch up. Dollar is is losing some ground but stays much better than others. Canadian Dollar is currently the worst
The cryptocurrency market faced a fresh round of selling on Sept. 20 as global financial markets fell under pressure thanks to fears surrounding the potential default of Evergrande Group, a China-based real estate company whose collapse could send ripples across equities markets. Data from Cointelegraph Markets Pro and TradingView shows that the early morning sell-off in Bitcoin
Cable down a full cent It’s going from bad to worse with the S&P 500 now down 107 points and breaking the 100-day moving average. The negativity is weighing on cable as it hits a new low of 1.3641, down a full cent on the day. It’s a marginal new low as the FX market
18% of production still shut in and could be for awhile The BSEE reports that 18.19% of US gulf oil production remain shut in, or 331,000 barrels per day. That’s steadily improved in the past week following the reopen of Port Fourchon. The bad news is that Shell revealed today that its WD-143 ‘A’ platform