Gold prices inched higher on Monday as a subdued dollar and lower bond yields amid a mixed bag of U.S. labour data allayed investor concerns about a faster policy tightening, helping the metal rise towards the $1,800 level once again. Spot gold was up 0.2% at $1,790.70 per ounce by 10:31 am EDT (1431 GMT),
Overall, the forex markets are relatively mixed today and trading will probably continue to be subdued with US on holiday. Sterling is currently the stronger one, followed by Yen and Aussie. Canadian is the weakest, followed by Kiwi and then Swiss. Eurozone is mixed despite strong investor sentiment data. But all major pairs and crosses
Gold remains on track to close the fourth straight day in the positive territory. Next key resistance for XAU/USD is located at $1,800. Gold could lose its bullish momentum if sellers drag the price below 100-day SMA. Following the decisive rebound witnessed in the second half of the previous week, XAU/USD continued to edge higher
As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading. Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, co-founder Oleg Gorokhovsky announced Monday. According to the executive, the new integration will enable Monobank users to
Latest data released by Sentix – 5 July 2021 Investor morale is seen improving to start 2H 2021 as economic conditions in the region pick up ahead of the summer, with the services sector in particular showing a marked improvement as virus restrictions are loosened. Sentix notes that: “The massive investments by member states, supported
The CAD is the strongest The USD is now the weakest of the major currencies. The CAD remains the strongest. The greenback is trading to new session lows verse the GBP, CHF, CAD, AUD and NZD. The pair is just off it’s session low vs the JPY. The EUR and USD are battling it out for the weakest of
Prices of copper, often used as a gauge of global economic health, advanced on Monday on hopes of stronger demand for metals and amid a sustained US economic recovery after data showed an acceleration in hiring in the world’s biggest economy. Three-month copper on the London Metal Exchange was up 0.5% at $9,427.50 a tonne,
Important decisions will be made at this week’s RBA meeting. All monetary policy measures would remain unchanged. Yet, as indicated in June, policymakers would discuss on the format of QE purchases after completion of the current tranche in September, and the maturity of bonds in yield curve control. While the overall tone of the meeting
U.S. President Joe Biden delivers remarks highlighting the benefits of Bipartisan Infrastructure Framework, at La Crosse Municipal Transit Utility, in La Crosse, Wisconsin, U.S., June 29, 2021. Kevin Lamarque | Reuters Halfway through 2021, and about six months into the Biden administration, the U.S. economy has by many metrics made a full recovery from the
Gold price takes a breather after the recent rally, as focus shifts to Fed minutes. In the view of FXStreet’s Dhwani Mehta, XAU/USD is set to eye further upside above the $1795-$1797 region. Investors reassess Fed’s hawkish moves “Gold price is struggling below the 100-DMA barrier at $1790 this Monday, partly lagged by the broad-based
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A Vitol executive speaking over the weekend, said that the 400K barrel per month (through to the end of this year) increase in supply being proposed by OPEC+ is insufficient to hold prices from rising. “There is very little doubt, that whatever OPEC agrees by way of lessening of the cutbacks it will surely ….
New highs for the EURUSD The EUR lagged other currencies in making new lows vs the USD, but the EURUSD has just moved to a new high (new dollar low). The pair traded to a new high of 1.18602, taking out the earlier high at 1.18588. The next targets comes against the 38.2% retracement of the move
Petrol neared Rs 100 mark in the national capital as prices were hiked by 35 paise on Sunday. Oil Marketing Companies hiked prices on Sunday after keeping them unchanged for a day. Petrol is selling at Rs 99.51 per litre in Delhi while diesel is priced at Rs 89.36. In the other key cities too
Initial filings for unemployment insurance fell sharply last week, indicating continued improvement in the U.S. jobs market, the Labor Department reported Thursday. First-time jobless claims totaled 364,000 for the week ended June 26, compared with the 390,000 Dow Jones estimate. That marked a new pandemic-era low and a decline of 51,000 from the previous week.
CareDx, CrowdStrike, Fate, Therapeutics, HDFC Bank, Spotify Elliott Wave Technical Analysis: Elliottician is Alessio Barretta TradingLounge CareDx Inc.,CDNA: Daily Chart, We were expecting an incoming wave 4. CrowdStrike Inc.,CRWD: Daily Chart, we were expecting further upside to continue wave iii) Fate Therapeutics IncFATE: Daily Chart, We were expecting a resumption of the trend to start wave iii) HDFC