Canadian Dollar jumps broadly today, following upside breakout in oil price, and partly supported by solid GDP growth data. Australian Dollar is following as the second strongest, while Dollar is also rebounding. On the other hand, Sterling reversed earlier rallies after failing to sustain above a key resistance against Dollar. Subsequent selloff sends the Pound
The gold price was in the hands of the bears in London following an initial spike to score fresh highs at $1,916.61 as per XAU/USD. Gold ended the North American session down 0.35% resting around the 50% mean reversion mark of the latest daily bullish impulse at $1,899 and slightly higher than the lows for
Cryptocurrency investment manager ETC Group is expanding its Bitcoin (BTC) exchange-traded product offering in the United Kingdom after harnessing Swiss market rules to bypass more stringent British regulations. The ETC Group Physical Bitcoin ETP, which trades under the ticker symbol BTCE, will begin trading on the Aquis Exchange in London and Paris on June 7,
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GBP/USD falls from 1.4220-30 to a low of 1.4185 on the session Invest in yourself. See our forex education hub. This comes with the greenback also erasing losses against the euro, yen, franc and kiwi on the day. Even the aussie is back to its post-RBA levels now with AUD/USD at 0.7740. The turn for
NEW DELHI: Gold prices on Tuesday traded near a five-month high scaled last week, supported by a softer dollar and growing inflationary pressures. The precious metals extended gains in domestic markets on the back of mixed cues. Investors awaited key US data that will provide a clearer picture on the global economy’s recovery path. Market
As expected, the RBA left all monetary policy measures unchanged in June. Policymakers maintained a dovish tone, suggesting no rate hike at least until 2024. They also affirmed that some adjustments to the monetary policy would be made in July. On economic developments, while reiterating the “strong” growth outlook in 2021 and 2022, the central
USD/JPY attracted some dip-buying on Tuesday and stalled its recent corrective slide. The safe-haven JPY was weighed down by the prevalent risk-on mood, COVID-19 jitters. An uptick in the US bond yields remained supportive’ sustained USD selling capped gains. The USD/JPY pair managed to recover over 35 pips from multi-day lows and climbed to fresh
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China – Caixin/Markit Manufacturing PMI for May in line at 52.0 Key findings cited in the report: Total new business rises solidly, supported by stronger export sales Production growth softens slightly due to supply chain strain Staffing levels broadly stable as companies face steep rise in costs
WTI up 1% on the day Oil has climbed above the May highs and yesterday closed at the highest since 2018. The March high of $67.98 is now in range. The was a report yesterday that OPEC+ would stick to the script through July at Tuesday’s meeting but there’s a big question mark about what
NEW DELHI: Gold rose by Rs 195 to Rs 48,608 per 10 gram in the national capital on Monday following a gain in the precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,413 per 10 gram. Silver dipped marginally by Rs 15 to Rs 70,521 per kilogram
Trading continue to be relatively subdued as US and UK are both on holiday. Sterling is mildly softer, followed by Dollar, and Swiss Franc. On the other hand, Australian Dollar is strengthening mildly, ahead of RBA rate decision in the upcoming Asian session. It’s highly unlikely for the central bank to alter the forward guidance
AUD/NZD is attempting to correct from a strong daily bearish impulse. Traders will be tuned into the RBA event today. AUDNZD is flat at the start of the Asian day near 1.0640 trading between a low of 1.0621 and 1.0648 following a thin market overnight with the US and UK closed for public holidays. The
Bitcoin (BTC) is at risk of a “flippening” from Ethereum (ETH), mainstream media claims as some familiar “FUD” returns to the spotlight. As BTC/USD continues to flag below $40,000, an old argument has resurfaced — but major investors are fighting back. Bloomberg: ETH “will likely exceed Bitcoin” In an article on May 31, Bloomberg cited
Canada Q1 current account balance +$1.18B vs +$2.50B expected Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Canada current account data Prior was -$7.26B This was the first surplus since the third quarter of 2008 Trade in goods and services balance recorded a $2.1 billion surplus in the first quarter,