New highs as London/European traders look to exit The EURUSD is trading to a new session highs and in the process has broken above the April high of 1.2149 and trades the highest level since February 26. The next targets comes at 1.2169 and 1.2189. Looking at the daily chart, the pair has also moved into a swing area
NEW DELHI: Copper prices on Friday traded up by 0.77 per cent at Rs 776.55 per kg in the futures market on the back of a pick-up in the spot demand. On the Multi Commodity Exchange, copper contracts for delivery in May traded higher by Rs 5.90, or 0.77 per cent, at Rs 776.55 per
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s exports surged more than expected in April as global demand for Chinese goods remained elevated amid countries’ varying stages of dealing with the coronavirus pandemic. U.S. dollar-denominated exports rose 32.3% in April from a year ago,
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy stock dropped more than 9% in after-hours trading on Wednesday after the company reported first-quarter earnings results that surpassed analysts’ estimates, but warned that it expects the total sale of goods
Gold bulls have eyes on a 61.8% Fibo monthly target of $1,850. Shorter-term, the bears can target at least a drift to a 38.2% Fibo at 1.807 or the daily support, near $1,800. Will NFP be the catalyst to test the commitments at $1,820/25 on a soft US dollar? Update: Gold retreated from fresh three-month highs
This is what I call a Money Trade. A textbook A1 entry formation that falls all day. The euro short bias comes as the DXY and US equity market rebounds from last week’s massacre. In this recap, we discuss how I used our tested and proven A1 entry system to read risk/reward on EurAud. This
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BBC reports that SNP and allies will have a majority Sterling could come under pressure when markets reopen with Scottish pro-independence parties taking a majority. It’s close, but the BBC now forecasts that they have enough votes. The Scottish National Party itself is seen falling just short but with the support of the pro-independence Green
New lows vs EUR, GBP, CHF The USD is moving to new lows vs some of the major currencies. More specifically, the dollar is trading at new lows vs the EUR, GBP and CHF. Moreover, the USD is also trading negative vs the CAD, which puts it into the slot as the weakest of the
Copper soared this week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year. The previous copper record was set in 2011, around the peak of the commodities supercycle sparked by China’s rise to economic heavyweight status — fueled by massive amounts of raw materials. This time, investors are
Dollar dropped broadly last week and ended sharply lower, as the huge non-farm payroll miss gave a strong node to Fed’s patient approach. Progress could only be consider substantial as seen in realized economic data, rather than projected outlook. It’s right that Fed is not even in a position to consider tapering. The expectation that
Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%. Many economists had been expecting an even
In this article TPR Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China. VCG | Visual China Group | Getty Images Coach owner Tapestry said Thursday that its fiscal third-quarter sales in North America returned to pre-pandemic levels, as demand for luxury goods rebounds
In another encouraging vaccine development from the Old Continent, European Commission President Ursula von der Leyen announced on Saturday that the EU has struck a deal with BioNTech/Pfizer for up to 1.8 billion extra doses of their Covid-19 vaccine. “Happy to announce that the EU Commission has just approved a contract for guaranteed 900 million
In an August 2020 paper “Is bitcoin money?” Peter Hazlett and William Luther wrote that there exists only “a small corner of the internet where transactions are routinely conducted with Bitcoin serving as the medium of exchange.” But that corner may be growing into a room, or even a house now. “Demand for Bitcoin has
A number of newer issues will be reporting next week as a number of newer issues reporting. Along with some old standbys including Marriott, Toyota, Wendy’s, Disney, and Honda. Below is a day by day summary of the major releases: Monday: Marriott Tyson Foods Roblox Tuesday EA Nissan Lemonade Palantir Wednesday Toyota Softbank Wendy’s Bumble Thursday Disney