USD/JPY trades higher but runs into key trendline resistance levels once again just above 104.00 currently For bank trade ideas, check out eFX Plus The pair is benefiting from a more risk-on start to the day, with Treasury yields also climbing upon the return from the long weekend. 10-year yields are up 2.4 bps to
UK prime minister, Boris Johnson, is said to target easing virus restrictions by Good Friday i.e. 2 April to allow families some small contact again Times Radio’s chief political commentator, Tom Newton Dunn, tweets: Will Easter be the new Xmas, albeit a thin one? This is the PM’s new hope, I’m told. He has privately
NEW DELHI: Gold futures prices in the domestic market continued its downward journey in the morning trade for another day on Tuesday bucking the trend in the international market, but the losses were limited as India sped up vaccine deployment. However, silver futures edged higher riding on a wave of news including upcoming stimulus packages
Asian markets are trading in strong risk-on mode today, with particular strength seen in Hong Kong. DOW future is also currently up 150 pts, as markets look forward to US Treasury nominee Janet Yellen’s confirmation hearing. Yen is back under heavy selling pressure, followed by Dollar and Swiss Franc. Australian Dollar is leading commodity currencies
GBP/USD Price Analysis: Monday’s bullish pin bar keeps buyers hopeful GBP/USD picks up bids around 1.3590 amid the initial Asian trading session on Tuesday. In doing so, the Cable justifies its bounce off 21-day SMA and a bullish pin bar candlestick pattern on the daily (1D) chart. With the normal RSI conditions joining the aforementioned
Gold woke up on the wrong side of the bed following the weekend but is managing to hold up for the time being Precious metals are among the notable movers today with gold having witnessed a drop to near $1,804 to start the day before rebounding by $36 to $1,840 at the start of European
The vote was 321-259 There’s always a political crisis in Italy right around the corner, but not today. I don’t think the latest drama has had much of an effect on the euro but keep an eye on Italian bonds this week. For bank trade ideas, check out eFX Plus
Grayscale Investments, the world’s largest digital-asset manager, could hold the key to Bitcoin’s (BTC) short-term price outlook, according to JPMorgan Chase. As Bloomberg reports, strategists led by Nikolas Panigirtzoglou believe Bitcoin could lose its luster over the short-term unless it can “break out” above $40,000. The flagship cryptocurrency breached that key level on two occasions
Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy. Brent crude was down 16 cents, or 0.3%, at $54.94 per barrel at 1445 GMT, and West Texas Intermediate U.S. crude
Commodity currencies remain generally weak today on mixed market sentiments. On the other hand, Yen, Swiss Franc and Dollar are the strongest. Euro remains soft too, but recovery in crosses, in particular against Sterling, is limiting its downside for the moment. Gold also stabilizes back in prior range after initial selloff. With US markets on
The EUR/USD pair has extended its slump to 1.2053 and trades nearby, with majors moving in slow motion amid a US holiday. According to FXStreet’s Chief Analyst Valeria Bednarik bears will try challenging the 1.2000 level. See – EUR/USD seen at 1.16 on a 12-month view – Danske Bank Key quotes “Speculative interest is still digesting the
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Major indices lower on the week as well The major European indices are closing the week with sharp declines of over 1%. For the week, today’s price action has also increased the declines with the FTSE 100 and Spain’s Ibex the biggest decliners. The provisional closes are showing: German DAX, -1.4% France’s CAC, -1.2% UK’s
Comments by UK vaccine deployment minister, Nadhim Zahawi Vaccine rollout is going well We are vaccinating 140 people per minute on average Letters are going out to those over 70s today For bank trade ideas, check out eFX Plus That’s some encouraging news but we’ll see how things go in the coming weeks/months to be
NEW DELHI: Gold futures prices in the domestic market continued to slide in the morning trade for another day on Monday as a stronger US dollar made bullion expensive for other currency holders, despite expectations of a large Covid-19 relief package in the United States. US President-elect Joe Biden said on Friday that he wants
Dollar opens the week generally higher, as supported by comments from former Fed chair Janet Yellen. Though, at this point, Yen mildly stronger while Swiss Franc is also firm. The triple argues that there is some underlying cautiousness in investor sentiments, despite solid Q4 China data. That’s also reflected in the general weakness in commodity