Yen trades generally lower today following surging treasury yields and some firmness in stock markets. While it’s not yet a full risk-on market, sentiments are positive for now. Swiss Franc, Euro and Dollar also turn slightly softer. On the other hand, commodity currencies and Sterling are trading generally higher. Technically, the downside breakout in EUR/GBP
GameStop has announced on Tuesday that Amazon executive Elliot Wilke is to join GameStop as its Chief Growth Officer on April 5. Mr. Wilke spent several years at Amazon and was last Head of its Amazon Fresh retail stores business. GameStop has been revitalizing its board of late as Ryan Cohen has been tasked with
E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets Bitcoin (BTC) and Ether (ETH), lesser known cryptos such as Reddcoin and Bitcoin Gold,
More Japanese data, this time its Retail sales for February A big beat at +3.1% m/m-1.5 % y/y also a beatJapan was in the midst of a state of emergency in Tokyo and surrounds – despite this retail has performed strongly. The emergency declaration has since ended so logic would dictate the March figure will
Russell 2000 falls -2.8% The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin. The final numbers are showing: S&P index fell -3.35 points or -0.08% at 3971.19 Nasdaq fell -79.07 points or -0.60% at 13059.64 Dow rose 98.43 points or 0.3% at 33171.31 The small-cap
As concerns grow over the prolonged blockage of waterway in the Suez Canal in Egypt, prices of not only petrol and diesel but also coffee may be in for a rise. A huge container ship, which had run aground, continued to block traffic in the Suez Canal, one of the world’s busiest waterways, and the
Sterling trades generally higher today, with much help from buying in crosses against Euro and Swiss Franc. Australian and New Zealand Dollar are also firmer even though overall market sentiments are mixed. Canadian Dollar, on the other hand, remains a softer one, followed by Euro and then Swiss Franc. Dollar and Yen are mixed for
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve is not keeping monetary policy easy so the government can continue running up debts and deficits,
EUR/JPY bears are lining up to take on the daily support structure. The bears are rejecting the daily correction at a significant layer of resistance and confluence between structure and Fibos. EUR/JPY’s downside case is compelling as traders step away from the euro which is plagued by the coronavirus fears. The yen is a safe
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EUR/GBP falls to 0.8510 – its lowest level since 28 February 2020 The doesn’t appear to be much month-end woes for the pound in EUR/GBP this time around as the quid is catching a bid with the pair falling to its lowest levels in over a year. The drop sees sellers push past the 24
Reuters reports, citing a source familiar with the Russian camp The report says that Russia would support a broadly stable output by OPEC+ in May, while seeking a small hike in output for itself ahead of this week’s meeting. This is a somewhat similar scenario/demand to the last meeting between OPEC+ members. The meeting this
Gold prices fell on Monday as a stronger U.S. dollar and hopes for a swift global economic recovery boosted share markets, denting demand for a safe haven. Spot gold was down 0.4% at $1,725.26 per ounce by 0829 GMT. U.S. gold futures slipped 0.6% to $1,722. “Gold is suffering a little bit on back of
The markets open a holiday-shortened week in a quiet note. Canadian Dollar is trading mildly lower, following retreat in oil prices. The giant container that blocks the Suez Canal, Ever Given, is finally starting to refloat, partly thanks to higher-than-usual spring tides. Elsewhere in the forex markets, Dollar and Yen are currently the firmer ones,
USD/TRY adds to recent gains above the 8.0000 mark. CBRT Chief Kavcioglu said a rate cut is not guaranteed. The lira is expected to remain under heavy pressure. The sell-off around the Turkish currency remains well and sound, with USD/TRY advancing to fresh 5-day peaks in the proximity of 8.2000 on Monday. USD/TRY focused on
Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share. One project that has outperformed the field as of late is PancakeSwap (CAKE), the Binance Smart Chain-based automated market maker (AMM)
100 hour MA at $53962 The price of Bitcoin is trading up $1900 at $53900. The high price reached $54096. The low reached $51235.25. The digital currency is up testing its 100 hour MA at $53962. The high price just reached just above that MA, but has backed off modestly. There may be a