6 PM curfew and Virginia National Guard called in The US dollar has dipped modestly as chaos continues in Washington and specifically and and around the US Capitol. There will be a 6 PM curfew and the US National Guard of Virginia have been mobilized. Looking at the strongest to weakest rankings of the major currencies
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Oil prices extended gains on Wednesday, rising to their highest since late February, after Saudi Arabia announced a big voluntary production cut, and as an industry report showed U.S. inventories fell last week. Brent crude rose 85 cents, or 1.6%, to $54.45 a barrel at 1050 GMT, its highest level since Feb. 26, 2020, after
Yen selling takes center stage today, following strong rise in global treasury yields. In particular, US 10-year yield is trading at 0.99 at the time of writing, after hitting 1.037 earlier. Dollar remains generally pressured, and even the recovery against Yen is weak. The surprised contraction in ADP employment is definitely not giving the greenback
Private payrolls in December contracted for the first time since the early days of the coronavirus pandemic, according to a report Wednesday from ADP. The decrease of 123,000 provided a sign that the U.S. economy had cooled considerably heading into the end of 2020. Economists surveyed by Dow Jones had been expecting growth of 60,000.
Minutes of the FOMC’s December 15-16 meeting showed on Wednesday showed that policymakers judged it was appropriate to continue asset purchases at least at the current pace. Market reaction The US Dollar Index largely ignored this statement and was last seen gaining 0.08% on the day at 89.50. Key takeaways as summarized by Reuters “Participants
AUD/USD trades to a high of 0.7815, the highest level since March 2018 For bank trade ideas, check out eFX Plus The market continues to stick with the reflation narrative on the session and that is leading to equities climbing higher after a bit of a pullback earlier on. Tech may be bearing the brunt
Major Vietnamese bank HDBank has now become the first bank in the country to issue letters of credit, or L/C, using blockchain technology. According to a Jan. 6 report by local media outlet Việt Nam News, the issuance, document presentation and successful payment of L/C on the blockchain marks a major milestone on HDBank’s stated
Latest data released by Eurostat – 6 January 2021 Prior +0.4% PPI -1.9% vs -2.0% y/y expected Prior -2.0% Producer prices creep up a little further in November last year but that hasn’t quite translated much into anything significant on the inflation front. That said, comparatively to the year before, producer prices are also still
NEW DELHI: Gold and silver futures prices in the domestic market traded with cuts on Wednesday amid uncertainty around elections in Georgia, which will decide how easy it will be for US President elect Joseph Biden to take decisions during his presidency. Polls closed in Georgia’s dual runoff elections that will determine both control of
Dollar’s decline resumed overnight and stays soft in Asian session today. Though, intensity of the selloff remains relatively weak. FOMC minutes is a feature today but that’s unlikely to provide any inspiration for the greenback. Sterling is indeed still the worst performing one for the week for now, as weighed down by fresh lockdowns. As
The Italian government is considering extending its state of emergency over the coronavirus crisis until July 31, 2021, Il Messaggeroa reported, citing sources with the knowledge of the matter. Key takeaways “The emergency, set to expire at the end of January.” “The hypothesis, more than concrete is confirmed in the government, is a renewal for
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There are a few things to know when it comes to reading indicators, especially on the daily time frame. Once you get it figured out, you can read your charts lightning fast and get on with your day. No blog for this video. Will resume Monday.
What would happen if you traded the RSI Indicator completely backward? You never know until you try it. So, that is exactly what we did in this video. The RSI is a momentum indicator. So, that is how we used it. And the results were not only surprising… But, unexpectedly incredible. I hope you enjoy
A break looks inevitable US 10-year yields have pushed to the upside in the past few hours but they’re still within the recent range. In the bigger picture though, the series of higher lows approaching 1%, paints a picture of a market getting ready to bust higher. If Democrats sweep tonight, that move will be
As the crypto bull market continues to gain traction, the price of Aave’s native token, (AAVE), is pushing toward new all-time highs. The growth of the decentralized lending platform appears to be bolstered by improving fundamentals, steady growth in the total value locked on the platform, and the creation of a DeFi based crypto-collectibles token
CNN releases Georgia exit poll done by Edison Research CNN is out with its exit poll from Georgia even though the polls don’t close for another 2 hours. The data is trickling out but the early data is positive for Republicans because it shows an older electorate and a 1 pp increase in registered Republican