GBP/USD moves back above 1.3600 in thin trading For bank trade ideas, check out eFX Plus The dollar is keeping weaker across the board as its struggles going into the year-end continues, with EUR/USD having neared 1.2300 earlier and GBP/USD now climbing back above the 1.3600 handle in European trading. The pair looks towards the
It’s lower than yesterday but still extremely high With today’s announcements, 78% of the population of the UK will be Tier 4 lockdowns tomorrow. Officials said most of the jump in cases yesterday was real, and not a result of holiday lags. Today’s number underscores that. Deaths were at 575 vs 659 a day ago.For
Grayscale Investments, the world’s largest digital asset manager, has reportedly dumped a significant portion of its XRP and XLM holdings. Data from Bybt, a cryptocurrency futures trading platform, reveal that Grayscale’s XRP holdings declined by more than 9.18 million on Dec. 29, bringing its total position to 26.45 million XRP, worth $5.77 million at press
Cottonseed oil cake prices on Wednesday declined by Re 1 to Rs 1,999 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices. On the National Commodity and
Dollar’s selloff picked up again as year end approaches. While US stocks took a breath overnight, Asia markets ex-Japan is enjoying some solid buying for now. While Euro is strong against Dollar, it’s mixed against other European majors. Meanwhile, Canadian Dollar is clearly lagging behind Aussie and Kiwi in the current risk-on buying. Gold and
GBP/USD gained strong follow-through traction for the second straight session on Wednesday. The upbeat mood undermined the safe-haven USD and remained supportive of the momentum. Approval of COVID-19 vaccine by AstraZeneca/Oxford further boosted the global risk sentiment. The USD selling remained unabated through the first half of the European session and pushed the GBP/USD pair
The range is 2215 pips, but only up 224 pips from the close of year 2019 The GBPUSD had a volatile down and up trading year that saw the price open the year at 1.3257. The high on the first day of the year reached 1.32656 and that was the high until August 19 when
Forex news for Asia trading for Wednesday 30 December 2020 In another holiday-mode thin liquidity session the USD lost further ground with gains for major FX across the board. AUD, EUR, GBP, NZD, yen … all gaining. CAD and CHF too, but trailing the field. Gold joined in, back to its overnight (US time) high
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Decks have been cleared for trading of synthetic diamonds at the Bharat Diamond Bourse (BDB), the country’s largest diamond trading hub. BDB members at the bourse’s annual general meeting held Monday voted to lift the ban imposed four years ago at an AGM. The ban was imposed “to protect “ the natural diamond trade ,
Euro’s rally is a focus in rather quiet markets today. Clearance of no-deal Brexit risk was a positive for the common currency. There’s additional boost from rumors that a EU-China investment deal is likely this week. However, we’d like to point out that European Commission formally (in a statement) criticized China’s “torture” and “ill-treatment” of
As Asian traders prepare for the US Senate voting on the coronavirus (COVID-19) stimulus, they have another reason to be cautious as the US reports the first covid variant found in the UK. Also disturbing the fact is that the case found in Colorado doesn’t have any travel history. This could be the push for
USD/CAD down 70 pips The Canadian dollar is off to a strong start as Toronto returns from yesterday’s holiday. USD/CAD is down 72 pips to 1.2782 and trading at a session low. The loonie is getting a lift from oil (+1.2%) and other commodities along with positive sentiment in equities. In data today, Bloomberg’s weekly
The party continues The open in the S&P 500 was a bit stronger than anticipated with the index gaining 20 points to a fresh record at 3754. The risk trade is also improving in FX with the commodity currencies at the best levels of the day and the US dollar on the defensive across the
New York has given the first authorization to a stablecoin backed by the Japanese Yen to operate in the U.S. Per a Dec. 29 announcement, the New York Department of Financial Services has granted Japanese firm GMO-Z.com a charter to handle U.S.D. and Yen-backed stablecoins in New York. Given New York’s status as a global center,
By Stephanie Kelly and Devika Krishna Kumar NEW YORK: This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility. In April, US crude plunged deep into negative territory and Brent dropped below $20