The greenback trades higher as European traders enter the fray The dollar has erased its earlier slight losses from Asia Pacific trading, and is now trading to a session high against the likes of the euro and pound in particular. EUR/USD is down to a low of 1.1801 and sellers defended the 100-hour moving average
Comments by the Chinese foreign ministry For bank trade ideas, check out eFX Plus Tensions between the US and China aren’t going away, regardless of the election result next week. And while the market has been less sensitive to the latest developments, be rest assured that the narrative will carry on for many more years
NEW DELHI: Gold and silver future prices rose in the opening trade on Tuesday tracking trend in international market amid rising Covid-19 cases in western countries, which has resulted in fresh curbs. US House of Representatives Speaker Nancy Pelosi is hopeful that congressional Democrats and the Trump administration can reach agreement on the coronavirus relief
Movements in the forex markets remain relatively limited and indecisive. There were little reaction to the steep decline in US stocks overnight, which is followed by broad based weakness in Asia. For now, Dollar, Yen and Kiwi are the firmer ones for the week. Canadian Dollar remains the worst performing as dragged down by oil
In August AUD/NZD spent time above 1.10 for the first time since 2018, but the pair has since struggled. Economists at Westpac expect AUD/NZD to extend the fall towards the 1.05 mark in the short-term, however, the pair could rally to 1.12 in 2021. Key quotes “Our base case of a risk-friendly ‘Blue Wave’ US
Levels to eye in the new trading day The dollar rose for the day, but is ending off the highs for the day with the exception of the USDCHF. The pair is rising to a new high as the day comes to an end in that pair. The USD is the strongest of the majors
Covid statistics for France Covid cases rise by 26,771 vs. 52,010 on Sunday 257 new deaths is up from 116 on Sunday The case count started to spike higher last week surpassing the previous high at around 32,000. The dip today is typical for the early week, but above the 19,000 seen a week ago today.
The price of Bitcoin (BTC) dropped 3% in less than three hours as the U.S. stock market plummeted. Following the pullback, most traders are neutral or slightly bearish on the short-term trend of BTC. Traders and on-chain analysts are now pinpointing $12,500 and $11,973 as the two levels to watch for the continuation of the
Gold fell below the key psychological level of $1,900 on Monday to its lowest in more than a week, pressured by a firmer dollar and stalled progress in talks for a new U.S. coronavirus aid package. Spot gold fell 0.2% to $1,897.71 per ounce by 0908 GMT, after hitting $1,890.19, its lowest since Oct. 15.
Movements in the forex markets are rather limited in European session, with some firmness seen in Dollar and Sterling. One focus is on the selloff in Canadian Dollar, which is dragged down by the steep decline in oil prices. Euro’s mild weakness is also worth a note, as partly weighed down by German sentiment data.
There is a rumour that the Novavax vaccine is delayed, which has seen the stock drop some 6% in recent trade. Novavax, Inc. (Nasdaq: NVAX), is a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, including NVX-CoV2373, the Company’s COVID-19 vaccine. The news of the delay is problematic for risk-sensitive asset classes as financial markets bare
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Swing area and topside trend line on hourly stalls the rally The USDJPY move higher yesterday and in the process tested a topside channel trendline and a swing area in the 104.92 – 104.94 area. That trend line and swing area stalled the rise. Trading in the new day has moved back lower and gotten closer to the
Softer tones observed in early trades German DAX futures -1.5% UK FTSE futures -0.6% Spanish IBEX futures -0.9% Risk is tilted to being ‘off’ as we get the session started, with US futures also seen lower by ~0.7%. Virus jitters are resurfacing with the situation across Europe and the US looking more and more pessimistic
By Ravindra Rao Gold and silver prices traded with cuts in Monday’s session tracking weakness in global markets as US stimulus talks came to a standstill. Globally, gold prices eased to an over one-week low in early Asia trade as the dollar firmed. Here is a trading strategy for the bullion counters: Gold MCX GOLD
Economic data released since the September signaled that the recovery might have lost momentum. This is a worrying signs as renewed lockdown measures in light of the second wave are expected to damage the recovery further. As a preparatory meeting for more stimulus in December, ECB will turn more dovish this month. Stimulus measures to