Yen’s rebound continues in relatively quiet trading in Asia. Risk aversion is not apparent as major indices outside of Japan are all in slight black. Instead, Yen traders could be reversing recent shorts as treasury yields pull back. Staying in the currency markets, New Zealand Dollar remains the worst performing one, followed by Dollar. The
Shoppers wearing protective masks browse clothing at a store at Westfield San Francisco Centre in San Francisco, California, U.S. Michael Short | Bloomberg | Getty Images Near-record stock market levels, a booming almost bubbling housing market and robust retail spending doesn’t sound like much of a recession. But this is no ordinary recession. The Covid-19
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Pantera Capital, a crypto investment firm that has $600 million under management, had a very good year, but still not as good as 2018. According to a recent SEC disclosure, Pantera Venture Fund III has raised $164,705,834 to date — and a whopping $68,841,379 of that has come over the last twelve months. While the
Also testing the February low of 1.32015 The USDCAD is trading near its lows after falling below the low from Friday at 1.32053 and also the swing low going back to February 2020 at 1.32015. That’s the bearish news. The not so bearish news is that the low price reached 1.31939 which was just above
Analysts at Citibank forecast gold at $2,100/oz in 0-3 months and at $2,300 in a period of six to twelve months. They point out the record pace of ETF investor inflows (aweakening the dollar) and negative real yields are the primary drivers for gold’s rally. Key Quotes: “We lift gold short-term targets to ~$2,100/oz. 6-12m
New York gyms can open next week Arizona reports 0 deaths Some good news from the Covid front today: Gov. Cuomo in New York said that gyms can open on August 24 with 33% capacity, masks Arizona reported 0 deaths yesterday and only 468 new cases. The ICU utilization remained at 80% In New York, hospitalizations
NEW DELHI: Gold prices rose by Rs 340 to Rs 53,611 per 10 gram in the national capital on Monday, in line with firm international trend, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 53,271 per 10 gram. Silver also witnessed increased buying and gained Rs 1,306 to
Yen rises broadly today as global treasury yields appear to be turning south. In particular, US 10-year yield is back below 0.7 handle in pre-markets. Dollar is pressured but holds on to recently established range. But overall markets are mixed with major European indices bounded in tight range. Australian and New Zealand Dollar continue to
Potential buyers continue to flood into model homes across the nation, and that has builders feeling better about their business than they have in over 20 years. But rising lumber prices could sap the market’s momentum this fall. Builder confidence in the newly built, single-family home market jumped six points to 78 in August on
As the price of Bitcoin continues to meet resistance passing $12,000, its hash rate has hit a new all-time high. Data from Blockchain.com confirms that on Aug. 15, Bitcoin’s seven-day average hash rate reached a new peak of 129.075 EH/s. The achievement comes after two weeks of fairly stagnant hash rate growth, with the previous
50 hour moving average at 10999.40. The Nasdaq index has cracked below its 50 hour moving average near 11,000. Looking at the hourly chart, the high from Monday reached 11126.037. The high price yesterday was just below that level at 11124 .85. The fall below the 50 hour moving averages a tilt to the downside from a
FX Strategists at UOB Group see EUR/USD extending the side-lined theme between 1.1660 and 1.1880 in the next weeks. Key Quotes 24-hour view: “Last Friday, we held the view that the bias for EUR ‘is tilted to the downside towards 1.1765’. However, EUR dipped to 1.1781 before rebounding strongly. Despite the rapid bounce, upward momentum
Financial Times report on the EU warning the City of London it may have to wait beyond the end of this year to know whether it will secure access rights to the whole of the bloc’s market Valdis Dombrovskis, a executive vice-president of the European Commission said that Brussels would not be ready in the
SINGAPORE: Oil prices climbed higher on Monday, lifted by China’s plans to ship in large volumes of U.S. crude in August and September, outweighing concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies. Brent crude rose 21 cents, or 0.5%, to $45.01 a barrel by 0023 GMT while
As suggested in the CFTC Commitments of Traders report in the week ended August 11, NET SHORT for USD Index futures rose +1 707 to 8 182 contracts. Speculative long positions dropped -2 152 contracts and short positions were down -445 contracts. Fed’s ultra monetary easing has sent yields to exceptionally low levels. For instance,