Australian and New Zealand Dollars faced broad-based pressures in today’s Asian session, as markets are gripped by risk-off mood. Hong Kong HSI is witnessing the most significant downturn, in the wake of the beleaguered Chinese property developer, Country Garden, halting trading on at least ten of its mainland bonds. This move has ignited broader decline
This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August 9, 2023. Mikhail Klimentyev | AFP | Getty Images The U.S. dollar surged above 100 to the ruble on Monday, with the Russian currency nearing a 17-month low as President Vladimir Putin’s
Share: Silver Price licks its wounds after falling the most since mid-June. Nearly oversold RSI conditions join recently firmer MACD signals to prod XAG/USD bears. 200-SMA holds the gate for Silver buyer’s entry, previous support line from late June guards immediate recovery. Silver bears need validation from $22.00 to challenge yearly low marked in March.
Oil prices edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh straight week of gains, the longest such streak since 2022. Brent crude futures rose 41 cents, or 0.5%, to settle $86.81 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained
Ethereum, like its big brother Bitcoin, continues to surprise as it remains resilient to many headwinds. Yesterday we saw a big rally after some banking woes, which resembled the bullish reaction following the regional banking crisis seen in March. Looks like the cryptocurrencies like Bitcoin and Ethereum are the go-to assets in case we see
UPCOMING EVENTS: Tuesday: PBoC MLF, Australia Wage Price Index, China Industrial Production, UK Jobs Report, German ZEW, US Retail Sales, Canada CPI, NAHB Housing Market Index. Wednesday: RBNZ Policy Decision, UK CPI, FOMC Meeting Minutes. Thursday: Australia Jobs Report, US Jobless Claims. Friday: Japan CPI, UK Retail Sales. Tuesday The PBoC is expected to keep
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Tuesday reported a loss for the second quarter that was narrower than expected and raised its production guidance for the
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Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ethereum (ETH) valued at around $2.77 million and an additional 250 billion Shiba Inu (SHIB) equivalent to $2.7 million to the Coinbase Exchange. Based on blockchain data, Voyager initiated the transfer of SHIB and ETH tokens to Coinbase’s ledger on August 11. The motive behind these transactions has
Share: The EUR/JPY traded in the red below the 159.00 area after five consecutive days of gains. The cross closed Friday with 1.65% weekly gains, trading in highs since 2008. Focus shifts to the Eurozone and Japan’s GDP for Q2, which will be released the following week. In Friday’s session, the EUR/JPY traded with losses,
COMEX Gold prices declined for the second consecutive week as both the dollar index and US benchmark treasury yields rose. Concerns about the US banking sector’s health and weak Chinese economic data led to a haven shift towards the dollar. Moody’s Investors Service downgraded several American lenders, signalling potential concerns for a handful of larger
If you are serious about trading, key economic releases like the US CPI data provide an opportunity after the fact. They provide a more risky opportunity before the fact. Risk focuses traders will therefore look at the price action and tools applied to that price action and define levels that will increase the bullish bias
The market has been laser-focused on inflation for the past year but as prices cool and inflation nears target, the focus will shift to economic strength and for clearer signs of a recession. One of the best economic indicators for the health of the US economy is retail sales and it will be the focus
Rocket Lab Rocket Lab on Tuesday reported second-quarter results that largely met Wall Street’s expectations, and the company said it added contracts for 10 more launches in 2023 and 2024. “The second quarter saw strong performance across Rocket Lab’s launch and space systems businesses with three successful Electron [rocket] launches, more than 17 spacecraft featuring
Share: US Producer Price Index (PPI) surpasses estimates, bolstering the US Dollar as Treasury yields soar. Reserve Bank of New Zealand (RBNZ) is expected to maintain rates at 5.50%, adding pressure on the NZD. NZD/USD’s future hinges on US economic data and potential RBNZ rate surprises; 0.5900 level in sight. NZD/USD plunges below 0.6000, set
Gold prices hovered near a one-month low on Friday and were heading for their third consecutive weekly dip, as the dollar and bond yields strengthened after data showed U.S. producer prices increased in July. After dropping to its lowest level since July 7 earlier in the session, spot gold was little changed at $1,913.35 per
As the clock ticks toward the key US CPI report tomorrow, the GBPUSD bias is a bit more bearish in the short term as the price has trended more to the downside over the last few weeks of trading, but it is more bullish technically by looking at the daily chart. So what next and