It was a relatively quiet day in the forex to start the trading week. Looking at some of the trading ranges for the major currency pairs: EURUSD range was only 33 pips vs an average of 72 pips over the last month GBPUUSD range was 61 pips vs an average of 96 pips USDCHF range
Gold prices climbed Rs 170 to Rs 59,350 per 10 grams in the national capital on Monday amid strong cues in international markets, according to HDFC Securities. The precious metal had closed at Rs 59,180 per 10 grams in the previous trade. Silver also jumped Rs 350 to Rs 71,300 per kilogramme. “Gold trading on
Today sees Swiss Franc making notable gains due to an array of risk-averse factors at play. Disheartening data on German business sentiment fuels concerns about a protracted recession in the country and by extension, the broader Eurozone. While the weekend’s events surrounding Wagner mutiny may not have triggered a seismic response in the markets, the
Crypto exchange Bybit has announced a license approval to operate as an exchange and custody service in Cyprus. The world’s third most visited crypto exchange will begin offering to trade between crypto and fiat currency pairs and crypto-related financial services. Cyprus is the third most populous island in the Mediterranean Sea with a population of
Share: CAD rally stalls, losses should remain limited, in the view of economists at Scotiabank. The Canadian economy remains relatively robust For the first time since the start of June, factors may be pointing a little more clearly to the potential for some consolidation in recent gains. Still, the potential for CAD softness looks relatively
Market trends of Russell 2000 The Russell 2000 futures experienced a downturn, closing lower on June 23, 2023, following a week characterized by increase, but still, fairly low volatility , as the ViX is still quite low. The index, which maintained its position within a certain range since May 31st, broke down below the lower
During the previous week, the SNB raised interest rates by 25bps and indicated that further tightening is anticipated in the future, potentially with another 25bps increase in September. The SNB emphasized that inflation remains a concern, and there are expectations that it could run hot again in the coming winter. In a surprising move, the
Gold traded in the green in Monday’s opening trade aided by a weaker Dollar Index (DXY). The DXY was down nearly 0.2%, raising the appeal for the yellow metal. However, a mixed commentary on further interest rate hikes by the Federal Reserve has made the prices range bound. The August Gold futures were trading at
The financial markets are rather steady in Asian session today, showing little reaction to the brief “uprising” in Russia. Major indexes generally traded in tight range, with the exception of China which is just catching up the holidays on Thursday and Friday. In the currency markets, Aussie is the worst performer for now, followed by
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Share: Gold Price licks its wounds at the lowest levels in 3.5 months as risk-aversion amplifies. Geopolitical fears join hawkish Fed bets, growth concerns to weigh on XAU/USD price. Gold Price drops as mixed United States data versus downbeat figures from elsewhere underpin US Dollar demand. US inflation clues eyed for clear directions, multiple central
The AUDUSD started to show cracks in its bullish bias last Friday, and that crack led to a bigger and bigger move as technical levels were taken out one by one. First, it was the 100-hour moving average (higher blue line) and channel trendline. That led to a break of the 200-hour moving average. The
The Bank of Japan Summary of Opinions is for the June 15 & 16 meeting: The “Summary of Opinions” provides a concise summary of the views expressed by Policy Board members during the meeting. The full Minutes of this meeting will follow on 2 August 2023. This snapshot from the ForexLive economic data calendar, access
Gold prices on Friday were heading for their biggest weekly percentage fall in over four months, weighed by a stronger dollar and hawkish comments by Federal Reserve officials. Spot gold rose 0.3% to $1,919.99 per ounce as of 2:19 p.m. EDT (1819 GMT), after adding as much as 1.2% on a retreat in U.S. bond
After a joint governance proposal on liquid staking derivatives in Terra Luna Classic (LUNC), a new proposal has emerged for the next quarter, suggesting the formation of a dedicated team consisting of six senior full-stack engineers. The Terra Allies senior engineering full stack team, known as the Six Samurai, has presented their Q3 spend proposal,
Share: NZD/USD bulls are looking for a break to the upside to test trendline liquidity. All eyes are on the RBA meeting as per market correlations. NZD/USD has been held below a key trendline resistance for a couple of years but it could be on the verge of a breakout to the upside. However, the Kiwi