AUDUSD ends the month higher The AUDUSD moved higher at the start of the month of May and in the process moved up to retest the 100 and 200 day MAs (blue and green lines on the chart above). The price rise found risk focused sellers against the lower 100 day MA. The next 6
After hitting above highs of just above 131.00 at the end of April and early May, the pair fell back as bond yields retreated in the past three weeks. It was a much needed breather after a pretty unrelenting push from 116.00 all the way to 130.00 for the pair. But as bond yields are
NEW DELHI: Gold prices were trading sharply lower on Wednesday, the lowest levels in the last two days. The demand for the safe-haven bullion has been offset by a sustained gain in the US treasury yields and some strength in the US dollar. Gold futures on were trading lower by 0.46 per cent or Rs
Strong rally in USD/JPY is the main focus in Asian session today, following the strong rebound in benchmark US treasury yields. Yen is also staying as the weakest one. But for now, Canadian Dollar and Australian Dollar are both stronger than the greenback. The Loonie’s rally slowed some what as WTI crude oil was rejected
In this article CRM Marc Benioff, co-CEO of Salesforce.com Inc., speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Tuesday, May 24, 2022. Hollie Adams | Bloomberg | Getty Images Salesforce shares rose 7% in extended trading on Tuesday after the enterprise-software maker reported fiscal first-quarter results that surpassed analysts’
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The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all. Amid signs that Terraform Labs co-founder Do Kwon was facing legal trouble in South Korea, the country’s ruling party announced Tuesday
After hitting the highest level since March 2020, the Mexican peso reversed sharply. US dollar recovers ground on Tuesday as the rally in Wall Street ends. USD/MXN volatile, without clear signs. With a 0.82% gain, the USD/MXN is having the best day in three weeks. On Monday, it bottomed at 19.41, the lowest since March
Crude oil returns to its 100 hour moving average The price of WTI crude oil futures are settling at $114.67. That’s down $0.40 or -0.35%. The high price reached $119.98. The low price extended to $114.15. The move to the upside earlier today was propelled by the EU announcement that they would embargo Russian oil
The WSJ reports that some OPEC members are considering suspending Russia from OPEC+ and using that to push for an increase in quotas. Some OPEC members are exploring the idea of suspending Russia’s participation Suspending Russia would pave the way for Saudis and UAE to pump more “Some members in the Persian Gulf have begun
Gold in the national capital on Tuesday gained marginally by Rs 34 to Rs 51,046 per 10 grams in line with firm global trends along with rupee depreciation, according to Securities. In the previous trade, the precious metal settled at Rs 51,012 per 10 grams. In contrast, silver declined by Rs 390 to Rs 61,657
Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk aversion, together with Swiss Franc. But Canadian Dollar remains firm as supported by surging oil
Here is what you need to know on Tuesday, May 31: The greenback is staging a rebound against its rivals early Tuesday as US Treasury bond yields push higher following the three-day weekend in the US. Eurostat will release the preliminary Harmonised Indices of Consumer Prices (HICP) data, the European Central Bank’s inflation gauge, for May
EURUSD finding support against its 100 hour moving average The EURUSD this week found early buyers against its 100 hour moving average on Wednesday, and again yesterday. In trading today, the dip lower after reaching new highs going back to April 25 once again saw the 100 hour moving average stalled the fall. The 100
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Gold prices were trading mildly lower on Tuesday following strong bond yields and strength in the US dollar, which dented the bullion’s appeal. The yellow metal is headed for a straight second monthly loss. Higher US 10-year treasury yields lower the appeal of zero-yield gold, while a stronger dollar makes greenback-priced bullion more expensive for
Canadian Dollar is trading as the strongest one so far for the week. Rising oil price is giving extra support to the Loonie, on the back of improving overall risk sentiment. Aussie and Euro are firm behind too. Yen remains the worst performing one, followed by Swiss Franc and Dollar, while Sterling is mixed. US
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