GBPUSD falls to support target between 1.2828 and 1.2853 The GBPUSD moved sharply lower after retail sales came in much weaker than expected -1.4% versus -0.3% estimate. The price also got a kick to the downside after breaking below the 1.300 level and the low price from April 1.2971. The pair traded down to a
(Reuters) – China’s yuan finished domestic trading on Monday at a one-year low against the dollar, extending losses after posting its worst week since 2015, as a worsening economic growth outlook drove investor concern that the currency had more room to fall. Sentiment also took a knock on fears that strict lockdown measures will spread
NEW DELHI: Gold prices dipped lower on Monday to its new two-week lows as the aggressively hawkish Fed continued to weigh on the bullion’s sentiments, following its approach of tightening monetary policy. With expectations of a half-percentage point interest rate hike at the Fed’s May meeting now locked in, traders on Friday piled into bets
Risk aversion dominates the markets in Asia with concerns on more tough lockdowns in China, including the capital city of Beijing. Dollar jumps broadly higher, with Yen and Swiss Franc as distant second and third. Aussie and Kiwi are extending last week’s decline, trading as the worst ones for today so far. Euro is the
Initial jobless claims last week were a bit higher than expected but still reflective of a labor market where employers are loathe to fire workers. First-time claims for benefits in the week ended April 16 totaled 184,000, a decline of 2,000 from the previous week but just ahead of the Dow Jones estimate for 182,000,
In this article KO A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola is due to report its first-quarter earnings
USD/JPY witnessed some selling on Monday, though the downtick lacked bearish conviction. Weakness below the 100-hour SMA/ascending trend-line could stall near the 23.6% Fibo. level. Sustained move back above the 129.00 mark will set the stage for an extension of the bullish trend. The USD/JPY pair edged lower on the first day of a new
The difference between the LP tokens’ value and the underlying tokens’ theoretical value if they hadn’t been paired leads to IL. Let’s look at a hypothetical situation to see how impermanent/temporary loss occurs. Suppose a liquidity provider with 10 ETH wants to offer liquidity to a 50/50 ETH/USDT pool. They’ll need to deposit 10 ETH
USDJPY is a stop between swing levels (38.2% retracement) The USDJPY in the Asian session moved up to test the swing highs from yesterday’s trade between 128.63 and 128.70. The high price today reached 128.685. Sellers leaned against the high, and the price rotated back to the downside The move lower in the late Asian
Foxconn’s manufacturing operations in Kunshan have been operating under a “closed-loop” system (employees confined to its four local campuses) since a citywide lockdown started in early April. Foxconn has halted production at two of its factories in the eastern city of Kunshan suspended since mid last week all employees confined to dormitories inside campuses after
April 21: Gold prices dipped on Thursday, tracking a rebound in U.S. Treasury yields and the dollar, which continued to weigh on demand for safe-haven bullion. FUNDAMENTALS * Spot gold was down 0.2% at $1,953.21 per ounce, as of 0039 GMT. U.S. gold futures were nearly flat at $1,956.20. * U.S. Treasury yields firmed after
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC’s Sara Eisen will moderate the talk. The event is part of the IMF’s
GBP/USD bulls moving in and eye a significant correction. The M-information is compelling and eye a key confluence area. GBP/USD is under pressure but the bulls could be on the verge of making a move which would be anticipated to be a significant correction in the days ahead. The following illustrates the market structure and
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Loans based on cryptocurrencies have become a mainstay of the decentralized finance (DeFi) universe ever since the smart contract-based lending/borrowing platforms began offering the service to crypto users. The Ethereum network, the first blockchain that scaled the smart contract functionality, sees most of the total value locked (TVL) on DeFi protocols dominated by cryptocurrency lending
AUDUSD fell below its 200 day moving average The AUDUSD has just cracked below its 200 day moving average at 0.72926. The fall back below the level is the first since March 17. The move above the 200 day moving average on that they sent the price sharply higher, with the pair peaking at 0.76607.
There are plenty of updates on Russia’s war on Ukraine, just noting this one. Ukrainian President Zelensky announced the US visitors. He will meet with the two on Sunday. Further weapons provisions will be on the agenda. Zelenskyy: said he expected “not just presents or some kind of cakes, we are expecting specific things and
Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts. Brent crude futures rose 55 cents, or 0.5%, to $107.35 a barrel at 0117 GMT, recouping