The push and pull continues for the dollar this week with USD/JPY now inching back up to near 122.00 after having touched a low of 121.35 earlier in the session. Elsewhere, EUR/USD is also marked lower to 1.1123 as the greenback is seen advancing slightly across the board as well. A drop back below the
NEW DELHI: Gold prices inched lower on Thursday, in line with the global market mood, but were set for the biggest quarterly gain since September 2020. The spike in conflict between Russia and Ukraine lifted the demand for safe-haven metal in the ongoing quarter. Gold futures on MCX were trading down 0.34 per cent or
Euro’s rebound made some progress overnight even though momentum was still weak. The common is nevertheless firm in Asian session. Dollar is also strengthening up slightly, together with Sterling and Swiss Franc. Yen is consolidating in tight range as earlier recovery is losing some momentum. Commodity currencies are mixed for now. Technically, EUR/USD’s break of
Amazon is one of the world’s most well known companies with a huge presence in the e-commerce sphere. It is also the world’s 5th most valuable brand with a market cap of over $1.5 trillion. Part of Amazon’s success has been the relentless focus on what helps the consumer. This has led to an ever
NASDAQ index moves toward its session lows The Nasdaq index is trading down over 220 points on the day or -1.52% at 14395. The index is off the low for the day but moving back to the downside as the day works toward the close. The low for the day reached 14383.45. Looking at the
> Negotiations between Ukraine and Russia will recommence on Friday 1 April ukraine Online talks Eamonn Sheridan Wednesday, 30/03/2022 | 22:17 GMT-0 30/03/2022 | 22:17 GMT-0 Comments from a Ukrainian negotiator: during the latest talks Ukraine said the countries’ two leaders should meet, but Russia said more work needed to be done on a draft
March 30: Gold inched lower on Wednesday, hovering near a one-month low hit in the previous session, as Russia-Ukraine peace talks pointing towards progress dimmed bullion’s safe-haven demand, though a weaker dollar and a drop in yields limited losses. FUNDAMENTALS * Spot gold was down 0.2% at $1,916.30 per ounce, as of 0029 GMT. U.S.
Dollar is trading as the worst performing for the day, and receive no support from solid ADP private job data. The greenback is somewhat weighed down by extended retreat in benchmark US yields. On the other hand, Euro is supported by rising Germany benchmark yields, after consumer inflation hit the highest level in more than
USD/CHF is balanced in a narrow range of 0.9220-0.9240 below 61.8% Fibo retracement. A death cross of 50 and 200-period EMAs signals more downside going forward. The RSI (14) has slipped into a bearish range of 20.00-40.00, which indicates more pain ahead. The USD/CHF pair is oscillating in a narrow range of 0.9220-0.9240 in early
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Major American cryptocurrency exchange Kraken reportedly started implementing the Bitcoin (BTC) Lightning Network for users a bit later than the firm originally planned. Bitcoin maximalist Mr.Hodl took to Twitter on Wednesday to report that Kraken has implemented the Lightning Network. He attached a screenshot of the supposed new Kraken withdrawal process allowing users to complete a
NASDAQ index approaches its 100 day moving average The Nasdaq index is currently trading up 234 points or 1.63% at 14500. The high price reached 14591 so far. The index is working on its eight day higher in 11 trading days. Since bottoming on March 14, the index is up over 16%. The index is
In general, the selloff in the bond market is hitting a bit of a pause with Treasury yields backing down from the highs earlier in the week. Even the BOJ’s efforts earlier managed to see 10-year JGB yields move down from its implicit cap of 0.25% to 0.22%. 2-year Treasury yields are down 3.5 bps
NEW DELHI: Gold prices traded firm on Wednesday as a fall in US bond yields and weaker dollar boosted buying from support levels. Although progress in peace talks between Russia and Ukraine kept upside capped. Gold futures on MCX were trading up 0.45 per cent or Rs 229 at Rs 51,518 per 10 grams. Silver
It feels like the markets are turning a corner. Euro staged a strong rebound overnight on hope of cease-fire in Ukraine. Focus has then turned to Yen today, which is staging a notable recovery in Asia. On the other hand, both Dollar and Sterling are under some selling pressure. Commodity currencies are mixed for now.
The fate of gold price remains in the hands of sellers so far this week, as the sentiment in the bond markets and incoming Ukraine headlines continue to remain the main drivers. Inflation concerns are back in play, pushing yields across the globe higher, reducing the demand for non-yielding gold, despite a broad meltdown in
It did not take long to reach the key target outlined in an earlier post, but the NASDAQ index has reached its 100 day moving average at 14648.86. The high price just reached 14646.90. Above the 100 day moving averages the 200 day moving average at 14726.96. It would take a move above both to
Morgan Stanley’s Head of U.S. and European Credit Strategy Srikanth Sankaran speaking in an interview with Bloomberg TV. In a nutshell: rally in equity and credit markets on optimism about progress in cease-fire talks between Russia and Ukraine is just a temporary blip “The focus will definitely shift back to the central bank hawkishness” rally