USDJPY holds support on the dip The USDJPY stepped higher with the higher rates last week. The move to the upside took the price back above the 200 and 100 hour MAs (green and blue lines). The correction lower on Friday ahead of the better than expected NFP report, stalled right at the converged 100/200
Australian Dollar is leading commodity currencies higher in relatively quiet trading today. Swiss Franc is also firm, but mainly because Euro is consolidation gains. Sterling is currently the weakest one, followed by Euro and then Dollar, while Yen is mixed. In other markets, major European indexes are trading water while US futures point to slightly
New Delhi: Gold price in the national capital on Monday jumped Rs 146 to Rs 47,997 per 10 grams in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,851 per 10 grams. Silver also gained Rs 635 to Rs 61,391 per
Initial filings for unemployment claims totaled a bit fewer than expected last week as companies looked to overcome the impact of the omicron spread. Claims for the week ended Jan. 29 were 238,000, a touch lower than the 245,000 Dow Jones estimate, the Labor Department reported Thursday. That was also a decline from the previous
The Venezuelan government has approved a new tax bill aiming to collect up to 20% in taxes from cryptocurrency transactions, according to local reports. Venezuela’s National Assembly held the second discussion session on Thursday for a new draft bill targeting taxes on “large financial transactions” in cryptocurrencies like Bitcoin (BTC). The Venezuelan government reportedly approved
The GBP/USD pair is having a difficult time making a decisive move in either direction early Monday but a drop below 1.3520 could attract sellers, according to FXStreet’s Eren Sengezer. Correction could deepen with a drop below 1.3520 “The Fibonacci 38.2% retracement level of the latest uptrend seems to have formed support at 1.3520. In
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Despite comments from Klaus Knot of the Dutch central bank over the weekend suggesting a 2022 ECB rate hike (Knot does tend towards the hawkish side though) the euro lost ground during the session. It drifted 30 or so points down from early highs without much in the way of a notable catalyst. USD was
The US jobs report expectations was tilted to the downside pre-report as a result of omicron and all the premarket data. However it came in much stronger than expected at 467K versus 150K estimate. The two month revision was a whopping +700K. What? What has been the fallout from the surprise gains? US stocks in
The markets are steady in Asia in a quiet start to the week. Euro is softening slightly, paring some of last week’s gain. Aussie and Kiwi also turn weaker on mild risk aversion. On the other hand, Dollar and Canadian are both regaining some grounds. It’s a relatively light week in terms of economic data
TOKYO: Oil prices fell on Monday on expectations the U.S.-Iran talks may be nearing a conclusion on reviving a deal restricting the OPEC country’s nuclear weapons development, which would raise crude supply, though global supply concerns capped losses. U.S. President Joe Biden’s administration on Friday restored sanctions waivers to Iran to allow international nuclear cooperation
Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, gestures during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. Ken Cedeno | Reuters Senate Republicans on Thursday peppered the nominee to be
Harmony is getting a lot of traction because it addresses core blockchain concerns, is energy-efficient, has cross-chain capabilities, offers lower gas fees and has a huge potential for nonfungible tokens (NFTs). Maintain decentralization and security Harmony thinks its network can scale while maintaining decentralization and security because it uses sharding, which divides validators into multiple
The S&P 500 reversed an early session dip to 4450 to trade above 4500, up more nearly 1.0%. Investors were digesting strong earnings from Amazon one day after the Facebook horror show and a strong US jobs report. Trade was choppy towards the start of the US session as investors weighed up the implications of
The weekly oil open will be the spot to watch after the Biden administration took a step towards thawing relations with Iran. A group of nations are in what looks like the final stretch of negotiations towards reviving the Iran nuclear deal. The US restored a waiver that that had been rescinded by Trump in
AUDUSD falls away from its 100/200 hour moving averages The AUDUSD moved lower in the late Asian session and continued the run to the downside in the European session. The pair stalled near the 50% midpoint of the 2022 trading range near 0.71403 (the high reached 0.7150) yesterday, the price spiked up to 0.71677. On
NEW DELHI: Gold prices were little changed on Thursday as US Treasury yields retreated after a dip in the jobs data. Investor focus now shifts to European Central Bank and Bank of England meetings later today. US private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business
Job growth rose far more than expected in January despite surging omicron cases that seemingly sent millions of workers to the sidelines, the Labor Department reported Friday. Nonfarm payrolls surged by 467,000 for the month, while the unemployment rate edged higher to 4%, according to the Bureau of Labor Statistics. The Dow Jones estimate was