Stocks markets are turning back into risk off mode with US futures pointing to sharply lower open. Yen managed to reverse earlier losses and trading generally higher. Canadian Dollar is also firm as supported by extended rally in oil prices. Dollar is following with some lift by rising treasury yields. On the other hand, Sterling
AUDUSD on the hourly chart The AUSUSD in the Asian session based against a swing area (see green numbered circle 8) and moved higher into another swing area (see red numbered circle 9). That high upper swing area stalled the rally and the price moved sharply to the downside. After a corrective move back to
New Delhi, Gold price in the national capital on Tuesday dipped Rs 23 to Rs 47,814 per 10 grams, in line with weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,837 per 10 grams. Silver was flat at Rs 61,835 per kg from Rs
In this article GS GSBD David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs on Tuesday posted fourth-quarter profit below analysts’ expectations as the bank’s operating expenses surged 23% on higher pay for Wall
Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile users, just raised $20 million from investors and from a private sale of its digital currency $STXR. The company will offer decentralized finance (DeFi) crypto-denominated lending outside of traditional banking, as well as investing in tokenized assets, digital versions of assets
Analysts at MUFG Bank expect the EUR/USD pair to trade in the 1.100-1.1650 range during the next weeks. They see the pair moving to the downside, before staging a gradual rebound after the first quarter. Key Quotes: “The pair has found more support closer to the 1.1000-level similar to between 2015 and early 2017, and
Prior -7.4 Outlook 51.7 vs 32.7 expected Prior 29.9 The current conditions reading slumped to start the new year but the key takeaway for me is the sharp jump in the outlook reading. That reveals that investors are more upbeat about overall conditions in the months ahead, with ZEW noting that majority assume that economic
Dollar is making a strong come back in Asian session today, as 10-year yield powers up to 1.85 level. Yen is under some selling pressure after BoJ stood pat as expected, and delivered little surprise other than upgrades in inflation forecasts. But Aussie and Kiwi are currently the weakest one. Canadian Dollar, on the other
USDCHF bottom this week at the floor area The USDCHF peaked on Tuesday at 0.92776. That was short of the December high at 0.92937. On Wednesday, the price fell sharply and in the process cut through its 100 day MA (blue line on the daily chart above) at 0.92128, and the 200 day moving average
Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit to demand from the Omicron coronavirus variant coupled with increased supply disruptions and OPEC+ shortfalls. “This has kept the global oil market in a larger deficit than even our above consensus forecast,” Goldman
The Ethereum upgrade that introduced a partial network fee burning mechanism in August last year has launched on the layer-two scaling network Polygon. Ethereum’s EIP-1559 upgrade shipped with its London hard fork last summer and has been a success in terms of gas price predictability and network fee burning. The upgrade has now launched on
“China’s economy to grow by 4.8% in 2022,” forecasts the global rating giant Fitch during early Tuesday morning in Asia, per Reuters. Additional quotes China’s growth should improve during the second half of 2022, as policy support in mainland China takes effect. Growth across greater China will slow in 2022 following its strong economic recovery
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The 5 year has hit a 2 year high also The 2 year is above 1% for the first time since February of 2020. — Rising US yields were a supportive factor for the USD from mid-2021 or so – it levelled off in December as yields rose elsewhere though. Reuters chart of DXY: ADVERTISEMENT
Canadian Dollar is trading as the strongest one for today, and remains firm after stronger than expected manufacturing sales data. Dollar is currently following, with help by rebound against Yen. Sterling is also slightly weaker, following Yen. Other currencies are mixed for now. Overall, trading is rather subdued with US on holiday. Technically, while Canadian
It’s been a one-way trade in oil since the spike down to $66 in early December but we’re now testing a big resistance level. Brent touched $86.71 today, which is a cent higher than the October high of $86.70, but we’ll call it even since it’s now back to $86.58. What’s more is that the
New Delhi: Gold prices rose by Rs 176 to Rs 47,881 per 10 grams in the national capital on Monday in line with gains in the precious metal in the global markets and a weaker rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,705 per 10 grams.
WTI is trading in the $84.00 per barrel area having dipped back from two-month highs printed earlier in the session. China reserve release chatter and Libya output recovery news hasn’t dented optimism, with WTI still up nearly $9.0 in 2022. Focus on Monday has been on tight conditions in the physical market. Amid holiday-thinned trading