GBP/USD lacked any firm directional bias and seesawed between tepid gains/minor losses. Receding Omicron fears acted as a tailwind for sterling and extended some support. Traders seemed reluctant to place aggressive bets amid the end-of-year thin liquidity. The GBP/USD pair refreshed a daily high in the last hour, albeit quickly retreating a few pips thereafter, and
Bitcoin (BTC) whales are the center of attention again this week as large transactions flow back to exchanges. Data from on-chain analytics platform CryptoQuant on Dec. 24 shows that relatively, whales are increasing their presence as potential sellers. Action stations as Bitcoin climbs to $51,000 According to CryptoQuant’s Exchange Whale Ratio indicator, the proportion of
China is going against the global tide of normalization of monetary policy. The PBOC announced to cut the one-year loan prime rate (LPR) by -5 bps to 3.8%, first time April 2020. This, together with the reduction in RRR and increase RRR on foreign currencies earlier this month, indicates that the country’s economic recovery is
> Forexlive Asia-Pacific FX news wrap for Friday 24 December 2021 Session wrap Forex news for Asian trading on Dec 24, 2021 Just the bullet-point links to the headlines today folks. Not a lot of major rate forex movement of note. Merry Christmas to all! The Japanese CPI figures for November showed once again CPI
The GBPUSD has trended lower in 2021 The EURUSD has seen the price move down in 2021. In fact the high for the week was reached in the first week of the year (on January 6) at 1.23488. The low for the week was reached toward the end of November at 1.11853 (on November 24).
TOKYO: Oil prices fell on Friday in thin, holiday trade after a three-day rally, with investors trying to gauge the Omicron coronavirus variant’s impact on demand. Brent crude futures slid 29 cents, or 0.4%, to $76.56 a barrel by 0205 GMT, following a 2.1% gain in the previous session. The benchmark was still on track
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Australia finally matched market expectations of shortening the gap between two vaccine doses and a booster, after staying silent over the move in Wednesday’s cabinet meeting. Australia Health Minister Greg Hunt took the honor to announce the same on early Friday morning in the Asia-Pacific zone. It’s worth noting that the previous gap between the
Sterling’s rally picks up some strong momentum in pre-holiday trading. Meanwhile, overall steady to risk-on sentiment is also lifting Aussie and other commodity currencies. On the other hand, Euro is under tremendous pressure, thanks to selloff against the Pound. Dollar, Yen and Swiss Franc are also soft, with the greenback shrugging off strong PCE inflation
New home sales 0.744M in November US November new home sales 0.774M versus 0.777M estimate The new home sales jumped 12.4% above the October revised level of 0.662M new home sales year on year is down -14% vs November 2020 (865,000) new houses for sale 402,000 median sales price $416,900 the average sale price came
NZDUSD trades between swing areas on the hourly chart The NZDUSD has been trading in an up and down trading range today after the sharp rise higher yesterday. The price action has been mostly center between the lower swing area between 0.6798 and 0.6806 and a higher swing area between 0.6833 and 0.6838. There have
New Delhi: Gold in the national capital on Thursday gained Rs 140 to Rs 47,268 per 10 gram in line with strong international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,128 per 10 gram. Silver also jumped Rs 290 to Rs 61,099 per kg from
A combination of factors pushed GBP/JPY higher for the third successive day on Thursday. Receding Omicron fears turned out to be a key factor behind the sterling’s outperformance. The risk-on mood undermined the safe-haven JPY and remained supportive of the move up. The GBP/JPY cross continued scaling higher through the first half of the European
Bitcoin (BTC) stuck rigidly to its tight range on Dec. 23 as price action continued to contradict strong buying activity. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hodlers busy accumulating Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to hold $49,000 after hitting ten-day highs. The pair remained stuck in a trading zone only
Yen and Dollar are currently the weakest ones for the week, but both are bounded inside last week’s range against most other currencies. The development is in line with the stock markets, where major US indexes closed higher overnight, but stayed in range too. Australian and New Zealand Dollar are currently the strongest ones for
Gold prices held steady in holiday-thinned trade on Thursday, as a weaker offset renewed risk appetite fuelled by an encouraging Omicron study and increased optimism around the global economic outlook. FUNDAMENTALS * Spot gold was little changed at $1,806.85 per ounce by 0218 GMT. U.S. gold futures were up 0.3% at $1,808.20. * The metal
HOUSTON, TEXAS – AUGUST 12: A newly sold home is shown on August 12, 2021 in Houston, Texas. Home prices have climbed during the pandemic as low interest rates and working from home has become more abundant. Home prices around the country continue to surge in the second quarter as strong demand continues to overwhelm