Markets are generally in consolidative mode today. Dollar turns weaker against Swiss Franc and Yen despite better than expected jobless claims data. But the greenback is just range bound against other major currencies. Commodity currencies are digesting near term gains but losses are so far very limited. Euro is trading sideway against Sterling but weakens
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: Then, special guest Big Cheds shares some technical analysis on trending charts, the factors he looks at
The pair trades to the lowest level since June 25 The USDCAD continues to remain below its 100 hour moving average. The price rises this week all found sellers ahead of that moving average level. The high price today reached 1.23449. The current 100 hour moving averages at 1.23533. Yesterday the test was closer, but sellers once again leaned. The last
The ebb and flow of dealmaking The White House has pushed for a ‘framework’ on a deal this week. Yesterday there was a report about Manchin threatening to leave the Democratic party, so this is certainly an improvement in tone. He also said a child tax credit is being negotiated and that a program is
New Delhi: Capital markets regulator Sebi on Thursday asked investment advisers to refrain from dealing in digital gold, which is an unregulated product. This came after Sebi noted that some registered investment advisers are engaged in unregulated activity by providing a platform for buying, selling or dealing in unregulated products including digital gold. “Undertaking such
In this article IBM Arvind Krishna, chief executive officer of International Business Machines Corporation (IBM), wears a protective mask while attending a meeting with U.S. President Joe Biden, not pictured, in the East Room of the White House in Washington, D.C., U.S., on Wednesday, Aug. 25, 2021. Chief executives from across the business world are
Gold reversed an early North American session dip to the $1,776 area and turned positive for the third successive day, though remained below weekly tops touched earlier this Thursday. Currently hovering around the $1,782-83 region, the risk-off impulse in the markets turned out to be a key factor that acted as a tailwind for the
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -9.81 mmb to 1228.91 mmb in the week ended October 15. Crude oil inventory slipped -0.43 mmb to 426.54 mmb, compared with consensus of a +1.86 mmb increase. Inventory slipped in 3 out of 5
NZD/JPY once paid 7% The days of carry are long gone but perhaps the run in NZD/JPY for the past two weeks reveals that they will soon return. The days of 7% carry in NZD/JPY are long gone but the persistent bid in the pair along with a broader reflationary narrative could continue to underpin
Forex news for Asia trading on Thursday 21 October 2021 CAD, AUD and NZD all traded higher against the USD during the session here with still-solid oil prices underpinning especially CAD (see bullets above). EUR/USD has inched a little higher also while yen, CHF and GBP are all little net changed. There was not a
MELBOURNE: Oil prices turned down after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. Chinese coal prices and other commodity prices slumped in early trade, which in turn pulled
In this article TSLA Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla reported third-quarter earnings after the bell Wednesday, and it’s a beat on both the top and bottom lines. Here are the results. Earnings per share
AUD/USD takes the bids to refresh multi-day high. NAB Business Confidence drops below market forecast and prior in Q3. Market sentiment dwindles amid a sluggish session, US Treasury yields stay firmer. Evergrande’s failure to clinch asset sale deal, hawkish Fedspeak weigh on risk appetite of late. AUD/USD stays bid at 0.7527, the highest level since
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European majors turn generally softer today, in particular, with Sterling paring some gains after strong but lower than expected consumer inflation data. Dollar also weakens with treasury yield dipping slightly while Yen is trying to recover. But overall, Kiwi and Aussie maintain their position as the best performer. US futures are pointing to a flat
Chinese online retail giant JD.com is diving into the nonfungible tokens, or NFTs, industry by introducing a special NFT series for its annual JD Discovery conference. Using its proprietary blockchain platform, JD.com will be distributing commemorative NFT certificates to attendees of the JDD 2021 event in Beijing, the Chinese new agency Sina Finance reported Oct.
S&P and NASDAQ on a five day win streak The major indices are trading marginally higher in early North American trading Dow industrial average up 17 points or 0.05% at 35,474.05 S&P index up 7.27 points or 0.16% 4527.07 NASDAQ index up 26 points or 0.18% at 15155 The S&P and NASDAQ are on a five day
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