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Month: December 2020
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The pound keeps lower on the day amid the ongoing Brexit angst For bank trade ideas, check out eFX Plus The pound is trading to fresh lows for the day, with cable touching 1.3312 and EUR/GBP pushing higher back targeting 0.9100 once again to kick start European trading. The nudge lower in cable sees the
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NEW DELHI: Gold futures were trading almost flat while silver futures rose marginally in Thursday’ s session even as there remains concerns over Brexit and the US stimulus package. In the US, Congress continued talks on additional economic stimulus, with House lawmakers voting to pass a one-week stopgap funding bill to give more time for
Sterling softened again after the Brussels meeting ended with nothing more than comments that UK and EU are still far apart. Yet, traders are still holding their bets for now. Yen and Dollar also shrug off the deep pull back in US stocks overnight. Some fresh selling is seen in Asian session today. Commodity currencies
Teresa Nguyen, a respiratory therapist, goes over a patient’s charts inside a room for people with the coronavirus disease (COVID-19) at a hospital in Hutchinson, Kansas, November 20, 2020. Callaghan O’Hare | Reuters The U.S. economy will recover faster than expected in part because the sectors most susceptible to the most recent coronavirus spread aren’t
Gold Price Analysis: XAU/USD consolidates biggest losses in two weeks with eyes on $1,850 Gold prices nurse recent losses while picking up bids near $1,840 during the early Thursday morning in Asia. The yellow metal not only snapped the two-day winning streak while reversing from the two weeks high but also posted the heaviest declines
More selling in US stocks with the NASDAQ leading the way NASDAQ index falls below its 50 hour moving average for the 1st time since November 23. That moving average comes in at 12423.45. The current price is trading at 12364.723. The current price is testing the low from Friday’s trade at 12356.90. The low price
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Blockstack (STX) might not be on every investor’s radar, but the 72nd-ranked cryptocurrency by market capitalization has been doing some serious work behind the scenes. Blockstack (STX) 1-month chart. Source: Coin360.com The company behind the token was founded in 2013 and raised money from Union Square Ventures, Naval Ravikant, Lux Capital, and Digital Currency Group
Oil prices climbed on Wednesday as news about COVID-19 vaccines lifted investor hopes for a recovery in fuel demand and the U.S. dollar, in which oil is traded, reached 2 1/2-year lows. Brent crude rose 51 cents, or 1%, to $49.35 a barrel by 1405 GMT. U.S. West Texas Intermediate (WTI) crude CLc1> climbed 51
Sterling rebounds strongly today on hope that the physical meeting between the leaders of UK and EU would yield some positive progress on post Brexit trade talks. Yet, traders are not too committed on the bullish side yet, after Prime Minister Boris Johnson reiterated his hard-line stance. Australian Dollar is currently the stronger on ,
A for sale sign is posted in front of a home as interest rates for home loans climbed to nearly 4% in the wake of the election of Donald Trump to be the U.S. president on November 17, 2016 in Miami, Florida. Joe Raedle | Getty Images Mortgage rates fell again, falling to a record
USD/JPY keeps the consolidative mood unchanged for yet another session on Wednesday, always within the 103.70-104.80 range and against the backdrop of alternating risk appetite trends and the generalized bearish view on the dollar. Further rangebound is likely in the near-term, FXStreet’s Pablo Piovano briefs. Key quotes “The combination of the weaker greenback with the
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