What’s on the economic calendar today It’s a unusual day on the economic calendar. The US is back from holiday but the lone economic indicator is TIC flows, which aren’t a market mover. Earnings have been rolling out with Goldman Sachs easily beating estimates and rising 2% while Bank of America missed on revenue and
Month: January 2021
NEW DELHI: Gold futures prices in the domestic market continued its downward journey in the morning trade for another day on Tuesday bucking the trend in the international market, but the losses were limited as India sped up vaccine deployment. However, silver futures edged higher riding on a wave of news including upcoming stimulus packages
Asian markets are trading in strong risk-on mode today, with particular strength seen in Hong Kong. DOW future is also currently up 150 pts, as markets look forward to US Treasury nominee Janet Yellen’s confirmation hearing. Yen is back under heavy selling pressure, followed by Dollar and Swiss Franc. Australian Dollar is leading commodity currencies
The AUD/USD pair is set to complete an irregular top below 0.7666/43, with next support then seen at 0.7502, which is expected to provide a solid floor, according to economists at Credit Suisse. Key quotes “AUD/USD is starting to succumb to its dramatic loss of momentum and with a momentum top now confirmed, we shift
EUR/GBP buyers put up another defense at 0.8866-67 The pound has slumped to fresh lows on the session, with cable now dropping to 1.3533 and testing a break of the 61.8 retracement level of its recent swing higher @ 1.3547 and also a key trendline support from 21 December (seen below). But the push lower
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Researchers wishing to apply to New York-based Red Balloon Security have to complete an unusual technical interview as part of their application process: unlocking a hard drive containing crypto. According to a report from Business Insider, Red Balloon sends the hard drives to certain candidates for cybersecurity research positions at the firm. Anyone who has
Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy. Brent crude was down 16 cents, or 0.3%, at $54.94 per barrel at 1445 GMT, and West Texas Intermediate U.S. crude
Commodity currencies remain generally weak today on mixed market sentiments. On the other hand, Yen, Swiss Franc and Dollar are the strongest. Euro remains soft too, but recovery in crosses, in particular against Sterling, is limiting its downside for the moment. Gold also stabilizes back in prior range after initial selloff. With US markets on
WTI clings to mild gains above $52.00 after bouncing off lowest in six days. US dollar weakness, virus woes battle off in America and rising rig counts. US-Iran tension, Gaza-Israel conflict fail to entertain oil traders. US dollar moves, risk catalysts will be the key amid delayed inventory data. WTI fades recent corrective pullback from
Gold woke up on the wrong side of the bed following the weekend but is managing to hold up for the time being Precious metals are among the notable movers today with gold having witnessed a drop to near $1,804 to start the day before rebounding by $36 to $1,840 at the start of European
The EU looks to extend the deadline from the end of February to some time in April instead, according to RTE News RTE’s Europe editor, Tony Connelly, tweets on the matter: The EU will seek an extension to the deadline by which the free trade agreement with the UK must be ratified, @rtenews has learned.
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Been a hodler? My BTCUSD longs were sold well before the $20,000 peak was hit last year on a trend line break. See here and here. However, I have had a number of questions posed to me about BTCUSD. Some folks have bought in at very low prices and are sitting pretty with some hefty
Soybean prices on Monday fell by Re 1 to Rs 4,749 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery declined by Re 1, or 0.02 per cent, to Rs 4,749 per quintal with an open interest
Dollar opens the week generally higher, as supported by comments from former Fed chair Janet Yellen. Though, at this point, Yen mildly stronger while Swiss Franc is also firm. The triple argues that there is some underlying cautiousness in investor sentiments, despite solid Q4 China data. That’s also reflected in the general weakness in commodity
Economists at Danske Bank expect the EUR/NOK pair to continue moving downward towards 10.10 over this quarter but with limited downside potential below that level. Key quotes “Norges Bank’s NOK buying, higher NOK rates and bid oil add tailwinds for the NOK near-term and we see EUR/NOK moving to 10.10 in 3M.” “We identify NOK
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