Month: March 2021

Daily thread to exchange ideas and to share your thoughts The dollar is keeping steadier after a bit of a mixed day yesterday, with little changes observed across major currencies so far. The pound is a touch weaker as EUR/GBP hugs the 0.8600 level, with cable also tracking just below its key hourly moving averages but holding
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By Tapan Patel Commodity prices traded mixed on Tuesday continuing the trend from the previous session as the bullion prices continued upside extending the previous week’s rally while crude oil prices traded lower on demand growth concerns. Base metals witnessed mixed trade amid China pollution curbs and policy tightening. Here is a look at how
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German Dax has back to back declines after 4 consecutive record closes last week The European major indices are ending the day mostly lower. Italy’s FTSE MIB bucked the trend with a modest gain.   The German Dax fell for the second consecutive day after closing at record levels for the first four days of last week’s trading.
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Brief dollar rally squished The dollar briefly jumped on anxiety about the AstraZeneca vaccine but has since give back those moves. It’s now roughly where it was at the start of New York trade and moderately higher versus EUR and GBP on the day. Equity and bond markets are steady as well, trading little changed
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Trading is generally subdued in the markets today. European indices are stuck in very tight range while US futures point to slightly higher open. Both gold and oil are bounded in consolidative trading. Bitcoin was short to new record high but quickly reversed. In the currency markets, New Zealand and Canadian Dollar are the strongest
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Daily thread to exchange ideas and to share your thoughts The dollar is holding firmer to start the new week, as the selloff in Chinese stocks is seeing the yuan fall against the greenback and the more risk-off mood there is keeping the dollar slightly underpinned ahead of European trading. That said, the mood elsewhere is reflecting
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Edward Fairchild, one of the founders of LA-based cannabis company THC Design, revealed that he “stumbled” into buying an NFT from acclaimed digital artist “Beeple” that has since increased in value by 30,000% since he purchased it in December. Recounting the story in an article published by Business Insider on March 14, Fairchild noted that despite being
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