Month: March 2021

Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore. Dealers charged up to $5 an ounce over official domestic prices, inclusive of 12.5% import and 3% sales levies, compared with last week’s
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As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today’s most used technologies is bound to increase. This means that it’s only a matter of time before video streaming, digital music and social media see gradual blockchain integrations take place.  Audius (AUDIO) is one project that is chasing the first-mover advantage
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Dollar rises further in early US session after much stronger than expected non-farm payroll report. 10-year yield also surges and it’s now back above 1.6 handle. The greenback in currently the second strongest for the week, only overwhelmed by the oil supported Canadian Dollar. While Swiss Franc and Yen are trying to recover against others,
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Equities stay on the defensive even as bonds are seen calmer so far today European equities are keeping lower with the DAX down 0.8%, with US futures also hinting at softer tones following yesterday’s selloff. Dip buyers were a little interested at the tail-end of Asian trading but the mood has turned since with S&P
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Fed Chair Jerome Powell’s lack of concrete hint on action against rising nominal rates sent treasury yield higher, and stocks lower overnight. Dollar rode on risk aversion and jumped sharply higher. Nevertheless, the greenback’s rally was concentrated against Euro, Swiss Franc and Yen only. Sterling, Canadian, and Australian are indeed still rather resilient. In particular,
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