GBPJPY up over 1% on the day The USDJPY is trending higher and is now trading at the highest levels since April 9 – moving above the May high at 109.78 in the process. The GBPJPY is outpacing that trend move gain, with a run higher of over 1% for the GBPJPY pair. The GBP is the strongest of the majors
Month: May 2021
Forex news for Asia trading on Friday 28 May 2021 USD/JPY has been relatively stable during the session here after its strong rise Thursday. Highs were just over 109.90. Cable backed off just a touch from its strong Thursday rally, back to circa 1.4185 as I post. EUR and NZD have lost a few tics
SINGAPORE: Oil prices pushed higher on Friday, supported by firm U.S. economic data and expectations of a strong rebound in global fuel demand in the third quarter, while concerns eased about the impact of any return of Iranian supplies. Brent crude futures for July gained 16 cents, 0.2%, to $69.62 a barrel by 0050 GMT
Overall markets are mixed for now, except the clear strength in New Zealand Dollar this week. While Aussie is also trading higher against others, it’s lagging Kiwi by a mile. Dollar recovered overnight but once again lost momentum quickly. Canadian Dollar has also found some footing after yesterday’s pull back. In other markets, Asia markets
In this article CRM Marc Benioff, CEO of Salesforce. Adam Jeffery | CNBC Salesforce shares rose 2% in extended trading on Thursday after the cloud software maker reported fiscal first-quarter earnings that surpassed analysts’ expectations. Here’s how the company did: Earnings: $1.21 per share, adjusted, vs. 88 cents per share as expected by analysts, according
In response to a China Daily editorial piece, citing that forced labor in the US is slavery in disguise, Lijian Zhao, a spokesman for the Chinese Foreign Ministry, tweeted out, “almost 150 years after the US abolished slavery, forced labor continues in the country.” Additional tweets “American politicians have been trying to pass the country’s
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The U.K bank with the worst record for dealing with scam complaints has issued a cryptocurrency scam alert. NatWest, which was rated as the worst U.K bank for accurately discerning legitimate fraud complaints in 2020, sent the warning to users of its mobile banking app after it reportedly received a record number of scam reports
Finds support buyers… The USDCHF in the Asian session found resistance sellers against its 200 hour moving average (green line). The subsequent fall saw the price move below the 100 hour moving average before finding support against a lower swing area between 0.8953 and 0.89599. The upper end of that range stalled the fall, and the
Some of the details US Senate Republicans have offered a $928B infrastructure plan that includes $506B for roads, bridges and major projects. Democrats have said their floor is $1.7 trillion and this proposal taps into unspent stimulus money. I don’t see a way forward here but if there is a bipartisan deal, I expect it
NEW DELHI: Gold declined by Rs 319 to Rs 48,223 per 10 gram in the national capital on Thursday amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal closed at Rs 48,542 per 10 gram. Silver also went lower by Rs 1,287 to Rs 70,637 per kilogram from Rs 71,924
Sterling jumps broadly today as a BoE officials indicated that rate hike could come next year. UK Prime Minister Boris Johnson also said there is nothing in data that suggests a delay to reopening on June 21, even though some more time is needed to assess the situation. Nevertheless, Canadian Dollar is even stronger for
The U.S. jobs market edged closer to its pre-pandemic self last week as initial jobless claims totaled just 406,000 for the week ended May 22, the Labor Department reported Thursday. While that level is still well above the norm before Covid-19 struck in March 2020, it is the closest to the previous trend since the
Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy said Thursday that sales grew 36% in the fiscal first quarter, as shoppers’ stimulus-fueled spending spree included consumer electronics. Shares of the company nearly
NZD/USD is rising for the fourth straight day on Thursday. US Dollar Index continues to fluctuate around 90.00. Mixed data releases from US fail to trigger noticeable market reaction. After posting strong daily gains on Wednesday, the NZD/USD pair preserved its bullish momentum and continues to trade in the positive territory on Thursday. As of
Nvidia releases earnings after the close the major US indices are ending the session with mixed results. The Dow 30 is closing lower. The Russell 2000 index up small-cap stocks is closing up around 2%. The Dow and S&P are on track for a monthly gain the NASDAQ remains on track for a down month.
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