Month: June 2021

Dollar surges overnight after much hawkish than expected Fed interest rate projections. The case of near term bullish reversal continues to build up and there is prospect of further rally before weekend. Markets are relatively mixed elsewhere though. Australian Dollar is lifted by strong job data while New Zealand Dollar is supported by strong GDP.
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Gold price snapped its recovery mode and resumed its downtrend, now flirting with fresh monthly lows just above $1800. Resurgent supply in the European session prompted another downswing for gold price, as the dead cat bounce witnessed earlier in the Asian trades vanished. The European traders hit their desks and reacted to Wednesday’s US Federal
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CNN has followed Fox and Time Magazine into the NFT market, announcing the launch of collectible historic moments from the news. CNN’s NFT project is dubbed “Vault by CNN: Moments That Changed Us” and includes a series of tokenized iconic moments from its 41-year history, along with a vault to purchase, store and display the
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LONDON: Oil prices are likely to be extremely volatile in the next few years, driven by supply constraints rather than demand as financing for new production evaporates in favour of renewables, US-based Castleton Commodities International said. “You could see spikes to even higher than $100 a barrel, even $130, and you could also see it
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Dollar softens quite notably in early US session as markets await FOMC rate decision. Though, Swiss Franc and Euro appear to be slightly weaker. On the other hand, Kiwi and Aussie are strengthening mildly but Canadian Dollar shrugs off stronger than expected consumer inflation data. Sterling also firms up mildly earlier today, but lacks follow
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USD in focus The bottom line is that no change is expected tonight in terms of interest rates or bond tapering. However, the interesting part of tonight will be on the economic and inflation forecasts along with the interest rate projections. Here is what a survey of51 economists expect who were surveyed between June 04-June
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