In opinion of FX Strategists at UOB Group, Cable is now seen navigating the 1.3600-1.3830 range in the near term. Key Quotes 24-hour view: “We noted yesterday that GBP ‘is unlikely to weaken further’ and we expected GBP to ‘consolidate and trade between 1.3585 and 1.3670’. Our view for consolidation was incorrect as GBP dipped
Month: July 2021
Leading contemporary artist Damien Hirst’s NFT drop dubbed “The Currency” has been oversubscribed by more than six times. The Currency drop consists of 10,000 unique colorful dot pattern artworks with a corresponding NFT for each piece. Applications for the NFT drop closed on July 22, and Heni Group, who hosted the sale, revealed that 32,472
The NASDAQ index leads the way in a close finish The major stock indices are all surging into the close and closing near their highs for the day Dow S&P, NASDAQ post 2-day gains Dow S&P and NASDAQ erase losses from Monday’s a selloff Dow has best today rally since early March S&P and NASDAQ
Forex news for North American trade on July 21, 2021: Markets: Gold down $6 to $1803 US 10-year yields up 8.3 bps to 1.29% S&P 500 up 36 points to 4358 WTI crude up $3.08 to $70.28 CAD leads, JPY lags As you can see, there wasn’t much to move the fundamental needle on Tuesday
LONDON: Oil prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due to rising COVID-19 infections. Brent crude futures gained 97 cents, or 1.4%, to $70.32 a barrel at 1136 GMT,
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +4.42 mmb to 1275.28 mmb in the week ended June 16. Crude oil inventory increased, for the first time since mid-April, by +2.11 mmb (consensus: -4.47 mmb) to 439.69 mmb. Stockpile increased in 3
Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about the problems inflation could pose for lower-income families looking to buy homes at a time
In this article JNJ In this photo illustration a Johnson & Johnson logo is seen in front of a medical syringe and a vial with coronavirus vaccine. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Johnson & Johnson said Wednesday it expects to sell $2.5 billion of its Covid-19 vaccine, even as concerns
Silver is on the defensive following the erosion of the 55-week moving average, argue analysts at Commerzbank. They point out the area around 24.65, guards the next support at 24.21. Key Quotes: “Silver has eroded the June low at 25.53 and the 55-week ma to leave the market on the defensive.” “It has sold off
Higher Treasury yields is helping to see yen crosses a little higher today After Monday’s sharp drop, USD/JPY saw a solid rebound yesterday and that is continuing today as Treasury yields are also bouncing back. 10-year yields are up by nearly 4 bps to 1.245% and that is helping to provide the market with some
Risk trades stick with the rebound from yesterday 10-year Treasury yields are now up 4 bps on the day to 1.25% and equities are also trading higher in general, with European indices holding gains around 0.9% to 1.5%. The Spanish IBEX is leading the charge and is up by nearly 2% on the session now.
London copper prices fell on Wednesday, dented by a stronger dollar which rose on worries about climbing COVID-19 cases worldwide. Three-month copper on the London Metal Exchange fell 0.5% to $9,2792 a tonne by 0732 GMT. The most-traded August copper contract on the Shanghai Futures Exchange tracked overnight gains in London to close up 0.2%
While US stocks staged a strong rebound overnight, the moves didn’t follow through in mixed Asia. There is also little reaction in the currency markets. Yen and Dollar remain the strongest ones for the week, despite retreating mildly. New Zealand Dollar is the worst performer, followed by Aussie and then Sterling. Euro is not performing
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters The Covid-19 recession is in the books as one of the deepest — but also the shortest — in U.S. history, the official documenter of economic cycles said
In this article KO A shopper scans a case of Coca-Cola Co. soft drinks at a store in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021. George Frey | Bloomberg | Getty Images Coca-Cola is expected to report its second-quarter results before the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are
In today’s tutorial, we will explain exactly how to trade the 3 Bar Reversal Pattern (also known as the 3 Bar Play) with a Simple Forex Trading Strategy. The 3 Bar Reversal Pattern (or 3 Bar Play), is a Price Action Strategy used by both Beginner and Advanced Traders alike that does not require any
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