The 100 hour moving average could not be broken on the move lower The USDCAD is lower on the day, and in the process broke back below its 100 day moving average of 1.23884. The price has been trading above and below that moving average over the last two trading days. The move lower extended toward its rising 100 hour
Month: July 2021
ISM manufacturing PMI for June 2021 Prior 61.2 Prices paid 92.1 versus 88.0 last month New orders 66.0 versus 67.0 last month Employment falls below the 50 level at 49.9. Last month the index came in at 50.9 Production 60.8 versus 58.8 last month. Supplier deliveries 75.1 versus 78.8 last month inventories 51.1 versus 50.8 last
NEW DELHI: Gold in the national capital on Thursday rallied Rs 526 to Rs 46,310 per 10 gram in line with a strong recovery in global precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,784 per 10 grams. Silver also gained Rs
Dollar surges sharply against Yen today and maintains gain after better than expected job data. Though, the greenback is retreating mildly against other major currencies, as traders are probably lightening up their positions first ahead of tomorrow’s non-farm payrolls. Comments from ECB and BoE officials gave Euro and Sterling some support. But they’re not enough
U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. Justin Tallis | Reuters WASHINGTON – Treasury Secretary Janet Yellen announced Thursday that a group of 130 nations has agreed to a global minimum tax on corporations. If widely
In this article GM Brand new Chevrolet cars are displayed on the sales lot at Stewart Chevrolet on May 14, 2021 in Colma, California. Justin Sullivan | Getty Images DETROIT – General Motors’ U.S. vehicle sales during the second quarter were slightly lower than analyst expectations as an ongoing shortage of semiconductor chips impacted vehicle
On Friday, the US official employment report is due. Market consensus is for an increase of 690.000 in payrolls. According to analysts from TD Securities, the US dollar needs a very impressive report to rise further from the current level, as some upside hopes are already priced. Key Quotes: “Payrolls probably surged again, with the
Twitter CEO Jack Dorsey has again rejected the idea of him buying into Ether (ETH) despite the social media platform’s activities with Ethereum-based nonfungible tokens (NFTs). On Wednesday, the social media platform announced a giveaway through Rarible, a major NFT platform utilizing the Ethereum blockchain network for minting digital collectible tokens. But despite Twitter releasing
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S&P closes at a record high The US stocks are ending the session mixed with the Nasdaq down, and the Dow and S&P higher. The S&P closed at a record high. Today is month end, quarter end and the end of the 1st half of the year. The numbers for each are showing: S&P is
Commentary on oil influences from ANZ (this in summary): signs of a tight market emerged ahead of the key OPEC meeting Negotiations over Iran’s nuclear program are facing renewed delays … . talks have broken down as both Iran and the US refuse to budge from their positions US shale producer ConocoPhillips also indicated the
Prices of copper, often used as a gauge of global economic health, climbed on Thursday as solid US data boosted optimism over a strong recovery in the world’s biggest economy. US private payrolls increased more than expected in June as companies rushed to boost production and services amid a rapidly reopening economy. Three-month copper on
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks declined -4.58 mmb to 1278.28 mmb in the week ended June 25. Crude oil inventory slumped -6.72 mmb (consensus: -4.69 mmb) to 452.34 mmb. Stockpile decreased in 4 out of 5 PADDs. PADD 3 (Gulf
A “For Sale” sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images Record high home price appreciation is sidelining ever more buyers and finally taking the bang out of the pandemic-induced housing boom. Weekly mortgage demand is falling along with it, down 6.9% for the week according to
Gold price is building on Wednesday’s rebound from two-month lows of $1750, although the bulls seem to lack follow-through momentum, as the US dollar holds the higher ground. The risk-off sentiment remains at full steam amid growing concerns over the rapid spread of the Delta covid strain, especially in the Asia-pac region. Meanwhile, rising expectations