Swiss Franc drops sharply today, as pressured by selling against Euro, and rising treasury yields. Dollar once again tries to recover, but there is no committed buying yet. The greenback traders will carefully scrutinize the comments from Fed officials coming out today and tomorrow, as the annual Jackson Hole Symposium goes along. Meanwhile, commodity currencies
Month: August 2021
The USD mostly higher but only modestly As the North American session begins, the snapshot of the strongest weakest shows the EUR it is strongest and the CHF is the weakest. The USD it is mostly higher but only modestly. US first revision to the GBP will be released at the bottom of the hour with the expectations for growth
US Q2 GDP (second reading) +6.6% vs +6.7% expected Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT The second look at Q2 2021 GDP The advance reading on Q2 was 6.5% Q1 was 6.4% annualized 2020 GDP was -3.4% Personal consumption +11.9% vs +11.8% advance reading GDP price
New Delhi: Gold in the national capital on Thursday dipped Rs 265 to Rs 46,149 per 10 grams, in line with a fall in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, gold closed at Rs 46,414 per 10 grams. Silver also tumbled Rs 323 to Rs 61,653
In this article ULTA Florida, Port St Lucie, The Landing at Tradition, outdoor mall, Ulta, beauty cosmetics store. Jeff Greenberg | Universal Images Group | Getty Images Ulta Beauty shares rose nearly 5% in extended trading on Wednesday after the company reported fiscal second-quarter sales jumped more than 60% as shoppers rushed in to restock
EUR/JPY pares the previous day’s gain on Thursday. Recovery from 127.94 pauses near 129.40, additional gains above the bearish slopping line. Momentum oscillator holds onto oversold zone with a bullish crossover. EUR/JPY snapped the previous four session’s gains on Thursday morning in the European trading hours. The cross opened higher but failed to preserve the
Dollar recovers mildly in Asian session today as selling lost some momentum. On the other hand commodity currencies are turning softer. Australian Dollar continues to be weighed down by surging coronavirus cases, as the State Premier also warned of “lots of pressures” on hospitals. But overall, traders are starting to turn cautious ahead of Jackson
Altcoins and DeFi tokens have been on a tear for the last two weeks and as the end of August approaches many projects are seeing their tokens reach for new all-time highs. Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT)
Level corresponds with the 61.8% retracement level The NZDUSD is trading to new session highs for the day and in the process is testing a break level from last week’s trading and also the 61.8% retracement of the move down from the August high to the August low. Those levels come near 0.69796. Looking at the hourly chart,
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New Delhi: National Stock Exchange (NSE) has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by September 10. The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold. Securities and Exchange Board of
In this article CRM Marc Benioff, billionaire and co-founder and chief executive officer of Salesforce.com Inc., pauses during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2020. World leaders, influential executives, bankers and policy makers attend the 50th annual meeting of the World
EUR/USD staged a rebound after declining below 1.1730. US Dollar Index struggles to preserve its bullish momentum. Durable Goods Orders in US declined at a softer pace than expected in July. After closing virtually unchanged on Tuesday, the EUR/USD pair edged lower during the first half of the day on Wednesday and touched a daily
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Dollar continues to pare back some of this week’s losses in early US session, after slightly better than expected durable goods orders. But strength of recovery is so far relatively weak. Markets are also generally in mixed mode. Euro has litter reaction to worst than expected Germany business climate data, too. Overall, traders are turning
Forex markets pause. The USD is the strongest and the CAD is the weakest as North American traders enter for the day. The major currencies are relatively scrunched together from high to low as traders pause ahead of the Jackson Hole virtual summit on Friday. Nevertheless today, the Durable goods will be released at the
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