CAD/JPY trades to its highest levels since early July The pair has been an interesting one to take note of from a technical perspective since August trading and after holding at the lows in late September close to 85.00, buyers have produced quite a stunning bounce higher in recent weeks. The latest shove in the
Month: October 2021
Not a whole lot going on in the major currencies space Besides the action in the bond market and the yen (↑), there isn’t much else happening as equities are also keeping more muted on the session thus far.Invest in yourself. See our forex education hub. The dollar is holding mild gains against the likes
Mumbai: The Securities and Exchange Board of India(Sebi) on Friday barred the National Commodity & Derivatives Exchange Limited (NCDEX) from launching any new mustard seed contract till further orders. The regulator has asked the agricultural commodity exchange not to allow any new position in respect of the running contracts but only squaring up of position.
A South Korean flag, left, and Samsung Electronics flag fly outside the company’s headquarters in Seoul, South Korea, on July 5, 2019. Jean Chung | Bloomberg | Getty Images Samsung Electronics shares edged higher on Friday after the company said its operating profit for the quarter that ended in September was likely 28% higher than
Here is what you need to know on Friday, October 8: The risk-positive market atmosphere allowed commodity-linked currencies to gather strength on Thursday and made it difficult for the dollar to gain traction. Nevertheless, rising US Treasury bond yields helped the greenback outperform the JPY and the CHF, limiting the US Dollar Index’s downside. The benchmark
Overall markets continue to be rather mixed for now. Commodity currencies rally in Asian session, as led by Aussie, following rebound in the stock markets. On the other hand, Dollar is turning softer again, together with Yen. Euro’s weakness is the more persistent development this week, in particular against other European majors. Trading today might
Tether (USDT), the largest stablecoin issuer by market capitalization, has refuted the details of a Bloomberg story on its reserves holdings. In a Thursday report, Bloomberg journalist Zeke Faux made numerous claims against Tether, including that its chief financial officer Giancarlo Devasini has used the company’s reserves to make investments, that seem to contradict Tether’s
Up for the third straight day The US major indices are closing higher on the day with the NASDAQ index and the Dow industrial average leading the way with gains near 1%. That’s good news. The not so good news is that the gains were much higher. The Dow industrial average was up 1.62% at
Forex news for North American trade on October 7, 2021: Markets: Gold down $7 to $1755 US 10-year yields up 4.5 bps to 1.57% WTI crude up $1.40 to $78.83 S&P 500 up 36 points to 4399 AUD leads, JPY lags It was looking like a bit of a dud day ahead of non-farm payrolls
New Delhi: Gold in the national capital on Thursday rose by Rs 65 to Rs 46,012 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,947 per 10 gram. Silver also gained Rs 490 to Rs
Treasury Secretary Janet Yellen on Tuesday said she believes the economy would fall into a recession if Congress fails to address the borrowing limit before an unprecedented default on the U.S. debt. “I do regard Oct. 18 as a deadline. It would be catastrophic to not pay the government’s bills, for us to be in
FREE Cryptocurrency trading bots by Pionex 👉 https://bit.ly/3Fq9tcH ************************ In the world of technical analysis, there are 2 types of market that exists, trending markets, and ranging markets. Trending market, is when the price is clearly moving in a definitive direction. Ranging markets on the other hand, is a type of market where the price
Australian dollar appreciates to re-test recent highs at 0.7315/20 area. The US dollar loses ground with all eyes on US labor data. AUD/USD remains biased lower while below 0.7370. The Australian dollar is outperforming the rest of the major currencies on Thursday, appreciating beyond 0.6% against a somewhat weaker US dollar. The Aussie has extended
Selloff in Euro remains the main theme in slow markets today. Return of risk appetite is also weighing down Dollar and Yen. On the other hand, commodity currencies are generally strong, with Aussie having an upper hand over Kiwi and Loonie. Sterling is mixed for now, partly supported by buying against European majors. While stocks
A setback for oil at least in the short-term WTI crude is now down over 2% to $75.50 levels while Brent is also marked down to just below $80 on the day, as the retreat from yesterday continues. The retreat in energy prices is playing some part in all of this as the hype cools
Dollar pairs keeping within 10 pips of one another I reckon that pretty much says it all about how FX is performing so far today. There were some slight gains in commodity currencies early but they didn’t amount to much as trading conditions appear to be rather light (pre-NFP lull perhaps?). USD/CAD traded to a
mining stocks have made a lot of money in the past one year, riding on ever increasing spot prices in the international market. Now oil and gas prices have also started surging. This has convinced many in the market that commodities are in a supercycle. However, one domestic mutual fund house believes maybe investors are
A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand. Total application volume fell nearly 7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250
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