Month: November 2021

US dollar strengthens during the American session as stocks slide, despite lower yields. EUR/USD finds resistance at the 20-day simple moving average. The EUR/USD pair is moving sideways on Tuesday, unable to hold above 1.1600. Recently it printed a fresh three day high at 1.1608 but it quickly pulled back toward daily lows. It is hovering
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Yen’s rally resumes today while overall market sentiments are mixed. Asian stocks are treading water but US benchmark yield takes another dive. Swiss Franc is following as the second strongest for now. On the other hand, commodity currencies are trading broadly lower, as led by Aussie. Euro and Sterling are mixed. Main focuses will now
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AUD/USD refreshes intraday low, reverses the previous day’s up-moves. Late October low, September’s peak guard immediate upside. Friday’s Doji keeps buyers hopeful despite bearish MACD signals. AUD/USD takes offers to renew intraday low near 0.7390, consolidating the week-start gains during early Tuesday. Although bearish MACD signals hint at the Aussie pair’s further weakness, the 100-DMA
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Major indices in Europe and the session with mixed results The major European indices are ending the session with mixed results.  The provisional closes are showing: German DAX, flat France’s CAC, +0.2% UK’s FTSE 100, flat Spain’s Ibex, -0.6% Italy’s FTSE MIB -0.25% In the European debt market, the benchmark yields are mixed with marginal changes.
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Employment trends from the Conference Board Prior revised to 109.68 This is a composite index of data that’s already been publishes, like initial jobless claims, but it offers a snapshot of a jobs market that’s stronger than any point this century. “The increase in the Employment Trends Index suggests strong employment growth is in store
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New Delhi: Leading stock exchange NSE on Monday said it has completed the delivery of 24.5 kg gold (100 gram) bars in its gold mini options contract. The delivery was executed between East India Securities Ltd and Senco Gold Ltd, the exchange said in a statement. As another step towards market development, NSE also aligned
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