USD/JPY bulls moving in and eye a restest towards 115.20. On the downside, 112.50 is an important level worth noting. USD/JPY has corrected to into hourly support which gives rise to bullish prospects for the sessions ahead. The following illustrates, in a top-down analysis, the potential for a restest of the 114 area towards 115.20.
Month: December 2021
Much volatility is seen in the markets today, in particular in Sterling. The Pound tumbled sharply on news that the UK Government to going to activate a plan B and impose some restrictions as soon as on Wednesday, due to spread of Omicron. Yet, sentiments recovered After Pfizer said results from an initial laboratory showed
Forex news for Asia trading Friday 19th February 2016 Overnight moves lower in stocks and stronger for the yen continued in Asia today. USD/JPY dropped under 113 and remains there as I update, while EUR/JPY was cushioned somewhat by EUR/USD putting on a few added points toward 1.1130. We saw the Reuters Tankan report from
New Delhi: Gold prices rose by Rs 177 to Rs 47,267 per 10 grams in the national capital on Wednesday in line with gains in the precious metal in global markets and a fall in the rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,090 per 10
AUD/USD struggled to preserve/capitalize on its early move to a one-week high. Rising geopolitical tensions acted as a headwind for the perceived riskier aussie. Retreating US bond yields undermined the USD and could help limit the downside. The AUD/USD pair surrendered its intraday gains to a one-week high and was last seen hovering near the
Following return of risk-on sentiment, commodity currencies are currently the best performers for the week. On the other hand, Swiss Franc and Yen are trading broadly lower, followed by Euro and Dollar. The economic calendar is very light today and main focus will be on BoC policy decision. At the same time, we’ll see if
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Stablecoins are an integral part of the the centralized crypto sector and the decentralized finance (DeFi) ecosystems that have sprung up over the course of the past few years because they provide the liquidity needed for traders to easily swap into different assets. They also serve as a shelter against strong downside swings like the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
NEW DELHI: Gold prices were trading flat with a negative bias on Tuesday as a firmer dollar and US Treasury yields weighed on the bullion’s appeal. A stronger dollar raises gold’s costs to buyers holding other currencies, while higher yields increase bullion’s opportunity cost. Gold futures on MCX were down 0.09 per cent or Rs
In this article SFIX The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard/ | Bloomberg | Getty Images Stitch Fix shares tumbled 17% in extended trading Tuesday after the online shopping and styling
Risk-on sentiment is gather steam today with major European indexes trading broadly higher, while US futures point to higher open. WTI crude oil is also up another 2.5% and is back above 70 handle. In the currency markets, Australian Dollar is leading the rebound in commodity currencies, with help from a slightly more upbeat RBA
GBP{/USD trapped within the 1.32’s, eyes on a significant upside correction. The central bank divergences are laying into the hands of the GBP/USD bears. GBP/USD is under pressure but remains within a 50 pip range with support within the 1.3200 vicinities. At the time of writing, cable is down some 0.25% trading between 1.3208 and
Buyers are scoring back on run back above swing levels/highs The USDJPY ran higher yesterday on the back of higher rates and US dollar buying. The pair moved above the old high going back to October 20 at 114.691. The price also moved above the November 2017 swing high at 114.728. It wasn’t until last
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
KUALA LUMPUR: Malaysian palm oil futures hit a one-week high in their second consecutive day of gains on Tuesday, as industry surveys pointed to tightening November production and inventory. The benchmark palm contract for February delivery on the Bursa Malaysia Derivatives Exchange gained 146 ringgit, or 3.07%, to 4,896 ringgit ($1,157.72) a tonne by the
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