Troubled crypto lending firm Celsius is putting their best foot forward to recover operations alongside CEO Alex Mashinsky, who currently stays in the United States, the company has claimed. A spokesperson for Celsius has denied rumors that the company’s CEO tried to flee the U.S. last week amid the ongoing liquidity crisis of the Celsius
USD/CAD fell 21 pips to 1.2875 as the rebound in oil prices continued. The US dollar was mixed as high yields and good economic data competed with end-of-month flows into some beaten-down currencies. The main feature on the USD/CAD chat is the double top at 1.3077/79. The declines in the past two days emphasize that
Markets are looking pensive to start the day, with light changes overall. The early optimism in equities to start the new week was quickly dashed and that is keeping a more cautious undertone as we get into trading today. With a lack of key catalysts, we’re seeing a lack of conviction in general over the
NEW DELHI: Gold prices opened higher on Tuesday but gave up major gains as the session progressed amid a lack of cues. Benchmark US 10-year Treasury yields eased after gains in the previous session, buoying demand for gold. The dollar was steady and its strength has put a lid on prices of greenback-priced bullion in
Canadian Dollar and Swiss Franc continue to be the stronger ones in subdued trading. Euro and Dollar and trailing for now. On the other hand, Aussie and Kiwi are still the underperformer, despite recovery attempt in Asian session. Stock markets are also sluggish while gold and oil are range bound. Focuses will turn to ECB
In this article NKE Nike Air Jordan shoes are seen in the store in Krakow, Poland on August 26, 2021. Jakub Porzycki | Nurphoto | Getty Images Nike on Monday topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter, as the sneaker giant overcame a Covid lockdown in China and tougher climate for
The relentless underperformance of the Hungarian forint in recent days will put additional pressure on Hungary’s National Bank (MNB) when it holds its monetary policy meeting today. Economists at Commerzbank expect the HUF to weaken if MNB hikes by only 50 basis points (bps). Pressure on MNB “HUF weakness has triggered some revision of expectations
Get the Technical Analysis for FedEx Stock (FDX) in 2 minutes FDX is inside a potential bull flag. Bullish flag formations are effective continuation patterns in strong uptrends. The “pole” of the flag arises from a stock’s vertical increase; the “flag” is from consolidation (when the stock trades in a range, typically sideways to slightly
Part of OPEC’s power is its ability to make markets believe it can control prices. Lately, they’ve been offering hints that they have more spare capacity. The main reason to do this is to bluff producers elsewhere on the usefulness of drilling more. Why drill and explore when Saudi Arabia can just pump? On the
Gold traded well within the range seen for the last few days but ended lower marking its second weekly decline. Gold traded in a narrow range above $1800/oz and ended last week with a modest 0.6 per cent decline. Gold has been stuck in a range as the central banks’ emphasis on monetary tightening has
Price actions in forex markets are indecisive today. Dollar is trying to rise after better than expected durable goods orders. It’s also support by recovery in treasury yields. But there is no follow through buying. Canadian Dollar is still the relatively firmer one while Euro is also up slightly. Yen and Aussie are the weakest
Euro gains as European yields move higher. US dollar weakens as markets avoid a correction after last week’s rally. EUR/USD rises back above the 20-day SMA. The EUR/USD rose further during the American session and climbed to 1.0614, reaching the highest level in two weeks. The euro pulled back under 1.0600. It is holding
Cryptocurrency lending platform Nexo has hit back at what it called “fake news” and rumors that its founders were part of a charity embezzlement scandal, saying the claims are untrue and defamatory. It has issued a public cease and desist notice to the originator of the allegations. In a blog post about the claims, Nexo
Risk tones are more measured on the day but the yen is holding a little firmer as USD/JPY continues a bit more of a scuffle around the 135.00 mark. The dollar is trading more mixed though the technicals over the past week are hardly suggestive of much. The only potential big move was the jump
NEW DELHI: Gold prices gained on Monday amid reports Western nations are planning to officially ban imports of the metal from Russia. Four of the Group of Seven (G7) rich nations moved to ban imports of Russian gold on Sunday to tighten the sanctions squeeze on Moscow and cut off its means of financing the
The forex markets are rather quiet in Asian session today, even though risk sentiment is positive. Most major pairs and crosses are staying inside Friday’s range, even though Yen is slightly stronger with Swiss Franc and Euro. Commodity currencies are generally soft, except Canadian, which is indeed trading notably higher against Aussie and Kiwi. Technically,
Strategists at Goldman Sachs Group Inc provide their outlook on the high-yielding emerging-Asia currencies, citing that they are likely to remain under pressure, courtesy of worsening external finances and Fed tightening-led adverse market sentiment. Key quotes “Along with the broader emerging market currency complex, high-yielding currencies like the Philippine peso, Indian rupee and Indonesian rupiah have been
USDCAD holding near 100 hour moving average The USDCAD has dipped modestly on the higher CPI inflation and in the process took a peek below the 100 hour MA at 1.29683. The low price reached 1.2963, but has already moved back toward the pre-release level of 1.2978. Earlier today in the early Asian session, the
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