Month: September 2022

The USD is the strongest and the NZD is the weakest as the NA session begins

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The strongest to weakest of the major currencies As the North American session begins, the USD is the strongest and the NZD is the weakest. The USD has moved lower after seeing solid declines yesterday. The EURUSD moved above its 200 hour moving yesterday for the 1st time since September 20, but is now moving
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ForexLive European FX news wrap: Dollar firms, Eurozone inflation hits 10%

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Headlines: Markets: USD leads, NZD lags on the day European equtiies higher; S&P 500 futures up 0.1% US 10-year yields down 5 bps to 3.695% Gold up 0.2% to $1,663.33 WTI crude down 0.1% to $81.15 Bitcoin down 0.2% to $19,468 With month-end and quarter-end in focus, the market moves were scattered in European trading
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Gold gains Rs 406; Silver jumps Rs 905

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Gold price in the national capital rose by Rs 406 to Rs 50,722 per 10 grams on Friday amid a rally in the international yellow metal prices, according to Securities. In the previous trade, the precious metal had closed at Rs 50,316 per 10 grams. Silver also jumped by Rs 905 to Rs 57,436 per
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GBP/CAD Pressing Key Cluster Resistance as Pound Extended Rebound

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Sterling’s rebound extended further overnight as sentiment towards it continued to stabilized. Indeed, the Pound is trading up against Aussie and Canadian for the month. Sterling looks set to have a strong close for the week too. Commodity currencies are generally pressured today, together with steep decline in Japan Nikkei. But there is little risk
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Jobless claims hit five-month low despite Fed’s efforts to slow labor market

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A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., August 19, 2022. Sarah Silbiger | Reuters Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening even as the Federal Reserve is trying to slow
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45% of ETH validators now complying with US sanctions — Labrys CEO

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According to the CEO of blockchain development agency Labrys, Lachan Feeney, approximately 45% of all Ethereum blocks currently being validated run MEV-boost relay flashbots and comply with United States sanctions. Speaking to Cointelegraph in an interview on Sept. 30, Feeney noted that while reports have stated that 25% of all blocks validated since the Merge
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The GBP is strongest of the major currencies

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GBP is the strongest of the major currencies today The GBP is the runaway strongest of the major currencies with gains of 1.02% vs the EUR and up to 2.51% vs the CAD. The GBPUSD trading range is 347 pip vs the 22 day average of 182 pips (around a month of trading). The GBPUSD
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Japan retail sales for August 4.1% y/y (expected 2.8%)

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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
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Oil rises towards $90 as OPEC+ considers output cut

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Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept a lid on gains. Brent crude futures rose 52 cents, or 0.6%, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by 52 cents, or 0.6%, to $82.67.
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Pound Attempting Further Recovery in Consolidation Markets

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The forex markets are generally in consolidation mode today. Risk sentiment is slightly on the off side, but there is no serious selloff in stocks. Treasury yields in US, Germany and UK are trading mildly higher, giving Yen a little pressure. But commodity currencies are the weaker ones. On the other hand, Dollar is firmer
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Erdogan says Turkey will keep cutting interest rates, mocks British pound

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Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar | Reuters Turkey will keep cutting interest rates,
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Nike shares fall as overstocked inventory weighs on earnings

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In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first fiscal quarter despite supply
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The EUR is the strongest and the CAD is the weakest as the NA session begins

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The strongest to weakest of the major currencies The EUR is the strongest and the CAD is the weakest in what has been an up and down (or down and up) day for most currency pairs. The USD is right behind the EUR and mostly stronger as North Amercan session enter for the day. The
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ForexLive European FX news wrap: Dollar finds footing, bonds on edge

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Headlines: Markets: USD leads, CAD lags on the day European equities lower; S&P 500 futures down 0.7% US 10-year yields up 12 bps to 3.825% Gold down 0.6% to $1,650.23 WTI crude up 0.3% to $82.38 Bitcoin down 0.5% to $19,467 After broad relief was seen in markets yesterday, we are seeing a return to
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Gold gains Rs 460; Silver rallies by Rs 1,035

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Gold rose by Rs 460 to Rs 49,960 per 10 gram in the national capital on Thursday amid a rally in prices of the precious metal in international market, according to Securities. In the previous trade, the yellow metal settled at Rs 49,500 per 10 gram. Silver also rallied by Rs 1,035 to Rs 56,230
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Dollar Retreats as Stocks Rebound, Yields Tumble

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Dollar retreated notably overnight, following the rebound in US stocks and steep pull back in treasury yields. But it’s so far staying as the second strongest for the week, next to Swiss Franc, while Euro is third. Sterling stabilized further with another recovery attempt in progress. Commodity currencies are on the weaker side, with New
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