Dollar rebound continues in Asian session today and trades generally high. Weakness in more notable in Aussie and Euro, as both turn soft in crosses. Overall risk sentiment is slightly negative, with particular deep selloff in Hong Kong stocks, but Nikkei remains resilient. The economic calendar is very light today and movements in the currencies
USD/JPY trades up to a session high of 110.14 The dollar is slightly firmer to start the new week and that is keeping USD/JPY a little buoyed as the pair moves up nearly 0.2% to 110.14 currently.Invest in yourself. See our forex education hub. In the grand scheme of things, the push and pull in
Daily thread to exchange ideas and to share your thoughts The dollar is keeping in good stead to start the new week as it looks to build on the gains last week as Fed speakers continue to reaffirm the taper narrative for now. The US CPI data tomorrow is a key risk event to add to the
Bitcoin (BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What’s next? Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased most of its subsequent recovery. The weekend produced little by way of a paradigm shift, and
Ravindra RaoMCX Gold futures has dipped below the 20-day EMA support of Rs 47,250, suggesting a possible correction. The Bollinger band analysis on the daily charts suggests a consolidation phase as price is hovering around the midline of the band. The support holds around Rs 46,750, followed by Rs 46,500 (-2 SD). On the flipside,
Job openings outnumbered the unemployed by more than 2 million in July as companies struggled to fill a record number of vacancies, the Labor Department reported Wednesday. The department’s Job Openings and Labor Turnover Survey, which the Federal Reserve watches closely for signs of slack in employment, showed 10.9 million positions open. That was much
The GBP is facing some downward pressure amidst headlines from two Bank of England (BoE) policy makers and potential tax hikes by the UK government to pay for health and social care. Economists at HSBC have long argued that GBP/USD should be lower and these forces help to cement that thinking. See: GBP/USD to break above
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The high today stalled against a swing area at 0.74095 The AUDUSD as seen a up and now down trading day. The pair is close to the closing level from yesterday. The move to the upside was able to extend back above its 100 hour moving average (blue line in the chart above). However, after moving up
A few items over the weekend for oil & energy traders to take note of. Reuters on German Chancellor Angela Merkel, tried to soothe fears over the Nord Stream 2 gas pipeline on Saturday: “I made clear that it is our concern that Ukraine will remain a transit land for Russian gas” Merkel said during
Pune: An ongoing drive to collect data about edible oil and oilseed stocks with the trade and industry will help deter hoarding and bring relief to consumers on prices, union food secretary Sudhanshu Pandey said on Friday. In an interaction with the media, Pandey predicted prices to start cooling from October. “To minimise the possibility
U.S. businesses are experiencing escalating inflation that is being aggravated by a shortage of goods and likely will be passed onto consumers in many areas, the Federal Reserve reported Wednesday. In its periodic “Beige Book” look at the nation’s economic picture, the central bank also reported that growth overall had “downshifted slightly to a moderate
US Stocks Technical Analysis Elliott Wave Forecast overview: Markets are very close to the top of Intermediate Wave (3) top caution is required over the week ahead. Elliott Wave Analysis Wave Count:Amazon AMZN Elliott Wave v of (v).Alphabet GOOGL Elliott Wave (v) of v) of 5 of (3).Apple AAPL Elliott Wave v) of 5 of
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Euro and Swiss Franc weaken mildly in mixed markets today. New Zealand Dollar firms up together with Yen and Dollar. Meanwhile, Canadian Dollar is also soft, awaiting BoC policy decision. Major European indices are trading in red, but losses are limited. US futures also point to slightly lower open. Gold is trying to reclaim 1800