Up and down activity but above 100/200 hour MA The RBA Rates unchanged and kept a more dovish stance as Governor Lowe said “inflation and wage pressures are subdued” and that a pickup in prices is expected to only be “gradual and modest”. Despite the less hawkish comments the dips in the AUDUSD have been bought. The pair did dipped below its
Month: June 2021
WTI pares gains WTI rose as high as $68.87 but it’s now a dollar below that level at $67.81 with all the selling coming in the past 20 minutes. There’s no news from OPEC+ but we could be seeing some profit taking or similar negativity to what we’re seeing in other commodities. Gold earlier reversed
NEW DELHI: Gold rose by Rs 285 to Rs 48,892 per 10 gram in the national capital on Tuesday following a rally in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,607 per 10 gram. Silver also jumped Rs 952 to Rs 71,850 per
Canadian Dollar jumps broadly today, following upside breakout in oil price, and partly supported by solid GDP growth data. Australian Dollar is following as the second strongest, while Dollar is also rebounding. On the other hand, Sterling reversed earlier rallies after failing to sustain above a key resistance against Dollar. Subsequent selloff sends the Pound
The Canadian economy rose at a 5.6% rate during the first quarter according to data released on Tuesday, slightly below expectations. According to National Bank of Canada analysts, the report does not change their view for strong growth in the second half of 2021. Key Quotes: “While real GDP growth in Q1 was below consensus
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In today’s video, we’re going to talk about breakout trading. We will cover some of the best trading tactics used to trade breakouts by professional traders. Breakout trading is one of our favorite entry types when trading the markets. This strategy has been responsible for some of my largest gains over the years. In this
WTI up 1% just above $67 currently Oil is trading close to its best levels for the year and from a technical perspective, may be set for a surge of gains if it can hold a daily close above $67 with a firm break above the $68 level preferable for buyers to extend the upside
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In an increasingly crowded marketplace for marketplaces, Binance is going on the offensive with a business development push aimed at bringing “100 Creators” to their forthcoming NFT platform. In a press release today, Binance announced a drop from Misha Most, a noted street artist who currently holds the world record for the largest wall mural.
Gold prices on Tuesday traded near a five-month high scaled last week, supported by a softer dollar and growing inflationary pressures, while investors awaited key U.S. data that will provide a clearer picture on the global economy’s recovery path. Spot gold was steady at $1,907.54 per ounce by 0048 GMT. Last week, gold prices hit
Trading continue to be relatively subdued as US and UK are both on holiday. Sterling is mildly softer, followed by Dollar, and Swiss Franc. On the other hand, Australian Dollar is strengthening mildly, ahead of RBA rate decision in the upcoming Asian session. It’s highly unlikely for the central bank to alter the forward guidance
Analysts at HSBC raised their forecasts on the Chinese yuan, as they see the currency strengthening more than expected recently. Key quotes “Q2 6.25 vs. prior forecast at 6.5, Q3 6.45 vs. 6.5 previous. “ “By end-2021, USD/CNY will revert to 6.6.“ “Net FX inflows to China have moderated slightly YTD.” “Expect this narrowing trend