Month: August 2021

GBP/USD witnessed an aggressive short-covering move on Monday amid a broad-based USD weakness. The set-up favours bearish traders, warranting some caution before positioning for any further gains. The GBP/USD pair refreshed daily tops heading into the North American session, with bulls looking to build on the momentum further beyond the 1.3700 mark. The mentioned handle coincides
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The January/February highs between 1.2669 and 1.2880 were broken earlier, but price has moved back below The USDCAD continued its run higher today with the pair breaking above its 2021 highs between 1.2869 and 1.2880 (from January and February).  The break saw increase momentum and the pair moving up to the next target area between 1.2926 and 1.29578 (see yellow area
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Jibun / Markit flash manufacturing PMI for August, wilting from July but still in expansion.  Services: 43.5 (vs. July’s 47.4)  Composite: 45.9 (July 48.8) Commentary from the report, in brief: weaker demand to ongoing COVID-19 restrictions, coupled with sustained supply chain pressures decline in overall private sector activity was led by the larger services sector,
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Blockchain fintech company XREX has concluded a $17 million pre-A investment round led by a consortium of global investors, underscoring heightened institutional demand for crypto-focused startups.  The consortium was driven by CDIB Capital Group, a publicly traded company in Taiwan, and includes investors from major banks and venture capital firms in North America, Europe and
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In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.4969 vs the last close 6.5012. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not as tightly controlled. Each morning, the People’s
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In this article CSCO Cisco’s Chairman and CEO Chuck Robbins. Chesnot | Getty Images News | Getty Images Cisco shares moved slightly lower in extended trading on Wednesday after the networking hardware company reported earnings that exceeded analysts’ expectations. Here’s how the company did: Earnings: 84 cents per share, adjusted, vs. 82 cents per share
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