Swiss Franc is the winner so far today, as Dollar and Yen pare back some of last week’s gains. Meanwhile, Euro is also soft after poor investor confidence data. On the other hand, New Zealand Dollar is following closely as second strongest, on anticipation of RBNZ rate hike later in the week. Other currencies are
Month: October 2021
Price of the GBPUSD is up for the 3rd consecutive day The GBPUSD pair is trading higher for the third consecutive day. In the process the pair has moved above the 50% midpoint of the last trend move lower from the September 23 high at 1.35805 and the falling 200 hour moving average at 1.35925. The price last traded above the
Reuters report Glencore, Gunvor, Trafigura and Vitol are among commodity trading house that have been told to deposit “hundreds of millions” of dollars of margin to cover exposure to rising gas prices, Reuters reports. The calls are forcing the companies to tie up more capital. The firms have long-term contracts to buy US LNG and
New Delhi: Gold in the national capital was down marginally by Rs 37 to Rs 45,539 per 10 gram on Monday amid muted global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,576 per 10 grams. Silver declined Rs 137 to Rs 59,203 per kilogram from Rs
Here is what you need to know on Monday, October 4: No Time to Die is kicking up a storm in the UK and is due to do the same for the US when it is out on Thursday so AMC apes get ready for some strong audience numbers if the UK experience is anything
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Major DeFi money market Compound’s woes are worsening, with nearly $150 million worth of COMP now at risk due to a buggy upgrade to the protocol that went live last week. On Sept. 30, Cointelegraph reported that a bug had resulted in between $70 million and $85 million worth of COMP tokens being mistakenly offered
Price is higher on the week The AUDUSD closed last Friday at 0.7250. The price is currently trading at 0.72618 for a gain currently up about 12 pips on the week. The move to this level, has seen the AUDUSD move higher on Tuesday to the high for the week at a 0.73104. The pair joined the dollar bull
I posted earlier on a USD payment due today. Newswires now out with the info that the shares have been suspended from trading in HK. Trading in the shares (stock code: 03333) of China Evergrande Group (the Company’) will be halted at 9:00 a.m. today (4/10/2021). Accordingly, all structured products relating to the Company will
The government on Thursday hiked by 62 per cent the price of natural gas that is used to produce electricity, make fertilisers and turned into CNG to use as fuel in automobiles and cooking gas for household kitchens. This is the first increase in rates since April 2019 and comes on back of firming benchmark
WTI refreshes intraday low as bulls take a breather around multi-month high. Market sentiment stays firmer but hopes of supply increase from OPEC weigh on energy prices. China off, Evergrande fears and tapering tantrums also challenge the oil bulls. US Factory Orders, OPEC meeting eyed for fresh impulse. WTI remains pressured around the intraday low
Buyers into the London close keep the hopes for a rebound in play The GBPUSD moved above the 100 hour MA earlier in the US session and after some up and down price action that saw the 100 hour MA retested, the buyers held the support and has pushed to a new session high as
Tobias Levkovich was well known for setting S&P 500 price targets Citigroup reported that chief equity strategist Tobias Levkovich died on Friday, a month after being hit by a car while crossing a street in Long Island, NY. Levkovich was perhaps the world’s most well-known equity strategist and had been in his role at Citi
Gold prices eased on Friday after rallying to a one-week high above the key $1,750 level in the previous session, as the rebounded and made the metal expensive for holders of other currencies. FUNDAMENTALS * Spot gold fell 0.1% to $1,754.64 per ounce by 0139 GMT, after rising nearly 1.8% on Thursday as the dollar