As Dollar is digesting this week’s yield supported rally today, selling focus is turning to Euro, in particular in crosses. Meanwhile, firmer overall risk sentiment is supporting commodity currencies and Sterling, with Aussie being the stronger one. Yen and Swiss Franc are generally softer on stable risk sentiment. Technically, as Euro turns weaker, we’ll pay […]
Selling Focus Turns to Euro as Dollar Digests Gains Read More »
An on-chain study released by Kraken Intelligence highlights strong accumulation behavior among Ethereum miners even as they faced the prospects of generating lower revenue following a major network upgrade on Aug. 5. Ethereum miners accumulated an additional 2 million Ether (ETH), worth $6.1 billion, after the so-called London hard fork’s activation. The latest bout of
Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation Read More »
The USD is mixed. The AUD is the strongest and the EUR is the weakest as the North American session gets underway. The USD is mixed today after yesterday’s move higher which took the greenback to the highest level YTD. The EURUSD has continued its run to the downside (higher USD in the process) with
The AUD is the strongest and the EUR is the weakest as NA traders enter for the day Read More »
US initial jobless claims and continuing claims for the current week prior week 351K (no revision) initial jobless claims 362K versus 333K estimate 4-week moving average 340K versus 335.75K last week continuing claims 2.802M vs 2.800M estimate 4-week moving average of continuing claims 2.797M vs 2.798M last week The largest increases in initial claims for the week ending September
US initial jobs claims 362K versus 333K estimate Read More »
New Delhi: Gold in the national capital on Thursday declined by Rs 154 to Rs 44,976 per 10 gram reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, it had settled at Rs 45,130 per 10 gram. Silver also dipped Rs 1,337 to Rs 57,355 per kilogram
Gold declines by Rs 154; silver tumbles to Rs 57,355 Read More »
Sen. Elizabeth Warren charged Tuesday that Federal Reserve Chairman Jerome Powell has led an effort to weaken the nation’s banking system, and she vowed to oppose his renomination. In remarks made during a hearing before the Senate Banking Committee, the Massachusetts Democrat cited several instances where she said the Powell Fed has watered down post-financial