Yen continues to be under selling pressure, following the strong rally in US stocks overnight. Yen is additionally weighed down by rally in treasury yields. New Zealand Dollar is leading commodity currencies higher, while Australian and Canadian Dollars are also strong. Euro and Sterling are mixed for the moment, with Sterling having a slight upper
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Dollar keeps more mixed on the day so far Equities are tepid while bond yields are higher once again as we look towards European trading today, with commodity currencies holding a slight advance for now. US stocks advanced once again with the S&P 500 closing less than 1% away from its all-time high, as investors
Event risk One of the best opportunities this week comes in the form of the UK CPI data on Wednesday morning. Inflation has been surging higher across the world and that has resulted in yields rising very sharply higher. The fear is that rising inflation will result in central banks around the world increasing interest
MELBOURNE: Oil prices turned down after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. Chinese coal prices and other commodity prices slumped in early trade, which in turn pulled
People wearing face masks walk in front of a big Euro sign in Frankfurt am Main, western Germany, as the European Central Bank (ECB) headquarters can be seen in the background on April, 24, 2020. Yann Schreiber | Getty Images LONDON — A substantial portion of investors expect the U.S. Federal Reserve and the European
In this article NFLX Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020. Christophe Archambault | AFP | Getty Images Netflix is set to report third-quarter earnings after-the-bell on Tuesday. Here’s what analysts are expecting: Earnings per share (EPS):
EUR/USD remains on the front foot at three-week high. DXY drops for sixth day despite firmer US Treasury yields. EU CPI, Fed/ECB policymakers’ comments eyed for fresh impulse. EUR/USD stays firmer around 1.1650, up 0.11% intraday heading into Wednesday’s European session. The major currency pair jumped to the highest level since late September the previous
The Cosmos cross-chain network is building a new blockchain aimed at allowing developers to experiment with different protocols. In its quarterly keynote report published on Oct. 19, Cosmos said its Sagan blockchain was currently in development. The project teased the release of the blockchain in a video message with a quote from famous astronomer Carl
Selling in Dollar and Yen persists again today. New Zealand Dollar is currently the biggest winner, on increasing expectation of RBNZ rate hikes. While Aussie is also strong, Sterling is slightly stealing the show too, with help from renewed buying against Euro. The cautious comments from ECB policymakers are not giving much support to Euro,
Traders trying to keep below the MA level The GBPUSD is trading back below its 100 day moving average at 1.38074. The move below the moving average has seen the price moved down toward 1.3790. That is the low of a swing area between 1.3790 and 1.3800 going back to the first half of September (see
GBP/USD up 89 pips to 1.3813 today MUFG Research discusses GBP outlook and maintains a bearish bias into year-end. “The UK rate market moved to price in more front loaded rate hikes from the BoE following the hawkish comments from Governor Bailey over the weekend,” MUFG notes. “However, we are still sticking to our view
New Delhi: Gold in the national capital on Tuesday rallied by Rs 256 to Rs 46,580 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,324 per 10 gram. Silver also jumped Rs 188 to Rs
Cargo trucks parked at the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle Grillot | Bloomberg | Getty Images Thanks to the rollout of coronavirus vaccines, the global economy is slowly starting to emerge from the pandemic. But Covid-19 has left one very destructive economic issue in its
The dollar bounces up from multi-month lows at 1.2310. The pause on US bond yield’s rally has weighed on the greenback. USD/CAD might reach 1.22 by year-end – Scotiabank. The US dollar is trimming losses against its Canadian counterpart after having bottomed at 3, ½-month lows at 1.2310 earlier on Wednesday. The pair has returned to 1.2350,
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Dollar’s selloff resumes in Asian session today, while Yen is also trading lower. Risk-on markets in Asia lift New Zealand and Australian Dollar. European majors are mixed for the moment, with Euro trying to recover against Sterling and Swiss Franc. The economic calendar is rather light today, and focuses will mainly be on the development