In a joint report, the International Monetary Fund (IMF), the World Bank and the Bank of International Settlements (BIS) have proposed to the G20 that a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive international cooperation, could be of significant benefit to the world economy. The report focuses on broadening
New Delhi: Gold in the national capital on Friday tumbled Rs 451 to Rs 46,844 per 10 gram reflecting an overnight decline in global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,295 per 10 grams. Silver also tanked Rs 559 to
Yen and Swiss Franc turn softer today as overall sentiments stabilized. US stocks once again pared back much of earlier losses overnight and closed just slightly down. Asian markets were just mixed only, with Nikkei also reversing most of earlier losses. Dollar is currently the stronger one for today, followed by commodity currencies. As for
EUR/USD adds to the recovery well above the 1.18 mark. Next target comes in at the Fibo level at 1.1887. EUR/USD manages to extend the rebound from recent lows in the 1.1780 zone. This area is coincident with the key 2020-2021 support line (off November 2020 lows). In case the buying pressure gathers extra steam,
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USD/JPY tests key trendline support as the yen leads gains today Invest in yourself. See our forex education hub. The latest downdraft in Treasury yields is finally stirring up some nerves in the market, as European indices are marked lower at the open with US futures also falling in tandem. This in turn is helping
Russian economy ministry issues revised forecasts 2021 GDP growth forecast up to 3.8% from 2.9% lifts Urals oil price forecast to $65.9/bbl from $60.3/bbl 2021 inflation forecast to 5% from 4.3% 2021 capital investment growth forecast to 4.5% from 3.3% 2021 average dollar/rouble rate to 72.8 from 73.3 seen in April The ministry comments on
NEW DELHI: Gold held steady on Thursday as lower US Treasury yields countered a stronger dollar after minutes from the Federal Reserve’s last meeting showed that the central bank is moving towards tapering its asset purchases as soon as this year. The yellow metal traded marginally lower in the domestic market. Fed officials last month
Risk aversion generally dominates the global markets today. Following selloff in Asia, major European indexes open lower and are trading down around -2%. DOW future is also losing around -500pts. Swiss Franc and Yen are overwhelmingly the strongest ones for the day, as followed by Euro and Dollar. Commodity currencies are the worst performing, Focus
GBP/USD fails to extend corrective pullback from weekly low. Brexit bill adds to the EU-UK disagreements over departure issues. Restrictions ease for UK travellers returning to England even as higher infections probe July 19 deadline. Britain’s monthly economic releases for May can entertain traders but covid, Brexit become crucial to follow. GBP/USD edges higher around
AUD/USD down 0.6% to 0.7430 levels, the lowest since December last year Invest in yourself. See our forex education hub. The aussie is among the big losers so far today as commodity currencies are seeing a general retreat, with risk aversion kicking into gear in European morning trade. The latest downdraft comes as Treasury yields
10-year Treasury yields down by nearly 7 bps today to 1.25% That’s the lowest since 16 February as bonds continue to rally and that is arguably sparking jitters in the market, with no clear cut answers floating around. A key question that is being posed by the bond market right now is, are we seeing
Bitcoin (BTC) will not move much after Grayscale’s giant 16,000 BTC unlocking date after all, says crypto trading firm QCP Capital. In its latest market update released on July 8, analysts downplayed the popular theory that GBTC will cause BTC price volatility in the coming weeks. No “significant impact” expected from GBTC As Cointelegraph reported,
NEW DELHI: Gold in the national capital on Thursday was marginally up by Rs 9 to Rs 46,981 per 10 gram with firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,972 per 10 grams. Silver, however, declined Rs 902 to Rs 67,758
US stocks surged to new record overnight, shrugging off FOMC minutes. But Asian markets are walking another path, as led by the free fall in Hong Kong stocks. Yen surges broadly on risk aversion, followed by Swiss Franc. Commodity currencies are generally pressured, with Aussie weighed down by dovish RBA comments too. Euro, Sterling and
GBP/USD Forecast: Cable is not Kane, why sterling is unlikely to benefit from a rebound Harry Kane has taken England’s football team to its first final since 1966 – taking advantage of a rebound seconds after he missed a penalty kick. Can cable also rebound from its lows? That seems a tall order, and not