The USDCHF ups and downs continue for that pair. Looking at the hourly chart, the price moved through the lower 200 hour MA early in the Asian session and moved up toward the higher 100 hour MA. The high in the late Asian session took the price close to its 100 hour moving average (blueline
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The dollar is trading back to being little changed against the major currencies bloc at the moment as there is little sense of any firm convictions so far in European morning trade. The pound is the only notable currency that is higher, owing to heightened volatility but is keeping below 1.1200 for the time being.
Gold price in the national capital rose by Rs 406 to Rs 50,722 per 10 grams on Friday amid a rally in the international yellow metal prices, according to Securities. In the previous trade, the precious metal had closed at Rs 50,316 per 10 grams. Silver also jumped by Rs 905 to Rs 57,436 per
Sterling’s rebound extended further overnight as sentiment towards it continued to stabilized. Indeed, the Pound is trading up against Aussie and Canadian for the month. Sterling looks set to have a strong close for the week too. Commodity currencies are generally pressured today, together with steep decline in Japan Nikkei. But there is little risk
A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., August 19, 2022. Sarah Silbiger | Reuters Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening even as the Federal Reserve is trying to slow
Not only Elon Musk thought of buying Twitter — crypto billionaire and CEO of FTX exchange Sam Bankman-Fried “was interested” in acquiring the social network back in March 2022, according to a report from Business Insider. In the piece, published on Sept. 29, journalists are referring to the private texts released amid the court battle
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GBP/USD has gathered further bullish momentum. Pound bulls eye 1.1300 next, FXSTreet’s Eren Sengezer reports. Buyers retain control of cable’s action “On the upside, 1.1300 (Fibonacci 61.8% retracement of the latest downtrend, 100-period SMA) aligns as the next target. In case buyers flip that level into support, the pair could continue to push higher toward
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The GBP is the runaway strongest of the major currencies with gains of 1.02% vs the EUR and up to 2.51% vs the CAD. The GBPUSD trading range is 347 pip vs the 22 day average of 182 pips (around a month of trading). The GBPUSD is up 1.56% today .The GBPUSD has moved up
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Gold rose by Rs 460 to Rs 49,960 per 10 gram in the national capital on Thursday amid a rally in prices of the precious metal in international market, according to Securities. In the previous trade, the yellow metal settled at Rs 49,500 per 10 gram. Silver also rallied by Rs 1,035 to Rs 56,230
The forex markets are generally in consolidation mode today. Risk sentiment is slightly on the off side, but there is no serious selloff in stocks. Treasury yields in US, Germany and UK are trading mildly higher, giving Yen a little pressure. But commodity currencies are the weaker ones. On the other hand, Dollar is firmer
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar | Reuters Turkey will keep cutting interest rates,
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Gold bulls in charge and eye mitigation towards $1,670 that guard $1,675 and $1,688. The US dollar continues to bleed out into month-end flows. The gold price has started to find support in the correction of the recent bullish impulse but is back to trading near flat on the day at around $1,660 following a