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The EURUSD has stretched to the low from Monday/Tuesday and in the process traded the high to low range for the week. The high price earlier today took out the high from Monday at 1.06573 in the-Tuesday at 1.06579. The high price today ticked up to 1.06588 just above those levels before rotating back to
The price of WTI crude futures are settling at $79.56 . That’s up $2.07 or 2.671% Frigid temperatures across most of US are contributing to the move to the upside. The high price today extended back over the $80 level to $80.30. The low price was down at 78.01. Looking at the hourly chart, the
Despite global copper markets experiencing tough fundamentals, the metal is poised to close trading this year with a mild positive bias. The global energy crisis intensified by the Russian-Ukraine war, US Fed’s monetary policy, and persistent worries over China’s economy pondered the sentiment of the metal. Copper prices in the key London Metal Exchange started
London-based Faes & Company filed a complaint against crypto mining firm Blockware Solutions LLC on Dec. 17, claiming it misrepresented the performance capability of its miners and lacked adequate power access to keep the machines running. Plaintiffs allege losses of $250,000 and are seeking compensatory and punitive damages. According to the complaint, the parties entered
The NZD is the strongest and the the JPY is the weakest as the NA session begins. The USD is weaker. The US stocks are up modestly after larger declines yesterday. The US yields are higher. Today the US PCE data will be released at the bottom of the hour. The core PC is expected
The major US indices are closing the day higher and near highs for the day. At session lows the Dow Industrial Average was down -213 points S&P index was down -25.37 points NASDAQ index was down -114.30 points The final numbers for the day are showing: Dow industrial average rose 176.42 points or 0.53% at
Gold prices reached a six-month high of $1833 during the week as the number of Covid cases surged across countries, triggering a safe haven appeal for the metal. At the time of writing, gold prices hovered around $1805, making a significant slide from the highs but still are up 0.9% for the week gone by.
After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the National Association of Realtors, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth increased from 3.4 percent and -0.2 percent, respectively, to 3.6 percent and 3.8 percent, respectively,” the release from
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The EURUSD is doing it’s pre-holiday thing…That is chopping around. Looking at the hourly chart, hopes were dashed yesterday fairly quickly when the price moved above the swing highs from Monday and Tuesday, but only by a few pips. Hopes were then dashed again when the price fell below the lows from Monday and Tuesday
There was a flurry of data today before markets settled into the holiday week ahead that will have Stock and bond markets closed on Monday in observance of Boxing Day and Christmas and early closes next Friday and on Monday for New Years. The forex market will be open Monday to Friday as is customary,
Gold prices declined by Rs 372 to Rs 54,853 per 10 grams in the national capital on Friday amid weak trends in precious metal in global markets, according to Securities. The precious metal had ended at Rs 55,225 per 10 grams in the previous trade. Silver climbed marginally by Rs 15 to Rs 69,273 per
Trading is rather subdued in pre-holiday markets today. Yen was softer in Asian session but remains the strongest one for the week, maintaining most of post-BoJ gains. There was little reaction to CPI data from Japan. Canadian Dollar is the second strongest followed by Swiss France. On the other hand, New Zealand Dollar is the