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
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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,
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first fiscal quarter despite supply
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
The Crypto Market Integrity Coalition (CMIC) announced the induction of eight new members, the organization announced on Sept. 29. The organization now has 38 members. CMIC members take a pledge to uphold market integrity and efficiency that the organization says: “gives a unified voice to the crypto industry’s commitment to continually improving market integrity and
There are shifts in the biases in all the the major markets today: The US dollar is moving lower with its king’s crown starting to get tarnished from a technical perspective (some work to do) US stocks are higher with all the major in indices now up 1.25% or more US yields are lower with
I’m not seeing any notable headline driving the move as this looks like just another swing in volatility for the pound this week. There is some notable short-term resistance just above 1.0900 but I would continue to pin the current range for the pair between 1.0600 and 1.1000 in the bigger picture. The dollar continues
National Commodity and Derivatives Exchange (NCDEX) will be relaunching the Robusta Cherry AB Coffee Futures contract for trading from September 30, 2022. Initially, monthly contracts expiring in the months of February 2023, March 2023 and April 2023 would be made available for trading from the launch date. The contract will be a compulsory delivery contract
Dollar retreated notably overnight, following the rebound in US stocks and steep pull back in treasury yields. But it’s so far staying as the second strongest for the week, next to Swiss Franc, while Euro is third. Sterling stabilized further with another recovery attempt in progress. Commodity currencies are on the weaker side, with New
Business and consumer sentiment in the euro area continued to weaken in September. EUR/USD trades in negative territory below 0.9700 after the data. The data published by the European Commission showed on Thursday that the Economic Sentiment Indicator (ESI) for the euro declined to 93.7 in September from 97.3 in August. This reading came in
As the dust settled over the Ethereum network’s highly-anticipated transition to proof-of-stake (PoS), Eli Ben-Sasson, the co-founder of Starkware, gave his thoughts on its execution and potential for the future. Speaking to Cointelegraph’s Gareth Jenkinson at the Token2049 event, Ben-Sasson shared his thoughts on the current situation post-Merge and how it affects layer-2 projects like
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The major US indices are trading at new session highs. The Dow industrial average is up 579 points or 1.99%. The S&P index is up 75.7 points or 2.08%. The NASDAQ index is up 225 points or 2.08% as well. Him him him Looking at the NASDAQ on the weekly chart the 200 week moving
The BOE came in and said they would be buying bonds to stem the selling.They plan a series of bond buying operations through October 14 and announced that the QT program won’t begin until October 31 (fingers crossed). The markets are now implying a rate of 3.79% at their November 3 meeting. That represents a
Gold price declined by Rs 435 to Rs 49,282 per 10 gram in the national capital on Wednesday in tandem with fall in rates of the precious metal in international market, according to Securities. In the previous trade, the yellow metal had settled at Rs 49,717 per 10 gram. Silver also tumbled by Rs 1,600
In a surprised move, BoE announced to intervene in the gilt markets. While 10-year gilt yield drops notably on the news, the recovery in FTSE is just mild. Sterling also just fluctuates and it’s trading as the weakest one for the day. On the other hand, Swiss Franc buyers jump in on worsening energy crisis