FX

GBP/USD tracks higher on Friday in the Asian trading hours. US Dollar Index retreats from the previous day’s high to trade stable near 92.50. The sterling gains on hawkish BOE view, UK data eyed. The GPD/USD extends the previous session’s gain on Friday and continues to extend the gains toward 1.3850. The pair is expected to
0 Comments
Digihost Bitcoin Miner touts itself as a clean bitcoin miner who’s electricity usage is 90% green energy. The chart looks pretty clean, but lets take a look at more details on the company: “Digihost is a Blockchain Technology Company based in the United States with a focus on Bitcoin mining. Our growth-oriented strategy is to
0 Comments
Silver struggled to capitalize on last week’s bullish breakout momentum through a trading range. The formation of an ascending trend channel supports prospects for additional near-term gains. The emergence of dip-buying adds credence to the positive outlook and favours bullish traders. Silver attracted some buying near the $24.20 resistance breakpoint and has now trimmed a
0 Comments
The European Union (EU) Economy Commissioner Paolo Gentiloni reiterated that Euroarea inflation is transitory in a Bloomberg interview, although warned the European Central Bank (ECB) over a premature monetary policy tightening. Key quotes “We are monitoring euro-area inflation — we should monitor it very accurately — but without making conclusions too soon” “I think it would
0 Comments
August’s Nonfarm Payrolls figures have badly disappointed. A softer USD was somewhat faded following the release as some of the weakness may have been baked into the cake. Going forward, economists at TD Securities think USD could begin to stall.  USD to underperform vs. AUD and NZD “Payrolls rose 235K, well below consensus. Revisions add
0 Comments
USD/CNH picks up bids to refresh intraday high, snaps three-day downtrend. 100-DMA, two-week-old resistance line guard recovery moves. Key Fibonacci retracement levels are on the bear’s radar. USD/CNH takes the bids to renew intraday high with 6.4551, up 0.10% on a day, after China’s Caixin Services PMI and Composite PMI disappointed traders during early Friday.
0 Comments
ISM Chicago PMI came in lower than expected in August. US Dollar Index stays in the negative territory near 92.50. The Chicago Purchasing Managers Index released by ISM-Chicago dropped to 66.8 in August from 73.4 in July, showing deteriorating business conditions across Illinois, Indiana and Michigan. This reading came in lower than the market expectation
0 Comments