Gold bulls moving back in as the US dollar remains on the backfoot. This week’s candle is bullish and the bulls have corrected to a 38.2% ratio milestone. At $1,850, the gold price is losing around 0.18% on the day, falling from a high of $1,854.43, but has recovered from the day’s lows of $1,840.75. The
The GBPUSD is trading to a new session high at 1.2589. That has the price of the pair pushing up toward the high price from yesterday at 1.2598 and the high price from Monday at 1.26002. Moving above those levels would have traders targeting the 50% midpoint of the trend move down started on April
Habeck singles out Hungary ahead of the next meeting between EU leaders at the end of the month. He says that: “(All countries need to reduce their oil dependency on Russia) That includes Hungary. If you take that as the basis of discussion, then an agreement should be possible. If you include other topics into
Malaysian palm oil futures fell for a second straight day on Thursday, dragged by prospects of a resumption in sunflower oil shipments out of Ukraine, a development that could ease tightness in global edible oil supplies. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 53 ringgit, or 0.83%,
The recovery in Dollar and Yen appeared to be rather short-lived, as overall risk sentiment was steady. FOMC minutes affirmed market expectations of 50bps rate hikes ahead, which is not news. That triggered little reaction in the greenback. As for today, Euro is regaining some ground together with Swiss Franc. New Zealand Dollar is the
In this article SNOW CEO of Snowflake Frank Slootman arrives at the Allen & Company Sun Valley Conference on July 6, 2021, in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snowflake shares fell as much as 16% in extended trading on Wednesday after the data analytics software maker disappointed analysts by saying it doesn’t
Economist at UOB Group Enrico Tanuwidjaja reviews the latest interest rate decision by the Bank Indonesia (BI). Key Takeaways “Bank Indonesia (BI) kept its benchmark rate (7-Day Reverse Repo) unchanged at 3.50% at its May MPC meeting. Consequently, BI maintained the Deposit Facility rate at 2.75% as well as the Lending Facility rate at 4.25%.”
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Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization (reorg) yesterday. According to data from Beacon Scan, on May 25 seven blocks from number 3,887,075 to 3,887,081 were knocked out of the Beacon Chain between 08:55:23 to 08:56:35 AM UTC. The term reorg refers to an event in
The USDCAD has moved below the 100 hour MA at 1.28109. That moving average had a stalled the fall on a number of dips throughout the day. The break tilts the technical bias more to the downside . The high price today – reached near the start of the US/North American session – saw the
The FOMC meeting minutes from the May 4th 50 basis point rate tightening was released. The Fed said: Fed should expeditiously move monetary policy toward a more neutral stance A restrictive policy may become appropriate Officials emphasize that they were highly attentive to inflation risks which were skewed to the upside Price pressures remain elevated
Gold in the national capital on Wednesday dipped marginally by Rs 13 to Rs 50,935 per 10 grams in line with weak trends in international precious metal prices along with rupee appreciation, according to Securities. In the previous trade, the precious metal settled at Rs 50,948 per 10 grams. Silver, however, gained Rs 101 to
Overall, the moves in the forex markets are still indecisive. Dollar and Yen are striking back today and rise broadly. Swiss Franc follows as the third strongest, suggesting a risk-off undertone. Nevertheless, other markets are still relatively steady. New Zealand Dollar’s post-RBNZ rally faded rather quickly. But for now, Aussie is the weakest one, followed
Nvidia CEO Jensen Huang speaks during a press conference at The MGM during CES 2018 in Las Vegas on January 7, 2018. Mandel Ngan | AFP | Getty Images Nvidia reported fiscal first-quarter earnings on Wednesday, beating analyst expectations for sales and earnings, but the stock dropped more than 10% in extended trading at one
At $1,851, the price of gold is down around 0.8% on the day as the US dollar breaks higher from a two-day losing streak on Wednesday. The yellow metal has slid from a low of $1,841.60 to a high of $1,868.11 so far on the day but has found some solace on the basis that there has
Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet. NGC Metaverse Ventures, the company’s third blockchain fund, raised $100 million from investors that included Babel Finance, Huobi Ventures, Nexo Ventures, Altonomy and GBIC.