The EURUSD has moved back above its 100 hour moving average (blue line in the chart above) at 1.08861 as traders breathed a sigh of relief and sell the US dollar after the CPI data. Recall, the pair moved below that moving average level in the NY session yesterday and stayed below. The lower swing
New Delhi: Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment. The remarks come in the wake of media reports suggesting that the Reserve Bank of India (RBI) and the Securities and Exchange Board
Dollar turned a bit mixed in Asian session as markets await consumer inflation data from the US today. The greenback is losing some momentum against Yen as it’s pressing a long term resistance level at 125.85. Meanwhile, it ticks down against European majors, which are recovering. On the other hand, Dollar is extending rebound against
Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday. The consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the
Here is what you need to know on Tuesday, April 12: The CPI data from the US just released should at least provide some relief to markets. While broadly in line and a little better in the core number, investors have been conditioned to expect the worst now from inflation figures. These should at least
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Gaming and venture capital firm Animoca Brands has completed its landmark acquisition of Eden Games, publishers of the Gear.Club, Test Drive series, and other popular racing games. Eden Games is a France-based firm that was founded in 1998. Engine Gaming and Media sold its 96% stake in the company to Animoca for $15.3 million on
The major US indices all closed lower as worries about higher rates, higher inflation, slower global growth, recession, you name it. S&P and NASDAQ closed lower for the second consecutive day S&P closed below its 200 hour moving average at 4420.58 NASDAQ gapped below its 200 hour moving average up at 13707 and closed near
New Delhi: Sebi on Monday came out with a new framework for evaluating risk level of commodities — gold and gold- related instruments — in which mutual funds are permitted to invest on risk-o-meter. In a circular, the markets regulator said it has been decided that investment in such commodities by the mutual fund schemes
Yen’s selloff intensifies today, following extended rally in major benchmark treasury yields. US 10-year yields breaks 2.75% handle for the first time since March2 019. Germany 10-year bund yield also breaches 0.8% handle. On the other hand, Japan 10-year JGB yield is staying comfortably below BoJ’s 0.25% cap. Euro and Dollar are currently the strongest
White House press secretary Jen Psaki answers questions during the daily briefing on March 09, 2022 in Washington, DC. Psaki answered a range of questions related primarily to Russia’s invasion of Ukraine. Win Mcnamee | Getty Images WASHINGTON — The Biden administration is bracing for Tuesday’s key consumer inflation report to show that the prices
EUR/GBP steadies around 0.8350 as investors await the release of multiple economic indicators. The UK’s Unemployment Rate may remain stable while Average Earnings are expected to elevate. The ECB may prefer an interest rate hike despite flat German HICP. The EUR/GBP pair is auctioning in a narrow range of 0.8349-0.8353 on Tuesday ahead of the
Payments giant Mastercard has filed 15 nonfungible token (NFT) and metaverse trademark applications with the United States Patent and Trademark Office, or USPTO. Highlights of the filings include plans for a virtual community for interacting with digital assets, processing of payment cards in the metaverse, an online marketplace for buyers and sellers of downloadable digital
The EUR is the strongest and the JPY is the runaway weakest of the major currencies. The USDJPY is up over 1% on the day and in the process has extended to test the swing high going back to June 2015 at 125.851. The price is trading at the high for the day at 125.74
The ongoing worries surrounding global growth isn’t really helping the mood in oil at the moment and we’re taking quite a shave off the top after the spike towards $130 amid the Russian invasion of Ukraine in early March. The uneasy situation surrounding Shanghai isn’t helping with the outlook as China remains a major uncertainty
New Delhi: Gold rallied Rs 304 to Rs 52,302 per 10 gram in the national capital on Monday in line with strong global trends, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 51,998 per 10 gram. Silver also jumped Rs 508 to Rs 67,407 per kg from Rs 66,899
Yen is trading broadly lower in Asian session today. But commodity currencies are also soft on mild risk-off sentiment. On the other hand, Euro and Dollar are the stronger ones, while Sterling and Swiss Franc follow. UK data will be the main focus in European session while US calendar is empty. Nevertheless, more volatility is