Ripple, the digital payment network, has partnered with the Republic of Palau to help the Pacific island nation develop its own digital currency. The initial focus of the partnership will see the development of a USD-backed digital currency to help facilitate cross-border payments for the nation. The collaboration “could see the implementation of the world’s
NEW DELHI: Gold and silver futures prices were trading with gains as low level buying was seen early on Wednesday amid strong US dollar which is raising bullion’s cost to buyers holding other currencies. Investors are betting that the newly renominated Fed Chairman Jerome Powell will need to step up the pace at which the
In this article GPS A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap Inc. shares tumbled Tuesday after the company slashed its full-year outlook, with fiscal third-quarter results falling short as Covid-related factory closures led to significant product delays in the
Silver holds onto corrective pullback around monthly low. Descending Momentum line, sustained break of two-month-old support favor sellers. 100, 200-DMA add to the upside filters, nears eye 23.6% Fibonacci retracement level. Silver (XAG/USD) pares intraday losses around $23.60 during early European morning on Wednesday. The bright metal bounces off 50-DMA but the rebound fails to
Markets are trading in mild risk off sentiment, while treasury yields also surge. New Zealand Dollar is leading other commodity currencies lower, and Sterling is week too. On the other hand, Euro and Swiss Franc are currently the stronger ones, followed by Dollar and Yen. But overall, it should be noted that Euro’s recovery is
Trades above and below unchanged The S&P erased a -30.28 point loss or -0.65% and has seen the price return back to unchanged on the day. The price is currently trading above and below the unchanged level (back down -2.38 points as I type). The high for the day saw the index move up 16.10
Mixed picture globally France’s health minister today reported 30,500 new covid infections in the past 24 hours. The peak in the August wave was 30,900 and seven-day average is 18,477 so that’s worrisome. At the same time, it’s not all that surprising as neighbouring Germany and the Netherlands are near all-time highs. Oil is a
New Delhi: Gold in the national capital on Tuesday plunged Rs 810 to Rs 46,896 per 10 gram reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,706 per 10 gram. Silver also cracked Rs 1,548 to Rs 62,720 per
Lael Brainard, governor of the U.S. Federal Reserve, listens during an event sponsored by the Economic Club of New York in New York, U.S., on Tuesday, Sept. 5, 2017. Mark Kauzlarich | Bloomberg | Getty Images Lael Brainard is often the outlier. In her role as one of seven Federal Reserve governors, she’s made a
In this article DKS Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Dick’s Sporting Goods on Tuesday reported fiscal third-quarter earnings and sales that outpaced analysts’ expectations, leading the sporting goods giant to hike its annual
XAU/EUR fell below its 21DMA at €1586 on Tuesday as Eurozone real yields rallied. Hawkish ECB commentary was the catalyst for the rise in yields, after markets reacted hawkishly on Monday to Powell’s renomination. Euro-denominated spot gold (XAU/EUR) prices tumbled beneath their 21-day moving average at €1586 on Tuesday, taking losses on the week to
??(FOR DOWNLOAD SEND GMAIL ADRESS IN COMMUNTS)?? You may be wondering what’s the best forex indicator on MT4? Or whats the best combination of forex indicators? Sadly most indicators have no ability to predict whats going to happen with price. My suggestion is that you should use it in a way that matches your analysis
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Dollar surged overnight after Fed Chair Jerome Powell was nominated for a second term by US President Joe Biden. The greenback stays firm in Asian session and is ready to extend its near term rally. On the other hand, New Zealand Dollar is trading notably lower, as traders are probably pricing out the chance of
USD/JPY shoved lower from 115.05 to 114.50 Invest in yourself. See our forex education hub. This just looks more like a bit of a let out of steam but the overall momentum is still largely sticking, though the greenback is trading more mixed across the board. Treasury yields are holding the advance from yesterday and
Reuters reports It is said that some offshore bondholders of Kaisa who did not receive coupon payments this month have tapped investment bank Moelis & Company to advise them on how to go about the situation, citing a source with direct knowledge on the matter. For some context, Kaisa has not paid coupons totaling over
Matt Comyn, the CEO of the Commonwealth Bank of Australia (CBA), said that the bank is more concerned about the risks of missing out on crypto than those associated with its adoption. The CBA is set to become the first of the “big four” banks in Australia to offer crypto-based services, after the company announced