Jerome Powell, who guided the Federal Reserve and the nation’s economy through the staggering and sudden Covid-19 recession by implementing unprecedented monetary stimulus, has been nominated for a second term as chairman of the U.S. central bank. President Joe Biden made the announcement Monday morning following weeks of speculation that a push from progressives might
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Palladium consolidates the biggest daily losses since September at monthly low. Clear break of seven-week-old trend line, bearish MACD signals favor sellers. Ascending resistance line from September, 100-DMA challenge bulls. Palladium (XPD/USD) traders lick their wounds around November’s low while picking up bids to $1,971 ahead of Tuesday’s European session. Although multiple lows marked during
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New Delhi: Gold price in the national capital on Monday gained marginally by Rs 17 to Rs 47,869 per 10 gram amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,852 per 10 gram. Silver surged Rs 444 to Rs 64,690 per kilogram from Rs 64,246
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Forex news for Asia trading on Monday 22 November 2021 Oil news – Japan reserves (read from the bottom up for chronology): Yuan news: Other: While the forex space was fairly sedate to open the week crypto was more active. BTC/USD traded up to US$60K over the weekend but has since given back some ground
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The total value locked (TVL) on Ethereum layer two (L2) networks has surged to a new peak as gas fees continue to steadily rise driving further adoption.  Layer 2 analytics platform L2beat currently reports that the total amount of value locked across various L2 protocols and networks has reached an all-time high of $5.64 billion.
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