Canadian dollar falls versus its main rivals on Thursday. USD/CAD extends rally, firm above 1.2600, now looking at 1.2655. Risk aversion boosts the greenback versus commodity and emerging market currencies. The USD/CAD accelerated to the upside on the back of a stronger US dollar and climbed to 1.2645, reaching the highest level since October 6.
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Pushing away from the 200 hour MA after earlier apprehension The GBPUSD buyers are making a play in the GBPUSD.   The price for the pair moved higher on the higher UK inflation data today, but failed on the first break above its 200 hour moving average (the break above the 200 hour moving average was the first since October
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The latest International Atomic Energy Agency report says Iran’s store of uranium enriched to 60% levels increased 77% to 17.7 kilograms This could be used in nuclear weapons says the report.  “The Agency’s verification and monitoring activities have been seriously undermined as a result of Iran’s decision to stop the implementation of its nuclear-related commitments,” IAEA Director
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Gold prices edged up on Thursday, as the eased and U.S. bond yields retreated from a three-week high, lifting bullion’s appeal. FUNDAMENTALS * Spot gold rose 0.1% to $1,869.45 per ounce by 0046 GMT, after hitting a fresh over five-month peak on Wednesday. U.S. gold futures gained 0.1% to $1,871.50. * The dollar fell 0.1%,
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GBP/JPY remains depressed, extends previous day’s pullback from two-week top. Seven-week-old support line, 61.8% Fibonacci retracement on bear’s radar. Buyers need validation from 38.2% Fibo. level to retake controls. GBP/JPY extends the previous day’s bearish bias towards breaking the 154.00 round figure heading into Thursday’s London open. In doing so, the cross-currency pair tests 50.0%
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Sterling jumps broadly today after much stronger than expected consumer inflation data, that raises the chance that BoE will “have to act” on interest rates soon. On the other hand, Canadian Dollar shrugs off strong, but inline with expectation CPI. Dollar is still among the strongest for the week, but it’s apparently taking a breather
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Down sharply on the day The price of WTI crude oil futures have fallen around three dollars a barrel or 3.6%. The price currently trades at $77.85 (December contract). The January contract is down $-2.65 or -3.32% at $77.09. Looking at the hourly chart, the price has now moved below the swing low from November
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The weekly EIA energy inventory levels Crude oil -2.101M versus estimate of 1.398M. Last week crude inventories rose 1.0M Gasoline -0.132M versus estimate of -0.575M. Last week gasoline inventories felt -0.122M Distillates -0.824M versus estimate of -1.229M. Last week distillates fell -2.613M Cushing 0.216M versus last week -0.034M. Refining utilization 1.200% versus expected 0.7% crude oil production 11.4M
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Decentralized exchange, or DEX, and self-custody wallet platform, Portal, has announced a strategic partnership agreement with layer-2 blockchain network, Polygon to advance Bitcoin functionality in the decentralized finance, or DeFi, market. Portal currently offers fully decentralized on-chain spot and options trading, as well as peer-to-peer lending and borrowing. This partnership is expected to expand these
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New Delhi: Gold in the national capital on Wednesday declined by Rs 402 to Rs 48,116 per 10 gram, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,518 per 10 gram. Silver also dipped Rs 528 to Rs 65,218 per kilogram from Rs 65,746 per kilogram in the
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