DXY starts the week on a positive footing above 94.00. US 10-year yields regain traction above the 1.60% mark. Short-term Auctions will be the sole release in the US docket. The greenback, when tracked by the US Dollar Index (DXY), manages to reverse two sessions with losses and resumes the upside around the 94.20 area
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Lawmakers belonging to South Korea’s opposition People Power Party have prepared a fresh challenge to the planned crypto tax law. According to The Korea Herald, opposition lawmakers are advocating for a one-year extension to the start of crypto taxation in the country. As previously reported by Cointelegraph, South Korea’s crypto tax regime that will see
NEW DELHI: Gold prices inched marginally lower on Monday, giving up its gains as the bullion was caught between a dip in the dollar and fears that the US Federal Reserve would start paring stimulus this year despite weak jobs data. The Fed may move to begin reducing its support for the economy next month
The total of Americans submitting jobless claims fell sharply last week as enhanced federal unemployment benefits wound down, the Labor Department reported Thursday. Initial filings for unemployment benefits totaled a seasonally adjusted 326,000 for the week ended Oct. 2, below the 345,000 Dow Jones estimate and a drop from the previous week’s 364,000. The numbers
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New Zealand Dollar trades mildly lower together with commodity currencies in quiet Asian session. Overall markets are mixed as Japan and Hong Kong stocks head lower, decoupling from the strong rebound in the US overnight. Dollar appears to be supported by the rise in treasury yields, with 10-year yield back above 1.5 handle. Yen is
10 year up to 1.614%. The nUS 10 year yields continue to move higher with the 10 year now up to 1.614%. That’s up 4.3 basis points on the day. The move higher is starting to hurt the NASDAQ index which is currently down -53 points or -0.37% at 14600.26. The USDJPY is also being impacted as
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Mumbai: The Securities and Exchange Board of India(Sebi) on Friday barred the National Commodity & Derivatives Exchange Limited (NCDEX) from launching any new mustard seed contract till further orders. The regulator has asked the agricultural commodity exchange not to allow any new position in respect of the running contracts but only squaring up of position.
Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Lael Brainard‘s increased influence ahead likely means substantial changes and challenges for the nation’s banking system. Considered a
Yen was once again sold off broadly last week, following late rally in treasury yields despite disappointing US job report. Resilience in overall risk appetite also kept the Japanese currency pressured. Meanwhile, Euro followed as as distant second worst on selloff in crosses, as well as Dollar. New Zealand Dollar’s weakness was a surprise as
What’s next for the euro? Bank of America Global Research discusses EUR/USD technical outlook and sees a scope for a move towards 1.1495, ahead of 1.13s. “Euro has declined and broken below 4Q20 supports at 1.1603. Our modest bear case scenario estimates downside euro levels of 1.1495, 1.13s and possibly 1.1290. Should the decline accelerate
Not a pretty picture The latest update from the Atlanta Fed shows Q3 GDP at 1.3% annualized, that’s unchanged from Thursday. The first print on Q3 is coming up at the end of the month and a number so low would do damage to markets and the recovery narrative. The consensus is still at 5%.
Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities. In addition to China’s blanket ban on crypto operations, the company has attributed the move to stop shipping Bitcoin (BTC) and cryptocurrency mining rigs as a response
Petrol and diesel prices were hiked across India for the sixth consecutive day on Sunday. In Delhi, the petrol prices were hiked by 30 paise per litre, taking it to Rs 104.14, while diesel prices in the national capital have gone up to Rs 92.82 per litre with the hike in price by Rs 0.35.