OK, that headline … my bad. Asia FX has been a wee bit sedate. On the data agenda from the US Wednesday 0 September 2021: Job Openings and Labor Turnover Survey (JOLTS) for July issued by the BLS. 10am ET, which is 1400 GMT expected 10.0m, prior 10.073m JOLTS graph: Consumer credit for July 3pm
NEW DELHI: Bucking global trends, gold was little changed on Tuesday in the domestic market. The yellow metal lacked directional cues as the US market was closed on Monday on account of a public holiday. However, a softer dollar and prospects of the US Federal Reserve delaying a tapering in its pandemic-era bond purchases made
Torn between disappointing economic activities but rising inflation, higher vaccination rate but worsening Delta outbreak, and a federal election just 12 days after this week’s meeting, the BOC will likely stand on the sideline this month. Policymakers will keep its weekly asset purchases unchanged at CAD 2B/ week and retain the forecast of first hike
Thomas Trutschel | Photothek | Getty Images Now might be a good time for the Federal Reserve to start worrying about inflation. August’s jobs report, besides being a big disappointment on the 235,000 headline number, also showed that wages are rising even with weak hiring. Average hourly earnings jumped 0.6% for the month, about double
Short Term Elliott Wave view in Facebook suggests the rally from August 3, 2021 low is unfolding as a 5 waves impulse structure. Up from August 3 low, wave 1 ended at 365.77 and pullback in wave 2 ended at 350.20. The stock has resumed higher in wave 3 towards 384.33. The internal of wave 3
Swing area and rising 200 hour moving average helped to stall the fall today. The GBPJPY was under pressure coming into the North American session today. The move lower took the price back down toward the rising 200 hour moving average (green line in the chart below currently at 151.549). A swing area between 151.506 and 151.592 was also tested. The price
Today is the first day without extra unemployment benefits in the US The market is in the mood to buy US dollars as New York and Toronto return from long weekends. That’s weighing on commodity prices as well and adding a negative mood to markets. The dollar has extended to fresh highs against the euro
Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs. The Russian State Hermitage Museum, the largest museum in the world, has finished its first NFT auction on the NFT
New Delhi: Gold in the national capital on Tuesday fell by Rs 37 to Rs 46,417 per 10 gram amid weak precious metal prices in the international market, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,454 per 10 grams. Silver also tumbled Rs 332 to Rs 63,612
Risk sentiment turns a bit weaker today in the stock markets. But benchmark European and US yields are staging a strong rally. In the currency markets, Aussie is sold off is in delayed reaction to RBA’s dovish tapering, but Canadian is follow closely with selloff in oil price. Sterling is also falling in European crosses,
Dallas Federal Reserve President Robert Kaplan would like to see the central bank announce next month that it will begin tightening its policy reins. Among his reasons is a general belief that the economy can withstand a little less help from the Fed. But Kaplan also said he’s concerned about inflation and “excess risk taking”
Silver struggled to capitalize on last week’s bullish breakout momentum through a trading range. The formation of an ascending trend channel supports prospects for additional near-term gains. The emergence of dip-buying adds credence to the positive outlook and favours bullish traders. Silver attracted some buying near the $24.20 resistance breakpoint and has now trimmed a
AUD/USD falls from a high of 0.7468 on the RBA decision to 0.7432 The pair is trading back to the lows for the day now as price action settles into the pre-RBA range territory once again. As mentioned earlier, the optics of the situation is what arguably gave a boost to the aussie but the
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Forex news for Asia trading on Tuesday 7 September 2021 ICYMI – Its a week packed with Federal Reserve speakers CBA on the coup in Guinea and what it means (bauxite, aluminium) George Soros says BlackRock has misunderstood Xi’s moves in China, has made “a tragic mistake” ICYMI – El Salvador bought 200 Bitcoin, takes
TOKYO: Oil prices were wobbly on Monday as investors grappled with demand concerns after Saudi Arabia’s sharp cuts to crude contract prices for Asia. Brent crude futures for November rose 4 cents, or 0.1%, to $72.26 a barrel by 0056 GMT, after falling 39 cents on Monday. US West Texas Intermediate crude for October was