Forex news for North American trading on August 27, 2021. The forex markets (and other markets for that matter) have been tending to go from key event to key event. This week, it was the keynote address from Fed Chair Powell at the Jackson Hole virtual summit. For good order sake, that summit was schedule
LONDON: Oil prices rose on Friday and were on track to post big gains for the week on worries about supply disruptions as energy companies began shutting production in the Gulf of Mexico ahead of a possible hurricane forecast to hit on the weekend. Brent crude futures were $1.22, or 1.7 per cent, higher at
Japanese yen has been rather stable over the past weeks despite volatility in other major currencies. It’s resilient performance over the past few days despite heightened FOMC tapering talks is no accident. We summarize three major drivers of this. Funding Currency Firms on Risk Aversion A key theme of USD’s strength over the past weeks
GBP/USD climbs to one-week highs at 1.3780 as USD holds onto losses US dollar tumbles after Fed Chair Powell speech at Jackson Hole symposium. Cable soars on Friday, trims half of last week’s losses. The GBP/USD pair rose sharply on Friday and extended weekly gains. It is about to end the week hovering around 1.3765,
…and overall dollar selling The AUDUSD is racing higher encouraged by the overall dollars selling after Fed chair Powell’s Jackson Hole speech and overall risk on sentiment help by rising stock prices. The NASDAQ index is currently at 148 points or 1%. The Dow industrial average is up 231 points or 0.65% and the S&P is up
Powell coming in an hour USD/JPY has slipped back to 110.03 from 110.20 a short time ago. The move is in-line with a slip in Treasury yields in the past few minutes. The PCE report showed that prices might be cresting, or at least they will relieve some of the pressure on the Fed to
Japan’s largest financial brokerage Nomura Holdings Inc. has launched a subscription service offering customers the opportunity to purchase and trade food dishes at a high-end Italian food delivery service. The blockchain-based security tokens represent four luxury food parcels from Japanese chef Masayuki Okuda. Owner of two established restaurants in the capital Tokyo, Okuda is known
New Delhi: Gold in the national capital on Friday gained Rs 99 to Rs 46,312 per 10 gram amid a recovery in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,213 per 10 gram. Silver, however, dipped marginally by Rs 32 to Rs 61,667
Overall markets continue to trade in a mixed manner for now. Yen and Dollar are currently the weakest for the weak while commodity currencies are the strongest. But all major pairs and crosses are stuck inside prior week’s range. The situation in Afghanistan is unlikely to be a persistent worry for investors. Main focuses will
A Warby Parker’s store in The Standard, Los Angeles, California. Michael Buckner | Getty Images Eyeglass brand Warby Parker has lost money or broken even over each of the past three fiscal years — and warned it may face headwinds as it tries to turn a profit as a public company, according to documents filed
GBP/USD Forecast: Powell to the rescue? Pound technicals and fundamentals point lower When a currency cannot hold up when all others are in suspense – its weakness is exposed. GBP/USD has been on the back foot, struggling to hold onto 1.37 while investors are holding their breaths toward a critical event. Federal Reserve Chair Jerome
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NASDAQ trades to record high before reversing lower The major indices are closing near the lows for the day. Highlights: NASDAQ still on track for its best week in five weeks Dow breaks a four day win streak NASDAQ and S&P break as a five day win streak NASDAQ traded to a record high before reversing
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NEW DELHI: Gold prices inched lower, almost flat, on Thursday, following global trends as investors turned cautious ahead of US Federal Reserve Chair Jerome Powell’s speech this week, which could provide cues over economic stimulus. Gold futures on MCX were up merely 0.04 per cent, or Rs 17, at Rs 47,196 per 10 gram. Silver
Swiss Franc drops sharply today, as pressured by selling against Euro, and rising treasury yields. Dollar once again tries to recover, but there is no committed buying yet. The greenback traders will carefully scrutinize the comments from Fed officials coming out today and tomorrow, as the annual Jackson Hole Symposium goes along. Meanwhile, commodity currencies