GBP/USD trade to its highest levels since May 2018 but just be mindful that thin liquidity conditions are still prevailing this week For bank trade ideas, check out eFX Plus The push higher in the past few sessions owes more to do with the dollar slipping up rather than the pound surging, with cable now
Month: December 2020
Previous record was Tuesday at 53,275 964 dead vs 575 a day ago The daily deaths are approaching the April peak of 1172. I’m sympathetic to the argument that the new variant is more transmissible. Otherwise, it’s very difficult to explain this spike despite the December lockdown. Other countries where they don’t have this variant
Paolo Ardoino, the outspoken chief technology officer of Bitfinex, took to Twitter this week to dispel concerns that Tether could be the next target of the United States Securities and Exchange Commission. In response to a tweet from CryptoQuant CEO Ki Young Ju, Ardoino said Tether adheres to strict KYC/AML regulations set forth by the
Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday. The poll of 39 economists and analysts conducted in the second half of December forecast Brent crude prices would average $50.67 per barrel
After gaining almost +10% this year, we expect EURUSD to strengthen further in 2021. While Eurozone continues to struggle with slow recovery and subdued inflation, the broad-based weakness in US dollar is anticipated to support the pair. As we mentioned in the previous report, we are bearish over US dollar due to dissipation of yield
The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline. Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday. Economists polled by Dow Jones expected initial jobless claims to rise to 828,000. The previous
GBP/USD edges lower from multi-year high it set earlier. Trading action is expected to remain subdued in the remainder of the day. US Dollar Index registers small losses ahead of Jobless Claims data. The GBP/USD pair extended the weekly rally and touched its highest level since May 2018 at 1.3686. Ahead of the American session, however,
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🏦 U.S. Dollar / Canadian Dollar Hello Traders, Here is The Full Analysis for This Pair.. Let me Know in The Comment Section Below if You Have any Questions.. The Entry Will be Taken Only if All Tules of The Strategies Will be Satisfied. I Suggest You Keep This Pair on Your Watchlist and See
Dow industrial average leads the way with a 0.24% gain the major US indices are closing the day modestly higher. The Dow industrial average led the way with a 0.24% gain. A look at the final numbers shows: S&P index up 5.0 points or 0.13% at 3732.04 NASDAQ index up 19.73 points or 0.15% at
Kyodo News reports on the matter It will be the first time that the Japanese capital exceeds the 1,000 mark and it adds to more uncertainty in the country as the new year approaches. Despite the Japanese government throwing massive amounts of stimulus at the problem, the health crisis is still the main problem that
Dec 31: Gold edged higher on Thursday, heading for its best year in a decade, as a weaker U.S. dollar outweighed pressure from a top Republican lawmaker’s remark that a bill to increase U.S. pandemic aid checks was unlikely to get Senate approval soon. FUNDAMENTALS * Spot gold rose 0.1% to $1,894.66 per ounce by
Dollar’s selloff picked up again as year end approaches. While US stocks took a breath overnight, Asia markets ex-Japan is enjoying some solid buying for now. While Euro is strong against Dollar, it’s mixed against other European majors. Meanwhile, Canadian Dollar is clearly lagging behind Aussie and Kiwi in the current risk-on buying. Gold and
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GBP/USD moves back above 1.3600 in thin trading For bank trade ideas, check out eFX Plus The dollar is keeping weaker across the board as its struggles going into the year-end continues, with EUR/USD having neared 1.2300 earlier and GBP/USD now climbing back above the 1.3600 handle in European trading. The pair looks towards the
It’s lower than yesterday but still extremely high With today’s announcements, 78% of the population of the UK will be Tier 4 lockdowns tomorrow. Officials said most of the jump in cases yesterday was real, and not a result of holiday lags. Today’s number underscores that. Deaths were at 575 vs 659 a day ago.For
Grayscale Investments, the world’s largest digital asset manager, has reportedly dumped a significant portion of its XRP and XLM holdings. Data from Bybt, a cryptocurrency futures trading platform, reveal that Grayscale’s XRP holdings declined by more than 9.18 million on Dec. 29, bringing its total position to 26.45 million XRP, worth $5.77 million at press
Gold futures fell by 0.13 per cent to Rs 49,976 per 10 gram on Wednesday as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for February delivery declined Rs 63, or 0.13 per cent, to Rs 49,976 per 10 gram in a business turnover of 10,074 lots. In
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