Canadian Dollar Jumps With Oil Price, Supported by GDP
Canadian Dollar jumps broadly today, following upside breakout in oil price, and partly supported by solid GDP growth data. Australian Dollar is following as the second strongest, while Dollar is also rebounding. On the other hand, Sterling reversed earlier rallies...
GOLD Passes May High Level
On Tuesday, the price for gold booked a new high level, as the commodity shortly traded above the 1,915.00 level. The price managed to pass the previous May high of 1,913.12. In the near term future, the metal could gain...
Canadian Dollar Rises Ahead Of GDP
The Canadian dollar continues to drift this week. In the European session, USD/CAD is trading at 1.2037, down 0.08% on the day. Canada GDP projected to accelerate Canada’s economy is expected to have surged ahead in the first quarter of...
RBA Affirmed that Adjustments to YCC and QE would be Announced in July
As expected, the RBA left all monetary policy measures unchanged in June. Policymakers maintained a dovish tone, suggesting no rate hike at least until 2024. They also affirmed that some adjustments to the monetary policy would be made in July....
Aussie Steady after RBA, Dollar Softens Mildly
Trading remains relatively subdued in Asian session today. Aussie firmed up slightly, but lost momentum after RBA delivered no surprise to the markets. Sterling is also trying to break through a key near term resistance against Dollar, but there is...
Market Morning Briefing: Aussie Has Bounced Well From 0.77
STOCKS Dow can move up within its 33500-35000 range. DAX is struggling to gain strength to breach 15500. It can fall if it breaks below 15400 and keep the 14800-15500 range intact. Nikkei has to sustain above 28500 to avoid...
China’s Robinhood rivals pile into the crypto craze as they look to compete overseas
In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket | Getty Images BEIJING — Two of China’s rivals to stock trading app Robinhood...
OPEC Meeting Unlikely to Roil Markets, But Iran Might
It’s a crucial week for the oil market, with an OPEC+ meeting on Tuesday that will likely see the cartel and its allies increase their production gradually, capitalizing on the improvement in demand. This has already been decided, so the...
XAU/USD Outlook: Gold Eyes $2000 Barrier as Bulls Accelerate in May on Growing Inflationary Pressure
Spot Gold keeps firm tone and consolidating under new nearly three-month high ($1912) on Monday, supported by weak dollar while growing inflationary pressures lift gold’s appeal as the metal is used as a hedge against inflation. The other supportive factor...
Sterling and Dollar Softer in Subdued Trading, Aussie Firm ahead of RBA
Trading continue to be relatively subdued as US and UK are both on holiday. Sterling is mildly softer, followed by Dollar, and Swiss Franc. On the other hand, Australian Dollar is strengthening mildly, ahead of RBA rate decision in the...
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