FX option expiries for July 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1500 916m
Read More »Bitcoin Struggling And Ethereum outperforming
Bitcoin is struggling to stay above $ 9,500 with bullish momentum fading and the technical picture indicates that the price may fall to 9400 before resuming the rally. Interest in bitcoin reached its lowest level since December 2019 amid fluctuations and low trading volumes. Bitcoin dominance index fell to 61.5% …
Read More »Dollar Hits Four-month Low
The US dollar reached its lowest level in four months, and the Chinese yuan regained some losses from the previous decline, as investors adopted a wait-and-see attitude regarding the outcome of the tensions between the two countries. The United States granted China until Friday to close its Houston consluate, on …
Read More »Jobless Claims in US Increased by 109,000
Weekly jobless claims in the United States increased by 109,000 as data released by the US Department of Labor on Thursday revealed 1,416,000 initial claims for unemployment benefits in the United States during the week ending July 17. That reading came after last week’s reading of 1,307,000 and worse than …
Read More »US Stocks Set to Open Higher
US equity markets are set to open higher with sentiment gaining some confidence after Tesla and Microsoft’s results. Earnings reports from Microsoft exceeded analysts’ expectations for a 13% increase in sales and a net profit of $ 11.2 billion, despite disappointment that Azure’s sales growth slowed below 50%. Dow Jones …
Read More »British Factory Orders Fell at The Slowest Pace
British factory orders fell at the slowest pace since March this month and firms are more optimistic about the coming months after the economic impact of COVID-19 caused the biggest collapse in demand since 1980. The Confederation of British Industry’s (CBI) monthly order book balance rose to -46 in July …
Read More »Europe Stocks Higher But Tensions Dominate
European stock markets are rising on Thursday, supported by increased confidence and strong earnings from Unilever, but were quickly bogged down by more headlines about the tension between the United States and China. The German DAX rose 0.5%, French CAC rose 0.3% while FTSE scored 0.4%. Consumer sentiment in Germany …
Read More »USD is Falling on Tensions
The US dollar on the dollar index, which measures the strength of the US currency against a basket of major currencies, fell to the lowest level in four months to continue to decline with investors in wait and see attitude by what the tension between the United States and China …
Read More »Sterling Steady Above $1.27
The British pound settled above $ 1.27 in the last day of Brexit negotiations, with investors looking for any headlines that might shed some light on whether Britain will exit the European Union with a deal at the end of the year. Media reports suggested the United Kingdom has given …
Read More »French Finance Minister: Expects The Economy to Grow 8% in 2021
French Finance Minister Bruno Le Maire said on Thursday that his country expects the economy to grow 8 percent in 2021. Le Maire told the National Assembly that the government wanted the economic activity to return to pre-crisis levels, starting in 2022. He also said that the latest data was …
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