CME Group’s advanced figures for Natural Gas futures markets noted open interest and volume went down by around 4.5K contracts and by around 57.3K contracts, respectively, on Tuesday, extending the downtrend seen in the last sessions. Natural Gas remains underpinned by the 200-day SMA Natural Gas prices seem to have moved …
Read More »Unemployment in Turkey Rises to 12.9%
Data showed unemployment in Turkey rose slightly between April and June to 12.9%, compared to 12.8% in the previous month, thanks to a ban on layoffs amid the Corona pandemic. Employment fell by 2.4 million year-on-year in the same period to 25.9 million, in conjunction with the almost complete halt …
Read More »Eurozone Investor Confidence Rose to -13.4
Eurozone Sentix Investor Confidence rose to -13.4 in August, up from -18.3, above the expectation of -15.2. It’s also the fourth increase in a row and highest since February. The current Situation index rose to -41.3, up from -49.5, highest since March. Expectations, however, dropped slightly to 19.3, down from …
Read More »Gold Futures Fell During Asian Session
According to the COMEX, gold futures for October were traded at $ 2056.00/ounce, down 0.12%. It was previously traded lower at $2044.80/ounce. Gold may find support at $1963.50 and resistance at $2072.75. The dollar index, which measures the performance of the greenback against a basket of six other major currencies, …
Read More »Wall Street Set To Open higher Thanks to Walt Disney’s Results
Main indexes were set to open higher on Wall Street with Disney’s quarterly earnings report and a slate of upbeat results from healthcare companies. Pre-market shares of Walt Disney jumped 6.6% and were set to reach their highest level in two months. Better-than-expected corporate results and a surge in shares …
Read More »Dollar Drops Against Most Currencies
The US dollar fell on Monday after investors shunned the US dollar after doubts about the pace of economic recovery and betting that the Federal Reserve may signal another shift in its forecast this week. The US currency fell to a four-month low against the Japanese yen, a 22-month low …
Read More »Bitcoin Taking a Breath Before Another Jump
Bitcoin is trading at $ 9543 and recovered above $ 9,500 after a short decline due to the bearish sentiment in the global markets. Bitcoin has a market value of $ 175.7 billion, which represents 61.4% of the total capitalization in the digital assets market. Over 82% of Bitcoin holders …
Read More »Euro Trying to Recover
The single currency rose on Monday to hit a four-month high against the US dollar on traders’ speculation about the European Union summit and the possibility of reaching an agreement regarding a huge recovery fund for the region. EUR/USD rose 0.2% to 1.1443 after reaching a four-month high of 1.1467, …
Read More »China’s Foreign Ministry: Foreign Countries Should Stop Interfering in Hong Kong’s Domestic Affairs
Responding to criticism from the United States, the United Kingdom, and other countries about the National Security Law of Hong Kong, Chinese Foreign Ministry spokesman Zhao Lijian asked foreign countries to refrain from interfering in Hong Kong’s domestic affairs. Quotes “Foreign countries should look at the situation in Hong Kong …
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