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NZDUSD long on a dovish hand The last FOMC meeting in June resulted in a shift higher in the USD. The reason was due to the dot plot shift which demonstrated that FOMC board members saw interest rates coming sooner than they had previously. This resulted in some USD strength and chatter that the ‘reflation’
AUDUSD is prone to be the weakest performer among majors in July. The selloff accelerated 2 weeks ago as the resurgence of coronavirus has triggered lockdown in New South Wales, Victoria and South Australia. In the near-term, sentiment over the currency pair could remain weak as state governments would likely extend the lockdown to prevent
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
New Delhi: Gold in the national capital on Tuesday dipped Rs 123 to Rs 46,505 per 10 grams amid weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,628 per 10 gram. Silver also went lower by Rs 206 to Rs 65,710 per kg,
Overall markets are in risk-off mode today, started with steep selloff in Hong Kong and China stocks. Nevertheless, losses in Europe are limited, while DOW future is just slightly lower. In the currency markets, commodity currencies are the worst performing ones, as led by New Zealand Dollar. Yen is the strongest one, followed by Swiss
The forex markets are rather quiet in Asia, with major pairs and crosses stuck inside yesterday’s tight range. Risk sentiments are mixed. While US indexes extended the record runs overnight, Asian index are struggling, as dragged down by extended selloff in Hong Kong. Overall, European majors are generally firmer together with Yen. On the other
Forex news for NY trading on July 26, 2021 The dollar dipped in trading today and the stocks moved higher ahead of a number of key large cap earnings this week and the FOMC rate decision.  Apple, Amazon, Alphabet, Facebook,  Microsoft, Starbucks, Boeing, MasterCard, PayPal and many others are all scheduled to release earnings between Tuesday and Thursday this week.   The major US
Dollar a touch softer on the balance of things but in a mixed spot The greenback is keeping a mild advance against commodity currencies, though gains have been chipped away with the dollar losing some slight ground against the likes of the euro, pound, and yen so far on the day. Treasury yields are staying
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NEW DELHI: Coriander prices on Friday rose Rs 64 to Rs 6,932 per quintal in futures trade as speculators widened their holdings tracking a firm trend at the spot market. On the National Commodity and Derivatives Exchange, coriander for August delivery went up by Rs 64, or 0.93 per cent, to Rs 6,932 per quintal