The USD/CHF continued to gain traction for the fourth consecutive session on Wednesday. A strong bid tone around the US dollar is seen as a key factor driving the pair up. Optimistic market sentiment dampened the safe-haven Swiss franc, for which it remains supportive. The USD/CHF pair maintained itsRead More →
Cardano currently stands at 8th rank with a market cap of $3.46 billion. With the coin trading at $0.1329, the coin is stuck moving sideways with no proper destination in sight. Cardano 1-day chart Source: ADAUSD TradingView The price has 3 possible directions to move, up, down, or sideways.Read More →
Gold futures marked a fourth straight session decline on Tuesday to settle at their lowest since August, as strength in the U.S. dollar and fresh highs for U.S. stock benchmarks contributed to waning demand for haven gold. The charts for gold “remain negative and the overall macroeconomic environment doesn’t haveRead More →
Bloomberg A customer inserts a chip debit card into a credit card terminal at a Walmart Inc. location in Burbank, Calif. The numbers: Consumer borrowing growth weakened a bit in August, led by weaker credit card debt, according to Federal Reserve data released Monday. Total consumer credit increased $17.9 billion,Read More →
© Reuters. Traders work on the floor at the NYSE in New York By Noel Randewich (Reuters) – Wall Street surged on Friday after moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the world’sRead More →
Bloomberg A container ship sits in Yokohama, Japan last month. The U.S. and Japan have reached an initial trade agreement this week, according to President Donald Trump. The numbers: The advance trade deficit in goods widened to $72.8 in August, up 0.5% from the prior month, according to the CommerceRead More →
© Reuters. Traders work on the floor at the NYSE in New York (Reuters) – U.S. stock index futures pared gains on Friday after data showed domestic job growth slowed more than expected in August, but strong wage gains should keep the economy expanding moderately amid rising threats from tradeRead More →
HONG KONG (Reuters) – Gambling revenue in the Chinese territory of Macau dropped 8.6% in August on the year, hit by tapering demand from high rollers, due to slowing economic growth amid China’s trade war with the United States and protests in neighboring Hong Kong. August’ s figure was 24.3Read More →
Gold futures settled lower on Friday to post a loss for the week, but prices tallied a fourth consecutive monthly gain, with investors snapping up the precious metal and other haven assets in August as trade-related tensions stoked worries over global growth. “The precious metals remain in a bullish uptrend,Read More →
Gold futures dropped below the key $1,300 mark on Friday to settle at their lowest in a month and half, down over 2% from a week ago—the sharpest weekly fall since August. An overall risk-on sentiment, which boosted U.S. and global stocks, as well as strength in the U.S. dollarRead More →
