The British pound advanced on Thursday, with the gains for the U.K. currency proving a drag for the shares of British exporters.
The Children’s Heart Unit Fund which supports children with cardiac ailments, received the crypto donations using The Giving Block platform.
Euro zone officials are ready to let Croatia and Bulgaria into the ERM-2 mechanism, a preliminary stage for adopting the euro as their currency in the next three years, four sources told Reuters. The move would pave the way for the first enlargement of the euro zone since 2015, when Lithuania joined the currency bloc, which now has 19 members. European officials said a decision was imminent after a final backing from euro zone and EU finance ministers, who hold video conferences later on Thursday and Friday.
EUR/USD is bullish and we might see 1.1410 hit. However, the pair is sitting at important resistance.
European stock markets traded higher Thursday, with healthy results from software giant SAP (DE:SAPG) pointing to an economic recovery but investors remain wary of the mounting coronavirus cases ahead of the new earnings season. Helping the German index outperform Thursday were strong gains from SAP, up 7.5% at a new all-time high, with the business software giant posting a rise of 8% in its second quarter operating profit, helped by a recovery in software license revenue in the Asia Pacific and Japan region. Elsewhere, fashion retailer boohoo.com (LON:BOOH) shares bounced sharply after its biggest shareholder, Jupiter Fund Management (LON:JUP), delivered a vote of confidence in the company by raising its stake to over 10%.
Elsewhere, the USD/CNY pair slid 0.2% to 6.9878. The yuan was boosted by better-than expected inflation data for June, with producer prices falling 3% year-on-year. The drop in the PPI was smaller compared with the previous month’s drop of 3.7% and the 3.2% drop analysts had generally forecast. However, the pair is being supported most by the rally in Chinese stocks, which continued for an eighth straight day on Thursday.
European stock markets are set to edge higher Thursday, with investors hopeful of more government help to sustain the economic recovery while remaining wary of the mounting coronavirus cases ahead of the new earnings season. At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.2% higher. CAC 40 futures in France were up 0.8%, while the FTSE 100 futures contract in the U.K. rose 0.6%.
It’s a relatively quiet day on the economic calendar. Expect the weekly jobless claims from the U.S, Brexit, and COVID-19 to draw attention.
Stellar’s Lumen is on the move after yesterday’s break out. For the broader market, avoiding the pivots would support another day in the green.
Posted by OFX AUD - Australian Dollar The Australian dollar crept higher through trade on Wednesday, buoyed by a softer USD and an uptick across equities and commodity prices. Having traded sideways through much of Wednesday the AUD regained upward momentum, again closing in on 0.70 US cents. The AUD touched intraday … Continue reading "AUD falters again on approach to 0.70 US cents"The post AUD falters again on approach to 0.70 US cents appeared first on .
USD/CAD failed to settle above the 20 EMA and moved back into the previous trading range.
Gold markets have broken above the $1800 level rather solidly on Wednesday, as we even approached the $1825 level.
The US dollar continues to hang around ¥107 as this is a bit of a magnet for price. This is an area that the buyers and sellers both continue to be interested.
British pound has pulled back on Wednesday, only to turn around and rally yet again. It’s been a bit of an enigma because it rallies in the face of danger.
British pound rallied against Japanese yen on Wednesday but ran into a lot of trouble at the ¥135 level again. We may get a little bit of a pullback.
Euro has rallied on Wednesday as we continue to dance around the 1.13 handle in general. The market probably finds plenty of reasons to go sideways yet again.
Aussie dollar has been quiet on Wednesday, as we continue to face the same foe. At 0.70 we continue to see a lot of resistance,that extends all the way to 0.71.
Silver managed to get above the nearest resistance level and heads towards the yearly highs at $19.00.
The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Wednesday and yields on Canada's long-term debt rose by the most in nearly four months as Ottawa forecast its largest budget shortfall since the Second World War. The loonie <CAD=> was trading 0.7% higher at 1.3503 to the greenback, or 74.06 U.S. cents. "Clearly the initial rally was supported by global risk appetite," said Karl Schamotta, chief market strategist at Cambridge Global Payments.
The direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the 50% levels at 1.1295 and 1.1265.
Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that will bring more transparency to its operations.
The synchronized breakouts in both gold and silver have raised speculation about a further extension. Especially golds move above $1800 has, from a technical perspective, opened up for a move towards the 2011 record high.
GBP/USD pushed higher above the 1.2500 handle yesterday, breaking from a three-day consolidation.
EUR/USD traded unchanged shortly after the European open and volatility may be subdued into North American trading.