Month: January 2021

Silver prices rose by Rs 92 to Rs 68,197 per kg in futures trade on Friday as participants widened their bets on firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 92, or 0.14 per cent, to Rs 68,197 per kg in 14,044 lots. Analysts said the rise in
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The winners and losers among the major currencies space in 2020 It has been a long and weary year with plenty of twists and turns along the way but here we are, wrapping up the final day of a historic 2020. Everything that we knew about the year was completely eviscerated in the first three
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Coinbase has seen a large spike in buyer activity overnight as the price of Bitcoin (BTC) surpassed $32,500 on Jan. 2. Analysts say the trend was reminiscent of MicroStrategy’s Bitcoin accumulation, possibly fueled by institutional buy orders. As a result, BTC surpassed $31,000, reaching a new all-time high. BTC/USD daily candle chart (Coinbase). Source: Tradingview Coinbase
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Weekly US initial jobless claims data Prior was 803K (revised to 806K) Continuing claims 5219K vs 5390K expected Prior continuing claims 5337K PUA claims 308K vs 397K prior Total claims 19.564K vs 20.368K prior Full report This is for the week ending December 26, which is obviously impacted by holidays and very tough to forecast
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LONDON: Members of the OPEC group of oil producers and their partners will meet via videoconference on Monday to decide on production levels for February, hoping to turn the corner on a difficult year. The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between
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Everyone goes back to zero 2020 was a year of incredible opportunities in financial markets but the FX market was more of a sideshow than the main participant. I think that chances in 2021. There are going to be some of the big trends that make for big trades that last months. We’ve seen the
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