Month: May 2021

Gold finished the previous four weeks in the positive territory. Next target on the upside is located at $1,930. Gold Weekly Forecast: XAU/USD bulls not yet ready to give up on additional gains. The XAU/USD pair closed the fourth straight week in the positive territory on Friday and went into a consolidation phase on Monday.
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Dollar weakens broadly in relatively quiet Asian session today, while Australian Dollar is strengthening. Asia markets are trading mildly lower, but losses are limited. Month-end flow, plus holiday in the UK and the US, could keep activity subdued today. But the week ahead is extremely busy, with lots of first-tier economic data featured. Technically, Dollar’s
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CME Group’s flash data for crude oil futures markets noted open interest extended the uptrend for yet another session on Friday, this time by nearly 11K contracts. Volume, followed suit and went up markedly by around 284K contracts after two daily pullbacks in a row. WTI still looks to $68.00 Friday’s pullback in prices of
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NEW DELHI: Gold declined by Rs 205 to Rs 47,910 per 10 gram in the national capital on Friday in line with selling in global precious metals and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 48,115 per 10 gram in the previous trade. Silver, however, gained marginally from Rs
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What you need to know on Monday, May 31: Market players are still willing to sell the greenback on upward moves, suggesting the American currency will remain on the backfoot these days. The greenback keeps moving alongside US government bond yields, which reflect US inflation expectations. Upbeat US data provided temporal support to the USD,
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NEW DELHI: Aluminium prices on Friday fell Rs 2.45 to Rs 193.60 per kg in the futures market as participants trimmed their positions on a low trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June declined by Rs 2.45, or 1.25 per cent, to Rs 193.60 per kg in
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As digital asset markets suffer a broad pullback, cross-chain bridge protocol Ren has announced integrations with EMV-compatible chains Fantom and Polygon that could bolster liquidity across the DeFi ecosystem.  In a blog post on Friday, Ren announced that the RenVM bridge now supports the trustless transfer of four popular cryptocurrencies to Fantom, including Bitcoin, DOGE,
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A look at seasonal trends in the forex market for June 2021 June will begin after a long weekend in the US as we turn the calendar Tuesday with an OPEC meeting that could set the table for crude and commodity currencies. In the bigger picture, economic data and central banks are growing drivers in
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