BITCOIN INCHES HIGHER  Bitcoin and ethereum rose on Tuesday, as traders piled back into cryptocurrencies, after a slump in the prior session.

BITCOIN INCHES HIGHER WHILE ETHEREUM PARES LOSSES FROM PRIOR SESSION

BITCOIN INCHES HIGHER WHILE ETHEREUM PARES LOSSES FROM PRIOR SESSION

 BITCOIN INCHES HIGHER  Bitcoin and ethereum rose on Tuesday, as traders piled back into cryptocurrencies, after a slump in the prior session.

BUZ INVESTORS BITCOIN INCHES HIGHER  Bitcoin and ethereum rose on Tuesday, as traders piled back into cryptocurrencies, after a slump in the prior session.

On the U.S.-based GDAX exchange, BTC/USD rose to $2,445, up $63.5 or 2.80%.

Other big exchanges such as Poloniex, Bitfinex and BitStamp also showed the cryptocurrency trading around the $2400-level.

ETH/USD pared losses sustained in the prior session, rising 8.96% to $262.66.




BITCOIN INCHES HIGHER

 

Despite the rebound in ethereum and bitcoin, analysts continued to expect that cryptocurrencies are facing a period of correction.

Charles Hayter, co-founder and CEO of leveraged cryptocurrency platform CryptoCompare said that “a correction of sorts was [in] the cards”

Hayter’s comments echoed that of Digital currency investor Fed Wilson, who said in blog post that the “we are headed for a selloff in the crypto sector”

Ethereum and Bitcoin have moved in tandem recently, as both cryptocurrencies printed fresh record highs earlier in June of $3,000 and $419.3, respectively.

|Chart | Calendar   | TRADE NOW | FORCAST | cryptocurrency 

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Gold decreased 2.75 USD/t oz. or 0.22% to 1,257.94 on Thursday May 25 from 1,258.10 in the previous trading session. Historically,

Gold markets exploded to the upside during the session on Wednesday,

Chart | Calendar   | TRADE NOW | GOLD

Gold  | Data | Chart | Calendar | Forecast | News

Gold

BUZ INVESTORS  Gold markets exploded Gold is trading at $1261.50 per ounce at 09:40 GMT this morning, 0.06% higher from the New York close. This morning, the precious metal traded at a high of $1263.20 per ounce and a low of $1253.70 per ounce. Yesterday, gold traded 0.73% higher in the New York session and closed at $1260.70 per ounce, amid broad weakness in the greenback and a decline in global equity markets. Immediate downside, the first support level is seen at $1249.93 per ounce, while on the upside, the first resistance level is at $1268.13 per ounce.

This morning Gold decreased 2.55 USD/t oz. or 0.20% to 1,258.55 on Thursday May 18 from 1,260.35 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.

Gold markets exploded

Gold

The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications. This page provides – Gold – actual values, historical data, forecast, chart, statistics, economic calendar and news. Gold – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1258.55 1257.99 1898.25 34.83 1968 – 2017 USD/t oz. Daily
AUDUSD flirting with 2-month lows

AUDUSD what will the Asian session bring for AUD traders

Chart | Calendar   | TRADE NOW | AUDUSD

AUDUSD what will the Asian session bring for AUD traders

AUDUSD

BUZ INVESTORS  AUD traders  The pair is trading at 0.7366 at 09:40 GMT this morning, with the Australian Dollar trading 0.27% higher against US Dollar from the New York close. Earlier in the session, in China, Australia’s largest trading partner, the consumer price index (CPI) advanced more-than-expected on an annual basis in April. This morning, the pair traded at a high of 0.7374 and a low of 0.7335. The Australian Dollar traded 0.07% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7346. The pair is expected to its find support at 0.7339 and its first resistance at 0.7384.

Currently, AUD/USD is trading at 0.7345, up 0.02% on the day, having posted a daily high at 0.7348 and low at 0.7339.

The AUD/USD has been out of favour with markets of late with a combination of disappointing key economic data and commodity prices while the dollar marches on. AUD/USD’s  minor corrections have been faded in a phase of consolidation and the US shift saw at fresh 4-month  at 0.7328 overnight.

Traders continued to sell the Aussie after yesterday’s  Retail Sales data for March when sales fell by 0.1% in March vs expectations of a 0.3% advance. For today, we have Chinese inflation data as the next major catalyst.




 AUD traders

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Australian Dollar| Data | Chart | Calendar | Forecast | News

The AUDUSD increased 0.0042 or 0.57% to 0.7386 on Wednesday May 10 from 0.7344 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

Australia Markets Last Previous Highest Lowest Unit
Currency 0.74 0.73 1.10 0.48 [+]
Stock Market 5875.40 5839.90 6828.70 1358.50 points [+]
Government Bond 10Y 2.66 2.66 16.50 1.83 percent [+]
2 Year Note Yield 1.73 1.75 5.26 1.43 percent [+]
5 Year Note Yield 2.21 2.22 5.50 1.48 percent [+]

 

Australian Dollar

The AUDUSD spot exchange rate specifies how much one currency, the AUD, is currently worth in terms of the other, the USD. While the AUDUSD spot exchange rate is quoted and exchanged in the same day, the AUDUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Australian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australian Dollar – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




Buz Investors EURUSD Marginally Higher A very light economic calendar and some easing political concerns are resulting in a modest gain in EUR/USD in today’s trading. The pair is currently at 1.0619, up 0.10% over Friday’s close.

EURUSD Euro lost for the third session to $1.074

Euro lost for the third session to $1.074

BUZ INVESTORS Euro lost for the third session This morning at 09:40 GMT, the EUR is trading at 1.0732 against the USD, 0.33% lower from the New York close

EURUSD

BUZ INVESTORS Euro lost for the third session This morning at 09:40 GMT, the EUR is trading at 1.0732 against the USD, 0.33% lower from the New York close. On the data front, Eurozone’s consumer confidence improved in March. This morning, the pair traded at a high of 1.0769 and a low of 1.0729. The Euro traded marginally higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0767. The pair is expected to its find support at 1.0709 and its first resistance at 1.0774.



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Euro lost for the third session

Eurozone’s consumer confidence improved in March

The Euro lost for the third session to $1.074 on Thursday, the lowest in more than a week. It follows a 0.5 percent drop on Wednesday after the UK formally began the process to leave the European Union and after a report suggested the ECB will not end monetary easing soon. The common currency was down nearly 0.2% to $1.07465 around 8:40 AM London time, the lowest since March 20th. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.

The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides the latest reported value for – Euro Dollar Exchange Rate – EUR/USD – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Dollar Exchange Rate – EUR/USD – actual data, historical chart and calendar of releases – was last updated on March of 2017.


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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




Buz Investors ASIAN SESSION The dollar remains relatively strong, posting gains against most major counterparts with the exception of the euro which was helped in the aftermath of yesterday’s ECB meeting and subsequent press conference

ASIAN SESSION – GOLD EXTENDS LOSSES; ALL EYES ON US JOBS REPORT

 

ASIAN SESSION – GOLD EXTENDS LOSSES; ALL EYES ON US JOBS REPORT

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Buz Investors ASIAN SESSION The dollar remains relatively strong, posting gains against most major counterparts with the exception of the euro which was helped in the aftermath of yesterday’s ECB meeting and subsequent press conference by its President, Mario Draghi. As a result of dollar strength, gold was pushed below $1200 an ounce.

The European Central Bank signaled yesterday it currently does not plan to take further accommodative measures to boost the Eurozone economy as there are positive signs on the horizon. This helped a euro that was already strong due to favorable developments on the political front; namely Emmanuel Macron gaining in the polls against anti-EU rival Marine Le Pen.



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ASIAN SESSION

The dollar continued to post losses against the euro during today’s Asian trading, though more moderate ones relative to yesterday’s European session trading. Euro / dollar was eyeing the 1.06 level in late Asian session. Relative to the yen, the greenback advanced yet again, this time surpassing the 115 yen level and setting a new seven-week high.

Investments out of Japan and into the US currency are partly coming on the back of rising US Treasury rates. Treasury yields extended their run with the 10-year note rate advancing for a tenth day to climb above the 2.6% mark, posting its longest streak since 1974.

Gold is extending its losses for a fifth straight day to record its longest losing run since October last year. The precious metal has been losing its attractiveness on improving expectations about the US economy, which are leading to a stronger dollar. Today it slid below the $1200 an ounce psychological level to reach a low of $1196.71, while in late Asian session it was close to its lows.

WTI crude oil rose from the three-month low reached recently but remains below the $50 a barrel level.

Further ahead, the main highlight of the day would be the much-awaited US jobs report with employers expected to have added 190,000 workers to payrolls, according to a poll by Reuters. The Canadian jobs report and manufacturing data out of the UK will also be on the watch list.




major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




ASIAN SESSION – DOLLAR FADES STRENGTH AHEAD OF FED CHAIR YELLEN’S SPEECH; YEN GAINS AFTER JAPAN CPI

ASIAN SESSION – DOLLAR FADES STRENGTH AHEAD OF FED CHAIR YELLEN’S SPEECH; YEN GAINS AFTER JAPAN CPI

ASIAN SESSION – DOLLAR FADES STRENGTH AHEAD OF FED CHAIR YELLEN’S SPEECH; YEN GAINS AFTER JAPAN CPI

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Buz Investors ASIAN SESSION The dollar faded its recent strength that was driven by increasing confidence that the Federal Reserve will raise rates this month. The yen strengthened after four days of losses, following data that showed a moderate rise in Japanese inflation.

Japan’s core CPI number rose 0.1% year-on-year in January and was the first increase since December 2015. It was expected to remain flat after a 0.2% decline in December. The uptick in inflation would be a relief for the Bank of Japan, although the rate still has a long way to go to reach the Bank’s 2% target.

 




 

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ASIAN SESSION

 

The data helped boost the yen against the dollar, giving it some reprieve after four consecutive days of losses. Dollar / yen eased down to an Asian session low of 114.06 after the pair hit a 2-week high of 114.58 yesterday.

The dollar index took a breather today after rising to its highest level since January 11 yesterday, on the back of rising expectations for a March rate hike by the Fed at its upcoming policy meeting. Several Fed officials speaking in recent days, indicated their support for higher rates soon and this has raised the implied probability of a move by the Fed this month.

All eyes now turn to Fed Chair Janet Yellen and Vice Chair Stanley Fischer who are both due to speak in Chicago later today. Investors will look for more insight into the US central bank’s rate hike path but many expect them to maintain the Fed’s recent hawkish tone. Other Fed officials due to speak today include Charles Evans, Jeffrey Lacker and Jerome Powell. From tomorrow, the Fed will enter a blackout period until its policy meeting on March 14-15.

The pull back in dollar strength helped the euro and sterling trim losses. The euro moved off a 7-week low hit yesterday at 1.0494 to rise to an Asian session high of 1.0526. Cable was steady between 1.2254 and 1.2282.

Commodity-linked currencies were weighed by falling commodity prices that were hit by a broadly strong dollar. Aussie / dollar fell to a 1-month low of 0.7542. WTI oil is consolidating losses after falling to a 3-week low of $52.52 a barrel yesterday. Gold extended losses during the Asian session to reach a 2-week low of $1225.39 an ounce.

Looking at economic data for the rest of the day, focus will be on services PMI surveys that will be released out of the Eurozone, the UK and the US. The highlight of the day will be Fed Chair Janet Yellen’s speech in Chicago.




major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




USDCHF Clawing Back Following Monday’s Break

USDCHF struggling for a firm direction, headed back to session low

USDCHF struggling for a firm direction, headed back to session low

buz Investors USDCHF struggling The US Dollar is trading at 1.0069 against the Swiss Franc at 10:40 GMT this morning, 0.06% lower from the New York close.

USDCHF

buz  Investors USDCHF struggling  The US Dollar is trading at 1.0069 against the Swiss Franc at 10:40 GMT this morning, 0.06% lower from the New York close. Looking ahead, investors’ will focus on Switzerland’s KOF leading indicator data, scheduled to release tomorrow. The pair traded at a high of 1.0089 and a low of 1.0055 this morning. On Friday, the USD traded 0.43% higher against the CHF in the New York session and ended at 1.0075. The pair is expected to its find support at 1.0030 and its first resistance at 1.0098.



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USDCHF struggling

 Switzerland’s KOF leading indicator data, scheduled to release tomorrow.

The USD/CHF pair struggled to build on Friday’s sharp recovery from a hundred-day SMA guide and is now headed lower back to the decrease give up of every day trading range.

presently trading in neutral territory, round 1.0075-70 location, the pair lacked a firm intraday path amid subdued greenback fee-action, with the important thing US dollar Index caught inside a slim band marginally above the one hundred and one.00 handle. in the meantime, news file that the UK government is making ready for a new Scottish independence referendum, and cautious sentiment around ecu equity markets, became visible assisting the Swiss Franc’s secure-haven enchantment, albeit has did not offer any fresh impetus for the major.

buyers’ seemed to choose a wait and watch coverage in advance of the usa President Donald Trump‘s first cope with to Congress on Tuesday, which could be appeared upon for clarity over his expansive monetary rules and finally determine the pair’s close to-term trajectory.

in the period in-between, Monday’s US monetary releases – durable goods orders and pending home income, observed by Dallas Fed President Robert Kaplan’s speech may provide a few impetus for quick-term buyers throughout NA consultation.

 

 



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




ASIAN SESSION – GOLD AT 3-MONTH HIGHS ON SOFTER DOLLAR AFTER MNUCHIN COMMENTS

ASIAN SESSION – GOLD AT 3-MONTH HIGHS ON SOFTER DOLLAR AFTER MNUCHIN COMMENTS

ASIAN SESSION – GOLD AT 3-MONTH HIGHS ON SOFTER DOLLAR AFTER MNUCHIN COMMENTS

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Buz Investors GOLD AT 3-MONTH HIGHS  Gold consolidated gains at a 3-month high as the US dollar was on track to end the week with losses. The greenback touched a 2-week low against the yen on Thursday after being weighed by disappointing US jobless claims data and US Treasury Secretary Steven Mnuchin’s remarks.

The number of Americans applying for unemployment benefits increased by 6,000 to 244,000 in the week ending February 18 from the previous week’s revised total of 238,000. Expectations were for jobless claims to rise by 2,000 to 241,000 last week.



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GOLD AT 3-MONTH HIGHS

Meanwhile, the dollar was already under pressure after the FOMC minutes on Wednesday, which did not give a clear picture about when the next Fed rate hike would take place. Additionally, the greenback was dragged down by comments yesterday from Secretary Mnuchin who said the government’s policies will have a limited impact on the economy this year.

Hawkish remarks by FOMC member Robert Kaplan yesterday helped cushion a further decline in the dollar. Kapan said the Fed should raise rates sooner rather than later.

Dollar / yen consolidated losses just below the key 113-yen level in Asian trading.

The euro maintained gains against the dollar to move further away from a one-month low hit earlier this week. Euro / dollar rose to a session high of 1.0594. Further gains may be limited due to concerns over the French elections weighing on the currency.

Gold was buoyed by a slump in the dollar, and rose to a new 3-month high in late Asian session trading, to hit $1254.19 an ounce.

Oil was helped higher after the EIA inventory report yesterday showed a smaller-than-expected build in US crude inventories. Crude stockpiles rose 0.6 million barrels versus 3.4 million anticipated last week. This was much lower than the prior week’s 9.5 million barrels. WTI oil remained above $54 a barrel while Brent crude traded above $56 a barrel.

The economic calendar is light for the rest of the day, with markets focusing only on Canadian inflation data and US new home sales.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




AUDUSD flirting with 2-month lows

AUDUSD Trading with Modest Gain in Volatile Session

AUDUSD Trading with Modest Gain in Volatile Session

Buz Investors Volatile Session The pair is trading at 0.7704 at 10:40 GMT this morning, with the Australian Dollar trading 0.12% lower against US Dollar from the New York close.

AUDUSD

Buz Investors Volatile Session The pair is trading at 0.7704 at 10:40 GMT this morning, with the Australian Dollar trading 0.12% lower against US Dollar from the New York close. This morning, the pair traded at a high of 0.7720 and a low of 0.7695. The Australian Dollar traded 0.1% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7713. The pair is expected to its find support at 0.7678 and its first resistance at 0.7736.



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Volatile Session

 AUD/USD changed into hit hard on Thursday after the release of a weaker-than-expected reading on capital expenditure. non-public capital expenditure – a main indicator of financial pastime – fell at a seasonally adjusted 2.1% inside the 3 months to December, the Australian Bureau of records suggested on Thursday. Consensus estimate became for a 0.four% decline.

The December drop marked the fourth consecutive quarter of declining capex for Australian groups. Capital expenditure is down in 8 of the past nine quarters standard.

AUD/USD fell sharply at the news, but controlled to locate help on the decrease boundary of the rising trend channel which has described fee action for the reason that early February. At gift, the pair is off the lows of the session, trading at 0.7711, up zero.14% over Wednesday’s North American close.

these days’s recuperation is taking area as the dollar stays under strain following the discharge of the mins of the January FOMC assembly. there was no clean directive in regards to an hobby price growth in March, a improvement which has caused promoting within the dollar. the us dollar index is currently down zero.29% at 101.04.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)