The pound has dropped despite upbeat Uk jobs report and weaker US dollar. The Uk unemployment rate report showed a drop to 4.9% which is 0.1% less than the expectation of 5% whereas the Claimant count has dropped to 10.2 k which is significantly less than the expectation of 113 k ,The figure is also [...]
Global economic optimism created due to the covid vaccine rollout weighs on the safe haven asset - greenback. Along with that, the RBA monetary policy, Lower Treasury yields seems to favor the Aussie. As per the Australian RBA minutes, Australia’s economic recovery has surpassed all expectations with an “above-trend” expansion likely this year. The country’s [...]
NFTs are tokens that can be used to represent ownership of unique items. They help to tokenize things like art, collectibles, even real estate. They can only have one official owner at a time and they’re secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT [...]
Gold is trading upside against greenback This is mainly due to the persistent weakness US Treasury yields. But the demand for the US dollar, amid concerns over the US President Biden’s $2.25 trillion infrastructure stimulus and covid infections is acting as a barrier in the upside trading of gold. U.S. 10-year Treasury yields has edged [...]
