Active Trading Plan: Insights & Opportunities 09 & 10 August 2021 from Unum Capital
Via our research, we’ve maintained two views on CLS: The medium term ascending triangle is positive and could see higher levels being tested (possibility of 31300c/32200c), however In recent days…
Gold was down on Thursday morning in Asia, with the dollar strengthening after the U.S. Federal Reserve hinted that it could begin asset tapering as soon as 2021 in the minutes from its latest meeting.
Oil was down Thursday morning in Asia, but remained near three-month lows. An uptick in global COVID-19 cases, alongside a build in U.S. gasoline inventories, all increased pressure on the black liquid.
The dollar was up on Thursday morning in Asia, rising to a nine-month high against both the euro and the riskier Antipodean currencies. The possibility that the U.S. Federal Reserve will begin asset tapering in 2021 also gave the U.S. currency a boost.
Asian shares fell on Thursday while the dollar reached multi-month highs against peers, after minutes from the U.S. central bank’s last meeting showed the increasing prospect of reduced monetary stimulus this year.