The Daily Report & News

Economic World News :

The US dollar rose against other major currencies today, but the increase was not significant because all traders are waiting for indications and signals on the Federal Reserve’s policy normalization from the monthly payrolls report.

The dollar has gained 0.26 % against the yen, reaching 111.91, its highest level this month, while the euro has held around the $1.1550 region after falling to a 14-month low of $1.1529 yesterday.

The US Dollar index, which measures the US currency against six other major currencies, has risen % to 94.278, closing in on last week’s one-year high of 94.504.

The gold price declined On Thursday,  after failing to achieve acceptance above the recent range highs of $1770. The persistent rise in US Treasury yields as a result of the Fed’s expectations and the risk-on market atmosphere decreased gold’s appeal. Although the gold price remained protected just over $1750, aided by a small decline in the US dollar across the board. Markets repositioned themselves ahead of this week’s primary event risk, US Nonfarm Payrolls (NFP), especially given the dollar’s recent climb to ten-month highs.

Thinking forwards, gold’s future value appears limited as US Treasury yields continue to rise on the Fed’s tapering, which is almost considered as a done deal ahead of Friday’s all-important NFP announcement. The benchmark 10-year yields have reached their highest level since June, putting pressure on the non-interest-bearing gold price.

Cryptocurrency News :

The balance held by Ethereum miners is the highest it has been since the network’s inception five years ago. When converted into USD, it has reached an all-time high of $1.85 billion.

Miners typically sell the asset on a regular basis to offset expenses such as electricity and hardware charges. A hesitation to sell indicates that miners may be waiting for more price hikes.

The Ethereum hash rate, which is generally considered as a reflection of network health and security, plummeted during the Chinese miner exodus, falling to 477 TH/s in late June, but has since fully recovered and risen to new peaks. It has now increased by 150 percent since the beginning of the year.


Bitcoin’s price remained bullish above the $52,000 resistance level. BTC has even broken above the $55,000 barrier level and is now trading above the 100 hourly simple moving average.

However, the price did not continue to rise above the $55,700 level. Before the negative reversal, a high was formed near $55,770 then the price fell below the $55,200 support level. The price even went below the 23.6 percent Fib retracement level of the rising wave from the swing low of $50,365 to the high of $55,777.

On the hourly chart of the BTC/USD pair, there was also a breach below a significant bullish trend line with support near $53,100. On the downside, there is immediate support near the $53,500 level.


Important news that could affect the Economic Markets Today :
  • Nonfarm Payrolls Private(SEP) in the USA
  • Average Hourly Earnings MoM(SEP) in the USA
  • Wholesale Inventories MoM(AUG) in the USA
  • Full-Time Employment Chg(SEP) in Canada
  • BoE Quarterly Bulletin in the United Kingdom

At vero eos et accusamus et iusto odio digni goikussimos ducimus qui to bonfo blanditiis praese. Ntium voluum deleniti atque.

Melbourne, Australia
(Sat - Thursday)
(10am - 05 pm)
Choose Theme Styling Submit a Ticket Purchase Theme

Pre-Built Demos Collection

Consultio comes with a beautiful collection of modern, easily importable, and highly customizable demo layouts. Any of which can be installed via one click.

Home Finance
View Demo
Home Business
View Demo
Home Law
View Demo
Home Startup
View Demo
Home IT Solution
View Demo
Open chat