Month: September 2020

A selling rush has push the price below its 200 hour moving average and now below the lows from yesterday and earlier today The USDCHF is pushing sharply to the downside. The pair has cracked below its 200 hour moving average at 0.92086, and the 38.2% retracement at 0.9202 and the low from earlier today and yesterday at 0.91899 and tests the
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The third and final cut for the 2Q GDP The final US 2Q GDP came in slightly better than expected at -31.4% vs. -31.7% estimate prior estimate came in at -31.7% US exports -64.4% vs. -63.2% previous imports -54.1% vs. previous -54.0% business inventories change cuts 3.5 percentage points from GDP with a $-287 billion vs.
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New Delhi: Gold prices declined marginally by Rs 26 to Rs 51,372 per 10 gram in the national capital on Wednesday amid weak global prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 51,398 per 10 gram. Silver prices also declined Rs 201 to Rs
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A protester blocks the street leading to the Washington, D.C., home of U.S. Senate Majority Leader Mitch McConnell, R-Ky., demanding the extension of unemployment aid, on July 22, 2020. Jonathan Ernst | Reuters Stimulus checks and enhanced unemployment benefits that helped the poorest Americans weather the coronavirus pandemic are in danger of ending, throwing the
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China’s manufacturing activity stalled its rapid expansion in September, as the economy recovered further from the fallout of the COVID-19 pandemic. China’s Caixin Manufacturing PMI to 53.0 in September vs. 53.1 expected and 53.1 booked in August.                                                      In August, the gauge hit a high unseen since the start of 2011 and remaining in expansionary
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http://www.tradingmastermind.com In Forex trading developing and implementing a winning Forex trading system is not about seeing a mechanical trading strategy contrary to popular belief. It is natural that traders tend to look for mechanical trading systems or automated trading systems/forex trading robots to solve the problem. But financial markets are more organic and they move
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New Zealand ANZ business survey for September Business Confidence -28.5  preliminary was -26.0 vs. prior -41.8 Activity Outlook -5.4 preliminary was -9.9 vs. prior -17.5 ANZ comments (main points) Activity indicators in the ANZ Business Outlook survey lifted a little further from their early-September preliminary reads.  Headline business confidence, at -28.5%, was a smidgen lower
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LONDON: Bankruptcies in Asian commodities markets this year prompted banks to review some lending policies with trading houses, who nevertheless still enjoy abundant liquidity, several banking executives said on Tuesday. The executives told the annual FT Commodities Global Summit that while some banks were reducing exposure to commodities following bankruptcies and extreme volatility as a
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Dollar drops broadly today, partly due to month-end flows, and partly as position adjustment ahead of the first one-on-one Presidential debate between Donald Trump and Joe Biden. Nevertheless, Yen and Canadian Dollar are slightly weaker. On the other hand, Aussie and Kiwi are picking up some steam for a strong rebound. Trading in the stock
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People wearing facemasks wait to buy vegetables at a market vegetable stall as essential retailers reopen from the coronavirus (Covid-19) shutdown. SOPA Images | LightRocket | Getty Images Smaller-sized businesses have been battered during the six months of the coronavirus pandemic but are feeling confident about their ability to withstand a second wave, according to
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The crypto space’s decentralized finance niche has reached frenzied status within the crypto industry, signaled by exuberant price highs and rampant speculation. “DeFi is the new overhyped concept in Ethereum,” MyEtherWallet, or MEW, CEO and founder Kosala Hemachandra told Cointelegraph in an interview. “The noise is too much, so everyone is just like running around trying
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