Month: December 2020

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
0 Comments
Cottonseed oil cake prices on Friday declined by Rs 4 to Rs 2,048 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices. On the National Commodity and
0 Comments
USD/CHF wavers around the lowest since January 2015. Nearly overbought RSI conditions suggest pullback inside bearish chart pattern. May 2014 low can lure the bears during further downside. Following its drop to the fresh multi-month low of 0.8851, USD/CHF seesaws near 0.8855, down 0.15% intraday, ahead of Friday’s European session. In doing so, the quote
0 Comments
Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its general investment account. According to a report from The Wall Street Journal, the company purchased the coins — purportedly 5,470 Bitcoin (BTC) given the current price of $18,279 — through New York-based fund management company NYDIG. MassMutual also reportedly
0 Comments
AUD/USD continues to push higher during American trading hours. Renewed hopes for a US stimulus deal is boosting market sentiment. US Dollar Index stays in negative territory below 91.00. The AUD/USD pair extended its daily rally during the American trading hours and touched its highest level since June 2018 at 0.7528. As of writing, the
0 Comments