Month: July 2021

To guide market participants in assessing the performance of soy and gaur complex, the National Commodity and Derivatives Exchange (NCDEX) has decided to launch India’s first two sectoral indices in the agri-commodities space – GAUREX and SOYDEX. The methodology document for both the indices is currently available on the exchange’s website. Trading of these index
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I AGREE. Trading platforms are pretty intimidating, especially for beginners. You should see the looks on people’s faces when they see my screen in Starbucks. One of my favorite platforms is thinkorswim with TD Ameritrade. In this series, I will be explain the basics of using the thinkorswim platform to trade forex, futures, and options.
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In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) reference rate at 6.4763 vs the previous fix at 6.4650 and the estimated 6.4749. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not as
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Bitcoin’s (BTC) recovery is facing stiff resistance near the $35,000 mark but Bloomberg Intelligence senior commodity strategist Mike McGlone remains bullish. In his latest analysis, McGlone said that the probability of Bitcoin hitting $60,000 is greater than the price dropping to $20,000. Institutional investors seem to be using the weakness in Bitcoin to build their
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200 day MA just also in play above The USDCAD is up retesting its 200 hour moving average at 1.2602. Key technical level for both buyers and sellers. Looking at the hourly chart, the price moved below that moving average on Wednesday, and retested it yesterday on two separate occasions. Each test found sellers near the level.  The price is
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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
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What you need to know on Monday, July 26:  The dollar retained its strength heading into the weekly close but was unable to extend gains. Appetite for high-yielding assets dented demand for the greenback, while US indexes closed at all-time highs. Government bond yields maintained the positive tone, and settled near the upper end of
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In this article BIIB Aduhelm by Biogen Source: Biogen Biogen‘s Alzheimer’s drug, Adhulem, generated $2 million in revenue in the first few weeks of its approval, the company said Thursday in releasing its second-quarter earnings along with an open letter about the controversial drug. Biogen upped its revenue guidance for the year, saying it now
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