The Federal Reserve announced Wednesday it soon will begin reducing the pace of its monthly bond purchases, the first step towards pulling back on the massive amount of help it had been providing markets and the economy. Tapering of bond purchases will start “later this month,” the policymaking Federal Open Market Committee said in its
Month: November 2021
In this article ROKU Roku shares dropped in after-hours trading Wednesday after the company reported a third-quarter revenue that missed expectations. The company’s revenue came in at $680 million, just below a Refinitiv forecast of $683.4 million. That’s still up 51% from a year earlier. Roku’s earnings per share of 48 cents, however, topped expectations
http://wallet10.fxtrendy.hop.clickbank.net Forex trading System – Forex trading guide. Forex Software Never Seen Before! This Smart And Easy To Use Software Is Helping Forex Traders To Increase Their Profitability With Any System Forex Trendy is a software solution to avoid trading during uncertain market periods. Instead, pick the best trending pair at the current time. It
This Simple Forex Trading Strategy is perfect for beginners, let me tell you why! Want more ways to win? Subscribe: https://bit.ly/FRNsubscribe My free signals: https://bit.ly/FRNfreesignals I love this Fibonacci and RSI based strategy for easy entries, and pulling profits out of retracements in trending markets. Learn how overbought and oversold levels can give you key
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks added +0.63 mmb to 1233.92 mmb in the week ended October 29. Crude oil inventory rose +3.29 mmb to 434.1 mmb, compared with consensus of a +2.23 mmb increase. Inventory increased in 4 out of
USD/CHF seesaws around the 0.9100-0.9130 range as Fed’s Powell speaks. The USD/CHF is finding strong support at 0.9100, as the pair has jumped off that level three times. Fed’s Powell acknowledged that inflation is running well above the 2% goal. The USD/CHF slides during the New York session, down 0.30%, trades around 0.9117 at the
The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs. According to a report by South China Morning News on Nov.3, the 2018 regulations limited transactions of cryptocurrencies via funds or trading platforms to professional investors with at least HK$8
UK’s FTSE 100/Spain’s Ibex are lower The major European indices are ending the session with mixed results. The provisional closes are showing: German DAX, flat France’s CAC, +0.4% UK’s FTSE 100 -0.4% Spain’s Ibex, -1.0% Italy’s FTSE MIB +0.5% In other markets, as London/European traders look to exit shows: Spot gold is trading down $24.65 or
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
New Delhi: Gold price in the national capital on Wednesday tumbled by Rs 375 to Rs 46,411 per 10 grams amid a decline in the international prices of precious metals as well as rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,786 per 10 gram. Silver
A company advertises a help wanted sign on April 09, 2021 in Pawtucket, Rhode Island. Spencer Platt | Getty Images Private sector job creation popped higher in October thanks to a burst in hiring in the hospitality sector, payroll processing firm ADP reported Wednesday. Companies added 571,000 for the month, beating the 395,000 Dow Jones
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images CVS Health on Wednesday beat expectations for fiscal third-quarter earnings as the company got a boost from filling more prescriptions and giving more Covid-19 vaccines. Despite
Overall markets are quite mixed for now. While US indexes surged to new record highs overnight, positive sentiment was not carried forward to Asia. Major pairs and crosses are also stuck in range. It seems that traders and investors have turned into cautious mode, awaiting Fed’s tapering decision. For now, Euro and Swiss Franc are
AUD/USD has at last failed at the 200-day moving average (DMA) at 0.7550. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the aussie to decline as low as 0.7171. Above the 200-DMA lies the seven-month resistance line at 0.7605 “AUD/USD has finally failed at the 200-DMA at 0.7555, intraday Elliott wave counts
U.S. tech giant Microsoft is taking the plunge into the Metaverse via updates to its Teams and Xbox gaming console services, along with a new product called “Dynamics 365 Connected Spaces.” Microsoft CEO Satya Nadella announced the firm’s Metaverse plans for Teams and Spaces on Nov. 2 during the Microsoft Ignite conference. “The Metaverse enables
Russell 2000 sets the first intraday high since March A quadruple record close for the major indices. In addition to the Dow S&P and NASDAQ posting a record closes, the Russell 2000 index also joined the party with its own new all-time high. NASDAQ recorded its fourth straight record close Dow industrial average closed at a record
The FOMC meeting is the key focus in the day ahead As such, one can expect quieter tones to prevail in the run up to that and in the European morning session ahead. As for what to expect from the Fed, I outlined some thoughts earlier in the week as per below: I believe this
Gold prices inched lower on Wednesday as investors awaited the result of a U.S. Federal Reserve policy meeting to assess how the central bank plans to combat rising inflation and ease worries about economic recovery. FUNDAMENTALS * Spot gold fell 0.2% to $1,784.04 per ounce by 0138 GMT. U.S. gold futures dropped 0.2% to $1,785.30.