The US’ law banning imports from Xinjiang would “severely” damage ties and escalate a dispute between the nations over human rights, China’s Foreign Ministry spokesman Zhao Lijian warned late Thursday. Key quotes “If the act is implemented, it will severely disrupt normal cooperation between China and the US, and global industrial and production chains.” “The
Month: June 2022
NZDUSD moves up to test the swing highs from May The NZDUSD has moved to the upside and in the process is retesting the swing high from Tuesday’s trade and the swing high going back to May 5. Those levels are at 0.6563 up to 0.65677. The move to the upside has been strong. After
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 your initial investment; do not
Yen’s selloff continued overnight together with strong rebound in US 10-year yield. The Japanese currency remains pressured in Asian session and remains vulnerable. At the same time, Euro and Sterling are also weakening notably. Dollar is rebounding, but for now, Canadian and Australian are still the strongest one for the week. There is prospect for
In this article LULU Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon on Thursday reported fiscal-first quarter profit and revenue outpacing Wall Street’s expectations, boosted by growth online and in the retailer’s men’s division. The athletic apparel retailer also raised its
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SEMINAR REGISTRATION – CLICK HERE – http://www.itpm.com/seminars/ TRADER MENTORING PROGRAMS – CLICK HERE – https://www.itpm.com/trader-mentoring/ ONLINE EDUCATION – CLICK HERE -http://www.itpm.com/education/ In April 2018 Managing Partner of the Institute of Trading and Portfolio Management Anton Kreil interviewed Senior Trading Mentor Anthony Iser in London on his career in the financial markets and his experiences teaching
It’s widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins. When BTC price is down, altcoins tend to follow, but as a bottoming process begins, altcoins tend to perk up during Bitcoin’s consolidation
Gold in the national capital on Thursday jumped Rs 434 to Rs 50,887 per 10 grams, supported by rally in the yellow metal prices in the international markets along with rupee depreciation, according to securities. In the previous trade, the precious metal finished at Rs 50,453 per 10 grams. Silver also rallied by Rs 918
Bank of Canada (BoC) Deputy Governor Paul Beaudry on Thursday said that the BoC sees an increasing likelihood that it may need to raise its policy rate to 3% or higher, reported Reuters. Additional Remarks: The risk is now greater that inflation expectations could de-anchor and high inflation could become entrenched. In deliberations ahead of
GBPUSD finds sellers against its 200 hour moving average Although the UK is on May Bank holiday and Jubilee holiday today and tomorrow, the GBP is the currencies. Looking at the GBPUSD, it is a similar pattern to the EURUSD. Yesterday, the price traded above and below its 200 hour moving average after holding support
The major US indices are opening marginally lower in early US trading. The Dow industrial average is near unchanged. The S&P is down about -1.16%. Shares were trading higher in premarket trading until Microsoft announced that they were adjusting their earnings as result of foreign-exchange. With Microsoft being a large cap stock with a corresponding
Dollar weakens mildly further after worse than expected ADP job data. But selloff is limited as traders are probably cautious ahead of tomorrow’s non-farm payrolls. But overall, Yen remains the worst performing one for the week. Sterling and Euro are the next weakest even though both are trying to recover some ground. Australian Dollar is
Oil prices fell by around $3 a barrel in early Asian trade on Thursday as investors cashed in on a recent rally with a key producers meeting later in the day set to pave the way for expected output increases. Brent crude was down $2.76, or 2.4%, at $113.53 a barrel at 0024 GMT, having
AUD/USD remains pressured despite the firmer Aussie trade numbers. Australia’s trade surplus grew in April, Exports and Imports also improved. Risk-aversion seems to weigh on the pair amid fears of inflation, growth. US ADP Employment Change, Factory Orders eyed for intermediate clues ahead of Friday’s NFP. AUD/USD stays depressed around 0.7170, fading the bounce off
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