The US stocks opened higher, traded negative, recovered back into positive terrritory and is now back in the red. The declines are led by the Dow 30 with Salesforce, Caterpillar and Chevron moving lower the worst performers Crowdstrike which reported better than expected results after the close last night are nevertheless down -5.26% highlighting the
Month: August 2022
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
As the crypto winter shows signs of slowing, companies are rushing to become compliant after a string of bankruptcies within the space. Regulatory compliance is critical to improving crypto’s reputation among investors. It is also essential for mitigating liquidity risks, an issue that caused crypto giants Voyager Digital and Celsius to file for bankruptcy. Last
West Texas Intermediate fell as much as $4.09 a barrel from high to low on Wednesday, putting it on course for a monthly decline of about 10%. Europe is gripped by an energy crisis that may herald a recession while in Asia, growth has slowed in China, the top world’s oil importer. “Consumption of crude
Euro is extending near term rally against Swiss Franc and Sterling after even higher than expected record inflation. But it’s struggling to gain against most other currencies. Dollar is also sluggish after ADP employment disappointment, while Yen’s is recovering. Commodity currencies are mixed for now. It seems like traders would continue to hold their bets
A hiring sign is seen in a cafe as the U.S. Labor Department released its July employment report, in Manhattan, New York City, August 5, 2022. Andrew Kelly | Reuters Companies sharply slowed the pace of hiring in August amid growing fears of an economic slowdown, according to payroll processing company ADP. Private payrolls grew
The logo of Swedish payment provider Klarna. Thomas Trutschel | Photothek | Getty Images Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to a deluge of negative news for the “buy now, pay later” pioneer. The Swedish payments firm generated revenues of 9.1 billion Swedish krona ($950 million) in
How low can the pound go? The GBP/USD pair could dive as low as 1.10, in the opinion of economists at Scotiabank. GBP will not react well to renewed equity market weakness “Beyond the stagflation risk, the GBP will not react well to renewed equity market weakness as central banks persist with interest rate increases
AUDUSD tumbles lower The AUDUSD started the New York session as one of the strongest of the major currencies. At the highs the pair tested the 38.2% at 0.69537, but found sellers. The bullish fortunes reversed with the price moving back below the 100 and 200 hour MA (blue and green lines) That increased the
In case you’re wondering what the situation is like in China, things haven’t drastically changed as the country is still sticking with its ‘dynamic COVID zero’ policy. The city of Guangzhou is the latest to step up restrictions today after five locally transmitted cases were reported, with local authorities ordering certain areas in one district
Australians may not ever see their nonfungible tokens (NFTs) take them “to the moon,” but they might be able to get to the next best place — the edge of space. Crypto Competitions, an Australia-based Web3 sweepstakes startup, has recently signed a partnership with stratospheric exploration company World View, offering its NFT holders a 1-in-7,000
Gold languished near a one-month low on Wednesday and was set for a fifth consecutive monthly drop, as solid U.S. data and hawkish Federal Reserve comments pointing to higher interest rates dented the non-yielding metal’s appeal. FUNDAMENTALS * Spot gold was flat at $1,723.28 per ounce, as of 0109 GMT, trading close to a one-month
Euro is staying as the strongest one for the week, as supported by a chorus of ECB hawks. Markets are starting to price in a 75bps rate hike by ECB next week. For now, the strength in Euro is most apparently only against Sterling, Swiss Franc and Yen. It’s kept well in range against Dollar.
NZD/USD stays defensive around 1.5-month low, pares recent losses. China flashed upbeat prints of NBS Manufacturing PMI, Non-Manufacturing PMI for August; New Zealand’s ANZ sentiment numbers also improved. Market sentiment dwindles amid recession fears, hawkish Fed bets. US ADP Employment Change can direct intraday moves; NFP is the key. NZD/USD prints mild gains as it
👉 Get our scanner for a discount with code YTVIP: https://a1trading.com/a1-edgefinder-get-access-to-forex-data-now/ 📈 Join VIP for a discount with code YTVIP here: https://a1trading.com/vip/ 👉 Questions? Message us here: https://t.me/drew_a1trading/ 🏦 Need a better broker? IconFX – http://client.iconfx.com/register?ibid=2565 👉 Axi | Up to a 30% deposit bonus! https://record.axiaffiliates.com/_5M4z0V03cZ2U9J4xpxpxGmNd7ZgqdRLk/3 HugosWay | Accepts worldwide clients! – https://hugosway.com/?refid=10233 Discord: https://discord.com/invite/qsmfjRq
> Technical Analysis > What are the technicals that are driving the FX markets heading into the new trading day? Technical Analysis A technical look at the major currencies vs the USD for the Asia Pacific traders The EURUSD is trading above its 100/200 hour moving averages which is bullish, but remains below its 38.2%
The major US stock indices are closing lower for the 3rd consecutive day. Declines in the indices are marginally above and below 1% . All 11 sectors of the S&P index fell. Only American Express and J.P. Morgan close higher in the Dow 30. The S&P index closed back below the $4000 level for the
Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent in the OPEC nation’s crude exports. Brent crude futures for October settlement were down
- 1
- 2
- 3
- …
- 26
- Next Page »