Aussie and Kiwi firm up mildly in Asian session, following the rebound in risk markets. But overall, the currency markets are rather quiet, with major pairs and crosses stuck inside last week’s range. Traders are probably holding their bets for now, and await today’s BoE rate decision. Another big event of US non-farm payroll employment
Month: August 2022
In this article YUM National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 2021 in Washington, DC. Chip Somodevilla | Getty Images In an earnings call Wednesday morning, Yum Brands CEO
In this article ABNB Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Airbnb beat Wall Street estimates for earnings and posted revenue that was in line with estimates for the second quarter. The company also announced a $2 billion share buyback program. Shares were down about 9% after hours, despite what appeared to
The GBP/JPY prepares to finish the week with losses of almost 0.50%. The cross-currency daily and hourly charts suggest that a mean reversion move towards 162.83 could be on the cards. The GBP/JPY plummeted on Thursday, failing to crack the 50-day EMA at 164.12, so the pair tumbled towards its daily low at 161.12 before
Major crypto exchange Binance has partnered with Mastercard to launch a prepaid card for the residents of Argentina. In a Thursday announcement, Binance said the card will allow its clients in Argentina to use Bitcoin (BTC), BNB and other cryptocurrencies to make purchases as well as ATM withdrawals in fiat wherever Mastercard is accepted — roughly
In this video, I break down supply & demand zones, and how I use them in my trading Supply and demand zones are concepts that are used by many traders, and its a great way to frame a setup. Ultimately, supply demand levels are prior areas of consolidation, which have a strong move away. Supply
I have made a lot of beginner mistakes when I first started out trading so this is just one of them. A lot of beginner traders don’t appreciate risk management until they have blown their accounts. This applies to those who are trading stocks, forex, commodities, crypto and even options. Beginner traders often need to
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The strongest to weakest of the major currencies The NZD is the strongest and the GBP is the weakest as the North American session begins. The USD is mixed with modest gains and losses verse the EUR, JPY, CHF and CAD, and a bigger gain vs the GBP and bigger declines vs the AUD and
Cleveland Fed Pres. Loretta Mester Cleveland Fed Pres. Loretta Mester speaking and says: We’re are not in recession right now Recession risks have gone up though There is still path to soft landing We have to take supply constraints as a given as they are likely to remain for some time I don’t use yield
Gold in the national capital on Thursday gained Rs 487 to Rs 52,566 per 10 grams amid a rise in international precious metal prices along with rupee depreciation, according to Securities. The yellow metal had closed at Rs 52,079 per 10 grams in the previous trade. Silver also rose by Rs 426 to Rs 58,806
Sterling falls broadly today after BoE hikes by 50bps but indicates that a prolonged recession will start in the UK in Q4. But the selloff in the Pound is not helping Euro and Swiss Franc much, as both are mixed. Dollar and Canadian are following Sterling as next weakest. Meanwhile, Yen is leading Aussie and
A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the U.S. labor market. The total for the week ended July 30 was
In this article SBUX An employee hands a bag to a customer at the drive-thru of a Starbucks coffee shop in Hercules, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, fueled by demand in the U.S. for its cold coffee
NYSE:GME gained 5.83% during Wednesday’s trading session. AMTD Digital stock tumbles by more than 35% during intraday trading. AMC jumps higher again as short sellers feel pressure ahead of earnings. NYSE:GME extended its winning streak to six straight sessions on the strength of a broader market rally and a resurgence of meme stock hysteria. Stocks
EURGBP test its 100 hour moving average The EURGBP has seen up and down price action today within a fairly narrow trading range. The low price stalled near the lows from last Wednesday and again yesterday between 0.8339 at 0.8345. At the high, the price has stalled against its falling 100 hour moving average at
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
Gold prices edged higher on Thursday, buoyed by a pullback in the dollar and U.S. Treasury yields, while investors awaited the U.S. non-farm payrolls report later this week that could offer more cues on the Federal Reserve’s rate hike plans. FUNDAMENTALS * Spot gold was up 0.2% at $1,767.97 per ounce, as of 0123 GMT.