Selloff in Pound catches most currency related headlines today, as it slumped to a 37-year low against Dollar. The decline came after data showed retail sales contracted in both volume and value term in August, indicating that inflation was already biting into spending. In the background, the UK economic is already in recession. Still for
Month: September 2022
The stronger than expected consumer inflation data from the US basically sealed the case for a 75bps hike by Fed next. Dollar ended as the strongest one last week, as supported by risk aversion too. But the greenback could only close above prior week’s high against Canadian and New Zealand Dollar, suggesting that momentum was
In this article WFC Huntstock | Disabilityimages | Getty Images Turbulent times may be ahead for Hispanic workers, a new report from Wells Fargo found. The firm expects Latino workers to take an outsized hit if a mild recession happens in 2023, like it is projecting. “The Hispanic unemployment rate tends to rise disproportionately higher
AUDUSD falls to lower extreme area The Australian jobs report released in the new trading day in Australia (at 9:30 PM ET) showed a 33.5K increase vs estimates of 35K. The unemployment rate ticked up to 3.5% from 3.4% which is still near/at historic low levels. The AUDUSD did move higher soon after the report,
A ‘not awful’ read on King Dollar from Goldman Sachs – And even if you are of the ‘always do the opposite to GS’ persuasion, you at least have to know what it is they are doing!! Full Article Summary: The U.S. dollar is on a roll. Even as the American economy shows signs of
In an Independence Day live streaming event on Sept. 15, El Salvador President Nayib Bukele announced his bid for reelection after his current term ends in 2024. Bukele’s announcement comes even though past presidents in El Salvador were prohibited by law from having consecutive terms in office. The president highlighted that: “Developed countries have reelection,
NEW DELHI: Gold prices continued to bleed on Friday tracking the trend in global markets. Prospects of aggressive rate hikes by the US Federal Reserve lifted bond yields and took the shine off bullion. Markets are pricing in a 75-basis-point rate hike by the US central bank. Gold futures on were trading lower by 0.18
Overall, Dollar remains the strongest one for the week, followed by Swiss Franc and then Yen. Risk aversion support these currencies, on the expectation of another jumbo rate hike by Fed next week. Commodity currencies are the worst performers with Kiwi having an underhand. Euro and Sterling are mixed for now, with Euro having a
The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has already raised interest rates four times this year and is widely expected to hike them by 75 basis points next week in
Silver drifts lower for the second straight day and drops to a fresh weekly low. Break below 50 DMA and the $19.00 mark supports prospects for further losses. A breakout through a descending trend-line is needed to negate the negative bias. Silver remains under some selling pressure for the second straight day on Friday and
🔴 FREE DOWNLOAD TRADING SYSTEM: https://traderversity.com/forex-and-stocks-zero-lagging-moving-average-price-action-trading-approach.html Best Forex & Stocks Trading Strategy with Dolly-Graphics System https://traderversity.com/vsd-heiken-ashi-h1-time-frame-trading-system.html https://forexwot.com/fantastic-swing-trading-forex-trend-turtle-channel-system-lead-to-big-profits.html
This video shows what I would do if I had to start day trading from scratch. Becoming a new trader can be tough, so this information will help your trading out tremendously. ……………………………………………………………………………………………………… Training program: https://tradewinprofit.podia.com/academy ……………………………………………………………………………………………………… Telegram group (free): https://t.me/realdaytradingaddict ……………………………………………………………………………………………………….. INSTAGRAM: https://www.instagram.com/daytradingaddict/ EMAIL: bigben1187@gmail.com ……………………………………………………………………………………………………….. Disclaimer: The information contained in this presentation is
EURUSD consoldates and awaits the next shove The EURUSD is mired in at 62 pip trading range for the day. The high extended to 1.0017. The low reached 0.99551. On the topside, the high stalled ahead of the low of a swing area (see red numbered circles) betweeen 1.00226 and 1.00328. On the downside, the
In this article FDX Getty Images FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments. “Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.,” CEO Raj Subramaniam said in the release. “While this
The US had a data dump today with Retail sales being the highlight. After all the dust settled with that report with the various breakdowns and revisions which were fairly impactful (headline was -0.4% from +0.0% initially reported and core revision to 0.0% from +0.4%. The control group this month came in flat vs 0.5%
Gold prices inched lower on Thursday, as a firmer dollar and expectations of big interest rate hikes from the U.S. Federal Reserve diminished the metal’s appeal. FUNDAMENTALS Spot gold fell 0.1% to $1,693.81 per ounce, as of 0110 GMT. U.S. gold futures were down 0.3% at $1,704.4. The dollar index edged 0.1% higher towards recent
Dollar is staying largely in range after mixed retail sales data from the US. Today’s focus turns to selloff in Sterling, in particular against Swiss Franc and Euro. Yen weakens mildly after yesterday’s rebound quickly lost momentum. Commodity currencies are trading on the soft side. In other markets, major European indexes are mixed while US
Retail sales numbers were better than expected in August as price increases across a multitude of sectors offset a considerable drop in gas station receipts, the Census Bureau reported Thursday. Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for
- « Previous Page
- 1
- …
- 9
- 10
- 11
- 12
- 13
- …
- 22
- Next Page »