Gold tests the floor. Key level going forward The price of gold on the daily chart moved toward lows on the daily from March 2021 and August 21, 2021 and again in July this year. The lows came in between $1676.91 to $1681.95. Today, the low reached to $1688.91, within $7 of the high of
Month: September 2022
The August US jobs report is due Friday at 8:30 am ET. It’s a clear case of where ‘bad news is good news’ as the market wants to see some cooling in hiring so the Fed can slow rate hikes. In addition, there will be a very close watch on wage data. Consensus estimate +300K
Oil prices tumbled by 2% on Thursday, as new COVID-19 lockdown measures in China added to worries that high inflation and interest rate hikes are denting fuel demand. Brent crude futures fell $1.95, or 2%, to $93.69 a barrel by 1341 GMT. U.S. West Texas Intermediate (WTI) crude futures slid $1.98, or 2.2%, to $87.57
Dollar’s rally continues in early US session as supported by risk aversion and rising yields. On the other hand, Euro is staying to digest this week’s gain, and broadly. As for today, Canadian Dollar is currently the second strongest, following the greenback. Aussie and Kiwi follow. Sterling and Yen are the next weakest following Euro.
Initial filings for unemployment insurance fell to their lowest level since late June last week, a sign that the labor market is resilient amid a slowing economy. Claims totaled a seasonally adjusted 232,000 for the week ended Aug. 27, a decline of 5,000 from the previous period and the lowest since June 25, the Labor
The US Bureau of Labor Statistics (BLS) will release the August jobs report on Friday, September 2 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of eight major banks regarding the upcoming employment data. Expectations are for a 300K rise in Nonfarm
On this episode of What’s On Your Mind? #WOYM – ITPM Mentors Edward Shek & Anthony Iser have a laid back discussion on what they think matters right now in the financial markets when making trading and portfolio management decisions. Subscribe below to get notifications for future episodes. We will be releasing new episodes every
USD/JPY retraced in July and looked to be retracing further earlier this month but a strong push higher at the end of the month pushed it back to the top of the range. That’s a bullish sign going forward and highlights how the Fed has successfully built a case for higher rates for longer. Technically,
Despite the better revision, this is still the weakest reading since May 2020 as output, new business and new export orders contract sharply. Job growth is also slowly grinding towards a standstill in the sector, posting its weakest performance in 20 months. Recession much? S&P Global notes that: “August saw the UK manufacturing sector suffer
The music industry has been a major adopter of Web3 integration, with use cases ranging from song rights, blockchain-based streaming and new forms of digital releases. Genres like pop, EDM and hip hop have represented nonfungible tokens (NFTs) in the music industry so far. However, classical music, and specifically opera, just found its entrance. Living
NEW DELHI: Gold prices tanked sharply on Thursday, weighed down by a firm dollar and rising bond yield. The prospects of the US Federal Reserve continuing with its aggressive policy tightening stance dented the zero-yielding bullion’s appeal. Gold futures on were trading lower as they dropped 0.41 per cent or Rs 206 at Rs 50,208
Dollar is back in control in Asian session, with some help from risk averse sentiment. Euro is staying firm against Sterling and Swiss Franc, and is picking up upside momentum against commodity currencies. In particular, Aussie is sold off on poor manufacturing data from both Australia and China. Yen is also weak along with renewed
Russia’s Gazprom saw its shares surge on Wednesday after reporting bumper first-half profits and announcing a new dividend to shareholders. Stoyan Vassev | Press service of Gazprom Neft | via Reuters Russian gas giant Gazprom posted a record first-half profit and promised new dividends to shareholders, sending its shares soaring more than 27% in early
China’s state media quoted the cabinet meeting as saying that Beijing will publish detailed steps for a set of newly-announced policy measures in early September. Key takeaways China will guide commercial banks to provide medium- and long-term loans for key projects and equipment upgrading. To prop up the weak property market, China will also support
I will show you the best scalping strategy on any time frames . It’s consistent on any markets or assets scalp . Scalping is hard and most traders failed because of emotions or reading the chart wrong . With alpha Algo indicator , scalp or swing trade will yield greater results. —-please help us by
Most profitable New Supertrend strategy. Earn 120% profit in every trade with this strategy. I tested these strategies 100 times, the win rate was very high and it gives us 120% profit in each trade. It emits the best signal in each time frame. In 1 minute time, the signals are accurate. 1 min scalping