NEW YORK: Oil prices edged lower on Friday as investors feared demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories. This week, two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil
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Markets are relatively steady in Asia today. Sentiment was somewhat weighed down by mixed data from China, but there is no apparently follow through selling. New Zealand Dollar continues to be pressured as the country extends coronavirus lockdown by 12 days. Australian Dollar seems to be benefiting from the selloff in Kiwi and it’s trading
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The Bank’s “Holy Grail” Forex Trading Strategy EXPLAINED (THE Best Forex Strategy 2020) What’s the best Forex trading strategy in 2020? Is there such thing as a “Holy Grail” Forex strategy? In less than 12 minutes, Adam explains the Bank’s simple forex trading strategy. This contra-crowd method may be the easiest forex strategy there is.
Grayscale Investments had its best fundraising week in history following an ad blitz on a number of major television networks. According to the company’s CEO Barry Silbert, Grayscale netted $217 million in investments in the days following the campaign. The firm’s Bitcoin Trust Fund was the biggest contributor to the success, adding 14,422.01411512 Bitcoin (BTC)
Up and down trading today The USDCHF this week has been trading up and down. On Monday, the USDCHF moved higher and moved down and up on Tuesday. On Wednesday, the price moved to the high for the week at 0.91972 but tumbled lower and traded to new week lows on the same day. Thursday
On Friday, key economic data was released in China. Economic activity indicators of July including industrial production, fixed asset investment and retail sales all pointed that growth recovery extended in the second half of the year, noted analysts at BBVA. However, they warn the demand side still lagged behind the supply side. Key Quotes: “Economic
Rising daily tally in the UK Cases up 570 compared to a week ago Deaths 11 vs 18 a day ago The UK is getting some attention today for requiring 14-day quarantines for visits to France. The takeaway is that people may spend more money at home. However if cases continue to rise, they may
NEW DELHI: Gold prices jumped Rs 730 to Rs 53,691 per 10 grams in the national capital on Friday amid the rupee depreciation, according to HDFC Securities. In the previous trade, gold had closed at Rs 52,961 per 10 grams. Silver also gained Rs 1,520 to Rs 70,500 per kg, from Rs 68,980 per kg
Trading in in the currency markets continue to be relatively subdued. Sterling is so far the strongest one for today. But it’s staying below near term resistance against Euro and Dollar so far. It’s also hovering below yesterday’s high against Yen. Yen appears to be recovery, in particular against Dollar. But any extension in treasury
Professional services firm KPMG has published a report predicting that blockchain will be one of five emerging technology sectors to see increased investment from enterprises over the next 12 months. Titled Enterprise Reboot, the report was compiled by KPMG International and HFS Research. It draws on a survey of 900 executives from organisations on the
Dow lagged all day The S&P and NASDAQ both make bonds at all time highs (and all time high closes) but gave up just ahead of the levels and are closing mixed. The the NASDAQ was the only index to hold onto gains today. The Dow industrial average lagged the broader indices all day. The NASDAQ is well off its highs but still
The number of confirmed coronavirus cases rose to 221,413 with a total of 9,225 deaths, as reported by the German disease and epidemic control center, Robert Koch Institute (RKI), on Friday. Cases increased by 1,449 in Germany on Friday versus Thursday’s +1,445. The death count rose by 14, the tally showed. The total active cases
The foreword to Michael Cohen’s book on Trump is available here, its an interesting read. A post for once the markets are closed for the weekend. Cohen pulls no punches: I bore witness to the real man, in strip clubs, shady business meetings, and in the unguarded moments when he revealed who he really was:
NEW DELHI: Gold and silver prices witnessed dramatic swings this week, thanks to huge demand followed by a bout of profit booking, and this has kept bullion traders on their toes. Analysts are at a loss trying to predict where these precious metals are headed. Gold futures hit a record high at the start of
European majors turn slightly stronger today, in mixed markets. Euro appears to be supported by news that US is refraining from tariffs hikes on Airbus subsidies retaliation. Though, except versus Yen, Euro’s strength is not too convincing yet. Dollar turns soft again following strong rally in US stocks overnight. But surprisingly, commodity currencies are not
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