Analysts at Bank of America Global Research (BofA) offer their expectations from ‘Super Thursday’s’ Bank of England (BOE) monetary policy meeting. Key quotes “The Bank of England (BoE) doesn’t provide guidance anymore, so we do not expect any clear signals from this week’s BoE policy meeting.” “The BoE’s inflation forecast is the best signal we will
Month: August 2021
Bitcoin SV has reportedly suffered a “massive” 51% attack beginning around 11:45 am Tuesday, resulting in up to three versions of the chain being mined simultaneously. Analytics provider Coin Metrics confirmed Tuesday afternoon that its Farum risk management platform had identified the 51% attack. FARUM has identified a 51% attack today on the BSV network
Dollar is under some pressure as falling treasury yield is weighing down the greenback. Canadian Dollar is even weaker as WTI oil price breaches 70 handle again. New Zealand and Australian Dollars are the stronger ones but gains are limited. The post RBA lift on Aussie is so far short-lived. Swiss Franc is actually taking
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 of your initial investment; do
Price also breaks above its 200 hour moving average The USDCAD has shot higher on the back of tumbling oil prices (crude oil is trading below $70 at $69.39 currently). The pair also broke above some key resistance near the 1.2525 to 1.2527 area. Looking at the hourly chart above, the falling 200 hour moving average comes in at
New Delhi: Gold prices in the national capital dipped marginally by Rs 31 to Rs 46,891 per 10 grams on Tuesday, in line with weak global trends and on rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,922 per 10 grams. Silver also tumbled Rs 372
The Federal Reserve could begin slowing down its bond purchases as early as October under a scenario central bank Governor Christopher Waller set out to CNBC in a Monday interview. Should the August and September jobs report show growth in the 800,000 range, that would get the U.S. economy near its pre-pandemic level and, Waller
Nikola Motor Company Source: Nikola Motor Company Electric vehicle start-up Nikola Corp. reported a narrower-than-expected loss for the second quarter, as the company continues vehicle validation testing and progresses toward delivering its first trucks to customers. Here’s how Nikola did compared with what Wall Street expected based on average estimates compiled by Refinitiv. Adjusted results:
US IBT/TIPP Economic Optimism Index edged lower in August. S&P 500 and Nasdaq Composite trade in the negative territory. The headline Economic Optimism Index of Investor’s Business Daily (IBD) TIPP poll declined to its lowest level since February at 53.6 in August from 54.3 in July. “The return of Covid and rising financial stress, as
A Forex trading tutorial proving how many traders are taught trend trading incorrectly. Get my Free Market Entry Timing Indicator: http://www.topdogtrading.net/youtube-organic-forex Trend trading on Forex, stocks, futures and e-minis is such a basic concept that everything thinks they know how to trade it. Unfortunately, even such a basic concept is often taught incorrectly. This Forex
This Forex trading video is about a simple with high win rate MACD indicator strategy. The Moving Average Convergence Divergence or MACD, is one of the most simplest and popular indicator used by traders. It is a trend following indicator that reveal the changes in direction, strengthen and momentum within the financial market. It can
Bitcoin (BTC) briefly fell below $38,000 on Aug. 3 as signs of a retracement from range highs continued to flow in. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Caution before BTC price swing lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tapping $37,960 on Bitstamp before rebounding. Still trading 3.7% lower on the
Australia Dollar rebounds notably after RBA surprised markets by sticking to its tapering plan. Kiwi appears to be a touch stronger, but Aussie is not far away. Yen is also firm on falling treasury yields. On the other hand, Canadian Dollar is trading generally lower as oil price retreated. Dollar is following as next weakest
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 of your initial investment; do
Dow Jones, S&P give up gains and close in the red. NASDAQ closed mostly higher The US stock market lost steam into the close with Dow industrial average and the S&P 500 closing in the red and giving up earlier gains. The NASDAQ index squeaked out a small gain on the day. The final numbers
NEW DELHI: Gold prices edged lower in domestic markets on Monday, following global market cues. The dollar held steady, pushing the yellow metal trade in red. Gold futures on MCX were down merely 0.10 per cent, or Rs 47, at Rs 47,954 per 10 gram. Silver futures traded marginally up 0.03 per cent, or Rs
Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Volkswagen posted record first-half earnings on Thursday while also raising its target for profit margin. The results are a marked improvement from the same period last year when demand was ravaged
Analysts at Societe Generale note that the Reserve Bank of Australia (RBA) is likely to postpone its tapering announcement this Tuesday amid current Delta covid variant outbreaks in Australia. Key quotes “We expect that the policymakers will announce to postpone the tapering until the recovery of the economy from the current outbreak is confirmed.”