What you need to know on Monday, August 23: The dollar gave up some ground at the end of the week, but it’s the strongest currency across the FX board. The better performance of equities and bouncing government bond yields put a cap on the greenback’s demand. The main themes were the spread of the
Month: August 2021
Trades down to $62 and finds natural support buyers on the first test The price of WTI crude oil futures are making new lows for the day, and in the process testing the $62 level. The low just reached $62 and is seeing a modest bounce back up toward $62.18 A break below the $62 level will
Feds Powell to speak at 10 AM ET on Friday August 27 Next week’s key events and releases will be highlighted by the Jackson Hole symposium which will take place from August 26 through August 28. The main speech made by Fed chair Powell, will take place on August 27 at 10 AM ET/1400 GMT. The market will be
In this article CSCO Cisco’s Chairman and CEO Chuck Robbins. Chesnot | Getty Images News | Getty Images Cisco shares moved slightly lower in extended trading on Wednesday after the networking hardware company reported earnings that exceeded analysts’ expectations. Here’s how the company did: Earnings: 84 cents per share, adjusted, vs. 82 cents per share
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Scalping is one of the most difficult forms of trading. But, a lot of beginners are attracted towards scalping. So in this video I will be sharing an amazingly simple scalping trading strategy for beginners. Video Contents : – What is scalping ? – How does scalping work ? – what timeframe to use for
EUR/GBP rises 0.22% on weak UK economic data. UK’s retail sales data drop 2.5% vs 0.4% expected. The short-term trend is up, however stronger UK economic data, supports the British pound. The EUR/GBP rises for the second day in a row, modestly gain 0.22%, trades around 0.8580. For the second week in a row, recovers
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Infrastructure bill passes US Senate — without clarification on crypto
Down $1.37 or 2.15% The price of WTI crude oil futures are selling at $62.32. That’s down $1.37 or 2.15%. The price has since moved down to test the $62 level. The move lower was the seventh consecutive day with lower levels. Over that time, the price has moved -10.87%. The next target comes in
Total cases now at 51 Optimism that New Zealand can contain its covid outbreak is fading after details of 21 new cases were reported. PM Jacinda Ardern said it was “very likely” the nationwide lockdown would be extended beyond Tuesday. Because of extensive contact tracing and transparency, we’re also getting details of the people who
Gold prices were flat on Friday, as a firmer eclipsed support from rising anxiety over increasing cases of coronavirus’ Delta variant that could delay economic recovery. FUNDAMENTALSSpot gold was flat at $1,780.43 per ounce by 0056 GMT, while US gold futures was little changed at $1,782.40. The dollar index held near a more than a
PBOC left the loan prime rate (LPR) unchanged at 3.85% in July. The inaction does not suggest that the current monetary policy is appropriate. Weakness in economic activities is expected to exacerbate in the second half of the year, thanks to the resurgence of the pandemic and the lingering consequences of the flood. Speculations of
In this article NVDA Nvidia CEO Jensen Huang wearing his usual leather jacket. Getty Nvidia reported earnings on Wednesday for its second fiscal quarter that ended on August 1, beating Wall Street estimates because of strong graphics cards sales. However, Nvidia’s cryptocurrency chip products, CMP, had lower sales at $266 million than the $400 million
On the session, the USD/CHF is down 0.14%, trades around 0.9176. The daily chart supports the uptrend. In the case of a short correction, price will tend to favor buyers Daily chart The price is trading around 0.9170. The daily moving averages stand underneath the spot price, and support moves towards the upside, however, recent
In a business school lecture hall at the Massachusetts Institute of Technology (MIT), a senior executive for Safaricom gave a prediction of decentralized finance and the future of commerce to a room of keen but confused MBA students. “You will be able to buy your first home on WhatsApp! Smart contracts on the Ethereum blockchain
Stall at the key MA level The GBPUSD trended sharply to the downside yesterday and is modestly lower today. The EURUSD had an up and down day yesterday – closing lower – and is higher today. That price action has been helped by a bid in the EURGBP over the last two days. Looking at the hourly chart,
Full approval could aid with vaccine hesitancy A common refrain for US anti-vaxxers is that they want full FDA approval before getting the vaccine. Whether that’s a real reason or flimsy excuse will be put to the test in the near future as the New York Times reports the agency is planning to give full
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