High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images California’s state average for a gallon of gas has surged above $6, making fuel in the Golden State the most expensive across the U.S. The average price at the pump in California hit
Month: May 2022
In this article CSCO Chuck Robbins, chief executive officer of Cisco Technologies Inc., gestures as he speaks during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 22, 2020. Jason Alden | Bloomberg | Getty Images Cisco shares plunged 15% in extended trading on Wednesday after the
Meta Trader 4 or MT4 is arguably the largest trading platform in the world. And it is usually what most people run to when they want to trade Forex but there are some issues with MT4 that a lot of people don’t mention to you. There are things that are wrong with the platform as
In this video I show the best simple forex scalping strategy. Using years of forex knowledge combined with simplicity, I create strategies and share what I’ve created here for beginners, intermediate and pro traders. Trading can be difficult or even frustrating at some points, simplifying trading is the best way to make trading fun and
Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent volatility in the crypto markets when creating rules for the space in 2022. According to a Friday Bloomberg report, Pritchard said the financial regulator will “absolutely” take into account stablecoins
USD/CAD is back to trading flat in the 1.2830 area after hitting more than two-week lows earlier in the session. The pair is on course to end the week lower by about 0.5% amid USD weakness and hot Canadian CPI. USD/CAD hit its lowest level in more than two weeks on Friday in the 1.2770s,
USDCAD moves above its 100 hour moving average The USDCAD has moved to a lower low for 6 consecutive days. Today, the low took out the low from yesterday by 7 pips. Yesterday’s low took out Wednesday’s low by 11 pips. Wednesday took out Tuesday’s low by 14 pips. So the moves to new lows
The major indices are moving closer to the unchanged levels after a hopeful start to the day starts to see an erosion. A snapshot of the market is showing: Dow is up 5.74 points or 0.02% at 31258.88 S&P is up 8 points or 0.19% at 3908 Nasdaq is up 33 points or 0.29% at
Gold prices were flat on Thursday, as an elevated dollar weighed on greenback-priced bullion and countered support from lower Treasury yields, with the metal’s outlook already dulled by an aggressive Federal Reserve stance on inflation. FUNDAMENTALSSpot gold held its ground at $1,816.63 per ounce at 0047 GMT. U.S. gold futures edged 0.1% lower to $1,814.10.
The forex markets are treading water today. Sentiments were lifted by China’s rate cut. UK retail sales came in stronger than expected. ECB officials continued to talk up the prospect of a July hike. But none of these triggered any meaningful moves in the markets. For the week, Swiss Franc is still the best performer,
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images Consumers kept spending in April, with retail sales rising about in line with Wall Street expectations despite
Signage for Tencent Holdings atop an office building in Shanghai, China, on March 22, 2022. China’s Tencent reported on Wednesday its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, e-commerce and travel businesses for its worst performance since it went public in 2004. Qilai Shen |
A bearish Double Distribution day could bring more offers to the asset. A golden cross, represented by 50- and 200-period EMAs advocates the antipodean. Aussie bulls may find a responsive buying action at the lower boundary of the Rising Channel. The AUD/USD pair has witnessed a steep fall in the Asian session after sensing barricades
Nasdaq index trades above and below the 50% midpoint The NASDAQ index has been trading up an down today. The high price reached 11562.82. The low price extended to 11313.31. Near the midpoint of that range sits the 50% midpoint of the trading range since the post pandemic low. That midpoint comes in at 11449.29.
The People’s Bank of China set their one- and five-year loan prime rates today. Despite there not having been any change to the Medium-term Lending Facility (MLF) rate this month the Bank cut the 5-year from 4.6% to 4.45%, leaving the 1-year unchanged at 3.7%. The 5-year LPR is the reference rate used for home
NEW DELHI: Gold prices were trading flat with a negative bias on Thursday as steady US dollar and elevated Treasury yields weighed on greenback-priced bullion. Gold’s performance and outlook have also been under the cloud amid aggressive Fed monetary policy stance on rate hikes as the bank pushes to rein in soaring inflation. Gold futures
Markets are back in risk-off mode as down dropped more than -1100 pts overnight. Dollar and Yen tried to rebound but there was no follow through buying. Indeed, both remain the worst performing ones for the week. Instead, safe-haven flow seems to be benefiting Swiss Franc more this time. Franc is also helped by buying
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell sharply in May, as mortgage rates shot higher and building material costs showed no
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