Month: June 2023

Dollar saw a significant rebound overnight, a rally that carried on into the Asian trading session today. This surge is mainly attributable to short covering, particularly as central bank rate hikes this week failed to drive an extended selloff in the greenback. In fact, Dollar is currently the second strongest performer for the week, closely
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Forex trading may seem intimidating at first, but with this beginner’s guide, you can learn the basics and start trading confidently. In this video, we’ll cover everything you need to know about Forex trading, including how the market works, how to read charts, and how to analyze trends. First, we’ll give you an overview of
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Share: The NZD/USD reversed its course during the American session, falling from a high of 0.6222 to 0.6180. The US reported mixed mid-tier data. Chair Powell’s hawkish remarks during his second-day testimony before the US Congress boosted US yields. On Thursday, the NZD/USD cleared daily gains, which saw the pair jumping to a daily high
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Gold prices declined by Rs 200 to Rs 59,550 per 10 grams in the national capital on Thursday amid weak global cues, according to HDFC Securities. The precious metal had ended at Rs 59,750 per 10 grams in the previous trade. Silver also tumbled Rs 800 to Rs 71,500 per kilogramme. “Gold prices weakened on
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The market witnessed some ups and downs today with BoE and SNB rate decisions stirring the waters. However, these movements failed to usher in a sustainable trend, as both currencies remain shackled within yesterday’s range against most major counterparts. BoE’s larger than expected rate hike sparked initial momentum but the impact quickly faded quickly. The
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Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022.  David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday reported quarterly earnings that topped Wall Street’s expectations, fueled by strong LongHorn Steakhouse sales. The company also announced that former CEO Gene Lee plans to step down as chair of
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The Netherlands has welcomed a new equities exchange-traded (ETF) fund that will give investors exposure to a basket of Bitcoin-related company stocks. French investment firm Melanion Capital’s Bitcoin Equities ETF began trading on the Euronext Amsterdam Stock Exchange on June 22, introducing an equities-based approach to investing in the Bitcoin ecosystem. BTC NA is designed
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Share: After gaining around 16% this year the Dax has rallied up to the highs from January 2022. However, there are increasing calls that the recent rise in stocks, particularly in the US, looks stretched. This has resulted in some calls from analysts that overblown valuations, concerns over higher rates, and portfolio rebalancing mean stocks
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