Month: April 2024

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 your initial investment; do not
0 Comments
Sterling and Euro rebound broadly today, bolstered by encouraging PMI data that suggests continued recovery momentum in both UK and Eurozone. For the Pound, the latest PMI readings indicate that UK’s recovery from last year’s recession is gathering pace. Meanwhile, rising cost pressures, particularly in the services sector, are heightening concerns about the sustainability of
0 Comments
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that the Japanese central bank doesn’t have any preset idea on the timing, or pace of future rate hikes, adding that future monetary policy guidance will depend on economy, price, market development at the time, per Reuters.  Key quotes  “Don’t have any preset idea on timing, pace of
0 Comments
Natural Gas price recover on Monday above $2.00.  Iran’S foreign ministry said nuclear weapons have no place in Iran’s nuclear doctrine. The US Dollar Index eases with markets favoring risk assets over safe havens and cash.  Natural Gas (XNG/USD) is recovering ahead of the US trading session this Monday breaking $2.03 after tensions were nearly spill
0 Comments
I am eyeing Tesla stock before tommorow’s earnings report, and starting to buy now As equity traders, we’re always on the lookout for opportunities that promise a good return against measured risk. Tesla Inc. (TSLA), the innovative electric vehicle and clean energy company, presents such an opportunity. Ahead of its earnings release tomorrow, post-market close,
0 Comments
British Pound faced broad selloff today, continuing its decline in response to comments made last Friday by BoE Deputy Governor Dave Ramsden. Ramsden expressed he is now much less worried about inflation, and expects upcoming data to show significant slowdown in April. More importantly, he emphasized that UK inflation trends are likely to realign more
0 Comments
AUD/JPY gains ground as no significant geopolitical developments over the weekend. US Secretary of State Antony Blinken called for calm after an Iranian official stated no immediate plan for retaliation. The Japanese Yen faces challenges as BoJ Governor Kazuo Ueda stated that the central bank must keep the loose monetary policy as underlying inflation remains
0 Comments