NEW YORK: Oil prices sunk for a fifth day in a row on Thursday to their lowest in two weeks on growing worries about rising COVID-19 cases in Europe and the strengthening US dollar that hurts the value of oil. Brent futures fell $3.74, or 5.5%, to $64.26 a barrel by 1:02 p.m. EST (1702
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The BOE voted 9-0 to leave the Bank rate unchanged at 0.1%. It will also continue to buy up to 875B pound of UK government bonds and 20B pound of corporate debts. While cautioning that the economic outlook remained highly uncertain, policymakers acknowledged the recent upbeat data, smooth vaccination progress and the latest budget package.
First-time claims for jobless benefits showed an unexpected jump higher to 770,000 as the labor market tries to recover from the Covid-19 pandemic that sent more than 22 million Americans to the unemployment line a year ago, the Labor Department reported Thursday. Economists surveyed by Dow Jones had been looking for a total of 700,000
3 Simple Moving Average Crossover Forex Trading Strategy|Triple EMA Forex Strategy SIMPLE Vs EXPONENTIAL MOVING AVERAGE Simple Moving Averages (SMA) have more lag. SMAs are more suited for trading on longer time frames (over 1 hour). These can also be used to help identify support and resistance areas, especially the 200 SMA. Exponential Moving Averages
● Trading Psychology Basics for Forex Traders. Subscribe if you want to learn while being entertained. ✔ Please like the video and comment if you enjoyed – it helps a lot! ● Trade forex on Ayondo http://www.financial-spread-betting.com/spreadbetting/Ayondo-compare.html Trading Psychology Basics for Forex Traders. Zoe Fiddes, currency analyst comments. PLEASE LIKE AND SHARE THIS VIDEO SO
Here is a requested strategy tested 100 times so you can see the results for yourself. This is clearly at least 30 times better than anything I have shown on the channel so far. Obviously I am being completely sarcastic the whole time and this is terrible I highly recommend staying away from channels that
The Bank of England hosts a policy meeting today, with a likelihood of policy parameters being left unchanged. Cable’s recent decline to 1.3779 off UK-EU tensions is priced in (and unlikely to extend with arbitration in focus), leaving GBP/USD’s uptrend support at 1.3749 untested, which means there is room for the pair to push higher,
Gold is down 0.3% to around $1,740 currently Invest in yourself. See our forex education hub. The low earlier hit $1,735.60 but gold is holding around a key short-term technical level around $1,740 currently on the session. The post-Fed knee-jerk reaction saw gold jump above the short-term resistance around $1,740 but buyers never really got
Nasdaq futures fall by 0.9% on the day There’s a thought here that the equities complex may see a bit of a problem with 10-year Treasury yields rising to 1.75% – it is already at 1.72% currently. So, keep an eye on how all of this may turn into a bit more of a risk-off
NEW DELHI: Gold and silver futures climbed on Thursday as the dollar weakened after the US Federal Reserve kept the interest rate unchanged and reiterated its stance to keep benchmark rates near-zero through at least 2023. The dollar index dropped 0.5 per cent to 91.405, making the greenback-denominated metal cheaper for non-US investors. Gold futures
Dollar dropped broadly overnight as markets turned into mild risk-mode following FOMC rate decision. A better economic outlook was painted by the new economic projections. Yet, Fed is clear that it’s not even considering tapering the asset purchases for now. DOW and S&P 500 rose to new record while 10-year yield also closed higher. Commodity
The Federal Reserve on Wednesday sharply ramped up its expectations for economic growth but indicated that there are no interest rate hikes likely through 2023 despite an improving outlook and a turn this year to higher inflation. As widely expected, the policymaking Federal Open Market Committee also voted to keep short-term borrowing rates steady near
Pedestrians walk in front of a Williams-Sonoma Inc. store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Williams-Sonoma posted fourth-quarter earnings Wednesday that beat analysts’ expectations as consumers continued to shop for new products for their home during the coronavirus pandemic. The company’s stock rose about 10% in extended trading, as
The explosion of interest in non-fungible tokens over the past two months has taken some of the attention away from the decentralized finance sector but this doesn’t mean that some projects are not seeing bullish breakouts. One project that has continued to work on expandin the capabilities of its ecosystem is the Kyber Network (KNC),
Silver moves higher into bullish territory following dovish Fed. US dollar crumbles as the market comes back more into the line of a dovish Fed. Silver prices are moving into the closing bell on Wall Street higher by almost 2% following a dovish outcome from the Federal Reserve which has weighed on both the rates
Key levels at the end of the Fed chair press conference Below are the levels as chair Powell began his press conference and after: Forex rates vs the USD: The dollar moved lower. EURUSD 1.1961. Up to 1.1973 . USDJPY 108.96. Down to 108.83 GBPUSD 1.3918. Up to 1.3949 USDCHF 0.9240. Down to 0.9219 USDCAD 1.2442. Down to 1.2412 AUDUSD 0.7765. Up
Powell wraps up the press conference You would have to dig very deep to find anything remotely hawkish about the FOMC statement or Powell’s press conference. The market reaction has been definitive and it’s extending following the Q&A: USD lower Stocks higher Treasury curve on a front-end led bull steepener Commodity prices higher including 1%
Gold prices inched lower on Wednesday, pressured by elevated US bond yields and a firmer dollar, but remained within a tight range as markets await the outcome of the Federal Reserve‘s monetary policy meeting. Spot gold was down 0.1% at $1,728.52 per ounce at 9:54 A.M EDT (1354 GMT). US gold futures also eased 0.1%