Battle near the lows as buyers and sellers more balanced at the levels The USDJPY transitioned from non-trend to trend on Friday – breaking below the swing lows at the 106.65 area. The pair has trended lower with the price moving down to a low of 104.793 earlier today. Looking at the hourly chart, that low was able
admin
GBP/JPY gained some positive traction for the third consecutive session on Wednesday. The momentum pushed the cross further beyond a three-day-old ascending channel. The lack of follow-through, overbought RSI on the 1-hourly chart warrant some caution. The GBP/JPY cross edged higher for the third consecutive day and jumped to near one-week tops, around the 136.45
US June 2020 advanced goods trade data Prior was -$74.3B Imports $173.23B Exports $102.59B Exports -23.9% y/y Imports -17.2% y/y This is notably better than expected and last month’s data but the overall volume of trade is still severely restrained, particularly in autos where exports are down 38% and imports down 42% from year-ago levels.
Kolkata: Supply chain disruptions have lead to an over 40% rise in global copper prices and a recovery in demand in CY2021 will be linked to pandemic control and normalcy, a research note on the copper sector has said. In particular, mining restrictions due to the pandemic is estimated to have resulted in a sharp
Gold’s rally has accelerated with the front-month Comex contract making new highs for two consecutive dates. We believe the recent relentless rally of the yellow metal is driven by a number of factors: low real rates, expectations of higher inflation as a result of ultra expansionary monetary policy and fiscal stimulus and safe-haven demand amidst
Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Federal Reserve is expected to again promise to do whatever it takes to fix the economy at the same
General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks. GM General Motors is set to report its second-quarter earnings before the bell on Wednesday as the automaker attempts to recover from the coronavirus pandemic that’s shuttered factories
United States-based TradeStation, a subsidiary of Japanese firm Monex Group, is planning to launch a crypto lending service. The plan was announced in Monex’s earning report published on July 29. Called “Crypto Earn” the new lending service is “C2B2B” that lends institutions borrowed assets from clients. Last November, TradeStation launched a cryptocurrency brokerage platform via
A soft ending to the stock day The US stocks are ending the day just off the lows for the day. The NASDAQ index by the way with a -1.27% decline. The final numbers are showing: S&P index -20.97 points or -0.61% at 3218.44. NASDAQ index fell -134.17 points or -1.27% at 10402.09 Dow industrial average fell
GBPUSD eases from 1.252, the highest since early-March, towards 1.2900. Overbought RSI conditions, resistance line of a bullish chart pattern favor the Cable’s further weakness. 200-bar SMA adds to the support, 1.3000 becomes the key for the further upside. GBP/USD recedes to 1.2925 during Wednesday’s Asian session. The pair refreshed the highest since March 13
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 of your initial investment; do
Gold gained on Tuesday ahead of a US Federal Reserve policy meeting which is expected to provide more monetary stimulus to support the coronavirus-hit economy, though bullion pulled back from an all-time high reached earlier. As of 11:10 a.m EDT (1510 GMT), spot gold was up by 0.3% at $1,947.51 per ounce, while US gold
Yen rises generally today, together with Swiss Franc, in rather subdued consolidative markets. Stocks are trading mildly lower but there is hardly any following selloff for now. Much volatility is seen in Gold and Silver, while retreat notably after initial spike. But both are contained above near term support level so far. Back in the
The Federal Reserve said Tuesday it is extending its menu of lending programs to businesses, governments and individuals to the end of 2020. Originally set to expire Sept. 30, the myriad facilities, stretching from credit to small businesses up to the purchase of junk bonds now will stretch to Dec. 31. The Fed began rolling
Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD shares rose as much as 10% in extended trading on Tuesday after the company upgraded its revenue guidance for the current year as part of its second-quarter earnings results. Here’s how the company did: Earnings: 13 cents per share, adjusted, vs. 16 cents per share as
Bitcoin (BTC) price finally woke up and surged to a new 2020 high but as the markets surged past $10,000, some traders seem to have opened excessively leveraged long positions. This effect became more noticeable as the funding rate for perpetual contracts reached the second-highest level this year at 12.4% per month. Funding alone shouldn’t
PRICE is the ultimate forex trading system. In part 2 of our HOW TO TRADE LIKE A BOSS SERIES I’m going to show you the best forex trading system that actually works. There won’t be any nonsense indicators or chatrooms. The only thing that works consistently every week is learning how to trade a price
Join our FB Group through our page: https://www.facebook.com/FXGOAT/ FX GOAT FOREX TRADING ACADEMY Instagram: fxgoat_ https://instagram.com/fxgoat_?igshid=jde5fgl52bvg This course is a game changer. Finally Released the “NEW MARKET STRATEGY“ Join here ?????????????????? https://fx-goat-forex-trading-academy1.teachable.com Recommended Broker ???? https://my.octafx.com/open-account/?refid=ib1012039 For Free Signals join my Telegram ???????????? https://t.me/joinchat/AAAAAFdiqACDOpKarEFXew Here’s Our FX GOAT ? channel ? https://www.youtube.com/channel/UCrHhlXS8YWkUlAaTr2bXVGg?view_as=subscriber I Recommend using