In the morning video, I discussed the trend move to the downside and earmarked the 38.2-50% of the “last trend leg lower” as the minimum target to get and stay above to tilt the intraday bias a little more to the upside. That was the minimum. GBPUSD trends lower The corrective move higher at the
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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
Gold prices in the national capital rose by Rs 138 to Rs 49,786 per 10 grams on Monday, according to Securities. In the previous trade, the precious metal had closed at Rs 49,648 per 10 grams. Silver also jumped by Rs 224 to Rs 56,514 per kilogram from Rs 56,290 per kg in the previous
Dollar is extending its broad-based rally today. But other positions are somewhat changing. Sterling is now recovering as traders take profit, while awaiting an unconfirmed statement from BoE. Euro is also paring some recent losses. Meanwhile, Swiss Franc, Yen and Canadian soften in general. Australian and New Zealand Dollar are mixed. Technically, while Sterling recovers,
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, appeared on CBS’ “Face The Nation” Sunday morning with a continued commitment
US Dollar is solid as markets fail to stage recovery. EUR/USD is hovering around 0.9620, far from the daily highs. Dollar overbought but not offering signs of a correction. The EUR/USD is moving toward 0.9600 after the recovers from fresh multi-year lows faded. The euro could not hold above 0.9700 and started to decline
USDJPY stalling near the 100/200 hour MAs The Bank of Japan kept rates unchanged yesterday which diverges from other central banks. But at the same time they intervened in the forex market vs the USD which sent the USDJPY pair sharply lower. The price low yesterday moved close to the 38.2% retracement of the move
It was an especially thinly traded early Monday in Asia today with a public holiday in New Zealand. Very early trade in GBP/USD took the pair to lows around 1.0765, carrying on its cratering during Friday’s trade. The early slump was soon recovered, GBP/USD ticked back to just under 1.0850 as liquidity improved a little.
The Walt Disney Company could be on the verge of expanding into the crypto space after posting a new job for an “experienced corporate attorney” to work on “emerging technologies” such as nonfungible tokens (NFTs) and the Metaverse. According to the Sept. 23 listing on the Disney careers website, the company is hiring for a “Principal Counsel
Gold prices fell to a new 2-1/2-year low on Monday, weighed down by a dollar and prospects of further interest rate hikes by the U.S. Federal Reserve to bring down inflation. FUNDAMENTALS * Spot gold was down 0.3% at $1,638.59 per ounce, as of 0053 GMT, after hitting its lowest level since April 2020 earlier
Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. Scott Morgan | Reuters Researchers applied the Inflation Reduction Act’s new 15% corporate minimum tax onto 2021 company earnings and found that the burden would only be felt by about 78 companies, with Berkshire Hathaway
WTI remains pressured around the lowest level since January 2022, keeps Friday’s weakness. Six-week-old support line, 78.6% Fibonacci retracement can test bears amid oversold RSI. Buyers need validation from falling wedge to retake control. WTI takes offers to refresh the intraday low near $78.10 during Monday’s Asian session. In doing so, the black gold approaches
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GBPUSD below the key swing area up to 0.6680 As stocks continue to run lower, with the Nasdaq down -220 points or near 2% and the S&P donw -76 points or -2.04%, the AUDUSD is continueing to take it on the chin. The pair is down -1.52% on the day which is only eclipsed by
What will stop the dollar? A Fed pivot might but don’t hold your breath. Powell speaks in a few minutes but it’s a Fed Listens event and those are not the place for monetary policy pronouncements. We get Brainard and Bowman on a panel shortly after the top of the hour and that could offer
Globally, gold prices are languishing near a two-and-a-half-year low, weighed down by a rapid rise in global interest rates and a surging US dollar. The benchmark London gold has corrected by about 20 per cent from its March high when the Russian-Ukraine tensions shot up gold prices to near record peaks. Meanwhile, domestic prices are
Gold price tanked to new two-and-half years low at $1638.90. Global S&P PMIs revealed in the EU, UK, and the US sparked investors’ recession fears, increasing appetite for the safe-haven US dollar. Gold Price Analysis: A break below $1638 to send XAU/USD towards $1600. Gold price slides to fresh two-and-half-year lows dampened by a risk-off