In this article PEP A customer holds a can of Pepsi beverage at a shopping mall on March 9, 2022 in Shaoxing, Zhejiang Province of China. VCG | Getty Images PepsiCo on Tuesday raised its revenue outlook for the year as consumers snacked on more Doritos chips and drank more Gatorade in its latest quarter
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Silver slides on safe-haven flows towards US Treasuries as bond yields fall The greenback takes a breather after reaching a 24-year high above 108.000, a respite for silver traders. The US 2s-10s yield curve screams recession, falling to 2007 levels at around -0.107%. Silver (XAGUSD) remains on the defensive as Tuesday’s North American session progresses,
Image: https://unsplash.com/photos/DurC25GdOvk Bitcoin and other cryptocurrencies are usually defined as digital currencies, assets, and platforms for smart contracts. However, legally defining them becomes a bigger dilemma than expected, making regulation challenging. Cryptocurrencies were developed with the primary intent of being decentralized and distributed – two unique qualities that make it difficult, or even impossible, to
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► Important Risk Notice: https://transparentfxtrading.com/terms-conditions/#risk-disclaimer In this video, I will be sharing my usdcad swing trading strategy and analysis so you can watch it to possibly improve your forex trading skillset. I will first cover the technicals for usdcad and then I will move to the order flow analysis. PREVIOUS ANALYSIS 1: https://www.tradingview.com/chart/USDCAD/mKS5pnEf-USD-CAD-Multi-Timeframe-Order-Flow-Analysis/ PREVIOUS ANALYSIS
EURUSD trades to a new session low The EURUSD is trading to a new session low and in the process is getting closer to the parity level at 1.000. The low price just reached 1.00345. Looking at the 5 minute chart, the price correction off the earlier New York session low at 1.0051 saw the
Agree to further strengthen bilateral ties Agree to continue consulting on foreign exchange market To cooperate ‘as appropriate’ on currency issues, in line with G7 and G20 commitments Well, that’s at least one key risk event out of the way now for the yen. It is all for the optics more than anything else as
NEW DELHI: Gold prices were marginally down on Tuesday, hitting multi-month lows as the firm US dollar dented the appeal of the safe-haven metal. Strength in the US dollar makes greenback-priced gold more expensive for buyers holding other currencies. Traders awaited the US consumer price index data, a key measure of inflation, set to be
GBP/JPY extends the week-start pullback amid risk-aversion. UK’s political leaders step forward for President’s chair after Boris Johnson’s departure. Treasury yields remain pressured, portray recession fears as inflation expectations soar. The second round of BOE Governor Bailey, risk catalysts will be important to watch for fresh impulse. GBP/JPY holds lower ground near the intraday bottom
Gaming giant GameStop (GME) launched its own non-fungible token (NFT) marketplace on July 11. The new NFT marketplace intends to deliver low fees and high speeds. Users of the marketplace can buy, sell, trade, and create NFTs. The marketplace features functionality to enable users to view statistics for NFTs, and educational material is also provided.
S&P trades between the 100 and 200 hour MAs The S&P index gapped a lower from Friday’s closing levels at the open and then have consolidate the declines during the morning session. The high prices from Friday stalled near the falling 200 hour moving average currently at 3907.83. On the downside, the 100 hour moving
The Bank of Canada meeting is on Wednesday and the OIL market is fully priced for a 75 basis point hike. That’s a big clue on why the Canadian dollar continues to hang neck-and-neck with the US dollar as the top performer of 2022. The Australian and New Zealand dollars have fallen off but that’s
Gold in the national capital on Monday declined by Rs 114 to Rs 50,561 per 10 grams amid decline in international precious metal prices, according to Securities. In the previous trade, the yellow metal settled at Rs 50,675 per 10 grams. Silver also declined by Rs 136 to Rs 56,760 per kg from Rs 56,896
Dollar’s rally is accelerating as markets enter into US session. Swiss Franc and Canadian are following the greenback. But Australian Dollar is the worst, together with New Zealand Dollar. But Yen is also weak, with little help from risk off sentiment. Euro is mixed even though a market inflation gauge, the five-year, five-year forward inflation
The white metal remains downward biased but appears to have found a base around $19.00. Safe-haven flows toward the greenback, and US Treasuries keep the precious metals complex under pressure. The US 2s-10s yield curve is still inverted, flagging recession fears. Silver (XAGUSD) is subdued during the North American session, seesawing for the fourth consecutive
This is a follow-up to yesterday’s Bitcoin technical analysis and trade idea to short BTCUSD at $21300 A trader taking that ForexLive.com trading idea would be very profitable now. Taking into consideration the leverage in crypto trading, which is typically between 5:1 to 20:1 — as such, the trader would be now with a 20%
For the past few weeks, buyers have struggled to really clear a break above the 135.00 mark with the highs capped around the region of 136.70 to 137.00. The latest attempt today may also fall short but buyers are at least continuing to keep more poised and knocking on the door of a push higher
NEW DELHI: Gold prices were trading flat, almost unchanged, on Monday as the firm US dollar dented the appeal for the yellow metal. The bullion was pinned near a nine-month low seen last week. Gold marked a fourth straight weekly loss on Friday, having hit its lowest since late September a few sessions prior, hurt