The advance reading for US economic growth April to June 2021 is due at 1230 GMT expected 8.6% q/q, prior 6.4% If you are wondering why the Federal Reserve is still providing emergency levels of monetary stimulus on this sort of growth you are not alone. The argument goes that this will be the peak
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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 of your initial investment; do
Mumbai: As the country moves towards creating a spot gold exchange, markets regulator Sebi‘s Whole Time Member G Mahalingam on Wednesday suggested routing all the imports of the precious metal through the exchange ecosystem in the future. Such a “funnelling” would ensure that gold monetisation takes place right at the source as the metal enters
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images The International Monetary Fund warned Tuesday that there’s a risk inflation will prove to be more than just transitory, pushing central banks to take pre-emptive action. The issue is currently dividing the investment community, which has
In this article FB CEO of Facebook Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Facebook is set to report its second-quarter earnings after market close on Wednesday. Here’s what Wall Street is expecting:
AUD/NZD snaps two days’ upside momentum on Thursday. Cross hangs near multi-month resistance, weakness persist below 1.0600 Momentum oscillators indicate underlying bearish sentiment. AUD/NZD pares part to its previous day’s gains in Thursday’s Asian session. The pair opened higher, albeit fizzled out quickly to touch the low of 1.0587. At the time of writing, AUD/NZD
The Blockfolio brand is no more: One of the first genuine product brands in the cryptocurrency space, the mobile app that started life as a portfolio tracker — and later morphed into a trading app under the stewardship of FTX — will now take its new owner’s name. Blockfolio, which boasted a user base in
Dollar is trying to recover in early US session but upside is limited so far. Overall market sentiments stabilized as US stocks might have regained footing for another take on new records. Also, traders are turning a little bit more cautious ahead of FOMC statement and press conference. Overall picture for the week is unchanged
US petroleum inventory data from the EIA Prior was +2108K Gasoline -2253K vs -916K exp Distillates -3088K vs -435K exp Refinery utilization -0.3% vs +0.4% exp Late yesterday the API numbers were: Crude -4728K Gasoline -6226K Distillates -1882K Cushing -126K The gasoline draw wasn’t going to be as high as the API data but the
The USD is modestly stronger ahead of the FOMC decision today The CAD is the strongest and the JPY is the weakest. Canada CPI will be released at the bottom of the hour. The USD is marginally higher and working through the earnings from Microsoft, Apple and Alphabet which each beat expectations (combined they had app. $57B
NEW DELHI: Gold prices edged up mildly on Wednesday. Investors await the outcome of the US Federal Reserve’s meeting tonight for hints on policy tapering plans. The yellow metal held near its key psychological level. Gold futures on MCX were up 0.18 per cent, or Rs 87, at Rs 47,660 per 10 gram. Silver futures
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, prices in May were 16.6% higher than in May 2020, according to the S&P CoreLogic Case-Shiller home
In this article BA A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. Karen Ducey | Reuters Boeing reported its first quarterly profit in almost two years on Wednesday, boosted by a surge in deliveries of commercial jetliners as airlines began recovering from the
US international trade deficit US continued to expand in June. US Dollar Index stays in the positive territory above 92.60. The advanced data published by the US Census Bureau revealed on Wednesday that the international trade deficit increased by $3 billion in June to $91.2 billion from $88.2 billion in May. “Exports of goods for June
Here I have an easy day trading strategy for those traders out there getting tried of my 4 hour and daily chart videos. I go through a handful of trades from start to finish using tradingviews bar replay feature. This strategy combines the SSL channel indicator with the WAE and seems to do quite well
I AGREE. Trading platforms are pretty intimidating, especially for beginners. You should see the looks on people’s faces when they see my screen in Starbucks. One of my favorite platforms is thinkorswim with TD Ameritrade. In this series, I will be explain the basics of using the thinkorswim platform to trade forex, futures, and options.
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Sterling rises broadly today despite dovish comments from a BoE policymaker. Sentiment towards the Pound is likely support by declining trend in delta variant infections. Other European majors are also firm together with Yen. On the other hand. Dollar is currently the weakest one, followed by commodity currencies. Traders are turning more cautious on the