Softer tones observed in early trades German DAX futures -1.5% UK FTSE futures -0.6% Spanish IBEX futures -0.9% Risk is tilted to being ‘off’ as we get the session started, with US futures also seen lower by ~0.7%. Virus jitters are resurfacing with the situation across Europe and the US looking more and more pessimistic
By Ravindra Rao Gold and silver prices traded with cuts in Monday’s session tracking weakness in global markets as US stimulus talks came to a standstill. Globally, gold prices eased to an over one-week low in early Asia trade as the dollar firmed. Here is a trading strategy for the bullion counters: Gold MCX GOLD
Economic data released since the September signaled that the recovery might have lost momentum. This is a worrying signs as renewed lockdown measures in light of the second wave are expected to damage the recovery further. As a preparatory meeting for more stimulus in December, ECB will turn more dovish this month. Stimulus measures to
The German IFO Business Survey Overview The German IFO survey for October is due for release later today at 0900 GMT. The headline IFO Business Climate Index is seen decelerating to 92.7 versus 93.4 previous. The Current Assessment sub-index is seen arriving at 89.7 this month vs. 89.2 prior while the IFO Expectations Index –
It wasn’t a dumpster fire, so sellers cover The S&P futures have turned positive now with the index up 0.14% at 3454. The move to the upside is probably attributed to the debate that was more debate vs. the yelling and screaming from the 1st debate. Going forward, the other story that traders have been
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! Its a normal Monday morning, market liquidity is very thin until it improves as more Asian centres come on online … prices are liable to swing around on not too much at all, so take care
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week PayPal to offer crypto payments starting in 2021 When rumors
By Laura Hurst and Kevin Crowley Six months on from crude’s era-defining price crash and Big Oil is suffering from whiplash. Prices may have stabilized around $40 a barrel as OPEC+ curbed supply, but as the coronavirus surges through Europe once again, the twin safety nets for majors in previous downturns — refining and trading
According to the CFTC Commitments of Traders report for the week ended October 20, NET LENGTH for crude oil futures jumped +17 551 contracts to 490 348 for the week. Speculative long position rose +14 764 contracts, while shorts dropped -2 787 contracts. For refined oil products, NET LENGTH for gasoline decreased -258 contracts to
Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company’s initial public offering on Thursday, March 2, 2017. Michael Nagle | Bloomberg | Getty Images Snap‘s stock price soared more than 22% after hours on Tuesday as the company posted an unexpected,
AUD/USD is in a current bullish environment according to technical indicators. However, bears could be encouraged at near-term resistance structures. Longer-term, there will be bearish prospects below 0.6960 and 0.7020. AUD/USD has been in the hands of the bears while correcting five months of an otherwise uninterrupted bull trend. The 38.2% Fibonacci retracement is way down
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One-Page Trading Plan Tutorial | Forex Trading FREE: The Complete Price Action Strategy Checklist: http://bit.ly/2wSHj8N In this Forex trading vlog, I share with you how to organize your Forex trading plan onto a single sheet of paper. This is a format I developed after being stuck creating a trading plan that was too complex. Vlog
Forex Trading Strategy – Secret To Easy Profits Forex trading for beginners can be difficult. In general, this is due to unrealistic but common expectations among newcomers to this market. The first question that comes to everyone’s mind is: how to learn Forex from scratch? Don’t worry, this video is will teach you a simple
EUR/USD pares its decline in a slight nudge higher from 1.1804 to 1.1819 For bank trade ideas, check out eFX Plus The German economy is keeping more resilient in the wake of the second virus wave in Europe, as the manufacturing sector is doing the heavy lifting – helped by export demand – in limiting
Coronavirus daily numbers from Europe: France reports 45,422 cases (positivity rate 16% vs 8% a week ago) UK reports 23,012 cases vs 20,530 the day prior Italy reports 19,644 vs 19,143 Netherlands reports 8669 That’s a new record for Italy/France and the others are all very close. Expect the weekly pattern to show lower numbers
BENGALURU/MUMBAI: Gold premiums in India jumped to their highest in nearly three months this week, as jewellers continued to stock up on hopes of more customers visiting stores as the festive season gathers pace. Indians celebrate Dussehra on Sunday and Diwali and Dhanteras in November, when buying gold is considered auspicious. “Investment demand was good
As suggested in the CFTC Commitments of Traders report in the week ended October 20, USD Index futures returned to NET SHORT of 1 666 contracts. Speculative long positions decreased – 2042 contracts and short positions added +61 contracts. Concerning European currencies, NET LENGTH in EUR futures declined -2 694 contracts to 165 943. NET