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
Today, paying for purchases in cryptocurrencies no longer seems like something out of the ordinary. Many online stores accept Bitcoin (BTC) and other coins along with traditional currencies, while in some cafes, cryptocurrency holders can even pay using point-of-sale terminals. However, there is one thing that distinguishes traditional financial systems from cryptocurrencies: advanced interoperability. Thanks
LONDON: Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy, with prices also pressured by a larger than expected rise in U.S. crude inventories. Brent crude futures were down $1.05, or 2.5%, to $41.60 a barrel by 1403 GMT and U.S. West
Yen had a U-turn today and breaks near term support level against Dollar. Resilience in treasury yield is seen as a factor for Yen’s weakness. After a brief set back yesterday, US 10-year yield looks set to extend recent rally through 0.78 handle. German 10-year yield is also trying to regain -0.5 handle too. Stock
Minneapolis Federal Reserve President Neel Kashkari became the latest central banker to warn against not getting more stimulus to the U.S. economy, saying that the cost of doing nothing could be major. As the impasse in Washington intensifies, Kashkari told CNBC that workers, businesses and governments need more cash from Congress. “There are enormous consequences
Levi Strauss & Co. shares soared more than 9% Tuesday after the denim maker reported online sales growth of 52%, which helped offset losses elsewhere in the business during the fiscal third quarter. Management told analysts it expects the strong performance will continue into the holiday quarter, though it is calling for sales to be down
US President Donald Trump made a terrible mistake by ending coronavirus aid negotiations, US House Speaker Nancy Pelosi told ABC on Wednesday, as reported by Reuters. “It is really important to come to an agreement on COVID-19 aid,” Pelosi added and said that it was a missed opportunity to not pass a larger relief package. Market
Stimulus is off the table for now The case for buying gold is that easy money policies at central banks and governments are going to last for years. Trump’s decision to call off discussions on a $1.5-$2.2 trillion package put that in doubt, at least for now. Gold responded by falling to $1875 from $1910.
Alongside stocks falling on Trump’s tweet during the US afternoon halting stimulus negotiations was the USD gaining back ground. That is extending just a tad further here in Asia morning trade, albeit in very small ranges. EUR/USD has just dropped under 1.1730, extending its losses. NZD and AUD are barely doing much better. Ditto for
Pune: Guar gum traders said although the futures market is expecting an uptick in prices, any increase will not be sustainable for long as demand may take time to revive while the supply side remains strong. India is the world’s largest manufacturer and exporter of guar gum. The export dependence of traders keeps prices volatile.
Sterling is currently the worst performing one today so far, on the never-ending concerns of coronavirus infections and no-deal Brexit risk. Australian Dollar is closely following as second weakest after RBA indicated more easing ahead to support employment. On the other hand, New Zealand Dollar is currently the strongest, thanks to cross buying against Aussie.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., Oct. 30, 2019. Al Drago | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said
In its latest credit review of the South Korean economy, Fitch Ratings affirmed Korea’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘AA-‘ with a Stable Outlook. Key takeaways “The pandemic has weighed on economic growth and public finances, but domestic control of the virus accompanied by a robust policy response have limited the severity of
www.fxjake.com – Jorge shows us how he trades the 2e system that he learned in the Daily Trader course at FXjake. Everything you need to know about this system is here. Indicator on the Naked Forex Now forum.
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NASDAQ index rises 2.25% The major US stock indices surged higher as investors cheered the potential for a stimulus package. Mnuchin and Pelosi are said to be exchanging new ideas. The stocks were also buoyed by a better-than-expected ISM services index for September which rose to 57.8 from 56.9 last month. The expectations were for a
Some remarks by UK finance minister, Rishi Sunak The focus of all my attention is to support jobs If consumers lack confidence, that will have an impact on jobs But we need sustainable public finances The handling of the virus crisis is all a political ruse and as much as the UK government does not