Options fever in the equity market The FT report that SoftBank had been buying massive volumes of equity options grabbed all the attention in markets on Friday. Now there are more details of the trade, which is still largely mysterious. From the WSJ: Regulatory filings show SoftBank bought nearly $4 billion of shares in tech
By Prathamesh MallyaIn the past three months (June to August), crude oil prices consolidated with the brent trading in the price range of $37 and $46 range. WTI traded in the range of $34-$44, while the MCX crude oil prices traded in the range Rs 2,800-3,250/bbl in the same time frame. This conundrum has been
Dollar stays firm as recovery continues while Yen is following as the second strongest. While US stocks continued their record run overnight, Asian markets are generally in red outside of Japan. As for today, Euro is currently the worst performing, followed by Sterling, and then Australian Dollar. Focuses will turn to ISM non-manufacturing from US
New filings for jobless claims totaled 881,000 last week, better than estimates as the employment market continued its gradual progress during the coronavirus pandemic recovery. Economists surveyed by Dow Jones had been looking for a total of 950,000. The number reflects an improving labor market as well as a change in methodology from the Labor
Apple shares are now higher on the day The US stocks are continuing to clawback the sharp declines. The Dow industrial average is ticked positive for a moment. The S&P index and NASDAQ index continue to remain in the red but well off their low levels. A snapshot with less than an hour left in trading
EUR/USD is trading just above flat after struggling after the NFP data. There is also a support trendline that is working very well at the moment. EUR/USD 4-hour chart EUR/USD has had a tough week as the greenback made a small comeback. The lack of progress in fiscal talks in the US and an ECB
COVID-19 – The US Food and Drug Administration is getting political heat to approve vaccines prior to the US election. Bloomberg report firms are planning to band together to issue a pledge to not send any Covid-19 vaccine to the FDA for review without extensive safety and efficacy data Bloomberg citing unnamed people familiar with the
KOLKATA: After months of depressed sales due to the lockdown, India’s gold jewellery trade is showing early signs of recovery, with the metal’s restocking reducing the discount by a quarter to $30 per ounce toward the latter half of the week. Bullion dealers were offering a discount of $40 per ounce over the official domestic
ECB is expected to maintain the monetary policy measures in September. The focuses on the meeting include policymakers’ response to the recent strength in euro, the updated economic projections and ECB’s strategy review after Fed Chair Jerome Powell’s announcement at the Jackson Hole symposium. While euro’s appreciation over the past months could be a drag
With seasonally adjusted initial jobless claims totaling 881,000 last week, millions of Americans are still in need of financial assistance from the federal government. Congressional Democrats and the Trump administration are deadlocked, leaving Americans unsure if more help will arrive soon. Less than a month ago, President Donald Trump tried to do it on his own
While the crypto space has seen tremendous growth over the past decade, the asset class still holds a tiny amount of value compared to mainstream markets, especially when pitted against giants such as Apple. Apple stock (AAPL) holds a staggering $2 trillion market cap, dwarfing all the speculative capital held within the entire crypto space,
#DailyPipTalk #LondonBreakoutTrading #ForexTradingTips #BestForexStrategy The Best SIMPLE FOREX TRADING SYSTEM IS A SIMPLE STRATEGY That Will Change The Way You Trade Keep your trading simple. The smart money, banks, institutions whatever you want to call them work opposite to how retail traders think. They sell high and buy low. They work from the numbers and
The FXTrader combines quotes from 14 of the world’s largest interbank dealers and offers TWS users a dedicated and highly configurable forex trading resource. In this short video you will learn about the features of TWS FXTrader and its configuration process to help streamline your currency trading experience. Visit IBKR Traders’ Academy: https://gdcdyn.interactivebrokers.com/en/index.php?f=25243
#DURecorder This is my video recorded with DU Recorder. It’s easy to record your screen and livestream. Download link: Android: https://goo.gl/s9D6Mf iOS: https://goo.gl/nXnxyN
S&P and NASDAQ break 5 week win streak It was a wild up and down trading day for the major US stock indices. At the end of the day the major indices all fell. For the week they also declined. The NASDAQ index was the weakest today and also for the week. Some highlights for
AUD/USD trades 0.30% higher after a couple of tough sessions. The price has found some support after the NFP data. AUD/USD Price Analysis AUD/USD has pushed higher today while some of the other majors struggled. Most of the majors have recovered after the USD gained some short term strength following the US non-farm payroll data. Both
Nothing has been more impressive than the Mexican peso this week If an asset can rally in a risk-positive and risk-negative environment, it’s probably poised for more. Nothing embodies that better than the Mexican peso this week. It rose as the US dollar weakened in the equity market euphoria and it powered through the strength
NEW YORK: Oil prices fell nearly 3% on Friday, headed for their biggest weekly decline since June as concern around a slow economic recovery from the COVID-19 pandemic added to worries about weak oil demand. Brent crude, the international benchmark, dropped $1.08, or 2.5%, to $42.99 a barrel, by 10:53 a.m. EDT (1453 GMT). US