California rolling back reopening and the outside the lower close pressure tech talks The US stocks are ending the session with mixed/negative results. The Dow industrial average actually close marginally higher on the day. The S&P index and NASDAQ, however, reversed earlier gains and fell sharply. Contributing to the declines was the news that California
A Bloomberg video interview with Credit Agricole head of G10 FX research and strategy at Credit Agricole While we await Asian markets getting a little more active for the session, a quick watch if you are interested: If the vid does not work, link here to page For bank trade ideas, check out eFX Plus
LONDON/DUBAI: The oil market is getting closer to balance as demand gradually rises, OPEC‘s secretary general said on Monday, two days before the group and ally Russia meet to decide whether to ease output curbs from August. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, have been cutting output since May
Risk appetite is generally firm today with European indices trading in black while US stocks also open higher. Rebound in oil prices help push Canadian Dollar to be the strongest one today, followed by Australian. On the other hand, Yen and Swiss Franc are generally weakest. Though, it’s a surprise that Sterling is among the
Treasury Secretary Steve Mnuchin with national debt signage in background. Tom Williams | CQ Roll Call | Getty Images The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues. The Treasury Department reported
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Monday reported that its quarterly revenue fell as fewer consumers bought its drinks at restaurants or convenience stores amid the coronavirus pandemic. The company did report growth for its food items, such as Cheetos and oatmeal,
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Welcome to Technical FX Youtube Channel. In this video James the founder of Technical FX gives a tutorial on how to use the fibonacci retracement tool in theory. In part 2 releasing soon you will see this in a live market. We hope you enjoy this video and make sure you subscribe for more. ———
Discover the most effective trading strategies using Ichimoku indicator to forecast trends on Forex & stock market. In this video you’ll learn: • How to make money trading stocks and Forex market using Ichimoku indicator • What is Ichimoku and how Ichimoku cloud works in Forex and stock market • How to use and how
Jay Hao — CEO of major crypto exchange OKEx — made positive remarks about meme cryptocurrency Dogecoin (DOGE). When answering Cointelegraph’s recent inquiry concerning new Dogecoin-related OKEx features, Hao made it clear that he has a rather positive view of the cryptocurrency. He said: “Despite showing the lighter side of cryptocurrency, it is not a
EUR/JPY is reversing the recent pessimism and regains poise on Monday. The next stop on the upside emerges at last week’s peaks around 122.00. Following two consecutive daily pullbacks, EUR/JPY has managed to reclaim buying interest and advance beyond the 121.00 yardstick at the beginning of the week. If the buying interest picks up pace
GBP/USD sees early gains evaporate in fall to just under 1.2600 For bank trade ideas, check out eFX Plus The pair touched a high of 1.2666 earlier today but has since seen a retreat, after having formed a bit of a triple-top pattern just under the 200-day moving average @ 1.2701. Most notably, price action
Reaffirms that Germany’s recovery process is just beginning Industrial production has passed its lowest point Increase in received orders indicates output will pick up in the coming months But risks exist particularly in very slack demand from outside the euro area There will be GDP growth from Q3 onwards A positive takeaway from the comments
LONDON: Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend in the United States and elsewhere while traders await an OPEC technical meeting expected to recommend an easing of supply cuts. Brent crude fell 65 cents, or 1.5 per cent, to $42.59 a barrel by 0848 GMT, though prices have
At the BOC meeting this week, we expect new Governor Tiff Macklem to continue Stephen Poloz’s legacy and leave the policy rate unchanged at 0.25%, the effective lower bound. The asset purchases programs (QE) will also be maintained. Canada’s reopening since the June meeting has largely been smooth. Economic data released since then have also
Servers wear masks as musicians play in the street for patrons of the 1803 restaurant in lower Manhattan during phase 3 of the coronavirus pandemic on July 09, 2020 in New York. Roy Rochlin | Getty Images Surging coronavirus cases are showing up in both a slowdown of current economic activity as well as future
Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia. As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries and the European Union will be laying the groundwork to accept digital payments. The changes are expected to begin
Gold prices fail to keep the late-Friday pullback from $1,794. S&P 500 Futures cheer the hopes of further stimulus. Coronavirus conditions continue to worsen, Sino-American tussle become intensifies. Gold prices take rounds to $1,800, currently around $1,799.40, during the pre-Tokyo open Asian session on Monday. The bullion remains pressured following the two-day losing streak amid