Gold prices edged lower on Friday due to an uptick in the US dollar and fears over aggressive rate hikes by major central banks to tame inflationary pressures dented bullion’s appeal. The dollar rose 0.2 per cent against its rivals, making greenback-priced bullion more expensive for buyers holding other currencies. The US Fed’s meeting is
In this article GS The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images British digital bank Starling on Thursday reported its debut annual profit as revenues at the firm almost doubled. The lender swung to a pre-tax profit of £32.1 million ($38.3 million) in its fiscal year ending March
EUR/JPY finishes negative in the week, down by 0.48% as the yen shows signs of strength. Deteriorated market mood, augmented appetite for safe-haven peers. EUR/JPY Price Analysis: In the near term is downward biased, eyeing a fall below 137.00. The EUR/JPY plummets from weekly highs hit on Thursday at 142.32, drops more than 160 pips
Why you should Trust your forex trading system Those who are new to Forex trading face the problem of trusting themselves, and mostly trusting the system they are using. They go through this problem due to lack of experience and lack of testing. Most of the beginners think that testing different systems is just a
Learn the basics of trading Forex with thinkorswim
Proposals in crypto help communities make consensus-based decisions. However, for decentralized music platform Auduis, the passing of a malicious governance proposal resulted in the transfer of tokens worth $5.9 million, with the hacker making away with $1 million. On July 24, a malicious proposal (Proposal #85) requesting the transfer of 18 million Audius’ in-house AUDIO
> Technical Analysis > Bitcoin technical anlalysis & managing a profitable bitcoin short trade Technical Analysis Bitcoin Technical Analysis A quick look at what BTCUSD is doing and following up on a trade idea previously presented for shorting BTCUSD (for short to medium term traders) ForexLive Saturday, 23/07/2022 | 16:28 GMT-0 23/07/2022 | 16:28 GMT-0
The economic data today was all about global PMIs from S&P Global and there was a similar theme in all of them: Germany July flash manufacturing PMI 49.2 vs 50.6 expected France July flash services PMI 52.1 vs 52.7 expected Eurozone July flash services PMI 50.6 vs 52.0 expected UK July flash services PMI 53.3
Gold slumped to a 16-month low last week but managed to recover and end the week with a 1.1 per cent gain bringing a halt to its five week losing streak. Despite the recovery, there is little encouragement for yjegold bulls as they face the next big challenge which is the Fed‘s monetary policy decision
Canada retail sales rose 2.2% mom to CAD 62.2m in May, above expectation of 1.6% mom. That’s the fifth consecutive growth where sales were up in 8 of 11 subsectors. Excluding gasoline stations and motor vehicles and parts, sales rose 0.6% mom. Statistics Canada estimated that sales increased 0.3% mom in June. Full release here.
In this article T A man walks with an umbrella outside of AT&T corporate headquarters on March 13, 2020 in Dallas, Texas. Ronald Martinez | Getty Images AT&T shares fell Thursday after the company said its cash flow was hurt by customers’ later phone payments and company spending on building 5G infrastructure. AT&T said customers
The GBP/JPY finished the week with decent losses of 0.68%. July’s worldwide reported S&P Global PMIs resurfaced recession concerns in the financial markets, shifting sentiment sour. GBP/JPY Price Analysis: In the short-term downward biased unless buyers reclaim 164.00; otherwise, losses would extend towards 161.80. The GBP/JPY slides for the third straight day creep below the
The Bank of America is seeing the USDCAD as a buy (see post here). But what does that trade idea look like from a technical perspective? Does it make sense? What is the risk? What is the reward? I take a look at the levels from an hourly and daily chart perspective to see if
Closing changes for the main North American markets: S&P 500 -1.0% Nasdaq -2.0% DJIA -0.4% Russell 2000 -1.8% Toronto S&P/TSX Comp -0.6% On the week: S&P 500 +2.6% Nasdaq +3.3% DJIA +2.0% Toronto S&P/TSX Comp +3.1% It was a disappointing day for the bulls but still an encouraging week. ADVERTISEMENT – CONTINUE READING BELOW
Copper prices on Friday increased by 0.51 per cent to Rs 626 per kilogram in the futures market on the back of higher spot demand. On the Multi Commodity Exchange, copper contracts for delivery in July traded higher by Rs 3.15 or 0.51 per cent at Rs 626 per kg in a business turnover of
Dollar ended as the worst performing one last week. Selloff somewhat intensified on Friday after poor PMIs indicated that the US economy was already in contraction. Deep fall in benchmark treasury yields dragged down the greenback while traders were betting on a lower terminal rate in Fed’s tightening cycle. Canadian Dollar was the second weakest,
In this article TWTR Twitter reported results for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth. Shares of Twitter closed up about .8% on Friday. Here are the key numbers: Earnings per share: A loss of 8 cents, adjusted, vs expected earnings of 14 cents, according to a
Analysts at MUFG Bank hold onto a short EUR/USD trade idea and see it moving below parity. They consider the euro will be affected by ongoing fears over disruption to the Eurozone economy and fragmentation risks. Key Quotes: “We expect the EUR to remain under downward pressure in the near-term driven by ongoing fears over